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‘WTH did I just witness?’ Magic Eden turns porno after hosting service hacked

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The NFT marketplace said the issue was caused by its third-party image hosting provider and assured users their NFTs were safe.

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Coin Market

Stablecoins not a threat to banks in the near-term: Moody’s analyst

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A prohibition on yield-bearing stablecoins and robust payments infrastructure in the US means stablecoins will not eat into banks’ market share.

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2024 BTC cycle ‘dramatically’ underperforming previous halvings: Analyst

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Volatility and upside have been declining with each Bitcoin halving cycle, but the new dynamics may not be permanent, according to Galaxy’s Alex Thorn.

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Coin Market

Kelp exploit highlights problem with non-isolated DeFi lending: Crypto execs

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The contagion from the Kelp exploit could have been contained, but at the cost of capital efficiency, according to the founder of Curve Finance.

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