🗿 Bald memes make crypto millionaires 🧑‍🦲

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GM. Curve Finance gets hacked out of $52M. XRP might hit $500. Dude becomes millionaire off of bald memes. Just another week in crypto.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

Today’s Specials:

No FOMO News 📰 : SEC Bias for Bitcoin? 🤡

No FOMO 🗿 : Hacker Drains Stablecoin Pools 💨

AI Intel 🤖 : Yuga Labs Acquires AI Studio 💸

Trader Tuesday 🛜 : Turning $500 into $1M 🤑

Things We Really Don’t Like 😡 : UK is Banning Crypto Memes? 🤦‍♂️

No FOMO News 📰

• SEC asked Coinbase to halt trading in everything except bitcoin, CEO says (FT)

• Trader Turns $500 to Million-Dollar Fortune With BALD Meme Coin on Coinbase’s Blockchain (Cointelegraph)

• XRP to hit $500 in 7 months, Wells Fargo Treasury manager predicts (Finbold)

• Japan Blockchain Association demands tax cuts for crypto (Cointelegraph)

• German data watchdog probing Worldcoin crypto project, official says (Reuters)

• ‘Barbie’ star Margot Robbie on Bitcoin and ‘big Ken energy’ (Fortune)

Hacker Drains Stablecoin Pools 🫢 

Several stablecoin pools have been drained by hackers on one of ethereum’s largest Defi protocols, Curve Finance.

The Curve Finance Hack

Curve Finance, a popular decentralized exchange (DEX), was hacked over the weekend for an estimated $52 million.

• The hack was caused by a vulnerability in the Vyper programming language, which is used to write smart contracts on the Ethereum blockchain.

• The hackers exploited the vulnerability to drain three liquidity pools on Curve Finance, as well as a pool on the layer-2 solution Arbitrum.

• South Korean crypto exchange Upbit has temporarily suspended deposits and withdrawals of CRV tokens as a precautionary measure.

• The Curve Finance team is working to mitigate the damage caused by the hack, and they have advised liquidity providers to exit the affected pools.

The Curve Finance hack is the latest in a series of high-profile hacks in the crypto industry – highlighting the importance of security when using defi… PROTECT YO BAGS 💰💰💰

AI Intel 🤖

• Yuga Labs to Acquire Roar Studios for AI Expertise (Decrypt)

• Nvidia Chips Dominate AI. Demand Is ‘Off the Charts.’ (Barron’s)

• War, AI and Climate Change Shake Up $32 Trillion in Global Trade (Bloomberg)

• Dell is all in on generative AI (The Verge)

• Scoop: Google Assistant to get an AI makeover (Axios)

• The Biden Appointee Spearheading AI Accountability Has Close Ties to Google (Huffpost)

And media’s steady reliable ridiculous headline of the week:

• Neuroscientist who studies how the brain learns information explains why A.I. would be the ‘perfect psychopath’ in an executive role (Fortune)

Trader Tuesday 🛜

A trader this weekend turned $500 to $1-MILLION with BALD Meme Coin

Not only did he do it, he wasn’t alone, AND he called his shot. From issuance to peak, the price rise was a 4,000,000% surge. Even if you aren’t too active trading, you gotta be jealous of this one.

Things We Really Don’t Like 😡

The U.K. aka the Unhappy Kingdom has decided they want to ban any memes related to crypto. First, is this even possible? Second, why? Seems like someone in charge got burned and now they want to take it out on the whole internet.

Shameless Shill + Alpha

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