Tuesday, June 6, 2023
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Attack Of The Crypto Bots

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Also: The secret world of MEV where bots lead crypto investors to big profits

Zuckerberg works with Microsoft to pursue Metaverse Cool

meta platform
doesn’t enjoy the metaverse at all, so he decides to drag his work into it. The company formerly known as Facebook team up with Microsoft

Integrate the Office 365 suite into your Quest VR headset.
From 3D renderings of Microsoft’s flagship apps to immersive Teams meetings, Microsoft is also looking to bring virtual reality (VR) to its creative projects.

CEO Mark Zuckerberg announced the partnership at Meta’s annual Connect conference. A year ago, he changed his company name to reflect his commitment to the Metaverse. Its first year as a Metaverse-focused company hasn’t been particularly fruitful for Meta, with its stock price down about 60% over the period. In addition to spending billions on the Metaverse, Meta’s traditional businesses suffer from competition and undermining. advertisement Outlook.

troubled ape

Apecoin 14% reduction It plummeted to $4.71 after reports that the U.S. Securities and Exchange Commission is investigating Yuga Labs, a popular collection of non-fungible tokens (NFTs) including the Bored Ape Yacht Club series. Securities.

This news should have come as no surprise. The SEC has known his interest in NFTs for some time as part of a race with the Commodity Futures Trading Commission for influence in regulating cryptocurrencies. About $2.4 billion. Apecoin itself may also be under SEC scrutiny. bloomberg, However, an agency spokesperson declined to comment on the matter. The Ethereum-based governance and utility token is designed for use within the APE ecosystem and includes the top three NFT collections by market value (Bored Ape Yacht Club, CryptoPunks, Mutant Ape Yacht Club) and the Metaverse collection Otherside will be Today, it can also be used for in-store purchases in the U.S. at luxury brand outlets such as Gucci and TAG Heuer Monaco. As of Friday morning EDT, the token is trading at $4.54, down 11.7% over the past week.

DEFI’s New $100 Million Exploit

literally disgruntled attacker squeezed out all the liquidity To force the organization to use Treasury assets to fund bad debt taken from the decentralized Mango Markets crypto exchange to bail out a large investor earlier this year. It also appears to be holding $100 million worth of tokens as a ransom. The robbery occurred around 6:00 pm New York time on Tuesday, when the attackers artificially propped up the price of the Mango token and used unrealized profits to borrow and withdraw various cryptocurrencies from the platform.

The Decentralized Autonomous Organization (DAO) overseeing the project froze the program shortly after. on thursday Dao “We plan to refund as much as possible with the DAO’s Treasury (subject to vote) and recoverable tokens,” he said on Twitter.hacker last week Stall Estimated $100M to $110M from BNB on Binance
Smart Chain (BSC).


BlockTower, a Miami-based crypto-focused finance company, announced A previously announced $150 million fund to invest in businesses focused on digital assets. Backers include MassMutual, French investment bank Bpifrance, former Midas List investor Roger Ehrenberg, and Teacher Retirement System of Texas. While other companies have invested hundreds of millions of dollars in just six months, BlockTower has made only 10 investments so far this year, worth about $20 million, and the buy-in price has fallen. But there is still plenty of gunpowder left as other investors have suspended activity in this category. The company aims to write checks between $500,000 and $5 million that can lead or co-lead companies and crypto projects in the early stages, with up to 10% stake in startups or up to 5% stake in token protocols. I am aiming. .

Blockchain 50: Call for 2023 Nominations

Forbes Blockchain 50 list has been documenting institutional adoption of the technology popularized by Bitcoin for four years. Companies on our list since our first roundup in 2019 – often familiar names like Walmart
and Boeing
— Beyond test projects, key parts of our business rely on distributed ledgers to improve efficiency and transparency. Now’s your chance to help find the best winners for next year’s issue. Find companies with a valuation of $1 billion or more, or companies with annual revenues of $1 billion or more that are making meaningful use of technology. read more here.

other place

Coincentre sues Treasury over Tornado cash van [Decrypt]

Stablecoin Issuer Tether
Reduce commercial paper holdings to zero [CoinDesk]

Binance Launches $500 Million Fund To Offer Bitcoin Loans
miner [The Block]


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