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NFT Mutant Ape Planet Owner Pleads Guilty in $3 Million Scam

NFT & GameFi

NFT Mutant Ape Planet Owner Pleads Guilty in $3 Million Scam

French programmer Aurelien Michel has pleaded guilty in a U.S. federal court and agreed to pay a $1.4 million fine. The mastermind behind Mutant Ape Planet, a knockoff of the Mutant Ape Yacht Club NFT collection, has officially pleaded guilty in relation to a $3 million rug pull

By Web3 Station 15 Nov 2023
Over 260 Million USD Liquidated as Crypto Market Corrects

Big Cap

Over 260 Million USD Liquidated as Crypto Market Corrects

Bitcoin and leading altcoins have recently experienced a significant correction following days of reaching new highs in 2023. On the evening of November 14th and morning of November 15th, Bitcoin (BTC) dropped from around 36,700 USD to 34,800 USD, accompanied by a surge in selling volume. Previously, the

By Web3 Station 14 Nov 2023
dYdX Chain Enters Beta Mainnet, Partners with Circle for USDC Cross-Chain Transfers

Big Cap

dYdX Chain Enters Beta Mainnet, Partners with Circle for USDC Cross-Chain Transfers

dYdX Chain, based on the Cosmos SDK and affiliated with the dYdX DEX, has transitioned to its beta mainnet phase as of the evening of November 14th (Vietnam time), marking its first live trading following nearly a month of alpha phase stress-testing. According to the dYdX Operations subDAO, 99% of

By Web3 Station 14 Nov 2023
Vitalik Buterin Revives Plasma - Ethereum Scaling Solution Thought to Be Forgotten

Big Cap

Vitalik Buterin Revives Plasma - Ethereum Scaling Solution Thought to Be Forgotten

Ethereum co-founder Vitalik Buterin believes Plasma could complement existing rollup layer-2 solutions to further scale the world's leading blockchain network. Vitalik Buterin Revives Plasma - Ethereum Scaling Solution Thought to Be Forgotten. Image: L2Beat On November 14th, Vitalik Buterin published a new blog post titled "New Applications

By Web3 Station 14 Nov 2023
Footprint: Most GameFi Projects Had Fewer Than 10 Active Users in October

NFT & GameFi

Footprint: Most GameFi Projects Had Fewer Than 10 Active Users in October

A new report from on-chain analytics firm Footprint reveals that among the 2,651 GameFi projects currently available, 1,937 (73%) games had fewer than 10 active users in October. Footprint: Most GameFi Projects Had Fewer Than 10 Active Users in October As of October, Footprint's data shows

By Web3 Station 14 Nov 2023
Disney Partners with Dapper Labs to Launch NFT Platform on Flow Blockchain

NFT & GameFi

Disney Partners with Dapper Labs to Launch NFT Platform on Flow Blockchain

A new NFT platform called Disney Pinnacle will digitalize Disney's vast universe of animated characters and superheroes into the world of NFTs. On the evening of November 14, 2023, it was announced that the world's largest entertainment conglomerate, Disney, has partnered with Dapper Labs, the developer

By Web3 Station 14 Nov 2023
Founding Team of Opyn Resigns Amid Legal Pressures from CFTC

defi

Founding Team of Opyn Resigns Amid Legal Pressures from CFTC

Introduction The founding team of Opyn, a prominent DeFi protocol, has announced their resignation following increased legal pressures from the Commodity Futures Trading Commission (CFTC). CEO's Announcement CEO Zubin Koticha announced on his personal X account that he and co-founder Alexis Gauba have decided to leave the cryptocurrency

By Web3 Station 13 Nov 2023
Ripple (XRP) Falsely Linked to BlackRock ETF, Sees 15% Price Swing

Big Cap

Ripple (XRP) Falsely Linked to BlackRock ETF, Sees 15% Price Swing

Ripple's XRP has experienced volatility, swinging up to 15% due to false rumors linking it to a BlackRock ETF registration. Ripple (XRP) Falsely Linked to BlackRock ETF Early morning on November 14th, the crypto community was abuzz with rumors that Wall Street giant BlackRock was planning to register

By Web3 Station 13 Nov 2023
Market Cap of Tether (USDT) Increases by 4 Billion USD in 3 Weeks

Big Cap

Market Cap of Tether (USDT) Increases by 4 Billion USD in 3 Weeks

Tether (USDT), the leading stablecoin in the cryptocurrency market, continues to strengthen its position amid the current surge by issuing an additional 4 billion USDT in less than a month. Accordingly, after lingering around a market cap of 83 billion USD for nearly 5 months, the circulating supply of Tether

By Web3 Station 13 Nov 2023
Aave Resumes Operations, Ensures No User Funds Were Lost

defi

Aave Resumes Operations, Ensures No User Funds Were Lost

Full Functionality Restored On November 13, Aave announced the full restoration of services for its V2 and V3 versions. The protocol had to temporarily suspend certain lending services on November 5 due to a significant issue. Now, the Aave DAO has approved the resumption of these services across Ethereum (V2)

By Web3 Station 12 Nov 2023
Bitcoin Mining Difficulty Hits New Record High, Rises for 5 Consecutive Cycles

Big Cap

Bitcoin Mining Difficulty Hits New Record High, Rises for 5 Consecutive Cycles

Bitcoin's algorithmic mining difficulty continues to climb, with nearly six months remaining until the next halving event. Bitcoin Mining Difficulty Hits New Record High, Rises for 5 Consecutive Cycles. Photo: Bloomberg In the latest adjustment on the morning of November 13th, Bitcoin's mining algorithm difficulty surged

By Web3 Station 12 Nov 2023
Raft Hacked, Losing $3.3 Million and Causing Stablecoin R to Depeg

defi

Raft Hacked, Losing $3.3 Million and Causing Stablecoin R to Depeg

Incident Details On the night of November 10, DeFi platform Raft was hacked, resulting in the loss of $3.3 million worth of Ethereum (ETH). Interestingly, the hacker seems to have incurred a loss with the stolen funds. The Hack and Its Aftermath On-Chain Analysis: Data reveals that the attacker

By Web3 Station 10 Nov 2023
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