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FriesDAO hacked for $2.3 million in latest Profanity exploit

FriesDAO hacked for $2.3 million in latest Profanity exploit

An unknown attacker stole $2.3 million in tokens from a decentralized autonomous organization called FriesDAO.

The post FriesDAO hacked for $2.3 million in latest Profanity exploit appeared first on The Block.

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Solana-based DEX Serum is considering changes to its DAO governance

These changes will see the introduction of vote locking and DAO-to-DAO interactions to the Serum DAO governance.

The post Solana-based DEX Serum is considering changes to its DAO governance appeared first on The Block.

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Rapid Insights: Censorship on Ethereum

Quick Take:

  • Rapid Insights provide a deeper analysis of the current crypto landscape in a timely fashion.
  • On particularly bad days, over half the blocks produced on the Ethereum Network (post-merge) enforced OFAC sanctions
  • We concretely explain what it means to violate OFAC sanctions and what’s happening with censorship on Ethereum
  • Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research

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Cross-chain swap protocol Thorchain back online after 20-hour outage

Cross-chain swap protocol Thorchain is back online after a software error halted the network for 20 hours.

The post Cross-chain swap protocol Thorchain back online after 20-hour outage appeared first on The Block.

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WisdomTree meets estimates, reveals declining crypto holdings in Q3 earnings

WisdomTree’s crypto holdings have more than halved since the beginning of the year as the crypto winter chill has set in.

The post WisdomTree meets estimates, reveals declining crypto holdings in Q3 earnings appeared first on The Block.

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Analysis of Core Scientific’s Potential Bankruptcy

Quick Take

  • This is part of The Block Research’s Market Commentary series
  • October 28, 2022, Core Scientific filed an 8K announcement with the Securities & Exchange Commission detailing their financial performance concerns
  • Management anticipates running out of cash by the end of 2022, if not sooner 
  • Per today’s filing, Core Scientific will be unable to pay for some of its equipment and debt 
  • Core Scientific joins the list of distressed digital asset firms hampered in 2022 
  • For additional coverage of bankruptcies and financial woes within crypto please refer to The Block Research’s coverage of Celsius and Voyager Digital
  • For additional coverage on digital asset miners please refer to The Block Research’s coverage of Riot, Marathon and Stronghold
  • Disclaimer: This is a market commentary research piece and includes opinionated views from our research team. Nothing contained in this piece constitutes a solicitation, recommendation, endorsement, or offer by The Block Research

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Bitcoin spikes then whipsaws as U.S. PCE data in line with expectations

PCE inflation came in as expected and following a brief spike, bitcoin whipsawed, trading higher than before the release.

The post Bitcoin spikes then whipsaws as U.S. PCE data in line with expectations appeared first on The Block.

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McCain Foods wants young consumers to farm its metaverse potatoes

It’s hoping to educate them about challenges facing the farming community and the benefits of regenerative farming.

The post McCain Foods wants young consumers to farm its metaverse potatoes appeared first on The Block.

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Bitcoin and ether trade lower as correlation to equities wanes

Bitcoin and ether traded lower to close the working week, while U.S. stock futures traded down following more missed earnings from big hitters.

The post Bitcoin and ether trade lower as correlation to equities wanes appeared first on The Block.

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Metaverse platforms to fall under scope of controversial UK Online Safety Bill

UK media regulator Ofcom, Melanie Dawes warned that metaverse platforms like Meta will be subject to the upcoming Online Safety Bill.

The post Metaverse platforms to fall under scope of controversial UK Online Safety Bill appeared first on The Block.

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