KelpDAO Thieves: From DAO to DOA, Now Bitcoin’s Newest Whales

And where have these spoils landed? Scattered across over 400 Bitcoin addresses, like breadcrumbs left by a cunning fox, amounting to a tidy sum of 442 BTC ($33 million). Some of these coins, in a twist worthy of a Chekhovian farce, have mingled with funds tied to previous North Korea-linked hacks. Oh, the tangled web we weave! The crypto world, it seems, is a small village after all, where thieves and statesmen alike tread the same digital paths. Tracing these funds? Recovering them? A task as futile as searching for a needle in a haystack-a haystack that moves, shifts, and occasionally explodes.

Bitcoin to $250K? Draper’s Wild Ride Through Crypto Purgatory

In a missive dispatched via the modern oracle of X, Draper reminisces about his baptism by fire into the world of Bitcoin, a journey that began at the humble price of $4, long before the Mt. Gox debacle cast its shadow over the crypto faithful. Yet, like a true believer weathering the storms of doubt, Draper’s conviction only hardened, nourished by the sight of Bitcoin’s real-world utility-a beacon of hope in the unbanked wilderness, a tool for the remittance of funds, and the midwife of economies where none had existed before.

Bitcoin’s Wild Ride: Trump, ETFs, and a Thin Foundation of Hope

Well, shucks, Bitcoin decided to take a little moonlight stroll past $78,000 in the wee hours of April 22, peaking at $78,452. That’s a mighty leap, though I reckon it’s about as stable as a three-legged stool on a rocky riverbank. The volume spike? Bigger than a Missouri riverboat on a Saturday night. And what’s the catalyst for this hullabaloo? None other than Trump’s ceasefire extension with Iran. Seems like the man’s got a knack for moving markets, whether he means to or not.

FTX Sells Cursor Stake for $200K, Misses Billion-Dollar Upside as SpaceX Eyes $60B Move

FTX Sells Cursor Stake for $200K During the FTX bankruptcy proceedings, liquidators sold Alameda Research’s investment in the software developer Anysphere for only $200,000, a decision that now appears to be a significant missed opportunity. Alameda initially invested $200,000 in Anysphere for about 5% ownership. Today, Anysphere (known as Cursor) is highly valued, with SpaceX … Read more

XRP Ledger’s Fortuitous Escape: A Tale of Bridges and Folly

In a missive shared on the 20th of April, Mr. Schwartz elucidated how the denizens of the XRP Ledger ecosystem are shielded from the perils that befell Kelp DAO. This discourse arises amidst the trepidation in the DeFi realm following Kelp DAO’s grievous breach, wherein its bridging infrastructure was compromised, resulting in the pilfering of $292 million in rsETH tokens. These ill-gotten gains were promptly employed as debt collateral on Aave, a lending protocol of some repute.