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WazirX Sets $12M for Crypto Recovery and Legal Battles Amid $230M Theft
WazirX is dedicating $12M to recover stolen crypto and cover legal expenses after a $230M cyberattack that crippled the exchange back in July. Key points: Massive crypto heist: Hackers stole $230M in July, including $102M in Shiba Inu tokens. $12M war chest: Funds reserved to tackle legal battles and investigations. 30-day legal breathing room: WazirX......
Elon Musk and Tesla Win Dismissal of Dogecoin Market Manipulation Lawsuit
Elon Musk and Tesla have been cleared of accusations of manipulating the Dogecoin market, with a U.S. judge ruling that Musk's statements were not actionable. Key points: Lawsuit dismissed: Judge permanently dismissed the case, blocking any future claims. Investor claims: The lawsuit alleged Musk's tweets inflated Dogecoin's price to benefit his holdings. Judge’s reasoning: Statements......
🥛 OpenSea joins the SEC’s ‘Most Wanted’ list 🚨
Today's edition is brought to you by Caleb & Brown - helping you buy, sell, swap and safely store crypto, 24/7, through your very own personal crypto brokerSign up and meet your personal crypto broker todayGM! This is Milk Road—Thursday vibes are here, and so is the SEC. OpenSea’s on the hot seat, and we’re......
Milk Road PRO AMA #5 – Aug 28, 2024
GM. Welcome to our PRO AMA from August 28, 2024, where we covered:📊 Macro-economic factors and market sentiment💼 Investment strategies and portfolio management💰 Risk management and exit strategies📈 Sector analysis and trends⛓️ Specific projects and cryptocurrency analysisIf you’re a Milk Road PRO member and missed the event, make sure you log in to watch the......
Solana’s BET on DRIFT Outpaces Polymarket with $20M in 24-Hour Trading Volume
BET on DRIFT, a Solana-based prediction market, outpaced Polymarket with $20M in trading volume within 24 hours, raising questions about DRIFT’s ability to maintain this momentum in the fierce prediction market landscape. Key points: BET on DRIFT hits $20M: The platform surpassed Polymarket's $12.4M in single-day trading volume. Solana’s advantages: Leveraging Solana’s low fees, fast......
Binance Launches BNSOL: A New Chapter for Solana Staking?
Binance has teased "BNSOL," sparking speculation about a new staking product for Solana ($SOL) on the platform. Key points: Binance announces $BNSOL: A Liquid Staking Token powered by the decentralized Sanctum protocol. Unlocking liquidity: $BNSOL might allow stakers to unlock liquidity while still earning rewards. Impact on Solana: Binance's entry into Solana staking could boost......
🥛 Sony’s new L2: All hype? Or something more…🤔
Today's edition is brought to you by Exponential.fi – the safe and easy way to earn double-digit yield on your crypto through DeFi.See how you can earn an extra 3% on your BTC!GM. This is the Milk Road, the 'Google Maps of crypto.' (We help you find your way).Here’s what we got for you today:✍️......
OpenSea CEO Confirms SEC Wells Notice, Prepares for Legal Battle Over NFTs as Securities
OpenSea received a Wells Notice from the SEC, indicating potential enforcement action, as the agency views NFTs on the platform as securities. Key points: SEC Wells Notice: OpenSea has been notified of potential legal action, with the SEC classifying NFTs as securities. CEO response: OpenSea CEO Devin Finzer expressed shock at the SEC's broad action......
Donald Trump Launches New $99 NFT Collection Featuring Bitcoin, Superheroes, and Exclusive Perks
Donald Trump unveils his fourth NFT collection, featuring himself in various scenarios like holding Bitcoin and dressed as a superhero. NFTs are priced at $99 each and come with unique perks. Key points: Launch timing: Released 70 days before the 2024 election, Trump’s fourth NFT collection includes 360,000 tokens. Unique art themes: NFTs feature Trump......
TON Blockchain Back Online After Major 7-Hour Outage Caused by DOGS Token Frenzy
TON blockchain went offline for over seven hours due to a surge in transactions caused by the $DOGS memecoin airdrop. The network has since recovered. Key points: 7-Hour outage: TON blockchain halted for over seven hours due to transaction overload. Airdrop impact: A memecoin airdrop caused the network to lose consensus, halting block production. Network......
