Eisenberg Seeks Court Acquittal in Mango Markets Fraud Conviction Case
Avraham “Avi” Eisenberg has submitted a motion for judgment of acquittal in the case against him for offenses associated with the Mango Markets exploit. Eisenberg’s memorandum of law challenges the validity of the jury’s verdicts and requests that the court annul the verdict and grant him his freedom. Requesting a new trial if the previous […]
Nexera Protocol Faces $1.5M Smart Contract Exploit
A smart contract security incident has resulted in the exploitation of the Nexera protocol, resulting in the theft of $1.5 million in digital assets. According to an August 7 X post by Cyvers, Nexera, a decentralized finance (DeFi) protocol that sought to connect DeFi with traditional finance, was compromised for $1.5 million in Nexera (NXRA) […]
AI DApps Take Lead in Thriving Web3 Ecosystem
The decentralized application (DApp) industry is substantially transforming as AI-based DApps assume the lead in the Web3 ecosystem, overtaking gaming. AI DApps currently dominate the market, accounting for an impressive 28% of daily activity, as per DappRadar’s DApp Industry Report for July 2024. AI DApps Overtake Gaming Industry For the first time in over a […]
BlackRock’s ETHA Amasses Nearly $900M Days After Launch
BlackRock’s spot Ether exchange-traded fund, also known as ETHA, has increased in its total inflows to about $869.8 million since its launch on July 23. Investors sought to capitalize on Ether’s 18% price decline on August 5, marking the third-largest flow day for the iShares Ethereum Trust, according to Farside Investors. According to Nate Geraci, […]
Mox Bank Launches Crypto Exchange-traded Fund Trading
Mox Bank, a Hong Kong-based virtual bank, has launched crypto exchange-traded fund (ETF) trading for its clients and is considering spot trading options. Mox, a virtual bank subsidiary of Standard Chartered, announced the launch of a crypto ETF service on August 7. This made it the first bank to offer direct trading of spot Bitcoin […]