Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readFeb 6, 2024

30th January — 6th February

▫️ Crypto funds experience $700 million of inflows as the impact of GBTC continues to diminish.

▫️ February will witness $800 million of unlocks from various platforms including Avalanche, Optimism, and Aptos.

▫️ Haru Invest executives in South Korea are arrested under an $826 million embezzlement allegation.

▫️ US SEC Commissioner Peirce dissents against a gag rule.

▫️ The US Department of Justice (DoJ) and SEC charge HyperFund with a $1.9 billion fraud scheme.

▫️ ERC1271, a signature validation standard for contracts, faces a replay disclosure vulnerability.

▫️ Abracadabra’s Magic Internet Money experiences a $6.5 million exploit due to a rounding error.

▫️ Cloudflare experiences a November security incident due to compromised tokens and credentials from Okta that hadn’t been rotated.

▫️ Epic Games announces the listing of a Call of Duty-style crypto video game called ‘Shrapnel’.

▫️ ENS collaborates with GoDaddy to link web domains with blockchain names.

▫️ Superstate introduces its first product, an Ethereum-based tokenized fund, exclusively for US-qualified purchasers.

▫️ Horswap is launched, offering a Uniswap frontend without censorship or interface fees.

▫️ Daily active users on the Optimism-based social protocol Farcaster have increased nearly tenfold since the launch of Frames.

▫️ Pike, a project, goes live on the mainnet.

▫️ Portal, a Bitcoin-based DEX, secures $34 million in seed funding.

▫️ Tether and Solana’s Yakovenko participate in a $25 million round for crypto payments firm Oobit.

▫️ Nibiru Chain secures $12 million to fuel its developer-focused L1 blockchain.

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