The Block
The official X account of Kylian Mbappé appeared to be hacked overnight and used to promote a Solana token with the ticker MBAPPE.The account reportedly made a series of bizarre posts around the same time involving Manchester United, Cristiano Ronaldo and Lionel Messi, among more controversial topics.All the posts have since been deleted.
The crypto industry lost a further $15.1 million in August due to exploits — down 95% month-over-month — according to Immunefi.However, August’s figures still see crypto losses exceed $1.2 billion year-to-date.
Quick Take Quai Network has closed a $5 million strategic funding round. Participants include Cogitent Ventures, MH Ventures, TPC Ventures, Giga Chad Ventures and DexCheck Ventures.
Quick Take The multi-chain infrastructure project has also received funding from investors including One Comma, Kapley Judge and Associated Corporations, and Cyberrock Venture Fund. EMC plans to set aside $5 million in rewards through two stages of incentive programs, with its two-month public testnet incentive program starting on August 17.
Quick Take Peregrine Exploration has announced a $3.6 million funding round co-led by Polychain Capital and Dragonfly. The funds will be used to develop a stablecoin protocol called Level. Level aims to be the first stablecoin protocol backed by restaked dollar tokens.
Quick Take A Foresight News journalist confirmed they took MakerDAO’s original handle on X during its rebrand to Sky.
IREN reported bitcoin mining revenue of $184.1 million in its financial report for the year ending June 30, 2024 — reducing net losses year-over-year.IREN nearly doubled its self-mining capacity from 5.6 EH/s to 10 EH/s during the period, generating a record 4,191 BTC.
Quick Take Donald Trump released the fourth series of NFT trading cards, “Series 4: The America First Collection,” on August 27. The collection has seen over 22,000 Polygon network sales worth more than $2.17 million. These sales represent only 6% of this collection’s total potential supply of 360,000 NFTs.
U.S. spot ether ETFs returned to net inflows following nine days of negative flows.Spot ether ETFs recorded $5.84 million in net inflows on Wednesday, while spot bitcoin ETFs saw $105.19 million leave the funds.
Quick Take Hong Kong has initiated a sandbox for Project Ensemble, a central bank digital currency project that aims to integrate tokenization into the traditional banking industry. Major participants in the sandbox include Bank of China, HSBC, Hang Seng Bank, Standard Chartered Bank, Ant Digital, HashKey, and Microsoft
