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- 12/18/23: White Hats Win 🔄❄️💰
12/18/23: White Hats Win 🔄❄️💰
Valko
December 18, 2023
Top News
🔄 0xQuit reverses NFT Trader exploit, returning NFTS to owners
❄️ Avalanche users pay $13.8M in fees for inscriptions over 5 days
💰 Fairshake Super PAC raises $78M for pro-crypto candidates
Specs’ Take
As promised, a short code breakdown of how we were able to reverse exploit NFTs earlier today, and put them back in the hands of their rightful owners.
1/🧵
— quit (👀,🦄) (@0xQuit)
6:14 AM • Dec 17, 2023
⌐◪-◪ → Last week was brutal between the Ledger ConnectKit hack and the NFT Trader exploit that led to over 50+ bored apes getting stolen.
It was so bad that Yuga Labs’ CEO Daniel Alegre and Co-Founder Garga.eth offered to compensate victims in full for their stolen Apes, which would have cost millions of dollars.
Fortunately, 0xQuit + frens saved the day, reversing the exploit using similar methods the hacker originally abused, returning all the apes to their rightful owners. Uno reverse card for the win.
⌐◪-◪ → The ordinals hype train is not slowing down, with Avalanche witnessing massive inscription-related fee spikes, the Arbitrum network encountering a brief inscriptions-related outage, OKX's NFT marketplace surpassing BLUR volume, all driven by inscriptions.
And last but not least, Tap Protocol secured $4.2M for their Ordinals-based development platform.
If you're eager to dive into the Ordinals realm but unsure where to begin, I highly recommend checking out Leonidas on X.
⌐◪-◪ → Five years ago, envisioning crypto discussions in a US Presidential election was unthinkable.
This Super PAC exemplifies crypto's mainstream impact, highlighting its libertarian and freedom-enabling essence.
Despite US regulatory lag, a turning point seems imminent. With prominent politicians' support, Coinbase's battle against the SEC, and substantial investments from major financial players like BlackRock and JPMorgan, we stand at the brink of a transformative moment.
IMO, the US is poised to emerge as a dominant leader, akin to the rise of the internet and Silicon Valley. Brian Armstrong agrees.
Peripheral Vision
⛓️ Crypto & DeFi
BTC sees $33M in outflows after 11-week streak of inflows
Blockchain-based private loans hit $582M, doubling from 2022
BTC miner Hut 8 to develop mining facility for Celsius in Texas
Arbitrum network experiences partial outage due to inscriptions
Masa's Avalanche subnet to power decentralized data marketplace
Tether onboards the FBI and Secret Service to their platform
MilkyWay rolls out Celestia liquid staking protocol on Osmosis
Arweave founder plans fork - which causes some drama
Algorand ecosystem launches fork of Voi network, currently in testnet
Jupiter airdrop set for January with 1B JUP for Solana DeFi users
🏦 Wallstreet & VC
Ordinals-based Tap Protocol raises $4.2 million to develop on Bitcoin
Ark Invest sold $59M Coinbase shares and $15M GBTC last week
Improbable sells gaming venture for $97M
🏛️ Legal & Regulatory
FTX files reorganization plans to end bankruptcy
FTX reportedly sold $500M of crypto in December 2023
Coinbase plans to challenge SEC denial of crypto rulemaking petition
Gary Gensler: SEC is 'taking a new look' at BTC ETF applications
🌎 Rest of the World
Belgium to promote blockchain adoption during EU Council Presidency
The Republic of Suriname is considering a national BTC strategy
🖼️ NFTs & Metaverse
OKX NFT marketplace passes Blur volume amid ordinals frenzy
Major NFT indexes stabilize after massive NFT Trader exploit
Gordon Goner buys first Solana NFT, BoDoggos
/Reach to launch token today, testing new decentralized ad-network
Solana phone selling for $5k on eBay as BONK hype continues