would definitely pay for a service where i can post once for all my onchain/offchain socials and have it not completely destroy impressions
took soooo long to figure out how to post on <hey.xyz> after my wallet got drained from a lil scam - it was hardly any money but when you have zero crypto in a wallet it's really hard to get set up again let alone feeling secure with this wallet and having to migrate followers to a new wallet
Breaking away from the AI sea of sameness
GM . The homie Greg Isenberg wrote a post today about how anyone can be a startup founder with modern technology. I want to challenge that notion and take...
GM. Crypto vibes are higher than they’ve been in two years. The Crypto Fear & Greed Index hit a 2-year high, Bitcoin jumped over $35K for the first time since May 2022, and FTX is considering a comeback.
Are we backkk??????
Today’s Specials:
No FOMO News : Bitcoin jumps over $35K, Crypto Index Hits 2-Year High
No FOMO : An FTX Revival???
AI Intel : Youtube Music Pushing the Envelope
Max’s Gaming Corner : Gaming Funding Still Hot
No FOMO Alpha : $Garbage Launch Day, Wild’s Latest Drop (w/ Presale Access)
After a 30-sec sellout with 'Boys of Summer', another Wildxyz drop coming next week. Saw the teaser art last night and gotta say ... it's b-e-a-utiful 🧑🎨
Presale access code: supernova
Two major @Microsoft AI launches this week as crypto markets remain stagnant. The Fed signaled its intention to keep rates high. The US Senate wants to allow sweatpants in Congress.
With the Roman Empire now trending too, we are pretty bearish on America.
Is crypto centralizing? Major funds are raising 9-figure sums as smaller projects struggle to close their next round. And Bitcoin’s 50% market dominance looks stable as institutions continue to diminish altcoins.
Crypto Gambling Giant ‘Stake’ Faces $41M Hack
The hack was first alerted on Monday, September 4th with some suspicious outflows on ETH, BSC, and Polygon.
Stake later confirmed the hacks and were able to return operations to normal within a few hours. But the damage is clear.
Fast Facts 🏃♂️ 💨
👉 Stake was hacked on September 4, 2023, resulting in the withdrawal of $41.35 million in cryptocurrency. 👉 The hack affected Stake's hot wallets on Ethereum, Binance Smart Chain (BSC), and Polygon. 👉 The stolen funds were converted to ether (ETH) and transferred to several externally owned wallets. 👉 Stake has confirmed the hack and said that it is investigating the incident. 👉 The company has also said that it will reimburse all affected users. 👉 The hack is one of the biggest in the history of crypto gambling. 👉 It is still unclear how the hackers were able to access Stake's hot wallets. 👉 Stake has said that it will increase its security measures to prevent future hacks.
Potential Market Implications 👀
👨⚖️ Increased regulation of crypto gambling 🔐 Increased operational fees to cover the costs of added security measures
The Silver Lining 🤷♂️
With or without overt public interference, companies like Stake will be forced to discover new ways to improve security measures and boost user experience so this doesn’t happen again.
Plus, if bettors are more aware of the risks of crypto gambling with big headlines like this, maybe people will make more informed decisions about where to gamble their money?? Probably not lol.
Read today's full post below...
GM. Some big updates in tech this week that could have a MASSIVE impact on the market through ‘24.
First, a court updated its ruling on Spot Bitcoin ETFs. Big opportunity there. In the private sector, a major exchange launched plans to target the world’s second largest population. In the mainstream world, Elon’s X dips another toe into crypto.
With payment licenses approved in 7 US states, X is also updating their TOS to include employment history and biometric data. Is the X super app a crypto advocate or another Big Tech wolf in sheep’s clothing? 🤔
Without Further Ado. ☕ knuckle cracks ☕ Let’s get into it. Today's newsletter below