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Yuga Labs Resumes Layoffs; CEO Says Web3 Platform ‘Lost Its Way’


According to Greg Solano, co-founder of Yuga Labs, the Web3 platform has laid off additional workers partly because it had “lost its way.” Solano also encouraged employees uninterested in the next phase to consider accepting the same severance package offered to those affected by...

Discord Takes Aim At Bots Mining User Data


Last week, journalist co-op 404 Media reported on Spy Pet, a site that was mining billions of Discord messages from nearly 620 million users and selling access to that data for as little as $5. After investigating the matter, Discord has announced that the accounts connected to that repository have...

Cboe to Wind Down Spot Crypto Trading Platform to Consolidate Services


Exchange operator Cboe announced plans on Thursday to wind down its spot crypto trading platform in the third quarter. Cash-settled Bitcoin and Ether futures contracts will transition to the Cboe Futures Exchange in the first half of 2025, pending approval. The post Cboe to Wind Down Spot Crypto...

Xbox Console Sales Are Tanking


After months of debate about Xbox’s future as some of its big console exclusives jumped ship to PlayStation 5, we have our clearest evidence yet of why Microsoft is experimenting with a new multiplatform approach: fewer and fewer people are buying Xboxes. Read more

Magic Eden introduces a fresh platform for Bitcoin


Magic Eden introduced a fresh platform, Runes Platform, in beta, which allows users to swap for BTC and purchase Runes and Ordinals via their Magic Eden wallets. Additionally, It will come with a Swaps View, enabling users to keep a required BTC amount for spending while purchasing Runes.  Magic...

Only1 Secures $5 Million for Solana-Based OnlyFans Clone


Only1 has raised $5 million in investment funds to build a Web3 “OnlyFans clone” adult content platform on Solana, led by Newman Group. The post Only1 Secures $5 Million for Solana-Based OnlyFans Clone appeared first on Cryptonews

Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds


Hedgey Finance exploits have rocked the DeFi platform, resulting in a $44.7 million loss. Hackers targeted the Token Claim Contract across Ethereum and Arbitrum networks, utilizing flash loans to drain funds. Explore the aftermath, ongoing investigations, and the platform's response to these...

Mango Markets Hacker Found Guilty, Faces 20 Years in Prison: Reuters


Avraham Eisenberg, the notorious Mango Markets hacker, has been found guilty of commodities fraud, manipulation, and wire fraud in a Manhattan federal court. Eisenberg orchestrated a complex scheme to exploit the Solana-based DeFi platform, resulting in the theft of approximately $110 million.  The...

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