dorf

🚨ICE DELETES TWEET ABOUT PARTNERSHIP WITH TRADEXYZ ON HYPERLIQUID U.S. PERPS! NYSE parent company @ICE_Markets has deleted its post about the collaboration with @tradexyz, aimed at bringing Hyperliquid perpetual products to the U.S. market. The corresponding post from trade.xyz remains up. Official source is still live: ir.theice.com/press/news-det…

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ATTACKERS REPORTEDLY EXPLOITED ETHEREUM’S EIP-7702 TO DRAIN BINANCE WALLETS On-chain analysis suggests attackers obtained signed authorizations allowing them to install malicious code on Binance-linked wallets without directly accessing their private keys. The attackers then used a function called “sweep” to transfer ETH and dozens of tokens into an attacker-controlled wallet. The same delegated permissions were reportedly used to move another $780 million in USDC from a separate Binance hot wallet. The attacker’s transaction relayer was funded through Tornado Cash, while nearly 195,460 ETH was subsequently transferred to a newly created wallet. How the attackers obtained the authorizations remains unknown. Binance says user funds are safe and is investigating.

Interesting

Intercontinental Exchange (ICE) and trade[XYZ] have announced their plan to use Hyperliquid as the infrastructure layer to deploy perpetual futures markets for US traders across crypto, equities, commodities, foreign exchange, and other real-world assets, subject to regulatory approvals. ICE operates NYSE and some of the largest exchanges and clearing houses globally. In this structure: + Hyperliquid serves as the underlying technology infrastructure via HIP-3* + trade[XYZ] designs and implements the markets + ICE operates the regulated market and clearing structure Existing trade[XYZ] HIP-3 markets will remain unchanged. Hyperliquid is a neutral infrastructure layer with the goal of supporting large parts of the financial system. As with HIP-3, HIP-3* deployers are independent operators who use Hyperliquid as the onchain infrastructure layer for their own markets, while retaining control and responsibility over their deployment.

not officially confirmed, but @TheMarker, israel's main business paper, is reporting that @prlnet's lab raised $130M from lightspeed, ribbit capital, and square peg. $55M in equity and $75M for a fund to build out GPU infrastructure. ribbit and lightspeed are also named as pearl backers on its profile in greenfield partners' disruptors 60 list. if this is real, the $PEARL bear case gets a lot worse. here's why: 1) $PEARL traded on a "no VCs, fair launch" story. pearl's code doesn't allocate tokens to founders or investors, and that part is probably still true. but the lab behind pearl is reportedly VC-backed, and nobody corrected the narrative while it pumped. 2) the value goes to the equity, not the token. the lab sells inference and gets paid in USD, and the VCs own the lab. $PEARL holders don't get any of that revenue, just diluted by new supply. so the investors can do well even if $PEARL goes to zero. 3) it goes against the "sovereignless bitcoin" pitch. part of bitcoin's monetary premium is that no company controls it. pearl's upgrades are drafted by a VC-backed lab, including the FP8 fork that would tie mining more closely to inference, the same business the lab sells. 4) the $75M GPU fund. we don't know if those GPUs mine $PEARL. if they do, the company is collecting a share of ~85% supply growth this year, on top of whatever insiders mined early. remember that about 1/3 of today's supply was mined in the first 6 days. 5) zcash had investors too (20% of its early block rewards went to founders and investors) but that was public from day 1. everyone knew who got paid and how much. pearl hasn't disclosed any of that. holders deserve to know: > who invested > whether any investors or insiders hold $PEARL > whether the GPU fund mines $PEARL a fair launch shouldn't need a newspaper to tell you who's behind it. i was a $PEARL bear on friday. i'm a bigger one now.

crazy how two of the biggest KOLs with the most aura in the trenches managed to lose it all with $ANSEM and $KIMCHI ngl Pumpfun might actually be the main reason crypto is dying we desperately need something else to rotate into this shit is getting embarrassing