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U.S.-based mining pools Foundry USA and MARA Pool played a significant role, collectively mining more than 38.5% of all Bitcoin blocks.
XRP is slightly in the red today, though.
Quick Take The overall value of major gaming and Layer 2 projects declined in 2024, according to GMCI’s price indices, while other sectors—including Layer 1 tokens, memecoins, DePIN, and more—made gains. However, the gaming index doesn’t include TON, which grew over 100% this year as Telegram-based crypto games exploded in popularity.
The T3 Financial Crime Unit has reached a milestone, having frozen more than $100 million in criminal assets globally.
Quick Take Ripple CEO Brad Garlinghouse said that 75% of Ripple’s open job positions are based in the U.S. due to optimism for Donald Trump’s incoming administration. Crypto proponent Trump has promised to build a national bitcoin reserve and make the U.S. the “crypto capital” of the world.
- 03:56Loopscale Releases Post-Hack Report: All Funds Recovered, Refinancing Function to Restart SoonLoopscale released a post-hack report, disclosing that hackers exploited a pricing logic vulnerability in the protocol, leading to the unauthorized outflow of 5,726,724.97 USDC and 1,211.4 SOL from the USDC and SOL Genesis vaults. All funds have now been recovered. Loopscale added that the full protocol functionality will be re-enabled in phases, with the refinancing feature set to restart soon. The grace period will be extended by 3 days, providing borrowers with the opportunity to repay or close positions. Borrowers are advised to monitor their positions in case of interest rate changes or liquidity tightening. Additionally, balances of Vault or Advanced Lend depositors from April 26 to June 7 will receive a 12x points boost.
- 03:56Registration Open for Bitget's Second VIP Trading Competition with a Total Prize Pool of 100,000 USDTThe second Bitget VIP Trading King Competition is now officially open for registration. As a regular incentive mechanism launched by the platform for professional trading users, this event will last until May 23, 2024 (UTC+8). This competition has a total prize pool of 100,000 USDT, with a maximum individual reward of 10,000 USDT. Participants must click the "Register" button on the event page to complete the registration before they can participate in the ranking and reward selection. Detailed rules have been published on the official Bitget platform.
- 03:48Microsoft publicly bans employees from using DeepSeek for the first timeBrad Smith, Vice Chair and President of Microsoft, stated at a U.S. Senate hearing that an internal ban has been issued prohibiting all employees from using the DeepSeek application (including desktop/mobile versions). Although DeepSeek is an open-source model that companies can deploy themselves to prevent data backflow, Microsoft pointed out that it still poses risks of "spreading propaganda content or generating unsafe code." It is noteworthy that Microsoft has not completely banned competing products (such as Perplexity) in the Windows App Store, but Google-related applications (including Gemini) have quietly disappeared. (TechCrunch)