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Lending protocol Sonne Finance faces $20 million exploit, pauses markets on Optimism
Lending protocol Sonne Finance faces $20 million exploit, pauses markets on Optimism

The decentralized lending protocol said in a post-mortem report that it suffered an exploit that resulted in losses of $20 million. The team added it’s ready to offer a bounty to the attacker in exchange for return.

The Block·2024/05/15 06:04
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz
Bitcoin Won’t Pump Again Until The Fed Cuts Rates, Says Mike Novogratz

Bitcoin will likely chop between $55,000 and $75,000 until the market gets a “new narrative,” Galaxy’s CEO believes.

Cryptopotato·2024/05/15 00:49
State of Wisconsin’s investment board discloses nearly $100M of BlackRock’s bitcoin ETF
State of Wisconsin’s investment board discloses nearly $100M of BlackRock’s bitcoin ETF

The holdings disclosure is the first from a state investment board

Blockworks·2024/05/15 00:07
High fees, Runes excitement lead to drop in Bitcoin active addresses
High fees, Runes excitement lead to drop in Bitcoin active addresses

Quick Take High fees might have caused the slowdown in Bitcoin active addresses, but it doesn’t appear to be the main culprit. This is an excerpt from The Block’s Data & Insights newsletter.

The Block·2024/05/14 21:58
Flash
11:02
Oman Launches National Bitcoin Mining Pool, Mandates Licensed Miners to Connect
Oman has officially launched a national Bitcoin mining pool and requires all licensed cryptocurrency miners within the country to connect to this unified mining pool. The project is led by the Ministry of Transport, Communications, and Information Technology of Oman, with an initial target hash rate of approximately 10 EH/s.
10:59
Michael Saylor says Bitcoin remains effective
Michael Saylor stated that Bitcoin remains effective. (Bitcoin Archive)
10:59
India's RMZ Group to Expand Data Center Capacity with $35 Billion Investment
BlockBeats news, June 19, according to Reuters, Indian diversified real estate and investment company RMZ plans to expand its data center capacity to 2 to 3 gigawatts over the next five years as part of its $35 billion investment plan, a senior executive said. RMZ, headquartered in Bangalore, currently has a capacity of 250 megawatts. Deepak Chhabria, President of RMZ's infrastructure division, said in an interview that the company is in the final stage of negotiations for three data center projects, which after completion will increase total capacity to above 1 gigawatt. He also added that the company plans to acquire land before the end of this year, which in the future could support about 2 gigawatts of data center capacity. Click the link below to join Beating · Feishu AI News Channel, monitoring global AI news and trends 24/7.
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