SOL Soars 36% as Bonk Memecoin Becomes First Hit of 2023

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SOL Soars 36% As Bonk Memecoin Becomes First Hit of 2023

NFT Marketplace Magic Eden Generated Record Volume In December

By Owen Fernau

Days after dipping below $10 for the first time in almost two years, the Solana blockchain’s SOL token jumped over 18% on Jan. 3. The move came after the token underperformed competing Layer 1s like ETH, BNB, and others earlier in the week — SOL is now up 36.5% on the week, according to The Defiant Terminal.

Read the full story in The Defiant

Crypto Bankruptices

SEC Fires Warning Shot at Binance By Opposing Voyager Deal

SEC Says Binance.US Offers Scant Details on Acquisition of Failed Crypto Lender

By Samuel Haig

In a move that suggests regulators are increasingly wary of Binance, the U.S. Securities and Exchange Commission said Wednesday that the exchange’s American affiliate should not be allowed to make its $1B purchase of Voyager Digital, the failed crypto lender.

Read the full story in The Defiant

Crypto Bankruptcies

Court Rules $4B Of Client Assets to Stay With Celsius

Celsius Earn Customers Deemed Unsecured Creditors

By Aleksandar Gilbert

More than $4B in cryptocurrencies that were deposited in so-called “Earn Accounts” of bankrupt crypto lender Celsius do not belong to the customers that made those deposits, Chief US Bankruptcy Judge Martin Glenn ruled Wednesday.

Read the full story in The Defiant

Opinion

Machine Learning Best Way to Defend Web3 From Exploits

Bedeviled by Hacks and Exploits ML Web3 Should Tap ML to Protect Its Turf — Here’s How

By Christian Seifert

It’s no secret that crypto-centric data breaches have been soaring recently, with this trend likely to increase in the foreseeable future, especially as cybercriminals continue to employ more sophisticated techniques to facilitate their attacks.

To this point, losses emanating from various cryptocurrency hacks surged by approx. 60% over the first seven months of the year, propelled, in large part, by funds being stolen from various decentralized finance (DeFi) protocols.

Read the full op-ed in The Defiant