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- 🌙 Radiant Capital Loses $50M
🌙 Radiant Capital Loses $50M
Attackers appear to have obtained three out of 11 private keys needed to upgrade the protocol.
Mike Gavela
October 16, 2024
Crypto Roundup - October 16
Radiant Capital has suffered a major $50 million loss due to a blockchain exploit, continuing the troubling trend of high-profile attacks in the DeFi space. In Europe, Italy is planning to increase its capital gains tax on crypto from 26% to 42%, a significant move that could impact the country's crypto landscape. Meanwhile, Donald Trump’s WLFI token sale has fallen dramatically short of its $300 million goal, raising only 4%, highlighting difficulties in attracting investors despite the former president's high profile.
Top Stories
Radiant Capital loses $50M in a blockchain exploit, continuing concerns about security vulnerabilities in DeFi.
Italy plans to raise its capital gains tax on crypto from 26% to 42%, a substantial increase that could affect investors and traders.
Donald Trump’s WLFI token sale falls short of its $300 million goal, reaching only 4% of the target.
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FUNDRAISING
Funding secured 💰
We're excited to announce our $1.7M seed round.
This accelerates our mission to make USDh, the Bitcoin-backed stablecoin, accessible to all.
👇
— Hermetica (@HermeticaFi)
1:33 PM • Oct 16, 2024
We’ve invested in @Lombard_Finance
Lombard is the developer and distributor of LBTC, a security-first Bitcoin liquid staked token that allows both individual holders and large institutions to earn yield on their Bitcoin while leveraging their assets in DeFi.
Read more👇… x.com/i/web/status/1…
— Binance Labs Fund (@BinanceLabs)
2:10 PM • Oct 16, 2024
OTHER HEADLINES
CRYPTO TWITTER (X)
Like clockwork, Bitcoin at the beginning of a bull run:
- We're breaking out of a downward channel as buyers exhaust sellers
- Macros are incredible, liquidity about to flood the market
- Most FUD has been wiped away (Gox, gov coins, FTX etc)Once we break all-time highs,… x.com/i/web/status/1…
— Dan Held (@danheld)
12:56 PM • Oct 16, 2024
Michael Saylor: "We beat every single company in the S&P index using a #Bitcoin strategy."
— TFTC (@TFTC21)
8:19 PM • Oct 16, 2024
OK... we're 20 days out a,nd.... [ checks notes ] Trump is dumping a shitcoin on retail and Kamala is [ double checks notes ] creating a risk-free crypto, but only for black men?!
My lord, we're so f@#$ked! 😂😂😂
— @jason (@Jason)
2:35 AM • Oct 16, 2024
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