Welcome to the 9th edition of CryptoSpend Roundup, your trusted newsletter for the latest, up-to-date and insightful crypto news. As the crypto landscape continues to evolve at a rapid pace, our mission is to keep you informed about some of the latest developments, market trends, and opportunities.
Before we get into the news, here are the current market prices for our listed currencies:
With that out of the way, let's get into the news!
El Salvador's Bitcoin Holdings Reach Nearly $400 Million as President Bukele Reveals Wallet Address
El Salvador's President Nayib Bukele has revealed that the country now holds over 5,695 BTC, worth approximately $391 million at current prices, in a recent Twitter post. The Bitcoin-loving leader, who made the cryptocurrency legal tender alongside the U.S. dollar in 2021, had previously been opaque about the country's exact holdings. Full article.
SingularityNET, Fetch.ai, and Ocean Protocol Propose $7.5B Token Merger
SingularityNET, Fetch.ai, and Ocean Protocol are in discussions to merge their native tokens (AGIX, FET, and OCEAN) into a new token called ASI, creating a decentralized AI platform with a $7.5 billion valuation. If approved, the companies will collaborate under the "Superintelligence Collective" while maintaining separate operations, with Ben Goertzel as CEO and Humayun Sheikh as chairman. The merger aims to democratize AI development and prevent centralized control, with token prices surging 10-38% following the announcement. Full article.
Tether Ventures into AI, Focusing on Open-Source Models and Industry Standards
Tether, the company behind the USDT stablecoin, has announced its expansion into artificial intelligence, aiming to enhance AI accessibility and efficiency. The company plans to develop open-source, multimodal AI models and establish new industry standards, with a focus on transparency and privacy. Tether's investment in Northern Data Group, a technology company specializing in generative AI cloud platforms, aligns with its vision for the future of AI. Full article.
‘SEAL 911’ team of white hats formed to fight crypto hacks in real time
The Security Alliance (SEAL), a non-profit founded by leading security researcher Samczsun and backed by industry leaders, has launched the SEAL 911 Emergency Hotline, a Telegram channel where a team of vetted white hat hackers can quickly respond to ongoing hacks and vulnerabilities in the crypto ecosystem. Full article.
Munchables NFT Game on Blast Blockchain Exploited for $63M
Munchables, an NFT game on the Blast blockchain, was exploited for $63 million worth of Ether, with the alleged attacker's wallet holding 17,413 ETH. The exploit was reportedly carried out by a North Korean developer hired by the Munchables team, who upgraded the Lock contract with a new one before launch, allowing them to assign themselves a deposited balance of 1,000,000 Ether. Munchables is currently attempting to track the exploiter's movements and stop the transactions. Full article.
And that's a wrap!
That's all for this week's edition of CryptoSpend Roundup. We hope you found the information valuable and that it helps you stay ahead in the ever-changing crypto landscape.
If you have any suggestions or feedback for us, please feel free to reach out to our team :)
Happy CryptoSpending!
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