Monad Foundation acquired Portal Labs to build payments & stablecoin solutions into its Layer 1 blockchain. Portal CEO Raj Parekh joins Monad as Head of Payments/Stablecoins. Portal will operate as a subsidiary. (The Block) #blockchain #stablecoins #crypto #news

SEC’s Peirce: Tokenized securities are *still* subject to federal laws, even on blockchain. Issuers beware of 3rd-party risks! Some tokens may be security receipts/swaps – caution for retail investors. #crypto #SEC #tokenization #blockchain #news

ZKSpace targeted in suspected attack! ~$4M stolen via BNB Chain & Ethereum, with funds routed through Tornado Cash. ZKSpace’s X account temporarily suspended. Cyvers Alerts reports ~$1.3M converted to ETH & back to Tornado Cash. 🚨 #crypto #blockchain #news

🚨 GMX v1 hack explained: SlowMist found a design flaw where updating short prices *during* trades skewed TVL calculations, letting attackers manipulate GLP pricing. They used a re-entrancy attack via the Keeper function to inflate prices, then profited from arbitrage. 📉 #DeFi #GMX #security #crypto #blockchain #news

Lawsuit filed against Linqto founder William Sarris alleging securities fraud on behalf of retail investors. Claims include undisclosed markups (up to 60%) on private shares of Ripple, Uphold, & Kraken, plus unlicensed sales & misleading exemptions. - via @WuBlockchain & @EleanorTerrett #crypto #blockchain #news

Pumpfun co-founder Alon calls crypto pre-sales "inherently deceptive" & "every pre-sale is a scam," arguing they prioritize team funding & inflated valuations over genuine project value. (March 31, 2024) #crypto #blockchain #news

Sonic Labs’ SonicVM boasts a 6.5x performance boost over Geth, hitting 1300 MGas/s on the Sonic mainnet! 🚀 Gains come from new instruction encoding, optimized hashes & a redesigned scheduler. Rigorous testing – 16B+ cases against 14 Geth versions – ensures compatibility. #Ethereum #SonicVM #crypto #blockchain #news

X CEO Linda Yaccarino is leaving as the platform pivots to an “everything app.” She cites progress in safety, ad trust, & new features like Community Notes & X Money. The move follows a major transformation from Twitter. #crypto #blockchain #news

Mirai Labs CEO discovered a massive “airdrop farm” in Vietnam using 30,000 phones to fraudulently claim crypto airdrops. The operation creates fake on-chain activity & even sells “toolkits” to replicate it globally, bypassing bot detection with unique SIMs & IP masking. (Cointelegraph) #crypto #blockchain #news

Pumpfun’s $PUMP token has a 1T max supply! 🪙 Distribution: 33% ICO ($0.004/token, fully unlocked at launch - 18% private, 15% public), 24% community/ecosystem, 20% team, 13% existing investors & more. #Pumpfun #PUMP #tokenomics #crypto #blockchain #news