OMG NEWS OF THE DAY
Binance Expands Bonk Trading with Zero Fees
In a surprising move, Binance, the world’s largest crypto exchange, has introduced zero-fee trading options for Bonk (BONK), following a staggering 100% surge in its price. Users can now trade BONK against BTC, USDT, and other tokens supported by Binance Convert, with this feature set to enhance the positive sentiment around the Solana-based meme coin.
Yearn.finance’s $1.4M Mishap: Plea for Returns After Multisig Error
Decentralized finance protocol Yearn.finance faced a setback as a multisignature scripting error drained $1.4 million from its treasury. Yearn is urging arbitrage traders who profited from this incident to return a reasonable amount, emphasizing that the affected funds were strictly protocol-owned liquidity, and customer funds remain secure. This mishap prompted Yearn to implement additional safeguards to prevent similar errors in the future.
Source: Etherscan
Casio Ventures into NFTs with Exclusive Virtual G-Shock Collection
Japanese electronics giant Casio has launched a limited-edition set of 2,000 NFT art pieces featuring its iconic G-Shock brand. Owners of these Ethereum NFTs gain exclusive behind-the-scenes experiences, including a tour of the G-Shock Endurance Test Laboratory and a roundtable discussion with designers. Casio aims to deepen engagement with the G-Shock community through this innovative blend of physical and digital realms.
SafeMoon’s Downfall: Chapter 7 Bankruptcy and 50% Token Crash
SafeMoon, the DeFi meme coin, has suffered a significant blow as its parent company, SafeMoon US, LLC, filed for Chapter 7 bankruptcy. The SFM token plummeted by 50% to an all-time low of $0.00003270. This bankruptcy filing follows indictments by the U.S. Department of Justice against SafeMoon executives for a “multi-million dollar international fraud scheme.”
Sotheby’s First-Ever Sale of Bitcoin NFTs Surpasses Expectations
Sotheby’s historic auction of Bitcoin blockchain’s Ordinals inscriptions, featuring the “BitcoinShrooms” collection, exceeded expectations, raking in about $450,000—five times the highest estimates. The auction included three pixelated images, with a mushroom-themed design fetching over $240,000. This success indicates a growing mainstream interest in tradable digital images, especially those tied to Bitcoin’s blockchain.
TWEETS OF THE DAY
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