Debajit
@debajitniloy
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🚨 Top 5 Crypto News of Today
1️⃣
Crypto exchange Bybit suffered a major security breach, with over $1 billion worth of ETH leaving its wallets. In response, Bybit secured 80% of the lost funds through a bridge loan and partnered with liquidity providers to mitigate losses.
2️⃣
Kanye West, who once called crypto a scam preying on fans, is reportedly planning to launch his own token, ‘YZY’.
3️⃣
The SEC is reportedly preparing to drop its lawsuit against Coinbase. If confirmed, this move could signal a shift in regulatory stance.
4️⃣ U.S. Marshals Service Managing Seized Crypto Assets, but Can’t Say How Much
A new report reveals that the U.S. Marshals Service, responsible for handling seized crypto assets, cannot confirm how much it currently holds.
5️⃣ Solana Memecoin Market Faces ‘Crime Capital’ Issues as Users Drop 40%
Solana’s memecoin sector has seen a 40% drop in users, as reports surface of negative capital flow and fraud-related concerns. 0 reply
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We are indeed currently in the process of large changes to EF leadership structure, which has been ongoing for close to a year. Some of this has already been executed on and made public, and some is still in progress.
What we're trying to achieve is primarily the following goals:
* Improve level of technical expertise within EF leadership
* Improve two-way communications and ties between EF leadership and the ecosystem actors, old and new, that it is our role to support: users (individual and institutional), app devs, wallets, L2s
* Bring in fresh talent, improve execution ability and speed
* Become more actively supportive of app builders, and make sure important values and inalienable rights (esp privacy, open source, censorship resistance) are a reality for users including at the app layer
* Continue to increase our use of decentralized and privacy tech and the Ethereum chain, including for payments and treasury management
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