Protos headlines
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Suspicious Kalshi bot shuts down amid wash trading claims
A trading bot making cheap uniform trades on a Zohran Mamdani Kalshi market has stopped trading after it raised suspicions that the prediction market was wash trading its perp volume. The wash trading allegations began last weekend when “Beni,” a pseudonymous quant analyst, claimed Kalshi’s 24-hour...
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Bitcoin treasury stocks have gone ice cold
Over the past 18 months, the vast majority of publicly traded companies that pivoted to a BTC treasury strategy have lost money since their initial purchase announcement. Globally, nearly 200 public companies hold BTC, according to monitoring service Bitcoin Treasuries, although most have small...
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Strategy paid $100M extra to buy back the bitcoin it sold
Strategy has spent recent weeks rebuying 5,553 of the BTC it sold over the summer. After selling low in the summer and re-buying high this autumn, the opportunity cost of its roundtrip trade exceeds $100 million. Despite years of promises that he'd never sell, Michael Saylor’s company sold 6,948...
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Paul brothers are investing heavy into gambling, AI, drones, and defense
Infamous entertainers Logan and Jake Paul, who are now making PR stops at the Treasury and the Department of War, are also heavily invested in gambling, AI, drones, and defense contracts, according to the website for their venture capital fund, Anti Fund. Their portfolio includes Anduril, OpenAI,...
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Binance faces second probe over Iran-linked billions
US officials are probing Binance again as they try to uncover whether or not the Dubai-based crypto exchange knowingly allowed Iran-linked trades and violated US sanctions against the country. Bloomberg reported Tuesday that the Manhattan US attorney's office and Justice Department's (DoJ)...
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Crypto-draining FOMO app was available on Apple store for a week
Analysts have urged iPhone users to update their IOS after crypto-stealing malware was discovered in malicious Safari browser links and the FOMO app. SlowMist's Chief Information Security Officer, Shān Zhang, encouraged his followers last Saturday to update to the latest version of IOS following...
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Meet Jev, the AI that claims it can’t hallucinate
Self- proclaimed ChatGPT “co-creator” Diogo Almeida is running a viral marketing campaign for a new AI model, Jev, based on his work on the OpenAI chatbot's core function, Reinforcement Learning from Human Feedback (RLHF). The problem is, he's admitting that his own invention doesn't work well....
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Crypto casinos might get doxxed after Curaçao regulator hacked
Crypto casinos registered in Curaçao face having their sensitive data doxxed after the island's gambling regulator announced last week that it had been hacked. Curaçao became a magnet for online casinos thanks to its relaxed gambling laws under the Curaçao Gaming Authority (CGA). The CGA revealed...
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$2M stolen in triple attack on Fetch.ai, NuNet, and SingularityNET
It’s been a busy weekend for one black hat who stole hundreds of millions of tokens from Fetch.ai, NuNet and SingularityNET, netting around $2.25 million of realized profits. According to a report from Bitquery, however, the nominal value of the tokens minted was several times higher at the time of...
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Justin Sun announces math prize but has no proof of funds
Justin Sun recently announced that his new “Justin Sun Prize” would begin in earnest, with $1 million being offered for those who can solve 66 mathematical problems and verify their proof. The only problem? Sun hasn’t shown any evidence that there’s $66 million in funding for those who are able to...