Protos headlines
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Live Nation doubles CEO pay target despite monopoly ruling
Live Nation last week approved a contract doubling its CEO compensation target to over $60 million per year, despite a federal jury in Manhattan ruling the company and its Ticketmaster subsidiary liable for unlawful monopoly practices. That contrast is notable given that just six months ago, CEO...
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Could Polymarket reveal a crypto token at Token2049?
Polymarket CEO Shayne Coplan has fuelled rumors that the prediction market is about to launch its own token after teasing he may have “a little something to say” at Token2049. Coplan was responding to analysis that showed Polymarket made almost $10 million in revenue this weekend, dwarfing the $2.6...
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Porsche scraps NFT project with floor price down 96%
Porsche has written off its 911 NFT project PIONΞERS CIRCLE, leaving buyers with digital artworks that are down 96%. PIONΞERS CIRCLE gave NFT holders access to various events, awards, and other opportunities that came with purchasing one of the NFTs modelled after the Porsche 911. Porsche didn’t...
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US jobs data revised lower after Fed rate hike
The US Bureau of Labor Statistics (BLS) has slashed job gains it announced in July and August by 60,000. Its earlier, more optimistic numbers were factors in the US Federal Reserve’s interest rate hike on September 16. For the first time in three years, Fed governors made mortgages and credit more...
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Tavus call bot sparks AI scam, psychosis fears
AI firm Tavus claims its new Griffin video call bot has passed the Turing test, sparking fears that it could scam old people and even cause psychosis. Yesterday, in an X post that garnered more than 13 million views, Tavus revealed footage of Griffin realistically talking to company founder,...
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Nike warns of layoffs as stock hits 13-year low
Nike told investors on Thursday to expect layoffs, weaker profitability, and fewer Jordan launches, as its stock crashed to a 13-year low. The sporting apparel titan closed Thursday’s regular trading session at a market capitalization of $53 billion, down from $264 billion at its November 2021...
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NEAR Intents hacked days after freezing stolen Bitget funds
Multichain transaction protocol NEAR Intents halted its services today after it was hacked for $3.8 million via an exploit of its Omni deposit and withdrawal infrastructure. It revealed the security incident today at 2pm GMT+1 and claimed that its services would resume within the hour after it was...
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Strategy has burned through 64% of its STRC rescue fund
Strategy, Michael Saylor’s BTC treasury company, has expended 64% of its once-$2 billion fund to repurchase STRC. After 10 weeks of trying to force its price higher, the company has already spent $1.28 billion and, as of Monday’s filing, had less than $724 million left. STRC was supposed to sustain...
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Burwick Law loses LIBRA lawsuit against Hayden Davis
Burwick Law’s lawsuit against Hayden Davis over the launch of LIBRA and M3M3 has been dismissed by a US judge with prejudice. Judge Jennifer Rochon’s findings were filed on Tuesday. She denied plaintiffs Omar Hurlock and Anuj Mehta leave to file a second amended complaint she called “futile.”...
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MetaMask unstakes $1.4B of ETH after validator rewards stolen
Crypto wallet giant MetaMask has “proactively” initiated the exit of 17,000 affected Ethereum validators, representing a total of over 523,000 staked ETH ($1.4 billion), following a security incident. It stressed that its wallets faced “no immediate threat,” and that the issue was confined to its...
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CHART: Time taken for the average US worker to earn one BTC tops 12 months
It currently takes over one year of full-time work for the average US worker to earn enough money to buy one BTC. But this wasn't always the case. Below is a chart of pre-tax and pre-living expense calculations, assuming an average US private sector employee working full-time using all wages to buy...
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PIMCO US Treasury bond ETF hits all-time low
ZROZ, a PIMCO ETF allocated to US Treasury bond repayments guaranteed by the US government, has lost 16% of its share price this year. It also lost 21% over the past 12 months, 63% over the past five years, and is down 73% from its March 2020 peak. The terrible results for investors are...
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Abracadabra blames hacks for shutdown amid ‘looting’ claims
Embattled DeFi project Abracadabra has proposed “an orderly wind down,” blaming a string of security incidents which leave its stablecoin MIM with “no viable path back to parity.” The vote , set to close Wednesday evening, has received just two votes at the time of writing: 100 million SPELL votes...
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Trump’s AI name change sparks insider domain trading claims
US President Donald Trump’s executive order to rename Artificial Intelligence (AI) as Super Intelligence (SI) was likely used by insiders to make “hundreds of millions of dollars” selling SI domain names in advance. This is according to independent journalist Adam Cochran who spotted a spike in...
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Anthropic’s IPO doubles the price of its own books
Four months ago, accredited investors in Anthropic’s Series H round were able to buy equity in the company at a $965 billion post-money valuation — a figure based on its 2025 book of financials. The company’s new prospectus, leaked this week, however, shows the Claude AI owner preparing a November...
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UK chancellor uses bitcoin to mock Nigel Farage
UK Chancellor of the Exchequer John Healey has compared Nigel Farage’s fiscal policies to a “BTC account” handled by one of the UK’s most financially irresponsible prime ministers. Healey’s jab at the Reform leader during Labour’s 2026 party conference referred to the perceived economic failure of...
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Trump-related American Bitcoin has lost more than 90% of its value
Hut 8-owned BTC mining firm, American Bitcoin, has dramatically underperformed BTC since its reverse merger which allowed it to become publicly listed. American Bitcoin has lost approximately 92% of its value (after accounting for its reverse stock split) since its merger. BTC by comparison has...
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Bill Pulte’s tweet cost FICO shareholders $4 billion
Bill Pulte, Donald Trump’s appointed Federal Housing Finance Agency director who oversees US mortgage giants Fannie Mae and Freddie Mac, has shaved off $4 billion in market cap from credit giant FICO with a single post to X. The government-backed mortgage giants will now price mortgages using...
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Ari Paul says Coinbase lost his $25M, covered up $1B in hacks
BlockTower Capital founder Ari Paul has accused Coinbase of losing $25 million of his company's funds while covering up over $1 billion worth of “massive and repeated hacks.” Paul claims that at least a dozen firms are affected by the alleged cover-up, and that Coinbase “still wouldn’t return our...
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MongoDB CEO quits to join Meta, stock crashes $6 billion behind him
MongoDB CEO CJ Desai resigned at 8:30am yesterday morning to join Meta, abandoning tens of millions of dollars in unvested compensation. MongoDB shareholders lost more than $6 billion in market capitalization within eight hours of his departure. The disastrous sequence of events made it one of the...
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Compound Foundation accused of ‘misappropriating’ DAO funds
DeFi lending protocol Compound Finance has once again found itself embroiled in DAO drama. A Compound community member, username “ugurmersin,” has accused the Compound Foundation of the “misappropriation” of 8.42 million DAI. According to a post on the project’s governance forum, the sum was used...
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Convicted cybercriminal arrested in connection with ShinyHunters group
A 24-year-old convicted cybercriminal was arrested in the Netherlands on September 16 on suspicion of aiding crypto hacking collective ShinyHunters. Krebsonsecurity reports that Pepijn van der Stap was detained by Dutch authorities for questioning in relation to ShinyHunters. Police claim he'll...
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The year’s second-largest XRP hack is spilling over to Bitcoin and Ethereum
The D’CENT wallet hack, the year’s second-largest drain of XRP behind the Bitget crypto exchange hack , has spilled beyond the XRP Ledger onto additional blockchains like Bitcoin, Ethereum, and Stellar. Hackers have drained more than 12.4 million XRP from more than 7,000 D’CENT wallets, still some...
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River has sued Blockstream Services Canada over bitcoin mining services
River Financial, the Peter Thiel- backed BTC brokerage led by CEO Alex Leishman, has sued the Canadian BTC mining services business spun out of Adam Back’s Blockstream. River’s complaint alleges Blockstream Services Canada, which was formerly part of Blockstream Corporation but now merely licenses...
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Ondas investors blame short-sellers, fails-to-deliver
Ondas, a stock at the center of a heated short-selling and manipulation debate , became Wall Street’s most failed-to-deliver security during the most recent SEC reporting period. A failure to deliver occurs when a party responsible for delivering shares to complete a trade doesn't deliver them....
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UsePaid suspends X Money payments after volume spike
Solana-based DeFi protocol UsePaid, which uses X's integrated digital banking service X Money to share token creator fees with users, has paused payments after experiencing “issues” following a spike in volume. UsePaid noted , “Existing balances remain safe and fees will continue to accrue.” It...
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DYORSWAP users tricked into sending 767 ETH to fake bridge contract
Crypto scammers managed to trick DYORSWAP, a multi-chain decentralized exchange, into integrating a spoofed version of upcoming blockchain GIWA over the weekend, leading to losses of $2 million. Over one thousand users eager to be early to a new chain sent a total of 767 ETH to the fake bridge...
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THORChain refuses to block Bitget funds, despite pausing after own hack
DeFi project THORChain has turned down a formal plea to “refuse service” to addresses associated with the recent hack of Bitget, a centralized crypto exchange which lost over $380 million on Thursday night. The decision comes four months after THORChain halted trading after it was hacked for $10...
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Crypto bros are hooked on dopamine shopping
Crypto bros with stagnating portfolios have turned to so-called “dopamine shopping” — pretending to buy luxury goods online — to get their kicks. Emerging in South Korea earlier this year, dopamine shopping involves going through the process of browsing and paying for high ticket items like luxury...
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Bitget’s eighth birthday ends with a $352M hack
Bitget CEO Gracy Chen has acknowledged that North Korea was likely responsible for the crypto exchange’s latest hack that stole roughly $352 million. Substantial withdrawals were spotted from addresses labelled as Bitget hot and cold wallets yesterday, setting off alarm bells across the community....