💻️ $62.5 Million North Korean Hack

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Markets

Fetch.ai, SingularityNET and Ocean Protocol tokens surge amid proposed merger plans (3 minute read)
Fetch.ai, SingularityNET, and Ocean Protocol are shaking things up big time in the AI Crypto space. They're planning to merge their tokens and form a Artificial Superintelligence Alliance. If this goes through, we're talking about an ASI token with a whopping $7.5 billion value.

This isn't just a 'maybe' - the market's already buzzing with excitement. Fetch.ai's token (FET) jumped 15%, SingularityNET's (AGIX) rose 12%, and Ocean Protocol's (OCEAN) is the show-stealer with a 36% hike. Why all this fuss? These projects would merge with an aim to build the biggest open-source AI powerhouse.

Novogratz: Macro factors, ‘boomer’ wealth to spur more crypto adoption (3 minute read)
Bitcoin's got itself a new set of cheerleaders, thanks to those ETF approvals, and Galaxy Digital's boss Mike Novogratz is all over it. He's betting big on crypto catching fire, especially with the U.S. debt clock spinning faster than a carnival ride (we're talking over $34 trillion).

Mike sees Bitcoin continuing to soar whilst governments keep playing Monopoly with their finances. The crypto world's still duking it out in a regulatory tug-of-war. And with the Bitcoin halving event on the horizon, this whole scene could get even more interesting

HSBC’s Gold Token Goes Live for Retail Investors in Hong Kong (2 minute read)
HSBC is the first bank to bring blockchain into the retail space, and they're doing it with a bang - by tokenizing gold! This new token is sitting on HSBC's Orion digital assets platform, and you can buy it straight from HSBC Online Banking or their mobile app. But wait, there's more: HSBC isn't just playing around. Last November, they dropped hints about this golden venture as part of a new digital asset custody platform, teaming up with the Swiss crypto custodian Metaco.

Best of Crypto Twitter

Yesterday, a DEFI project called Munchables on the Blast chain was hacked for $62.5 million in the largest profile hack on Blast so far.

It was quickly revealed the hacker was one of the projects developers, likely from North Korea. If you didn’t know, there is a prominent Crypto hacking group based in North Korea which you can read more about here.

In a happy twist to the story, through the work of both ZachXBT and Pacman, the hacker decided to bizarrely return the funds.

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🦑 Kraken - Where we buy crypto with cash / withdraw profit to our bank.

Misc

KuCoin assures user assets remain secure amid US legal challenges (2 minute read)
KuCoin's in hot water. The US Southern District of New York and the Commodity Futures Trading Commission just threw a bunch of criminal and civil allegations their way. KuCoin's brushing it off. On March 26, they hit back with a post saying everything's peachy, their operations are smooth, and user assets? Totally safe.

Their own KuCoin Token (KCS) took a nosedive, dropping 13% to $12.43. Ouch. And there's more. Wu Blockchain, revealed that KuCoin was thinking about throwing in the towel and selling off the exchange in 2023. Why? A criminal probe in the US and a bunch of questions from China.

Vitalik Buterin Questions the Metaverse’s Future (2 minute read)
Vitalik Buterin, the Ethereum co-founder, recently spoke about the Metaverse. Buterin thinks the Metaverse is getting lost in its own hype, seen more as a flashy brand than something you can actually get your hands on. He's calling it out, saying the Metaverse is kind of like a riddle wrapped in an enigma – everyone's buzzing about this virtual world where they can hang out, but nobody really owns it.

Buterin compares it to wanting the benefits of a laptop, but without the actual laptop. It's useful, sure, but it's not quite the 'verse' everyone's dreaming of.

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