🔔 MARKET MOVING NEWS! (17/11/24)
1️⃣ DeFi Protocol Thala Recovers $25 Million Following Successful Hacker Negotiation ☄️
Aptos-based DeFi protocol Thala has reportedly recovered the $25.5 million in tokens that a hacker stole from its liquidity pools on Friday. The protocol worked with theft recovery groups SEAL 911 and Ogle Security Group to negotiate a bug bounty with the hacker. Specifically, the hacker appears to have agreed to a $300,000 bug bounty in exchange for the return of funds.
A member of SEAL 911 said the recovery was surprisingly straightforward after the group made contact with the hacker. He stated,
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2️⃣ Polymarket Whale Loses $3.6 Million On Tyson Bet 🔽
A Polymarket whale, who reportedly made a profit of $11 million betting on Trump's victory, has given up nearly a third of that sum after betting on 58-year-old legend Mike Tyson in Friday night's heavily publicised boxing match between himself and 27-year-old influencer-turned-boxer Jake Paul. Notably, prior to the match, Polymarket displayed Paul's odds of victory at about 63.5%, Tyson's chance of victory at 29.5% and the chance of a draw at 8.5%. The Paul/Tyson prediction market saw $63 million in volume, and the match’s outcome has once again proved the accuracy of the odds displayed on Polymarket.
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3️⃣ Spot Bitcoin ETF Options Are One Step Closer To Going Live ⚡️
The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) reportedly issued a staff advisory on Friday that said ETF options on spot commodity funds are "cleared and settled by the Options Clearing Corporation as the sole issuer of all equity options." Notably, this brings options trading on spot bitcoin exchange-traded funds one step closer to going live.
The CFTC advisory states,
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4️⃣ Chainlink Introduces The 'Chainlink Runtime Environment' Framework ‼️
Decentralised oracle network Chainlink has launched the "Chainlink Runtime Environment" — a standard framework for connecting traditional financial architecture, payment systems, and legacy institutions with blockchain protocols and smart contracts within a unified ecosystem. Chainlink stated that the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL) standard. It will also reportedly supersede the Java Runtime Environment (JRE) architecture. The oracle provider claimed that the ultimate goal behind Chainlink Runtime Environment was to provide a streamlined and efficient user experience.
Source
1️⃣ DeFi Protocol Thala Recovers $25 Million Following Successful Hacker Negotiation ☄️
Aptos-based DeFi protocol Thala has reportedly recovered the $25.5 million in tokens that a hacker stole from its liquidity pools on Friday. The protocol worked with theft recovery groups SEAL 911 and Ogle Security Group to negotiate a bug bounty with the hacker. Specifically, the hacker appears to have agreed to a $300,000 bug bounty in exchange for the return of funds.
A member of SEAL 911 said the recovery was surprisingly straightforward after the group made contact with the hacker. He stated,
[SEAL 911] identified the white hat hacker within minutes (i.e. name, location etc.) due to obvious onchain links. Fortunately, the white hat hacker reached out themselves a little bit later and returned the funds minus a bounty themselves. It was a very easy win in that case, since no real negotiation was needed.
Source
2️⃣ Polymarket Whale Loses $3.6 Million On Tyson Bet 🔽
A Polymarket whale, who reportedly made a profit of $11 million betting on Trump's victory, has given up nearly a third of that sum after betting on 58-year-old legend Mike Tyson in Friday night's heavily publicised boxing match between himself and 27-year-old influencer-turned-boxer Jake Paul. Notably, prior to the match, Polymarket displayed Paul's odds of victory at about 63.5%, Tyson's chance of victory at 29.5% and the chance of a draw at 8.5%. The Paul/Tyson prediction market saw $63 million in volume, and the match’s outcome has once again proved the accuracy of the odds displayed on Polymarket.
Source
3️⃣ Spot Bitcoin ETF Options Are One Step Closer To Going Live ⚡️
The Commodity Futures Trading Commission’s Division of Clearing and Risk (DCR) reportedly issued a staff advisory on Friday that said ETF options on spot commodity funds are "cleared and settled by the Options Clearing Corporation as the sole issuer of all equity options." Notably, this brings options trading on spot bitcoin exchange-traded funds one step closer to going live.
The CFTC advisory states,
[I]n light of relevant precedents in the courts, it is substantially likely these spot commodity ETF shares would be held to be securities. Therefore, DCR’s position is the listing of these shares on SEC-registered national securities exchanges does not implicate the CFTC’s jurisdiction, and therefore, the clearing of these options by OCC would be undertaken in its capacity as a registered clearing agency subject to SEC oversight.
Source
4️⃣ Chainlink Introduces The 'Chainlink Runtime Environment' Framework ‼️
Decentralised oracle network Chainlink has launched the "Chainlink Runtime Environment" — a standard framework for connecting traditional financial architecture, payment systems, and legacy institutions with blockchain protocols and smart contracts within a unified ecosystem. Chainlink stated that the unified Chainlink Runtime Environment will encompass the runtime framework previously established by the Common Business-Oriented Language (COBOL) standard. It will also reportedly supersede the Java Runtime Environment (JRE) architecture. The oracle provider claimed that the ultimate goal behind Chainlink Runtime Environment was to provide a streamlined and efficient user experience.
Source