According to PANews, Chaofan Shou, co-founder of the security firm Fuzzland, announced on the X platform that Vestra DAO has recently been targeted by a hacker attack, which is still ongoing. The attack has already resulted in a loss of $480,000, and there is a possibility of further losses. Shou advises stakeholders to immediately withdraw their stakes and liquidity to mitigate potential damage.

On Dec 04, 2024, 15:04 PM(UTC). According to Binance Market Data, Ethereum has crossed the 3,800 USDT benchmark and is now trading at 3,804.290039 USDT, with a narrowed 5.94% increase in 24 hours.

According to BlockBeats, on December 4, market reports revealed that Meitu, a Chinese technology company, has sold approximately 31,000 Ethereum and 940 Bitcoin. The company announced that it plans to use around 80% of the proceeds from these cryptocurrency sales to pay a special dividend to its shareholders. This move marks a significant shift in Meitu's investment strategy, as the company had previously made headlines for its substantial investments in cryptocurrencies. The decision to liquidate a portion of its digital assets comes amid fluctuating market conditions and reflects Meitu's intention to return value to its investors through dividends. The sale of these cryptocurrencies is expected to have a notable impact on the company's financial statements, given the scale of the assets involved. Meitu's decision to distribute a special dividend using the proceeds from the cryptocurrency sales highlights the company's commitment to shareholder returns. This strategic financial maneuver aligns with the broader trend of companies reassessing their cryptocurrency holdings in response to market volatility and regulatory developments. As the cryptocurrency market continues to evolve, Meitu's actions may influence other firms considering similar strategies to optimize their financial portfolios.

Chaofan Shou, co-founder of security company Fuzzland, said on the X platform: "Vestra DAO has just been hacked and is still ongoing. $480,000 has been lost and more may be lost in the future. It is recommended to withdraw the stake and withdraw liquidity immediately."

OKX market shows that ETH has broken through 3800 USDT and is now at 3801.44 USDT, with a 24-hour increase of 5.94%. (This newsletter is generated by AI)

According to Cointelegraph, asset manager REX Financial has introduced a new exchange-traded fund (ETF) aimed at generating income through options writing on cryptocurrency stocks. Announced on September 18, the REX Crypto Equity Premium Income ETF employs a 'covered call' strategy. This involves holding a portfolio of 25 crypto stocks and writing out-of-the-money options against them to earn income from the options premiums. The ETF's holdings are based on the BITA Crypto Assets & Digital Payments Index, which includes companies involved in crypto mining, trading, custody, blockchain technology development, and digital payment solutions. Greg King, CEO of REX, stated that the fund applies a targeted covered call strategy to some of the most disruptive companies in the crypto sector. The BITA index has seen a return of over 80% this year, partly due to the surge in crypto-related stocks following Donald Trump's victory in the November 5 presidential election. This ETF marks REX's third venture into covered call ETFs, following similar launches for Nasdaq and artificial intelligence stocks. Additionally, REX has previously introduced other crypto-related ETFs, such as the T-REX 2X Long MSTR Daily Target ETF (MSTU), which offers leveraged exposure to MicroStrategy, a well-known Bitcoin buyer. The concept of options involves contracts that provide the right to buy or sell an underlying asset at a predetermined price. Covered calls, in particular, generate income by agreeing to sell an asset at a specific price, earning an upfront premium while potentially forfeiting further gains. The launch of this ETF comes amid a shift in the regulatory landscape in the United States. Following Trump's election, US regulators have shown a more lenient approach towards crypto oversight, with the former president promising to transform the US into the 'world’s crypto capital.' As a result, more than half a dozen proposed cryptocurrency ETFs are awaiting regulatory approval. Industry experts suggest that crypto index ETFs are becoming a significant focus for issuers, following the listing of ETFs holding Bitcoin (BTC) and Ether (ETH) earlier this year. On December 2, Bernstein Research indicated that US ETH ETFs might soon include staking yield features. This development reflects the growing interest and evolving landscape of cryptocurrency investment products.

The founder of the darknet marketplace Hydra, Stanislav Moiseev, has been sentenced to life in prison by a Moscow court for his involvement in a range of criminal activities. The post Founder of Infamous Darknet Marketplace Hydra Sentenced to Life in Prison appeared first on Cryptodnes. source: https://cryptodnes.bg/en/founder-of-infamous-darknet-marketplace-hydra-sentenced-to-life-in-prison/

4일 블록비츠에 따르면, 미국 상장 기업인 KULR은 오늘 이사회가 비트코인을 재무 계획의 주요 자산으로 삼기로 합의했다고 발표했다. 현재 대차 대조표에 1,200만 달러(약 170억원) 이상의 현금을 보유하고 있고 향후 잉여 현금을 예상하고 있는 KULR은, 잉여 현금의 90%를 비트코인에 할당하기로 약속했다. KULR의 비트코인 구매는 시장 역학 및 예상 현금 흐름 요건에 따라 결정될 것이다. 이 회사는 변화하는 ... source: https://coincode.kr/28120

As Bitcoin (BTC) seeks to claim the $100,000 mark, the asset’s historical price movement signals a potential push toward a … Continue reading The post This Bitcoin chart pattern sets a clear path to $140,000 in early 2025 appeared first on Finbold. source: https://finbold.com/this-bitcoin-chart-pattern-sets-a-clear-path-to-140000-in-early-2025/

Meitu sold about 31,000 Ethereum and 940 Bitcoin. The total cash was about $180 million, of which about 80% will be used to pay special dividends. (Jinshi)

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