Jonathan retweeted
BREAKING: Cathie Wood says SpaceX is severely undervalued.
SpaceX brings together AI, robotics and energy storage. But traditional space, cloud and AI analysts work separately, making it harder to understand how these technologies strengthen one another.
Wood says firms are now assigning teams of analysts to SpaceX. As they collaborate and compare notes, she expects that undervaluation to clear up.
Jonathan retweeted
Finally understood the reason why Elon doesn't like CZ. Bud asked him why customers weren't able to withdraw Dogecoin from Binance and CZ tried to be cocky☠️
Jonathan retweeted
JUST IN: 🇺🇸 CFTC proposes new regulations for crypto exchanges to strengthen security against cyberattacks.
Jonathan retweeted
Yesterday, hackers stole more than $6 billion from Binance in less than 4 hours, the biggest heist in history. The Clarity Act would have given crypto firms legal cover to freeze suspicious transactions the instant law enforcement calls. Every minute lost is money gone for good.
Jonathan retweeted
JUST IN: 🇺🇸 US Secret Service is working with Circle to identify, freeze, and recover funds stolen from Binance.
Jonathan retweeted
Binance has committed its own balance sheet to making customers whole. I expect it to deliver. Our industry will learn from this incident, strengthen security, and emerge stronger and more resilient.
Binance has begun recovering affected assets for users and continues to work with law enforcement, issuers, blockchain intelligence firms and industry partners to trace, freeze and recover additional funds.
The company has already publicly committed to cover losses through company funds in the prior announcement.
Binance has already reserved over $6.34B of company funds to cover this incident. $5B of these funds are already held in the exact token assets that were impacted. We are completing the purchase of the remaining amount by buying token assets through market channels and OTC channels. We are doing this to match the format of the remaining token assets and address any asset shortfalls. This step can take longer because some tokens may have low liquidity and OTC settlement also takes time. We will share more progress as soon as we can.
These figures do not include frozen or protected assets, which remain subject to ongoing recovery and verification. Currently, $3bn has been frozen, with thanks to our industry partners. We are working with partners and law enforcement to recover the frozen assets.We will continue to use company resources to cover confirmed shortfall and will provide further verified updates as recovery efforts progress. Ultimately, all user funds will be verified publicly through our Proof of Reserves.
We will weather this storm. Thank you for the support.
Jonathan retweeted
Cronos just did its first monthly crypto-com-chain:native burn. 1,791,534 CRO gone....
That's about $92K at today's price, all paid for by fees from Ult and Cronos Launch. Small for now, but it's tied to real usage.
How big does the monthly burn need to get before you care? #CROFam
Jonathan retweeted
JUST IN: Cronos burns 1.79M crypto-com-chain:native in its first monthly buyback-and-burn
The Oct. 30 burn removed 1,791,534 CRO (approx. $92,000), funded by Ult app trading fees and Cronos Launch token fees, with all transactions verified on-chain.
Jonathan retweeted
JUST IN: 🇺🇸 Binance says it is working with the FBI and US Secret Service following $6.3 billion crypto hack.
Jonathan retweeted
CRO's first buyback and burn is done. This is the first in a planned monthly programme.
Trading on Ult and token launches on Cronos Launch generate fees. Ult fees are used to buy back CRO and Cronos Launch fees are unwrapped, and all of it is burned onchain.
Burned: 1,791,534.14 CRO
Tx: explorer.cronos.com/tx/0xda0…
Ult and Cronos Launch went live in September, so this burn covers the first weeks of fees. Each burn will be posted with its transaction, and the amount burned depends on the fees collected that month.
Jonathan retweeted
🚨 UPDATE: Cryptodotcom says it remains unaffected by the Binance attack and is blocking addresses linked to the incident.
Jonathan retweeted
Circle is closely tracking reports of a potential exploit involving Binance. In coordination with law enforcement, we have frozen more than 800M USDC associated with the incident and will continue supporting the investigation.
Jonathan retweeted
Our team is doing everything we can to support in the current situation, including blocking sends to compromised wallets. We've also reached out to Binance to offer our help.
Moments like this call for the industry to work together. Openly sharing any useful information and helping to protect customers should come first, regardless of which platform they use. If you can do anything to help, please do!
Crypto has been through many tough times, and has always come out stronger on the other side. This won’t be any different.
Jonathan retweeted
JUST IN: Coinbase CEO Brain Armstrong says his team is doing everything they can to help following Binance hack.
"Crypto has been through many tough times, and has always come out stronger on the other side. This won't be any different."
Jonathan retweeted
But not @cryptocom
