• Kevin Rose, the founder of the NFT collection Moonbirds, had his personal wallet hacked on January 25, draining it of NFTs worth millions.
• The attack was connected to a malicious signature Rose granted to the attackers via OpenSea’s Seaport protocol.
• The attackers were able to make off with 40 assets, including notable NFTs from projects such as Cool Cats, OnChainMonkeys, Chromie Squiggles, Autoglyphs, QQL Mint Pass, Admit One Pass, and more.

On January 25th, Kevin Rose, the founder of the NFT collection Moonbirds, had his personal wallet hacked, resulting in the loss of NFTs worth millions of dollars. Rose tweeted about the attack and promised to look into the matter, with the attack later being linked to a malicious signature Rose had granted to the attackers via OpenSea’s Seaport protocol.

OpenSea, a Web3 protocol, bills itself as focusing on trading safety and efficiency. It was developed with Solidity Assembly language and is capable of a variety of functions on the Ethereum blockchain, such as filling orders, tipping, filtering, and eliminating redundant transfers. Unfortunately, Rose was the victim of a phishing attack, a cybercrime in which an attacker tries to trick victims into giving away sensitive information, like passwords or credit card numbers, by disguising themselves as a trustworthy source.

The malicious attackers were able to make off with 40 NFTs, including notable ones from projects such as Cool Cats, OnChainMonkeys, Chromie Squiggles, Autoglyphs, QQL Mint Pass, Admit One Pass, and more. Despite being flagged as stolen and reported to OpenSea as such, several of the stolen NFTs have already been resold on the secondary market.

The attack on Rose’s wallet shows that Web3 protocols such as OpenSea are not immune to malicious attacks, and that developers should be cautious when granting access to their wallets. The larger lesson here is that cybersecurity is of paramount importance when dealing with blockchain protocols, and that users should always be mindful of the risks associated with granting access to their wallets.

• Bitcoin and gold have the highest correlation in over a year, with a 93% correlation.
• Gold is on the verge of breaking out to an all-time high, nearing $2k an ounce.
• The correlation between BTC and gold increased after the FTX collapse.

The recent correlation between Bitcoin (BTC) and gold has been a topic of discussion among investors and analysts in the crypto space. Data suggests that the correlation between the two assets has been steadily increasing in the past year, and has recently hit a one-year high of 93%. This comes as gold is on the brink of an all-time high, nearing $2k an ounce.

The correlation between BTC and gold has been a long-standing narrative in the Bitcoin ecosystem. Proponents of the asset often refer to it as „digital gold“ due to its fixed supply and high demand. As such, the two assets have often mirrored each other in terms of price movements and sentiment. This has been especially true in the past year, as the two assets have experienced similar price movements and have had a significant correlation.

However, the correlation between the two assets weakened in early 2021 when the FTX collapse occurred. The crypto derivatives exchange had a significant amount of Bitcoin on its balance sheet, but the incident had nothing to do with BTC itself. After the dust settled from the FTX collapse, the correlation between BTC and gold shot up to its highest level in more than a year.

The recent surge in the correlation between the two assets has come as gold is on the verge of breaking out to an all-time high. The precious metal has been trading near the $2k an ounce level for the past few weeks, and analysts predict that it will soon break through this level. This will be a significant milestone for gold, and could potentially create a positive sentiment around BTC as well.

All in all, the recent surge in the correlation between BTC and gold is a positive sign. As gold nears its all-time high and the correlation between the two assets strengthens, it could be a sign that investors are increasingly viewing Bitcoin as a safe-haven asset, like gold. This could be a positive sign for the future of the asset, and could indicate that Bitcoin is on its way to becoming a mainstream asset.

1. Bitcoin has broken the $21,000 mark and is currently valued at $21,083 with a market cap of $403 billion.
2. Over the past 24 hours, $245 million of shorts have been liquidated and $255 million of Bitcoin was bought on spot markets.
3. The entire crypto market cap is currently at $1.02 trillion and outperformed the stock market today.

Bitcoin is making waves on the market. At 12:59 a.m. UTC on Jan. 14, the crypto asset broke the $21,000 threshold and is currently valued at $21,083 with a market cap of $403 billion. This is a 12% increase from the 24 hours prior, indicating a significant rally over the past several days.

The rising sentiment towards Bitcoin appears to be due to a lack of negative news and the fading of major crises like FTX’s collapse. The round number of $20,000 also serves as a psychological barrier, and as such investors are becoming more optimistic as Bitcoin crosses it.

Not only is Bitcoin doing well, but its performance has also contributed to the overall growth of the crypto market. Over the past 24 hours, $245 million of shorts have been liquidated and $255 million of Bitcoin was bought on spot markets. The entire crypto market cap is now at $1.02 trillion, up 8% from the 24 hours prior and outperforming the stock market today.

It is clear that Bitcoin is leading the way in terms of performance, and its growth is further encouraging investors to see the potential of the crypto space. With Bitcoin breaking the $21,000 barrier, the future of crypto is looking brighter than ever.

• U.S. authorities are seeking out victims of FTX founder and former CEO Sam Bankman-Fried.
• Victim rights are outlined on a web page published by the U.S. Attorney’s Office for the Southern District of New York.
• The former FTX CEO’s last hearing took place on Jan. 3, and his upcoming trial is scheduled for October.

The United States Attorney’s Office for the Southern District of New York has recently released a webpage to victims of Sam Bankman-Fried, the founder and former CEO of FTX. The webpage invites members of the public to contact USANYS-FTXVictims@usdoj.gov with any information related to Bankman-Fried and his fraudulent activities.

In addition to the invitation for victims to contact the Southern District of New York, the webpage also outlines the rights of victims as guaranteed by the U.S. criminal code. These rights include protection from the accused, timely notice of public court proceedings, and the right to be heard in court. Victims are also guaranteed various other rights, such as the right to seek restitution from the accused.

The web page was created as a result of recent court proceedings in which the Southern District of New York asked for the judge’s permission to address FTX users collectively. The sheer size of FTX’s user base, which includes more than one million individuals, made targeted emails unfeasible. The information gathered through the page will likely be used in the ongoing case against Bankman-Fried.

The former FTX CEO’s last hearing took place on Jan. 3, and his upcoming trial is scheduled for October. U.S. Attorney Damian Williams has also asked for any past FTX associates to contact the office with information related to Bankman-Fried and his fraudulent activities.

The Southern District of New York is committed to ensuring justice for victims of Sam Bankman-Fried and FTX. The newly released web page offers victims the opportunity to contact the office with any information, and the rights and protections that are guaranteed to victims of fraud. The office hopes that the information collected will lead to a successful prosecution and provide victims with the justice they deserve.

• Crypto lending firm Vauld has rejected an acquisition offer from its larger competitor, Nexo.
• Vauld co-founder and CEO Darshan Bathija said the company would not accept Nexo’s final proposal.
• Vauld expressed concerns over Nexo’s ability to handle U.S.-based customers and provide an assessment of its solvency.

Crypto lending firm Vauld has officially declared that it will not be acquired by its larger competitor, Nexo. On January 5th, Vauld co-founder and CEO Darshan Bathija sent a private letter to Nexo stating that the company would not accept the final acquisition offer.

The acquisition offer from Nexo has been under consideration since last July, when Vauld filed for bankruptcy after the collapse of Celsius. In the months that followed, Nexo revised its proposal multiple times and sent a final offer just hours before Vauld’s rejection.

Despite this, Vauld was not satisfied with the offer. In the letter of rejection, Bathija wrote that the company “unanimously do[es] not accept [Nexo’s] proposal as it stands” due to the lack of an assessment of Nexo’s solvency and concerns over how Nexo would handle U.S.-based Vauld customers. Nexo had previously stated in December that it would stop serving U.S. residents, which further complicated the situation.

The rejection of the acquisition offer comes as no surprise, as Vauld has long been wary of Nexo’s intentions. In fact, it was one of the primary reasons that Vauld had not accepted the offer in the first place. With this latest rejection, it is clear that Vauld is determined to remain independent and rebuild its business in the aftermath of the Celsius collapse.

Going forward, it is unclear how this latest development will affect the two companies. Nexo’s acquisition offer is no longer on the table, and it remains to be seen if the two firms will be able to come to an agreement in the future. However, it is clear that Vauld is determined to stand on its own, and that it is not interested in being acquired by its larger competitor.