#minutes

Three moderators of the r/CryptoCurrency subreddit sold MOON tokens for $150,000 30 minutes before Reddit officially announced the closure of the blockchain-based Community Points rewards program. Lookonchain believes that insider information was shared with the moderators by Reddit administrators.

The likelihood is high, at 99%, that the interest rate will stay the same. This is because the Federal Reserve is still gauging the effect of the current rate on the economy. Following the decision, there will be a press conference by Jerome Powell 30 minutes later. Given the potential for market shifts from his remarks, traders are advised to hold off on transactions.

Shibarium, the Layer 2 blockchain by Shiba Inu's creators, is back in action. After a temporary shutdown due to scalability issues, the team has reopened withdrawals on its bridge to Ethereum. The pause initially locked millions in user funds and caused community unrest. Now, the mainnet and bridge are fully functional, allowing withdrawals of various assets like SHIB, LEASH, and WETH within 45 minutes to 3 hours. BONE token withdrawals are also back but may take up to 7 days.

The token is already trading on the Bybit exchange as WLD/USDT. The listing on other centralized exchanges is scheduled for later today. In the first minutes of trading, WLD saw a 600% increase.

A memecoin, created just 15 minutes after Charlie Munger’s death, saw an astonishing surge of over 31,000% in its value.

In an episode of the Lex Fridman podcast on September 28th, Mark Zuckerberg and the renowned computer scientist engaged in a one-hour conversation in the metaverse. The entire exchange took place using photorealistic avatars, made possible by Meta’s Quest 3 headsets and noise-canceling headphones. “9 minutes into Lex/Mark metaverse podcast, I forgot I was watching avatars,” fans say. Fridman himself shared his impressions of the challenge of distinguishing Zuckerberg’s avatar from his actual physical presence.

The immense wave of transactions and heightened user activity took Shibarium by surprise, causing some tech glitches, says Shytoshi Kusama, the co-founder of the Shiba Inu ecosystem. He's also quick to debunk the rumors about funds getting stuck in the bridging contracts, terming it as pure FUD. "Although we expected a very busy moment, we never expected THIS much traffic, instantly," reflects Shytoshi Kusama. At its launch, the Shibarium team tackled a load of 160 million computational tasks in a span of about 30 minutes, while anticipating only 400 million within a month.

A user fell victim to a 'Zero Transfer Phishing' scam, losing $20 million USDT. These malicious parties imitated a few characters in the wallet address to deceive the unsuspecting victim. Fortunately, Tether reacted swiftly and froze the assets in just 50 minutes.Always stay vigilant when copying wallet addresses from transaction records.Scammers create custom smart contracts to generate look-alike addresses and dupe potential victims. Correct Address: 0xa7B4BAC8f0f9692e56750aEFB5f6cB5516E90570 Phishing Address: 0xa7Bf48749D2E4aA29e3209879956b9bAa9E90570

On the morning of July 13, Alex Mashinsky, the former CEO of the now-bankrupt crypto lender Celsius, was reportedly arrested. The news broke minutes after the United States Securities and Exchange Commission filed a lawsuit against the crypto lender on the same day. The company’s token dropped 6% upon hearing the news. The former CEO was arrested following an investigation into the company’s collapse. Celsius Network initiated the process of filing for bankruptcy on July 14 of the previous year. Investigators at the Commodity Futures Trading Commission found Mashinsky guilty of breaking numerous U.S. regulations prior to the company’s implosion in 2022. The investigation into the troubled crypto lender began after the New York Attorney General sued Mashinsky on January 5. The lawsuit alleged that the former CEO misled investors and caused billions of dollars in losses.

Looks like we have a new kind of wallet asset theft: taking a picture of the balance screen. A scammer claiming to be an investor stole an entire collection of NFTs worth about $4 million from a Webaverse founder. The fraudster explained that he needed to see the proof of NFTs before signing a partnership agreement. The victim insists that he only showed the scammer the Trust Wallet balance interface. He revealed no seed phrases or private keys. The thief took some pictures of the screen and went out for a smoke. A few minutes later the funds were drained from the wallet, and the potential partner had never returned. The weird story is confirmed by Etherscan. The odd thing is that the theft happened on Nov. 26, but was reported only now. Did the victim hope to wake up one fine day and realize that everything was just a dream?