The Block
Quick Take Arbitrum and Optimism tokens have recorded significant price rallies over the past month and are trading near their all-time highs. The Arbitrum token reached an all-time high price of $1.83 today before a slight decline — marking a 60% rally over the past month.
Quick Take Bill Lou, CEO and co-founder of Nest Wallet, fell victim to a crypto phishing attack, draining 52 stETH ($125,000). The attack was related to a fake airdrop guide for the new LFG token, which seeks to onboard Ethereum big fee spenders to Solana.
The bitcoin price briefly spiked above $45,800 in the past 24 hours.Short positions were impacted, with over $73 million in bitcoin shorts liquidated.
Quick Take The deal sees the Swiss racing team previously under the Alfa Romeo name become Stake F1 Team Kick Sauber.
Quick Take Orbit Chain’s bridge was reportedly hacked for $81.5 million worth of crypto on Dec. 31.
Quick Take Bitcoin traded above $45,000 at one stage on Tuesday morning in Asia before retreating as investors anticipate a potential spot bitcoin ETF approval in the U.S.
Quick Take FTX’s bankruptcy might take years to resolve, a bankruptcy lawyer says. That’s because of multiple clawback claims where FTX lawyers are trying to recover the money spent by the failed exchange before its bankruptcy.
Quick Take Expectations and intrigue ran high as Worldcoin officially launched in 2023, sparking regulatory scrutiny from various nations. Worldcoin signed up about 2.5 million people despite predicting the project would likely sign up tens of millions during its first year in operation.
Quick Take Orbit Chain’s cross-chain bridge has reportedly been hacked for $81.5 million in cryptocurrencies and stablecoins. The exact nature of the hack is unknown.
Quick Take December 31 is the last day to sell NFTs for a loss in order to offset capital gains in 2023. Various services which help users offload their worthless NFTs have seen a major uptick in traffic over the past few days as the deadline approaches. The IRS’s criminal investigation division is increasingly probing crypto tax evasion related cases, according to Bloomberg.
