Welcome to the first edition of Datawallet Daily for the week. Here are the key stories that are shaping the crypto landscape over the last 24 hours:
- Worldcoin Surges 140% as Wallet App Tops 1M Daily Users
- Buterin Sees AI’s Potential in Tackling Ethereum’s Technical Risk
- FixedFloat Hit by $26.1 Million Bitcoin, Ether Exploit
- Fake Rabby Wallet App Drains Users, Apple Inaction
Worldcoin Surges 140% as Wallet App Tops 1M Daily Users
Worldcoin’s WLD token, co-founded by OpenAI CEO Sam Altman, has seen a remarkable 141% increase in value over the past week, coinciding with its World App surpassing one million daily users. This surge reflects growing interest in the project’s goal to introduce a Universal Basic Income through its native token, distributed in exchange for biometric identity verification.
Despite its innovative approach, Worldcoin faces privacy and regulatory challenges, particularly concerning its eye-scanning devices. Nonetheless, the project’s rapid growth and the broader crypto rally underscore significant market enthusiasm for its unique proposition.
Buterin Sees AI’s Potential in Tackling Ethereum’s Technical Risk
Ethereum co-founder Vitalik Buterin believes AI could address Ethereum’s major technical challenge by detecting hidden bugs in its code. His optimism comes as Ethereum approaches the Dencun upgrade, with AI’s potential highlighted by successful bug detections in experiments by OpenZeppelin using GPT-4.
However, concerns remain about AI’s reliability, with instances of AI inventing non-existent vulnerabilities and potentially introducing more security issues. Despite these challenges, experts like CertiK’s Kang Li view AI as a valuable assistant for coders, enhancing efficiency in code analysis and reverse engineering, albeit with caution advised in its application.
FixedFloat Hit by $26.1 Million Bitcoin, Ether Exploit
Crypto exchange FixedFloat has reportedly been exploited for $26.1 million in Bitcoin and Ethereum, as indicated by unusual on-chain transactions. Following these suspicious fund movements, the exchange has been taken offline for maintenance. Specifically, 409 BTC and 1,728 ETH were moved to unknown addresses, raising concerns about the security of the platform.
Although FixedFloat has acknowledged “minor technical problems,” the full scope of the exploit remains unconfirmed. This incident adds to the challenges faced by the non-custodial exchange, known for supporting the Bitcoin Lightning Network and previously assisting in the recovery of stolen funds from Curve in August 2022.
Fake Rabby Wallet App Drains Users, Apple Inaction
A counterfeit Rabby Wallet app on Apple’s App Store has led to significant financial losses for users, with one reporting a $5,000 scam. Despite being flagged four days prior, the app remains available. The official Rabby team has confirmed that any version of their app on the store is unauthorized, as the genuine app is under review. This incident isn’t isolated; similar fraudulent apps have previously appeared on the App Store. Victims have shared their experiences of asset theft, with one user losing 10% of their portfolio.
Other breaking news
- Pandora ERC-404 Collection Hits $90M Sales, Token Drops 55%
- OpenAI’s Sora Boosts AI Token Rally
- AltLayer Secures $14.4M Round Led by Polychain, Hack VC
- Backpack Hits $1B Volume, Announces Banxa Partnership
- Sui Surpasses Aptos, Cardano in TVL; $310M Inflow in 30 Days
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