New York Attorney General Letitia James increased the restitution demand from Gemini Trust and Digital Currency Group to $3 billion over alleged fraud with its Gemini Earn product. Initially, the lawsuit sought only $1.1 billion for allegedly swindling investors. This increase comes from additional investors coming forth claiming they had been defrauded. The complaint accuses Gemini of falsely promoting Earn as a highly liquid investment and misleading investors about Genesis Capital's creditworthiness.
Ex-FTX CEO Sam Bankman-Fried is set to be sentenced next month for fraud charges related to the sudden collapse of his crypto exchange. His former customers are looking forward to full reimbursements of their lost funds. The firm's bankruptcy lawyers expect to fully repay its customers following a resurgence in the crypto market and appreciation of FTX's venture investments. Even with ongoing complexities in disbursing the recovered funds, this positive development is a far better outcome than most had expected.
A new token called CellMates is rolling out a hybrid ERC-20 and ERC-721 token that, similarly to ERC404, provides an aspect of fungibility to NFTs, making them tradeable on both NFT marketplaces and DEXs. Unlike ERC404s and other tokens, this approach allows the same NFT to be traded and retain its attributes and rarity. This differs from the reroll technique that ERC404s utilize upon NFT transfer.
Stride, a protocol focused on liquid staking, has successfully launched stTIA, which has quickly become one of Celestia's largest time lock tokens. Stride's unique focus produces high security and uptime, making it the perfect hub for TIA and stTIA. Hyperlane, an adaptable interoperability solution, is used to interact with the modular ecosystem. Stride and Hyperlane's collaboration on this design promises to provide stTIA access to non-IBC chains within the next two months.
This article provides an in-depth analysis of Decentralized Physical Infrastructure Networks (DePIN) and the latest developments in the vertical. It delves into DePIN's conceptual breakdown and its complexities and opportunities and presents case studies on Helium's 5G network and io.net AI/ML. Despite challenges remaining in the space, there is optimism around DePIN's future and its potential to surpass traditional physical infrastructures due to key success factors such as value anchors, token incentives, and strong community engagement.
This article investigates transaction fee market mechanisms (TFMs) and issues on both Ethereum and Solana. It discusses how Ethereum's EIP-1559 fee mechanism could not exactly be ported to Solana due to the different engineering and performance goals of the two blockchains. This led to the development of the Program Rebatable Account Write fees and a proposal for the implementation of per-account local fee markets. Continued research and experimentation are needed to improve the efficiency and user-friendliness of TFMs.
The FTX estate is reportedly planning to sell its subsidiary Digital Custody Inc. to CoinList for $500,000 despite acquiring it for $10 million in 2022. The sale is financed by Terence Culver, the former CEO of Digital Custody. According to FTX's lawyers, the reason for the sale is the company's inability to revive FTX.US, which rendered Digital Custody useless to its business. The deal allows FTX time to find a better offer.
Vitalik Buterin argues that as AI advances, cryptography alone is insufficient in protecting you from losing self-custodied crypto funds. One proposal he lays out, particularly effective for personal interactions, is the use of intricate security questions around shared experiences or information known just to the individuals involved. Pairing such strategies with code words, multiple verification channels, and transaction delays can create a robust, human-friendly security approach suited to this expanding threat.
Criticizing those upset by Sotheby's Ether Rocks descriptions, this thread argues the criticism reveals a lack of conviction in a decentralized future and an unnecessary concern for traditional validation.
This article dives into the latest trend of digital-asset startups replacing token airdrops with opaque loyalty points programs, attracting users and investment despite unclear benefits and potential regulatory risks.
Solana experienced a 5-hour outage last week. This post from the Solana team provides a detailed post-mortem on the event.
Digital ownership varies widely in meaning, encompassing rights to access, use, and control over online purchases, media, and data. This post walks through different definitions of digital ownership and how we should be thinking about it.
Pentagram redesigned Scientific American's masthead - it retained the basic construction of the former logo but is now more space-efficient. Lower contrast between thick and thin strokes provided a bolder mark. Pentagram also updated Scientific American's print edition to improve its readability.
Google's Waze app significantly changed its reporting feature, enhancing the user experience. Users can now easily report road conditions such as traffic, crashes, police activity, and bad weather with streamlined menus and faster submission. However, some options, like roadkill, have been removed.
Swatchbook, a materials marketplace platform, is releasing Remix for Apple Vision Pro to reduce the time-consuming process involved in fashion design drastically. Fashion designers can see their designs in life-size and even walk around them as if they were floating in space. Designers can then select any element of their garment to replace with another material or color to see how it looks without waiting weeks or months for a physical sample.
Ideally, aesthetics and functionality merge seamlessly in digital design, but that isn’t always the case. Whether a project focuses on aesthetics or functionality, the designer’s ultimate goal should always be to create a positive and meaningful experience for the user.
Designers shouldn’t treat their portfolios as an archive of their work, but as a pitch or a proposal. They should avoid deciding which work to showcase in their portfolio when they’re desperately looking for a job because these decisions are made under duress. Instead, they should focus on the pieces of work that will make them stand out.
Metacognition is the process of thinking about one's thought processes. This is a crucial skill for designers as it enables them to evaluate their designs critically, identify knowledge gaps, and adapt their creative approaches. Cornell University's "Multi-Self" tool provides real-time biofeedback on designers' emotional states based on their neural data. Externalizing this typically internal information should lead to valuable self-reflection and expanded creative exploration.
2024.02.12·uxpsychology.substack.com·7 min read·TLDR Design A daily updated gallery of beautiful websites, digital products, and tools in the industry.
Figicon is a collection of thousands of free minimal and pixel-perfect Figma icons for your projects.
Easily convert images into vector layers directly in Figma.
Under the leadership of ex-Apple executive and Brilliant Labs CEO Bobak Tavangar, Frame has introduced what it calls a paradigm shift in daily living. Weighing only 39 grams, Frame is manufactured using engineering-grade nylon plastic for comfort and durability. It features a high-resolution vivid display with 3,000 nits of brightness, a front-facing spatial camera, and an integrated microphone.
A design system stabilizer is a measure of trust and respect earned through collaboration with your team. Over time, a successful system can only be maintained and evolved based on authority, value, and tradition.
Air India opted to sideline historical nuances in its rebranding to position the airline within the global market. The airline sought to modernize its image while appealing to a broader, global audience, potentially at the cost of some cultural distinctions.
The 10 best logo redesigns for 2023 came from Bolt, Nickelodeon, Sundance, Mozilla Thunderbird, Hodder and Stoughton, Jell-O, Nokia, 7Up, Burberry, and Pepsi.
Monotype's 4th annual Type Trends report lists ten trends shaping the arts and culture this year. Among its highlights are AI-inspired surrealism, the resurgence of 90s and Y2K aesthetics, and more.
The Chartered Institute of Building has revealed the winners of its architectural photography competition. Out of 1,500 submissions, only 15 images were advanced for further evaluation.
New Miami resident Jeff Bezos sold nearly 12 million Amazon shares for a total of more than $2 billion in his first stock sale since 2021. Where’s he planning to invest that money?
New public market data reveals software companies leveraging AI are achieving significantly higher trading multiples and growth projections than non-AI peers – a valuation gap likely to permeate private markets in 2023-2024.
Thanks to the AI boom, NVIDIA's market cap has reached $1.7 trillion, equivalent to the combined market cap of all Chinese firms listed on the Hong Kong Stock Exchange.
Grant Lee, the founder of Gamma, recounts scaling from 0 to 10 million users in just 9 months. In this article, he shares 8 keys to their massive growth detailing the scramble to handle hockey stick adoption while maintaining positive cash flow.
Start with the question “How are you?” and simply listen to the response. You’ll be able to get a read on what’s bothering them, allowing you to bucket the response into updates, events, or disasters and then plan the rest of the time together accordingly.
Building a startup is hard, and often you’ll feel like you’re in a bit of a rut. Here are some simple things to consider deploying in order to get yourself back in the fight.
Transform your stats into captivating animated GIFs.
Build press mentions through AI.
Free pixel-perfect Figma icons.
Are RTO policies working? According to this report, the answer is no. Only 16% of surveyed organizations remain exclusively in office, highlighting a substantial shift towards flexible work models.
Ever wondered how OpenAI is able to innovate and build at such a fast pace? In this podcast, Logan Kilpatrick, OpenAI's head of developer relations, discusses OpenAI's unique culture, the importance of high agency and urgency, and OpenAI's decision-making framework for launching products.
Over 75% of public market trades (AUM of $1T+) are now driven by data-driven algorithms, a revolution initiated by hedge funds in the 90s. Today, that data-driven approach is rapidly infiltrating venture capital, with projections indicating that over 75% of VC deal reviews will involve AI and data analytics by 2025, transforming how investments are sourced, evaluated, and managed.
Pivots, do they pay off? Jyoti Bansal, founder of AppDynamics (sold for $3.7B) details the three biggest mistakes he made that hindered product-market fit.
This step-by-step framework helps you convert website traffic by writing sticky copy that grabs attention.
Here’s a 5-part thread on how playing the long game, shaping your vision, and building leverage lets you seize control of your startup's capital strategy.
A fake clone of LastPass called LassPass was listed on the Apple App Store. Malicious clones like this rarely make it through Apple’s review process. Apple has confirmed that it has since been removed.
Netcraft has spotted a new phishing campaign that uses compromised SendGrid accounts to phish for new accounts by emailing users that their account had a payment error or other similar issues. The email is sent from a SendGrid account and uses SendGrid’s tracking links to mask the destination. Users are directed to a JsPen link that obfuscates a script tag which loads a JS file from Azure Front Door that is an obfuscated clone of the SendGrid login page.
The support website for Juniper Networks, a networking equipment vendor, was exposing sensitive customer information including device details, warranty status, service contracts, and serial numbers. The data exposure was the result of a recent upgrade to the support portal. Juniper has since fixed the problem and stated that no identifiable or personal customer data was exposed.
This article focuses on overlooked authentication and authorization mechanisms in mobile app front ends.
A blog post from Cycode detailing a supply chain vulnerability that it discovered in Bazel. The post begins with an overview of GitHub Custom Actions and then details how Cycode leveraged a custom action in Bazel to achieve remote code execution. The Bazel project included a custom action that passed the user-controlled issue body directly to a bash shell in the GitHub runner which was vulnerable to command injection.