Crypto Today (26th Feb 2024): MicroStrategy's X Hacked

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26 Feb 2024

1. MICROSTRATEGY'S X HACKED, SPREADING PHISHING LINKS & STEALING $440K
On the morning of February 26, 2024, someone lost $424,786 worth of $wBAI, $wPOKT, and $CHEX to phishing scams.

2. FUSIONIST PRESENTS ACE ARENA - THE NEWEST CREATION FROM THE FUSIONIST DEVELOPERS

This pixel-style MOBA is web-based and promises a distinct gaming adventure, all powered by unity.
ACE Arena exclusively operates on $ACE as its primary token.

3. ANNOUNCEMENT OF HEROES OF MAVIA (MAVIA) LAYER 2

Heroes of Mavia (MAVIA) is set to reveal their decision on the Layer 2 chain selection at 10:00 PM tomorrow, February 27th. This chosen Layer 2 solution will drive the complete in-game economy and support millions of mobile players within Mavia.

4. PUFFER FINANCE CHAPTER 3 KICKS OFF TODAY

Chapter 3 of Puffy's Crunchy Carrot Campaign commences tomorrow at 8 PM PST (Sunday, 2/25) / 12 PM Monday (Hong Kong Time)! Chapter 2 will end as Chapter 3 begins. The promotion "Deposit 1 stETH to earn 10,000 Puffer Points" will also come to a close with the start of Chapter 3.
Puffer fans, make sure to take action before it's too late!

5. SCHEDULED LAUNCH OF PARCL (PRCL) TOKEN AND AIRDROP IN APRIL 2024

Coming in April, the PRCL Network Token symbolizes a primary step towards the progressive decentralization of the Parcl ecosystem.
Holders of PRCL will be able to participate in governance regarding certain parts of the Parcle Protocol.
Additionally, they will have access to enhanced utility across data and trading, including incentives within the Protocol ecosystem, where eligible.
Initial Distribution Details are as below:

Token Identifier: PRCL
Wen: April
Total Token Supply: 1,000,000,000
Initial Community Supply: 7-8%
Estimated initial PRCL in circulation: 10-12%

They also announce the Proposed Utility:

Governance over certain aspects of the Protocol & dApp
Data functionality: The PRCL token will be used as a gating mechanism for access to high-quality real estate data
Future Protocol incentive programs: Further details is coming soon

The Parcl Foundation will organize and coordinate critical decisions governed by PRCL holders. Also, there are terms & disclaimers are attached. Parcl claims that:

Community members are strongly advised to exercise caution and be wary of potential scams.
Always verify any web pages related to the Parcl Network you visit have the http://parcl.co or http://parcllimited.com domain.
Parcl community representatives will never approach users unsolicited or ask users for personal information.

6. THE 500 ETH-HOLDING RISK BETTING PLATFORM FLEEING - THE FIRST "RUG PULL" PROJECT ON L2 BLAST

User @mooncat2878 reported losing 500 ETH to RiskOnBlast. Below is a comprehensive update on the initial RUG incident.
About a week ago, this user made the decision to invest in numerous opportunities within the @Blast_L2 ecosystem. RiskOnBlast had also formed partnerships with some projects that the user highly respected in the BLAST ecosystem. This seemed like a promising start to him. Following this, he reached out to the team, had discussions, and things seemed positive. Consequently, he decided to invest $12,500 with a Fully Diluted Valuation (FDV) of $625k.
As he continued to research new projects, he noticed that RiskOnBlast was conducting a public sale, as they had previously announced. However, the sale suddenly shifted from a capped sale to an uncapped one, with the message 'we want the people to decide what we are worth'. This change struck him as unusual and seemed like a cash-grab move. Thus, he decided to raise this concern with the team.
The team provided explanations for their actions and the reasons behind them. Essentially, they were aiming to raise approximately $1 million but preferred not to disclose this publicly in their fundraising efforts. This explanation gave him a slightly better understanding of their strategy.
Continuing his research, he discovered that one of the team members had a Pudgy Penguin PFP that belonged to someone else, and that individual had been banned for it. To his understanding, all the teams applying to BLAST were required to have at least one team member KYC-ed (Know Your Customer), although he was uncertain about the strictness of this requirement.
And now, he is trying to get the funds back as good as he can.

7. TOKEN UNLOCKS LATEST NEWS: YGG, OP, DYDX, ZETA HAS OPENED

Here are some updated token news from app Token Unlocks.
- YGG unlocks $9M tokens ~ 5.57% of circulating supply on 02/27
- OP unlocks $88.6M tokens ~ 2.52% of circulating supply on 02/29
- DYDX unlocks $117M tokens ~ 11% of circulating supply on 03/01
- ZETA unlocks $12.3M tokens ~ 2.24% of circulating supply on 03/01
Find out more at: https://token.unlocks.app/
The above are the highlights of today. We hope that through this news, you will have a general overview of the events that have taken place in the crypto market. From there, you can make your own informed investment decisions.