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Solana-based DePIN io.net CEO claims network was attacked in detailed postmortem
Solana-based DePIN io.net CEO claims network was attacked in detailed postmortem

Quick Take Ahmad Shadid, CEO of Solana-based decentralized compute provider io.net, explained on X how the protocol has been working to expel users from the network who spoofed GPUs in order to farm io.net rewards. Crypto investors had questioned the true numbers of GPUs available on io.net’s platform. Shadid called the attack a “painful lesson” and promised that it would not delay the launch of future releases or the $IO token.

The Block·2024/04/28 22:52
Here’s How Much DYDX Has Evolved Since its Launch
Here’s How Much DYDX Has Evolved Since its Launch

DYDX has become the powerhouse of the layer-1 dYdX blockchain, enabling decentralized governance on the network.

Cryptopotato·2024/04/28 21:31
BlackRock's $IBIT adds Moonpay Chief Legal Officer Lindsey Haswell to fund's board
BlackRock's $IBIT adds Moonpay Chief Legal Officer Lindsey Haswell to fund's board

BlackRock has announced that Moonpay’s top lawyer will join the board of BlackRock’s $IBIT spot Bitcoin ETF, one of the top contenders in the market.Haswell is also a member of the Core blockchain’s founding team.

The Block·2024/04/28 19:22
Flash
12:25
A whale spent 16.55 million USDC to purchase 234,898 SOL.
According to Odaily, as monitored by Lookonchain, 7 hours ago, a whale spent 16.55 million USDC to purchase 234,898 SOL, with an average purchase price of $70.5.
12:10
After the implementation of the comprehensive agreement between the US and Iran to fully reopen the Hormuz Strait, Iraq immediately requested the operators of its five major oil fields to increase production to pre-war levels, with a final goal of surpassing 3 million barrels per day.
Iraqi Ministry of Oil spokesperson Salim Rikabi revealed that returning to high production levels will be a gradual process, with the specific progress depending on actual operational conditions and the arrangements made by buyers to coordinate tanker loading.
12:10
After the US-Iran agreement, Iraq requests oil fields to start increasing production
A document dated June 19 shows that Basra Oil Co. has requested that the Rumaila, West Qurna-1, West Qurna-2, Zubair, and Artawi oil fields increase production to their maximum available capacity. Iraq Ministry of Oil spokesperson Salim Al-Rikabi said that the restoration of output will be gradual and will depend on operational conditions as well as the arrangements buyers make to load tankers.
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