Backpack Founder Assesses Neo Finance Status Quo: Mutilating Quality Traditional Financial Services, Charging Tedious Fees Yet Failing to Safeguard Investor Interests
BlockBeats News, January 17th, Backpack founder and CEO Armani Ferrante posted on social media, stating that many projects claiming to be the "next generation of Internet finance" are actually severely crippled in functionality, degraded in user experience, higher in fees, and poorer in security. Some tokens are essentially stocks but lack dividends, voting rights, or Securities Investor Protection Corporation (SIPC) insurance. Some projects are essentially banks but do not support direct deposits, check writing, payroll processing, or transfers to accounts held by others. They charge investors multiple layers of fees but provide no investor protection, all while exposing personal data to the world.
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Raydium Old Liquidity Pool Reportedly Exploited, With $1.34 Million Moved to Ethereum and Tornado Cash
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Kalshi Executive Challenges “SBF Backed AI Unicorns” Narrative, Says Leopold Aschenbrenner Was Key Figure
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Pantera Capital Partner: How Tokenization is Restructuring the Private Equity and Early Investment Ecosystem?
New York Proposes Stricter Stablecoin Issuer Rules Aligned With Federal GENIUS Act
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Bitcoin Falls Below 200-Week Moving Average as On-Chain Data Shows Over Half of Supply in Loss
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CFTC Reportedly Plans New Prediction Market Rules Focused on Manipulation Risk and Public Interest Review
The CFTC is reportedly preparing new prediction market rules focused on manipulation risk, public interest review, and retail trader protections.
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Mastercard Launches Agent Pay for AI, Plans to Record AI Agent Payment Authorizations on Polygon
Mastercard launched Agent Pay for AI, a new payment protocol designed to help AI agents make small payments such as pay-per-use access to data and APIs. The system plans to record human-granted AI agent permissions on Polygon, focusing on verifiable authorization, identity, and payment controls.
Curve Deploys Llamalend v2 on Optimism With 250,000 OP Incentives
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Raydium Old Liquidity Pool Reportedly Exploited, With $1.34 Million Moved to Ethereum and Tornado Cash
An old Raydium liquidity pool was reportedly exploited for around $1.34 million in USDC, RAY, and wSOL, with the stolen funds bridged to Ethereum and deposited into Tornado Cash. The incident highlights the tail risks of legacy DeFi pools, old contracts, and cross-chain fund laundering paths.
Kalshi Executive Challenges “SBF Backed AI Unicorns” Narrative, Says Leopold Aschenbrenner Was Key Figure
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New York Proposes Stricter Stablecoin Issuer Rules Aligned With Federal GENIUS Act
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