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DOGINAL

The Crypto Catch-Up…

Snacks / Friday, January 26, 2024

⚖️ Judgy… Terraform Labs, the biz whose 2022 algo-stablecoin implosion vaporized $40B in investor value and helped kick off crypto winter, filed for bankruptcy. The move comes as VCs once again dip their toes into stables and the total stablecoin market cap climbs.

🤹‍♀️ Quirky… A crypto developer put a playable version of the ’90s smash-hit computer game “Doom” on the dogecoin blockchain. An adaption of bitcoin’s ordinals protocol, dubbed doginals (really), now lets users store large amounts of data on dogecoin.

🤔 Sus… Hackers stole $1.7B from crypto platforms last year, according to a new report from Chainalysis. That’s more than a 50% drop on the year as DeFi protocols battened down their hatches, though the total # of attacks actually increased.

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