2024-05-28

May 28, 2024

Howdy folks,

💥💰 ETH flash loan exploit hits meme coin NORMIE, slashing its market cap from $41.99M to under $1M.

The hacker has proposed reimbursing NORMIE holders through a fair relaunch, offering to return 90% of siphoned funds if conditions are met. The NORMIE dev team agrees to the deal and plans to relaunch after securing $40M in ETH.

In other news:

🌟🚀 Caitlyn Jenner's new token, $JENNER, launched amid concerns of a scam, reminiscent of Kim Kardashian's 2021 crypto debacle.

Despite fears of a hacked account, Jenner and her manager assert the coin's legitimacy, inviting investors to "send it to the moon." The token quickly reached a $30M market cap, but skepticism persists.

💼🔻 FTX estate sells its last $2.6B in Solana tokens at a steep discount. Figure Markets bought 800,000 SOL for $80M, with a vesting period until 2028.

This sale marks FTX's effort to liquidate assets post-bankruptcy, offering insights into institutional confidence in Solana's long-term potential despite current market risks.

🌍📈 Malaysia plans to establish the world’s first Shariah-compliant blockchain hub in Labuan IBFC. Finance Minister II Datuk Seri Amir Hamzah Azizan announced the hub's aim to enhance the Islamic digital economy.

With a five-year tax exemption for digital players, this initiative positions Malaysia as a global leader in Islamic digital finance.

DailyCoin Daily Meme

Leading Cardano DEX Minswap Pursues Binance Listing to Counter Ecosystem Slump

Cardano's Minswap DEX seeks Binance listing amid ecosystem struggles, unveils V2 launch date with advanced new features.

Normie Hacker Doubles Down on Refund Conditions Post 99% Crash

The Normie hack perpetrator demands specific conditions be met before issuing any refunds to developers.

Red-Hot Memecoin Floki Rallies 24% on Excitement Over Upcoming Major Marketing Campaign

Memecoin Floki soared 24% to lead the top 100 cryptos after unveiling plans for a massive new marketing blitz.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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