Binance Labs Invests in Renzo; Ronin Denies $10 Million Bridge Hack Claims

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Key Highlights:


Market Movements

WLD Hits $9 Amid 38% Daily Surge

Worldcoin's WLD token briefly touched $9 on February 23 before stabilizing at $8.65, marking a 38.88% 24-hour increase. The rally follows Worldcoin's team hinting at upcoming "major announcements" and surpassing 3.5 million registered users.

Ethereum Briefly Dips Below $3,000

After climbing earlier, ETH retreated to $2,997.61 on February 22, narrowing daily gains to 3.08%. Analysts attribute the volatility to profit-taking after recent bullish momentum.

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Security Incident: Ronin Addresses $10M Suspected Theft

Reports emerged on February 23 of a suspected $10 million RON token theft from Ronin Network. Key details:


Investment & Protocol Updates

Binance Labs Backs Renzo

The venture arm announced its investment in Renzo, an EigenLayer-based liquid restaking protocol. Binance co-founder Yi He highlighted Renzo's simplified restaking approach for broader adoption.

StarkWare Adjusts STRK Unlock Schedule

Responding to community feedback, StarkWare revised its early contributor token release plan:


Regulatory & Exchange Developments

PlatformUpdate
KrakenFiles motion to dismiss SEC lawsuit over alleged unregistered operations
FTXCourt approves Anthropic AI stock sale in bankruptcy proceedings
CoinbaseDenies Nigeria access blockage reports despite government restrictions

FAQ: Understanding Recent Events

Q: Was Ronin's bridge actually hacked?
A: No. Ronin confirmed only a private wallet compromise, with bridge infrastructure remaining secure.

Q: How does Renzo's liquid restaking work?
A: It lets users restake ETH via EigenLayer while maintaining liquidity through derivative tokens.

Q: Why adjust STRK's unlock schedule?
A: To prevent market oversaturation and align with long-term ecosystem growth.


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Data accurate as of February 23, 2024. Contains no promotional content or unverified claims.