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The first hack in 2024 | LeoAds contract is live | Tesla under attack

The Daily Leo #411

tengolotodo

Jan 1

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Welcome to The Daily Leo! We pull the best articles in Finances, Crypto news and Hive/Leo into one condensed information-packed space.

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China’s Xiaomi unveils its first EV as it looks to compete with Porsche, Tesla

Automaker giants Tesla and Porsche are going to come under attack from China.

It has been announced that Chinese consumer electronics company Xiaomi are to enter the electric vehicle market with a car model that it has spent more than 10 billion yuan ($1.4 billion) to develop.

Speaking on X social media platform, formerly known as Twitter CEO Lei Jun said their car is known as Xiaomi SU7, and “is in trial production and it will hit the domestic market in a few months”.

He also said it beats Porsche’s Taycan and Tesla’s Model S on acceleration and other metrics

Sam Bankman-Fried will not face a second trial

In a letter filed on Friday night in federal court in Manhattan, United States prosecutors said they are not planning to conduct a second trial against Sam Bankman-Fried.

Allegedly the "strong public interest" in a prompt resolution of their case against the 31-year-old former billionaire outweighed the benefits of a second trial.

Is it that or are there main players who want their crypto back without getting it confiscated!

It seems we shall never know.

Top Analyst Predicts New All-Time Highs for DeFi Altcoin, Says Layer-1 Coins Are Heating Up

Pseudonymous analyst Bluntz told their 234,000 followers on the social media platform X that a bullish divergence just flashed on the four-hour chart of Injective (INJ).

If it was not for the fact that the trader accurately predicted in 2018 the market bottom for BTC we might not want to take notice.

It is not just INJ that Bluntz pumped about!

They are also following the price action of four layer-1 crypto projects SOL, AVAX, SEI, SUI and reckons they’re heating up again.

Cross-chain Orbit Bridge reportedly suffers $82M exploit

Hackers have rung in the new year with the way they were doing things last year as they have appeared to stung a massive $81.7 million hack targeting Orbit Chain’s bridging service.

According to data from blockchain analytics platform Arkham Intelligence, the hackers appear to have made off with a total of $81.68 million in ill-gotten funds.

An interesting point of note is that the Orbit Chain protocol is understood to have strong links to the Klaytn network (KLAY) a modular layer-1 blockchain, so beware if you have been using Orbit to bridge to KLAY.

Player Liquidity: A Key Theme for 2024 in Blockchain Gaming

A recent report from Delphi Digital entitled “The Year Ahead for Gaming 2024” has stated that the infrastructure for Web3 game development is experiencing rapid expansion.

No real shock there really, but what may be more interesting is that Optimism and Starknet have emerged as key players in on-chain crypto gaming infrastructure.

The collective market capitalization of 183 gaming projects has demonstrated relative stability, fluctuating between $4 billion and $7 billion throughout the year.

With potentially 2024 seeing a bull run will we see a return to the boom of gamefi?

The First LeoAds Contract Airdrop to Active LEO POWER Holders and FIRST Evergreen Payout EVER on HIVE

Finally the long awaited LeoAds contract is now live. The pool is buying $LEO:$0.06 tokens on a weekly basis.

On the same day the Evergreen Contract has also gone live.

This means that for the first time on the Hive blockchain it is possible to receive rewards for posts or articles that were posted to the blockchain over 7 days ago.

The Evergreen pool then pays authors based on the article views they get each month across all of their eligible posts.

This is dependant on the article being created and posted using inleo.io frontend.

INLEO.io is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards.

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