The Sui Foundation, a nonprofit organization dedicated to promoting creativity and innovation, has announced a new initiative called Play Beyond Games. The initiative aims to explore the potential of interactive media beyond entertainment and education, and to foster new forms of expression, collaboration and social impact. Play Beyond Games will support projects that use game design principles and technologies to address real-world challenges, such as climate change, mental health, civic engagement and more.
The initiative will also provide opportunities for learning, networking and mentoring for aspiring creators and changemakers. The Sui Foundation believes that play is a powerful tool for positive change, and that games can be more than just fun. By supporting Play Beyond Games, the foundation hopes to inspire a new generation of creative thinkers and doers who can use interactive media to make a difference in the world.
The U.S. Securities and Exchange Commission (SEC) is expected to give the green light to multiple bitcoin exchange-traded funds (ETFs) that track the spot price of the cryptocurrency, according to a BlackRock executive. Rick Rieder, who is now the chief investment officer of global fixed income at BlackRock, said in an interview with CNBC that he believes the SEC will approve several bitcoin ETFs at the same time, rather than picking one or two winners. He said this would create a more competitive and efficient market for investors who want exposure to bitcoin without buying it directly.
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A major security breach occurred at Stars Arena, a popular play-to-earn game on the Avalanche blockchain, resulting in the theft of $2.9 million worth of AVAX tokens from the game’s treasury. The attackers exploited a vulnerability in the smart contract that allowed them to withdraw funds without authorization. However, the developers assured that the funds in user wallets were not affected and that they are working on a compensation plan for the affected players. They also said that they have fixed the bug and are taking measures to prevent future attacks.
The latest book by Michael Lewis, the bestselling author of The Big Short and Moneyball, is a scathing expose of the SBF, or the Strategic Brainstorming Force, a secretive group of government officials and consultants who devise and implement risky and controversial policies without proper oversight or accountability. Lewis reveals how the SBF has been behind some of the most disastrous decisions in recent history, such as the botched response to the Covid-19 pandemic, the withdrawal from Afghanistan, and the failed attempt to overthrow the Venezuelan regime.
Lewis also interviews some of the former members of the SBF, who share their stories of how they were recruited, manipulated, and silenced by the powerful and charismatic leader of the group, known only as “The Brain”. The book is a shocking and eye-opening account of how a small clique of unelected and unaccountable experts can shape the fate of millions of people with their hairbrained schemes.
A surprising discovery was made by a former executive of FTX, a leading cryptocurrency exchange platform. The executive, who wished to remain anonymous, revealed that he once stumbled upon several airdrops of tokens worth millions of dollars that the company had received without being aware of them. Airdrops are a way of distributing new tokens to existing holders of a certain cryptocurrency, usually as a marketing strategy or an incentive.
The executive said that he found the airdrops while auditing the company’s wallets and was shocked by the amount of money that was sitting there unnoticed. He added that he informed the CEO of FTX, Sam Bankman-Fried, who decided to donate most of the airdrops to charity.
Ostium Labs, a decentralized exchange (DEX) platform, has announced that it has secured $3.5 million in a seed funding round led by Polychain Capital. The startup aims to offer perpetual swap contracts for commodities such as oil and gold, leveraging blockchain technology and smart contracts. Perpetual swaps are a type of derivative that allow traders to speculate on the price movements of an underlying asset without an expiry date. Ostium Labs claims that its platform will provide lower fees, higher liquidity, and more transparency than traditional exchanges, as well as enable cross-chain interoperability and access to global markets.
