In recent developments, Celestia’s co-founder John Adler has introduced a proposal for Proof-of-Governance (PoG) to optimize liquid staking tokens, potentially reducing token issuance from 5% to 0.25%. This initiative is designed to improve the efficiency and security of the Celestia protocol. Meanwhile, the Web3 security firm HashDit has issued a warning about a compromised Cointelegraph website, advising users to refrain from interacting with it until it is secured. In other news, a cryptocurrency address suffered significant losses during a market downturn, liquidating 965 BTC and 12,024 ETH, but has since re-entered the market with a profitable long position. Additionally, an on-chain analyst reported a successful short position that yielded $9.03 million in profits over ten days, highlighting the volatility and opportunities within the cryptocurrency market. These events underscore the dynamic nature of the crypto landscape, where security, governance, and trading strategies are crucial for navigating the challenges and opportunities presented.
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