Base Founders Accused of Orchestrating Rug Pull for Rug Token, Prompting Strong Community Backlash
**Base Co-Founder Jesse Faces Backlash Over Soulja Boy RUG Token Support**
On December 15, Base co-founder Jesse took to social media to launch a RUG token for notorious rapper Soulja Boy—tied to pump-and-dump schemes—and provide funding support, sparking fierce backlash from the crypto community.
Crypto sleuth ZachXBT questioned: “Why give Soulja Boy a platform to scam new users?”
Back in April 2023, ZachXBT revealed: “Soulja Boy is one of the most shameless promoters in the crypto space. My research found he’s participated in 73 promotions and 16 NFT project launches—many of which were scams.”
Jesse has also called out several meme coins linked to pump-and-dump activity, including the token tied to the “Base is for everyone” event (which surged to a $20 million market cap before crashing 90%) and his personal token “jesse”—dubbed by the community as Base’s most failed fair launch to date. Tokens backed by Jesse typically see short-term speculative spikes but exhibit volat
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Nansen CEO: Still Holding ETH, Community Needs to Be Alarmed, Otherwise Faces Obsolescence in 5 Years
On December 15, Nansen CEO Alex Svanevik took to social media to share his views, stating:
“I love Ethereum—it was my introduction to crypto, and I still hold ETH. But honestly, I can’t stand the current culture of complacency that’s constantly being pushed.”
When people point out areas where Ethereum is falling behind, the typical retort is, “Those metrics are fake,” or “But we have TVL.” Ethereum needs to keep a sense of paranoia. If the community doesn’t grow more vigilant and crisis-aware, Ethereum could be irrelevant by 2030.
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Lighter TGE Debate: TGE Timing and Long-Term Positioning Spark Controversy
Dec 15: Lighter Spurred Heated Crypto Community Debate
The project’s Token Generation Event (TGE) timing, possible ties to Coinbase, and long-term competitiveness vs. Hyperliquid split opinions sharply.
**Bullish Case**
Bulls frame going long on LIGHTER/LIT as a bet on deep partnerships with Coinbase, Robinhood, major VCs, and liquidity funds—locking in compliance and distribution advantages. LIGHTER’s spot on Coinbase’s development roadmap, the CEO’s prior “December TGE” hint, and token contract deployment aligning with typical airdrop windows all reinforce expectations of a year-end “TGE + airdrop.”
**Skeptical Takes**
Critics draw a stark contrast with Hyperliquid (HYPE):
- Hyperliquid’s bull thesis centers on building a full on-chain financial ecosystem outside regulatory frameworks (a long-term narrative).
- Lighter is seen as a “cheaper, more user-friendly trading product” but lacks ecosystem expansion (staking, Gas tokens, LaaS)—with a far smaller Total Addressab
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Opinion: If Bitcoin is compromised by quantum computing, OG will take over Satoshi's holdings
On December 15th, a heated debate erupted on social media over whether quantum computers could potentially hack Satoshi Nakamoto’s Bitcoin wallet and dump its holdings—sparking reactions after YouTuber Josh Otten shared a BTC price chart showing the token plummeting to $3.
Otten argued that if a powerful enough quantum computer stole the roughly 1 million BTC held by Bitcoin’s anonymous founder and dumped it on the market, such a $3 crash could occur.
Longtime Bitcoin hodler Willy Woo pushed back, noting: “Many OGs (original gangsters, early holders) would buy the dip in a flash crash like this. The Bitcoin network would survive, and most BTC wouldn’t face immediate risk.”
He further explained that around 4 million BTC—including Satoshi’s holdings—sit in P2PK (Pay-to-Public-Key) addresses. These addresses expose the full public key when spent on-chain, making them theoretically more vulnerable to quantum attacks.
Woo added that once a wallet’s full public key is revealed on
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Security Firm: North Korean Hackers' "Fake Zoom" Software Attack Has Become a Daily Threat, Stealing Over $300 Million in Assets
December 15th, cybersecurity nonprofit Security Alliance warned it has been detecting dozens of scam attempts daily from North Korean hackers, with the attacks targeting victims via fake Zoom calls.
The scam—tricking victims into downloading malware during fake Zoom calls to steal sensitive data including passwords and private keys—has stolen more than $300 million worth of assets from victims, per security researcher Taylor Monahan.
Here’s how the scam typically unfolds: It starts with a Telegram message from an account often linked to someone the victim “knows.” That familiar connection lowers the victim’s guard. The chat then shifts to an invite to “catch up via Zoom.” Once the call begins, the hacker claims audio issues and sends a supposed “patch file.” Opening the file infects the victim’s device with malware. The hacker then wraps up the fake call with an excuse like “let’s catch up another day.”
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If Ethereum breaks above $3200, the mainstream CEX total short liquidation volume will reach 825 million.
On December 15, Coinglass data indicates that:
- If Ethereum (ETH) breaks above $3,200, total short liquidations across major centralized exchanges (CEXs) will hit $825 million.
- Conversely, if ETH falls below $3,000, total long liquidations on these major CEXs will reach $865 million.
BlockBeats Note: Liquidation charts do not display the exact number or value of contracts scheduled for liquidation. Instead, the bars on these charts reflect the relative importance of each liquidation cluster versus its neighboring clusters—i.e., "liquidation strength."
In short, liquidation charts show how heavily a target price level will be impacted when reached. A taller "liquidation bar" signals a stronger price reaction due to a liquidity cascade at that level.
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