Global Hive Buzz

The 1993 video game Doom has been launched on the Dogecoin blockchain.

Mini Doge, a developer, has revealed the successful launch of the 1993 game Doom on the Dogecoin blockchain.

Utilizing the Inscriptions technology, Mini Doge inscribed the 1993 Doom game onto the Dogecoin blockchain. The game comes equipped with full-screen mode functionality, which is compatible with a mouse. Interested users can access it through the provided link in the Content section. However, Mini Doge cautioned that the initial boot may take approximately a minute.

The developer employed "inscription" technology for the project, utilizing tokens based on the DRC-20 standard. Upon deploying the client, all data is retrieved directly from the Dogecoin blockchain.

The Socket protocol successfully retrieves two-thirds of the stolen ETH from the hack.

The cross-chain bridge protocol, Socket, has successfully recovered two-thirds of the funds that were drained in a recent hack.

The official X account of the Socket protocol reported the successful recovery of 1,032 Ether (ETH), valued at $2.3 million out of the $3.3 million that was stolen. The protocol will soon unveil a recovery and distribution plan for affected users. Socket expressed gratitude to several on-chain analytics accounts for their assistance in recovering the funds.

On January 16, the attacker exploited a token approval from an Ethereum address ending in 97a5 to carry out the attack. This exploit affected wallets with unlimited approvals to Socket contracts.

A total of 219 users were impacted, resulting in net losses of approximately $3.3 million. However, the cross-chain interoperability protocol swiftly identified and rectified the bug within hours of the exploit. Within 24 hours, the bridge was operational again.

Data reveals that cryptocurrency whales are actively seeking bargains amidst the decline in Bitcoin prices.

Entities holding significant token amounts, known as crypto whales, seem to be capitalizing on the declining Bitcoin (BTC) prices following the recent debut of U.S. spot ETFs. Bitcoin has experienced a nearly 19% drop to $39,770 since the initiation of spot ETF trading in the U.S. on January 11, according to CoinDesk data.

A pseudonymous market analyst and trader, Byzantine General, noted on Sunday that someone on Bitfinex has been consistently executing TWAP buying of Bitcoin for three consecutive days. This has led to Bitfinex trading at a notable premium, with an estimated $50 million spot accumulation during this period.

TWAP, or trade-weighted average price, involves an algorithmic strategy to split large orders over time, aiding traders in minimizing slippage when dealing with substantial transactions. Slippage refers to the difference between the requested price and the actual execution price of a trading order.

The demand during this dip is further underscored by the revived interest in bullish leveraged bets on Bitfinex.

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