The Initia Foundation has deposited roughly 21,000 INIT to match the VIP bribes on @CabalVIP for this epoch.
💸Bribe Stats💸
- Roughly $550K in bribes on an annualized basis on a $1.8m capital base
- 600% bribe efficiency ($6 in rewards for each dollar in bribes)
💧Cabal Vaults💧
- 80% and 57% APR for sxINIT and USDC-INIT LP on Cabal
- sxINIT has higher absolute APR but requires a lock while the LP has lower APR but no lock and earns trading fees from Enshrined Liquidity

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Bithumb, one of South Korea's largest cryptocurrency exchanges, has just shaken the market with a serious internal incident related to the distribution of rewards...

A Bithumb exchange employee accidentally 'gifted' 2,000 Bitcoin to a user, causing the price of BTC on the exchange to suddenly drop by 10%.

BitMEX co-founder Arthur Hayes wrote that the recent Bitcoin crash may stem from traders' concerns about IBIT (BlackRock) […]
The article, "Arthur Hayes Speculates on BTC Crash Cause: 'Institutional Hedging Operations': IBIT Options Explode $900 Million," was originally published on BlockTempo, the most influential blockchain ABMedia media.

Arthur Hayes speculates that the reason for the BTC crash is "institutional hedging operations": IBIT options saw a surge of $900 million.

Bitcoin ($BTC) has recently gone through a sudden shift on Bithumb, a well-known South Korean crypto exchange. In this respect, the $BTC/KRW trading abruptly plummeted over 10% below the worldwide ave...