2024 Cryptocurrency NFT News Revealed
Once again, the crypto community's annual meme news has arrived (skipped 2022 because, well, 2022 was just too tough), and this year has brought many remarkable moments that made everyone stand up. Wishing you all a happy new year and continued financial success in 2025.
Renzo's Statistics Graduate
On April 23, the staking project Renzo announced its airdrop rules. In Renzo's initial announcement, the token distribution pie chart resembled a statistics textbook. The allocation to Binance Launchpool and Liquidity, two 2.5% shares, was almost indistinguishable from the 20%, while the "half" at the bottom was 62%. The community bluntly stated that this was "chart crime, no different from tokenomics fraud."

Major S-Named Project Launches Epic Candlestick Chart
After closing the pre-trading session on Binance, a major S-named project officially opened for trading, with a candlestick chart that was momentarily indecipherable as to whether it was a rise or a fall, a rare sight in history.

Project Employs 4 Developers Online, Only to Discover They Are All the Same North Korean Hacker
On March 27, the Blast ecosystem project Munchables was hacked for $62.5 million. According to blockchain detective ZachXBT's investigation, it was because one of their developers was a North Korean hacker, and the four different developers employed by the Munchables team all had connections to the attacker, likely all being the same person. They referred each other to work in this field, regularly transferred payments to the same two deposit addresses on exchanges. The wallets of the "four individuals" showed transactions among themselves.
By annual earnings, the North Korean hacker should be earning more than many publicly traded companies.
Well-Known L-Named Cross-Chain Project Calls for "Witches" to Surrender Themselves, a Historical First
On May 4, a well-known L-named cross-chain project released an announcement stating that users identified as witches could voluntarily surrender, providing their witch addresses to receive the original 15% allocation. If they do not surrender voluntarily and are discovered later, their entire allocation will be forfeited.
That's not all; the project team stated that whistleblowers must provide at least 20 clearly identified addresses involved in witch operations, and rewards will be prioritized for the first user to successfully submit. Subsequently, they further updated the reporting mechanism, introducing a collateral system.
This is truly unprecedented.
Cryptocurrency Custodian Company Copper Apologizes for Serving Naked Sushi at Event
A source close to Copper said the models, one male and one female, were wearing swimwear and added that it was "very flashy...".
Looks like the project team really made a lot of money this year.

Slerf Founder Accidentally Burns Tokens and LP, Internet Learns the "Oh Fuck" Lesson
On March 18, Slerf project founder @Slerfsol posted on X platform, admitting to mistakenly destroying LP and airdrop reserve tokens, revoking minting rights, feeling helpless, and even shedding tears of true emotion in Space.
What was thought to be the end of the MEME project SLERF, which raised over 50,000 SOL, turned into a record-breaking moment. In just 30 minutes, SLERF's market cap exceeded a billion, surpassing BOME's previous 9-hour record, establishing SLERF as the new meme king. Subsequent encounters with meme token burns are now dubbed with the Slerf narrative for community engagement.

Setting Himself on Fire for Entertainment
In a previous event on Pump.Fun, a dev immersed himself in isopropyl alcohol and livestreamed fireworks being launched at himself to pump up the meme coin's value. The token price surged 2000% within hours, reaching a $2 million market cap. However, due to a lack of necessary fire safety measures, he was engulfed in flames instantly, suffering third-degree burns and hospitalized, rendering him unable to sell the tokens. Upon recovery, he found himself unable to use his hands properly, and even facial recognition on his phone failed to recognize him. Later, this dev exited the project, most likely without having sold the tokens in time.

Easter Egg: Selling High to Fly Forever
On March 8, a WIF developer sold 29,000 WIF worth $2.9 million (511 SOL) within 2 days of WIF's launch, which is now valued at $693 million.
The German government previously held 49,858 bitcoins and sold its holdings in July for $2.89 billion, at an average price of $57,900. After Bitcoin surpassed $100,000, the German government missed out on nearly $3 billion in profit.
On September 28, a trader spent 196 SUI (worth $368) to purchase 25.3 billion HIPPO tokens. In less than a day, the user sold all HIPPO tokens at a price of $7,500, with the total value exceeding $30 million a week later.
On October 10, a trader spent 2.07 SOL to purchase 21.26 million GOAT tokens, sold them at a price of 2.8 SOL, and earned only 0.7 SOL ($108). A week later, the value reached $8.9 million.
On November 13, a trader spent 8 SOL ($1,392) to buy 19.4 million Pnut tokens, then sold them at a price of 4.09 SOL ($711), resulting in a loss of $681. These Pnut tokens are now worth over $24.69 million.
On November 17, a trader once spent 19.8 SOL ($3,000) to buy 59 million FARTCOIN tokens but later sold them for 7.16 SOL ($1,100), resulting in a $1,900 loss. These FARTCOIN tokens are now worth over $18.42 million.
On November 21, a trader sold early CHILLGUY chips obtained for 1 SOL at a price of 1.6 SOL, from which they bought 33.95 million CHILLGUY tokens. These tokens are now worth over $10 million.
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Foreign selling in the South Korean stock market accelerates, with cumulative net sales reportedly reaching $75 billion this year
On June 9, The Kobeissi Letter, citing Goldman Sachs data, reported that global investors are selling South Korean stocks at an unusually rapid pace. In the latest trading session, foreign investors sold about $801 million worth of Kospi constituent stocks again; total foreign outflows last week reached about $10 billion, and the market has been in net foreign selling on nearly every trading day over the past month. According to the data cited in the report, foreign investors have sold about $75 billion worth of South Korean stocks so far this year. Meanwhile, South Korean retail and institutional investors together recorded roughly $69 billion in net buying over the same period, suggesting that the market’s main buying support has come from domestic capital rather than returning overseas funds. The information currently disclosed still mainly comes from The Kobeissi Letter’s retelling and Goldman Sachs data summaries, while public details on the statistical period and the specific definition of “selling” remain relatively limited.

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Scaling Crypto Derivatives: The Digital Asset Infrastructure Behind High-Volume Trading
In the fast-moving digital asset ecosystem, derivatives platforms face an extreme architectural test. High-leverage futures markets demand more than just standard security—they require absolute operational precision, zero-latency matching engines, and ironclad structural scalability, all while navigating intense market volatility.
As global platforms scale to meet these demands, the industry is shifting away from rigid, monolithic setups toward a more agile, "decoupled" infrastructure philosophy.
The Blueprint for High-Volume Copy TradingFor elite global exchanges like WEEX (founded in 2018), this architectural choice becomes critical when scaling high-volume retail features like social copy trading. When thousands of users automatically mirror the real-time strategies of elite traders simultaneously, it triggers sudden, monumental spikes in concurrent transactional volume.
To prevent execution latency or settlement bottlenecks during these peak volatility events, a platform's primary engine must remain entirely dedicated to risk management, copy-trade synchronization, and order matching.
The Architectural Rule: New-generation platforms must separate front-end user execution engines from heavy backend infrastructural overhead to eliminate operational friction.
By separating these layers, platforms can maintain complete sovereignty over their trading environments and user experiences while strategically aligning with institutional-grade infrastructure ecosystems. This strategic framework allows modern exchanges to leverage advanced Digital Asset Custody infrastructure such as Cobo’s behind the scenes, ensuring that backend wallet management scales elastically alongside trading spikes.
Capitalizing on Market Momentum and 400× LeverageIn a derivatives arena where platforms offer up to 400× leverage on perpetual contracts, capital efficiency and market agility are core business metrics. To capture market momentum, an exchange needs the ability to rapidly expand its asset offerings, supporting everything from legacy crypto assets to sudden, trending altcoins across a massive library of trading pairs.
Adopting a flexible, scalable Wallet-as-a-Service (WaaS) solution such as Cobo’s could completely rewrite the development timeline for high-growth exchanges. Instead of spending months of engineering capital building out custom backend wallet architectures for every new blockchain network, platforms can deploy localized infrastructure in days.
This agility allows platforms to instantly scale their listings to over a thousand trading pairs without compromising security or delaying time-to-market. It mirrors the exact operational advantages seen during high-velocity market events, similar to how advanced wallet infrastructure empowers platforms during sudden asset surges; allowing exchanges to pass that speed and liquidity directly to their global user base.
A Mature Foundation for GrowthThe synergy between trusted infrastructure ecosystems and global trading platforms represents the natural evolution of a maturing crypto market. As WEEX continues to scale its global spot and derivatives offerings for over 6 million users, adopting robust backend paradigms proves that platforms no longer have to compromise between cutting-edge trading velocity and uncompromised structural security.

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