1. McDonald's Instagram Hack to Promote $GRIMACE Crypto Meme Coin
2. Tether's USD₮ Launch on Aptos Blockchain
3. Clearpool Unveils Ozean: A Blockchain for Real-World Assets

This week has been packed with significant developments across the crypto and blockchain landscape, from shocking hacks to strategic partnerships aimed at advancing technology. Below, we dive into the most notable news that shaped the week, offering insights and implications for the future.

McDonald's Instagram Hack to Promote $GRIMACE Crypto Meme Coin

The most shocking news of the week was the hacking of McDonald's Instagram account to promote the $GRIMACE meme token. On-chain analytics firm Lookonchain reported that the hacker leveraged the fast-food giant’s credibility to make the coin appear legitimate. The hacker also used 24 insider wallets to purchase 705 million $GRIMACE tokens with just 65 $SOL before the attack. The hacker then sold the tokens for 5,202 $SOL, making a profit of 5,136 $SOL, worth around $738,000. This incident has left people in shock and highlights the importance of doing thorough research before investing (DYOR).

Tether's USD₮ Launch on Aptos Blockchain

Another significant news from this week was Tether's announcement on August 19, 2024, to launch USD₮ on the Aptos Network. This move aims to enhance the accessibility and reliability of Tether’s stablecoin by leveraging Aptos’ fast and scalable blockchain technology. Currently, the majority of the circulating USDT supply is on the Tron and Ethereum blockchains. Aptos has gained recognition for its advanced infrastructure, boasting rapid growth with daily active users and millions of transactions. Integrating USD₮ with Aptos promises lower transaction fees and faster processing times, benefiting users and developers alike. Tether’s CEO, Paolo Ardoino, praised the partnership, emphasizing its role in making digital currencies more practical. This partnership marks a significant step toward a more efficient and inclusive financial future.

Clearpool Unveils Ozean: A Blockchain for Real-World Assets

Clearpool, a decentralized credit marketplace, has launched Ozean, an exclusive blockchain focused on enhancing yields from real-world assets (RWAs). Supported by Optimism and built on the OP Stack, Ozean aims to revolutionize DeFi by seamlessly integrating RWAs with a user-friendly and compliant platform. Ozean is powered by Clearpool’s native token $CPOOL, and offers advanced staking rewards. Moreover, it is designed to improve the trading and collateralization of RWAs. Clearpool’s new blockchain addresses current challenges in the RWA market, such as poor composability and user experience, aiming to unlock a $16 trillion market opportunity by 2030.

As we wrap up this week’s review, it’s clear that the intersection of technology and finance continues to drive significant developments in the crypto and blockchain space. From the unexpected McDonald’s Instagram hack to strategic moves by Tether and groundbreaking partnerships like those between Delysium and Worldcoin, these events underline the rapid pace of innovation and the need for vigilance in this ever-evolving landscape. As we look ahead, the lessons learned and the technologies emerging from these stories will undoubtedly shape the future of the digital world.