Now in Crypto, top web3 white hats earn millions of those who do not see defi flaws, a crypto researcher has high hope that the US government will still develop a strategic bitcoin reserve this year. Meanwhile, Gemini shares with Nasdaq on their first day of trading.
Web3 white hats earn millions, crushed $ 300k traditional cybersecurity jobs
Top white hats hunting vulnerabilities throughout the decentralized web3 protocols is earning a million -millionDwarfing the $ 300,000 salaries ceiling with traditional cybersecurity roles.
“Our leaderboard shows researchers earning millions each year, compared to the usual cybersecurity salaries of $ 150-300K,” Mitchell Amador, co-founder and CEO of Bug Bounty Platform Immunefi, said in cointelegraph.
In crypto, the “white hat” refers to ethical hackers paid to reveal weaknesses to Decentralized Finance (DEFI) Protocols. Unlike the salaries of corporate duties, these researchers chose their targets, set their own time and earn based on the impact they found.
To date, Immunefi has facilitated more than $ 120 million in payouts in thousands of reports. Thirty researchers became millionaires.
‘Strong chance’ we will develop Strategic Bitcoin reserve this year: Alex Thorn
There is a high probability that the United States government will develop a highly expected Strategic Bitcoin Reserve at the end of this year, said the head of Galaxy Digital, Alex Thorn’s Firmwide Research.
However, other industry executives are less confident.
“I still think there is a strong chance that the US government will announce this year that it has formed the strategic bitcoin reserve (SBR) and formally hold BTC as a strategic possession,” Thorn Says On an x post on Thursday.
“The market seems to be completely underpricing the possibility of such an announcement,” Thorn added.
While US president Trump Signed Executive Order The strategic Bitcoin Reserve and US digital asset stockpile officially established in March, a formal strategic plan has not been confirmed.
Gemini (GEMI) Stoars Soars in NASDAQ Debut in the Century of Crypto IPO BOOM
Shares of the Gemini Space Station (GEMI), the Digital Asset Exchange founded by Cameron and Tyler Winklevoss, Surged in their debut on the market on FridaySigned strong institutional appetite for crypto-related equities.
Gemini shares a short time leading to $ 40 on Friday, according to Yahoo financial data, before retreating later in the session. By the afternoon, Gemini was trading near $ 35 a part, up to 24% during the day, for a market cap around $ 1.3 billion.
The company has priced the initial public offering at $ 28 per part late of Thursday -higher above it Initial range of target $ 17 to $ 19and even higher than the upward modified $ 24 to $ 26 range.
According to CNBCGemini capped its offer of 15.2 million shares, raising $ 425 million and signaling the investor’s demand increased.
The exchange quickly moved from filing its S-1 form to the US Securities and Exchange Commission to debut in Nasdaq. Number Cointelegraph reportedGemini submitted the IPO registration on September 2 and began to trade 10 days later.
