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Posted by fanhackers-mods

In a recent study, Hungarian Hally fans also showed a connection to Cool Japan and C-ent. 

“(…) there was a significant correlation between being a fan of K-culture and being a fan of Japanese or Chinese cultural content. (…) This illustrates how similar cultures, such as Japan and Taiwan, played a bridging role in the success of the Korean Wave, highlighting the ongoing flow of cultures that shape international cultural exchange.”
Shim,D., Gajzágó, É. 2023. The Rise of Korean Culture in Europe Based on a Survey of K-Culture Fans in Hungary. Mediální Studia | Media Studies - Journal for Critical Media Inquiry, 17(1): 27-53

The highlight here is on cultural similarity but looking at how Hungarian fans access these cultural content, there might be additional information about this connection. 

“Not only were subcultural businesses from related areas important during the fledgling period of the fandom, when the necessary subcultural goods could be obtained through the fringe offerings of these businesses (…) but these actors also proved to be the most prepared to step in as producers, offering imported or localized subcultural goods once the market demand became apparent.”
Kacsuk, Z. 2016. From Subcultural Producers to Subcultural Clusters.  Brienza, C. (ed.), Johnston, P. (ed.). Cultures of Comics Work. New York: Palgrave Macmillan, 283-296.

–Szabó Dorottya

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Posted by Molly White

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<p class='syndicationauthor'>Posted by Molly White</p><p class="ljsyndicationlink"><a href="https://web3isgoinggreat.com/single/usr-stablecoin-depeg">https://web3isgoinggreat.com/single/usr-stablecoin-depeg</a></p><div> <img src="https://primary-cdn.web3isgoinggreat.com/entryImages/logos/resized/resolv_300.webp" alt="A pie chart in shades of blue, with the bottom segments extended to form parallelograms. "Resolv" follows in black text" width="300px"></img> <p>The Resolv USD stablecoin, also known as USR, lost its intended dollar peg and dropped to around $0.14 after an exploiter was able to mint and sell tens of millions of unbacked tokens. USR is an asset-backed stablecoin that uses cryptoassets like bitcoin, ETH, and other stablecoins as collateral.<p>An exploiter took advantage of a flaw in USR's minting code to create tens of millions of USR tokens without depositing any assets to back them. The attacker then sold the unbacked USR, crashing the stablecoin's price to as low as $0.14. The attacker has profited at least 11,400 ETH (~$24 million), though they are still selling.</p><p>Some defi protocols paused USR-exposed strategies to avoid downstream impacts. Resolv issued a statement that the token's collateral pool was unaffected, though this is likely little comfort for those who purchased the unbacked USR.</p></p> <ul> <li> <a href="https://cointelegraph.com/news/resolv-labs-stablecoin-depegs-attacker-mints-millions-of-tokens"> "Resolv Labs’ stablecoin depegs as attacker mints millions of tokens" </a> , <i>Cointelegraph</i> </li> <li> <a href="https://x.com/ResolvLabs/status/2035601833645768943"> Tweet by Resolv Labs </a> </li> </ul> </div><p class="ljsyndicationlink"><a href="https://web3isgoinggreat.com/single/usr-stablecoin-depeg">https://web3isgoinggreat.com/single/usr-stablecoin-depeg</a></p>
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Posted by Molly White

Three green and blue lines resembling a triangle pointing down, with the text Venus next to it in white

The BNB Chain's Venus Protocol lending protocol accumulated $2.15 million in bad debt after an exploiter manipulated the price of the Thena protocol's THE token. THE had very low liquidity, and the exploiter took advantage of it to manipulate the THE price oracle by borrowing against THE, using the borrowed funds to buy more THE, and repeating — causing the price oracle to reflect higher and higher prices. The attacker was able to avoid a supply cap on Venus by "donating" the funds rather than depositing them in the standard way.

While the exploit left the Venus Protocol with over $2 million in bad debt, it's not clear if the attacker even made money from the exploit. The exploiter's position was ultimately liquidated, collapsing the increase in THE price. However, it's possible the exploiter took advantage of the price discrepancy elsewhere to profit.

The Venus Protocol has had a number of issues in the past — notably in June 2023, when the team developing the BNB Chain had to intervene when the a thief borrowed $150 million on Venus against stolen tokens and then faced liquidation.

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Posted by fanhackers-mods

Today we’ll be kicking off a new, ongoing series - in between regularly scheduled posts by the Fanhackers team, we will offer guest posts by a number of prominent fan studies scholars. 

We are inviting them to tell us about a critical work, theorist, or piece of fan studies that is useful to them - not the best one, or even their favorite one, but the one they build with or build their work or thinking on: their “go-to” piece of criticism.  

We asked them for a quote and a bit of an explanation as to its importance.  We hope you enjoy hearing the results as much as we did! 

First up: Paul Booth.

Paul Booth is a professor of Media and Pop Culture at DePaul University, and a prolific fan studies scholar - his recent books include Entering the Multiverse (Routledge, 2025), Adventures Across Space and Time: A Doctor Who Reader (Bloomsbury, 2023), Board Games as Media  (Bloomsbury, 2021); The Fan Studies Primer  (University of Iowa Press, 2021); Watching Doctor Who  (Bloomsbury, 2019); and the Wiley Companion to Media Fandom and Fan Studies (Wiley, 2018). Along with Rukmini Pande, his is the series editor of the Bloomsbury Fandom Primers.  His response is below:

“Even if any given terminology is a reflection of reality, by its very nature it must be a selection of reality; and to this extent it must function as a deflection of reality.” (45)

From: Kenneth Burke, “Terministic Screens,” Language as Symbolic Action: Essays on Life, Literature and Method (University of California Press, 1966)

I’ve taken the liberty of picking a quotation I don’t use much in my research (although it influences me more than almost any other!), but rather one I use in my teaching quarter after quarter after quarter. Burke’s discussion here about how technology both guides what we view and always what we don’t view (e.g., what stories ignore, what stakeholders want us to forget) has implications not just for media and technology, but also for fandom. Fans often focus on the the things left out - the “deflection of reality” Burke talks about. Fans create stories in the margins, outside the line of sight for narrative, media technology, and more. At the same time, fandom provides new reflections, new selections, and ultimately new deflections as well: creating and making in different contexts but still, and always leaving things out. Fan studies research (and media studies more generally) is important because it helps us identify those deflections; to recognize and to combat them.

- Paul Booth, Professor of Media and Pop Culture, DePaul University

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Posted by Molly White

After a thief drained a crypto wallet of 4 million PRTG (notionally priced at $4.9 million, but highly illiquid) after blundering Korean tax officials posted the wallet's seed phrase to social media in a photo among other seized items, the thief returned the assets. However, the tokens were quickly stolen again by a second thief, as they'd been returned to the same vulnerable wallet. The first thief turned themselves in and was arrested by Korean law enforcement shortly after taking the funds; the second thief has not been identified.

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Posted by Molly White

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<p class='syndicationauthor'>Posted by Molly White</p><p class="ljsyndicationlink"><a href="https://web3isgoinggreat.com/single/aave-swap-loss">https://web3isgoinggreat.com/single/aave-swap-loss</a></p><div> <img src="https://primary-cdn.web3isgoinggreat.com/entryImages/logos/resized/aave_300.webp" alt=""Aave" in all caps, transitioning from a turquoise to pink gradient" width="300px"></img> <p>A trader using the Aave interface attempted to swap $50 million USDT for AAVE. However, due to the enormous size of the order, the purchase had dramatic impact on the aave price. The Aave interface warned the customer about the price impact, and the trader clicked a checkbox to accept the order terms. Ultimately, they received only 324 AAVE (~$37,600) in return for their $50 million, losing 99.9% of their assets in the process.<p>The Aave founder offered to refund the user the $600,000 in fees collected from the transaction, and acknowledged "there are additional guardrails the industry can build to better protect users".</p></p> <ul> <li> <a href="https://x.com/StaniKulechov/status/2032193345414664659"> Tweet by Stani Kulechov </a> </li> <li> <a href="https://x.com/mgrabina/status/2032225132605833371"> Tweet by Martin Grabina </a> </li> </ul> </div><p class="ljsyndicationlink"><a href="https://web3isgoinggreat.com/single/aave-swap-loss">https://web3isgoinggreat.com/single/aave-swap-loss</a></p>
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Posted by Molly White

Federal authorities arrested Christopher Alexander Delgado, the CEO of Goliath Ventures (previously Gen-Z Ventures). According to the charging documents, what Delgado presented to prospective investors as a way to earn returns via crypto liquidity pools was actually a Ponzi scheme, where investors' money was just being used to pay off earlier investors. With the profits from his venture, Delgado allegedly threw lavish parties and purchased multiple multi-million dollar properties.

The Fandom Brand Guarantee

Mar. 7th, 2026 09:38 pm
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Posted by aninfiniteweirdo

The Fandom Brand Guarantee

When a fan goes into a bookstore, they can point at many books where even just by looking at the cover, they can tell that the author or the work in particular came from fandom. It might be that while the names were changed to file off the serial numbers, the cover artist kept the visual resemblance of the leads. Or, as Malone shows when talking about manga creators, the author’s name is the giveaway.


Notably, when artists are contracted to the three major publishers, they tend overwhelmingly to be credited only under their real name; by contrast, artists who publish with smaller presses almost always make use of their online nicknames or usernames (…) This practice not only refers back to the original online presence of both author and work, as brokered by Animexx.de, but also maintains a sense of community among the artists. At the same time, however, it cannot be overlooked that the exposure of these artists’ cultural capital under their nicknames on the Website and in their published work serves well to create a kind of “branding” or name recognition that can easily be turned to the generation of economic capital as well, while also maintaining the artists’ “civilian identities” for other projects, since most of the manga artists described here clearly want to have artistic careers beyond a specialty in boys’ love or even in manga in general.


Malone, Paul M. 2010. “From BRAVO to Animexx.de to Export: Capitalizing on German Boys Love Fandom, Culturally, Socially and Economically.” In Boys Love Manga: Essays on the Sexual Ambiguity and Cross-Cultural Fandom of the Genre, edited by Antonia Levi, Mark McHarry, and Dru Pagliassotti, 36. Jefferson, NC: McFarland.


Even with the serial numbers off, a work like that might still attract not only fans of that specific fic, but of that canon, but even moreso, participants in fandom. Because we also know of published works that were not inspired by a specific canon, we even know about works that started as original and the author at one point attempted or even did convert it to fanfic. For sure, we know that there is something more to be gained from fandom than just canon. It is also clear that a good publicist can help the author gain a lot from revealing the fandom origins.


Do we feel safer trusting these authors, knowing they won’t bait us? Do we expect them to write differently and are they? Is it a different genre or a different mode of producing?


Malone specifies that these creators kept their fannish signifiers only when publishing with the smaller presses, and says elsewhere:


(…) several newer and even smaller specialized publishers have now arisen to cater exclusively to the boys’ love market: both Fireangels Verlag and The Wild Side Verlag license and import material from abroad – chiefly the U.S., France and Italy- but they also publish home-grown German-language boys’ love manga. All of the German artists currently publishing with Fireangels and The Wild Side also have a presence on the Animexx.de Website, so that the initial chapters of both Martina “Chiron-san” Peters’ boys’ love science-fiction thriller, K-A-E 29th Secret and Makiko “Zombiesmile” Ponczeck’s sexually less explicit but more violent Lost and Found, for example, were once available on their respective personal dojinshi pages. (…) Peters and Ponczeck are art directors at the Fireangels and The WIld Side respectively.


Malone, Paul M. 2010. “From BRAVO to Animexx.de to Export: Capitalizing on German Boys Love Fandom, Culturally, Socially and Economically.” In Boys Love Manga: Essays on the Sexual Ambiguity and Cross-Cultural Fandom of the Genre, edited by Antonia Levi, Mark McHarry, and Dru Pagliassotti, 34. Jefferson, NC: McFarland.


There is a fic writer guarantee in a recognisable pseudonym. But is there a recognisable gatekeeper or recognisable production decisions that can provide the fandom guarantee?

Poster: Szabó Dorottya

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Posted by fanhackers-mods

A lot of the sites that post multimedia scholarship, videographic criticism, or scholarship pertaining to the moving image (TV/film/video etc) are also broadly interested in fandom and fanworks, primarily as a form of media criticism. The below sites are worth checking out both for the fannish work they already host and as potential venues for new fan studies work.

In Media Res: A MediaCommons Project - https://mediacommons.org/imr

In Media Res is dedicated to experimenting with collaborative, multi-modal forms of online scholarship. Our goal is to promote an online dialogue amongst scholars and the public about contemporary approaches to studying media. 

Sample work:Lauren Rouse, “‘Don’t Ask Me About My Agenda’ or the Silencing Discussions of Racism in Reactionary and Transformative Fandoms,” September 28, 2023.


Videographic Books, by Lever Press - https://www.leverpress.org/videographicbooks

Combining the possibilities of digital scholarship with the long-standing strengths of the print monograph, this series strives to publish works that convey ideas and expand knowledge via the digital rhetoric of videographic criticism. Videographic Books will resemble traditional print books as accessed via an online e-reader, but use embedded video and audio to convey ideas through the distinct form of videographic criticism.

Sample work:Jason Mittell, The Chemistry of Character in Breaking Bad: A Videographic Book


[in]Transition - https://intransition.openlibhums.org

[in]Transition: Journal of Videographic Film & Moving Image Studies, the official peer-reviewed videographic publication of the Society for Cinema and Media Studies, is the first peer-reviewed academic journal of videographic film and moving image studies, and is fully open access with no fees to publish or read. 

Sample work:
Louisa Stein, On the Art of Affective Repetition: Fan Video & The Untamed

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Posted by Molly White

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<p class='syndicationauthor'>Posted by Molly White</p><p class="ljsyndicationlink"><a href="https://web3isgoinggreat.com/single/chaos-labs-aave-liquidations">https://web3isgoinggreat.com/single/chaos-labs-aave-liquidations</a></p><div> <img src="https://primary-cdn.web3isgoinggreat.com/entryImages/logos/resized/aave_300.webp" alt=""Aave" in all caps, transitioning from a turquoise to pink gradient" width="300px"></img> <p>Users of the Aave defi lending protocol who had borrowed from the wstETH/stETH pool suffered erroneous liquidations when a price oracle from Chaos Labs reported an inaccurately low price ratio between the two assets. The oracle bug caused some loans to report that they were below the required "health factor" (the ratio between the assets loaned and the amount of collateral provided by the borrower), triggering forcible liquidations across the platform amounting to $26.9 million.<p>Chaos Labs, presumably embarrassed to have lived up to its name, promised to reimburse users whose positions were improperly liquidated.</p></p> <ul> <li> <a href="https://protos.com/oracle-error-adds-to-turmoil-at-defi-giant-aave/"> "Oracle error adds to turmoil at DeFi giant Aave" </a> , <i>Protos</i> </li> </ul> </div><p class="ljsyndicationlink"><a href="https://web3isgoinggreat.com/single/chaos-labs-aave-liquidations">https://web3isgoinggreat.com/single/chaos-labs-aave-liquidations</a></p>