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Ethereum Is the “Most Sold Digital Asset by Large Entities,” Outflows Exceed $100M in 2023: Ethereum (ETH) has experienced significant outflows from institutional investors in 2023, with sales reaching over $108 million year-to-date.

👉Details: https://coinmarketcap.com/alexandria/article/ethereum-is-the-most-sold-digital-asset-by-large-entities-outflows-exceed-dollar100m-in-2023

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Tether’s Paolo Ardoino To Testify This Week in Market Manipulation Lawsuit: Bitfinex and Tether CTO Paolo Ardoino will be deposed this week as part of an ongoing class-action lawsuit against both businesses and their related executives.

👉Details: https://coinmarketcap.com/alexandria/article/tethers-paolo-ardoino-to-testify-this-week-in-market-manipulation-lawsuit

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#CMC is hosting its first-ever French #CMCLive with Cointribune! 🇫🇷

Rejoignez le premier CMC-Live en français! 🔥

Mark the date: Tuesday, Sep 12 at 3PM UTC
📌 Set a Reminder: https://coinmarketcap.com/community/post/330852424

#Crypto French users, let us see you there!

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🗞 CryptoNews of the Day 🗞

FTX Seeks To Claim Back Millions in Payments to Celebrity Athletes like Shaq, Naomi Osaka
:
FTX, a bankrupt crypto exchange, is investigating the possibility of reclaiming millions of dollars paid to celebrity athletes and sports teams for promoting.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-seeks-to-claim-back-millions-in-payments-to-celebrity-athletes-like-shaq-naomi-osaka

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G20 Moves Ahead With International Framework for Crypto Assets: Leaders of the G20, the world's 20 largest economies, are urging a speedy implementation of a cross-border framework for crypto assets.

👉Details: https://coinmarketcap.com/alexandria/article/g20-moves-ahead-with-international-framework-for-crypto-assets

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Vitalik Buterin’s X Account Hacked, Attacker Stole Over $690K: Ethereum co-founder Vitalik Buterin has become the latest victim of a Twitter hack.

👉Details: https://coinmarketcap.com/alexandria/article/vitalik-buterins-x-account-hacked-attacker-stole-over-dollar690k

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CFTC Takes Action Against DeFi Protocols Opyn, ZeroEx and Deridex for Failing to Register Derivatives Trading Offerings: The United States Commodity Futures Trading Commission (CFTC) has initiated regulatory action against three decentralized finance (DeFi) protocols.

👉Details: https://coinmarketcap.com/alexandria/article/cftc-takes-action-against-defi-protocols-opyn-zeroex-and-deridex-for-failing-to-register-derivatives-trading-offerings

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🗞 CryptoNews of the Day 🗞

North Korean Hacker Group Lazarus Steals $41M in Crypto From Stake: FBI: The FBI has announced that the Lazarus Group, a North Korean hacker organization, is responsible for a $41 million cryptocurrency theft from the cryptocurrency casino Stake.

👉Details: https://coinmarketcap.com/alexandria/article/north-korean-hacker-group-lazarus-steals-dollar41m-in-crypto-from-stake-fbi

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🗞 CryptoNews of the Day 🗞

PUBG Developers Krafton Announces Cosmos-based Layer 1 Using USDC For Settlements
:
Krafton, the game development company renowned for its popular battle royale game PUBG: Battlegrounds, has announced plans to launch Settlus, a layer 1 blockchain utilizing the Cosmos SDK.

👉Details: https://coinmarketcap.com/alexandria/article/pubg-developers-krafton-announces-cosmos-based-layer-1-using-usdc-for-settlements

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22 Crypto Billionaires and 88,200 Crypto Millionaires Worldwide: Crypto Wealth Report: A recent report from Henley & Partners has shed light on Bitcoin and crypto billionaires and millionaires across the globe.

👉Details: https://coinmarketcap.com/alexandria/article/22-crypto-billionaires-and-88200-crypto-millionaires-worldwide-crypto-wealth-report

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Ark Invest and 21Shares Seeks SEC Approval for Groundbreaking Spot Ethereum ETF: Cathie Wood's Ark Invest is seeking approval to launch the US first spot Ethereum ETF. This development, filed with the Securities and Exchange Commission (SEC) on Wednesday.

👉Details: https://coinmarketcap.com/alexandria/article/ark-invest-and-21shares-seeks-sec-approval-for-groundbreaking-spot-ethereum-etf

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Coinbase’s L2 Base Hit With Outage, No Funds At Risk Says Team
:
Base, Coinbase's Ethereum Layer-2 network, faced a temporary outage lasting for half an hour on Tuesday, with a full resolution taking an additional 30 minutes.

👉Details: https://coinmarketcap.com/alexandria/article/coinbases-l2-base-hit-with-outage-no-funds-at-risk-says-team

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Major South Korean Hana Bank Partners With BitGo
:
Hana Bank, a major commercial bank in South Korea, has announced a strategic partnership with BitGo, a well-established crypto custody firm.

👉Details: https://coinmarketcap.com/alexandria/article/major-south-korean-hana-bank-partners-with-bitgo

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🗞 CryptoNews of the Day 🗞

South Korea Plans Bill to Track and Freeze North Korean Crypto Assets Funding Weapons Programs
:
The South Korean government is reportedly preparing to introduce legislation aimed at tracking and freezing North Korean cryptocurrency.

👉Details: https://coinmarketcap.com/alexandria/article/south-korea-plans-bill-to-track-and-freeze-north-korean-crypto-assets-funding-weapons-programs

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🗞 CryptoNews of the Day 🗞

Former MAS Chair and Finance Minister Who Called Crypto “Highly Risky” Elected as Singapore President
:
Tharman Shanmugaratnam, the former chair of the Monetary Authority of Singapore (MAS), has secured a resounding victory in Singapore's presidential election, garnering over 70% of the vote.

👉Details: https://coinmarketcap.com/alexandria/article/former-mas-chair-and-finance-minister-who-called-crypto-highly-risky-elected-as-singapore-president

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Gensler Slams Crypto’s “Wide-Ranging Non-Compliance” Ahead of Hearing on SEC’s Oversight: SEC Chair Gary Gensler remains steadfast in his tough stance on cryptocurrencies, as indicated by his written remarks ahead of his testimony on SEC oversight.

👉Details: https://coinmarketcap.com/alexandria/article/gensler-slams-cryptos-wide-ranging-non-compliance-ahead-of-hearing-on-secs-oversight

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FTX’s Crypto Portfolio Worth $3.4B, Consists of $1.16B of Solana: Bankrupt crypto exchange FTX has revealed in a court filing that its liquid crypto portfolio is worth $3.4 billion, which consists of $1.16 billion worth of Solana (SOL) tokens.

👉Details: https://coinmarketcap.com/alexandria/article/ftxs-crypto-portfolio-worth-dollar34b-consists-of-dollar116b-of-solana

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Coinbase Clarifies Discontinuation Reports, Cites Non-Compliance As Reason: Coinbase issues clarification after reports of discontinuing exchange services for Indian consumers.

👉Details: https://coinmarketcap.com/alexandria/article/coinbase-clarifies-discontinuation-reports-cites-non-compliance-as-reason

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Ripple Announce Acquisition of Crypto Custodian Fortress Trust
:
Blockchain company Ripple revealed its plans to acquire Nevada-based financial and technology infrastructure provider Fortress Trust on Friday.

👉Details: https://coinmarketcap.com/alexandria/article/ripple-announce-acquisition-of-crypto-custodian-fortress-trust

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FTX Sues LayerZero Labs, Seeks To Reclaim $21M in Funds: Bankrupt cryptocurrency exchange FTX has taken legal action against cross-chain protocol LayerZero Labs, aiming to reclaim $21 million in funds.

👉Details: https://coinmarketcap.com/alexandria/article/ftx-sues-layerzero-labs-seeks-to-reclaim-dollar21m-in-funds

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Taiwan's FSC to Ban Unregistered Offshore Crypto Exchanges: Taiwan's FSC drafts guidelines for regulating virtual currencies.

👉Details: https://coinmarketcap.com/alexandria/article/taiwans-fsc-to-ban-unregistered-offshore-crypto-exchanges

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Southeast Asia Ride Hailing Super App Grab Launches Web3 Services to 35M Monthly Users: Popular ride-hailing super-app Grab has taken a leap into the world of web3, offering its users a range of blockchain-enabled features.

👉Details: https://coinmarketcap.com/alexandria/article/southeast-asia-ride-hailing-super-app-grab-launches-web3-services-to-35m-monthly-users

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Former FTX Exec Ryan Salame Pleads Guilty to Campaign Finance Violations, Forfeits $1.5 Billion: Former FTX executive Ryan Salame has pleaded guilty to criminal campaign finance violation charges in a Manhattan court.

👉Details: https://coinmarketcap.com/alexandria/article/former-ftx-exec-ryan-salame-pleads-guilty-to-campaign-finance-violations-forfeits-dollar15-billion

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China's Shandong Province Plans to Grow Metaverse Market to $20.5B by 2025
:
China's Shandong province has unveiled guidelines aimed at boosting the growth of its metaverse industry, as part of the country's broader blockchain-driven initiatives.

👉Details: https://coinmarketcap.com/alexandria/article/chinas-shandong-province-plans-to-grow-metaverse-market-to-dollar205b-by-2025

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DOJ Freezes Assets of Former Celsius CEO Alex Mashinsky Amid Fraud Charges: The Department of Justice (DOJ) has taken action to freeze the assets of former Celsius Network CEO, Alex Mashinsky, who is facing seven criminal charges related to cryptocurrency fraud.

👉Details: https://coinmarketcap.com/alexandria/article/doj-freezes-assets-of-former-celsius-ceo-alex-mashinsky-amid-fraud-charges

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Australia's Senate Rejects Crypto Regulation Bill, Calls for Further Consultations: Australia's Senate Economics Legislation Committee has rejected the "Digital Assets (Market Regulation) Bill 2023," which was introduced by opposition senator Andrew Bragg.

👉Details: https://coinmarketcap.com/alexandria/article/australias-senate-rejects-crypto-regulation-bill-calls-for-further-consultations

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MetaMask Adds Bank and Paypal Feature To Withdraw to Fiat
:
MetaMask, the world's leading hot wallet for cryptocurrencies, has unveiled a new feature that allows its users to convert their digital assets into fiat currency.

👉Details: https://coinmarketcap.com/alexandria/article/metamask-adds-bank-and-paypal-feature-to-withdraw-to-fiat

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Visa Expands USDC Stablecoin Settlements Using Solana
:
Payments giant Visa announced plans to expand its stablecoin settlement capabilities by utilizing the Solana blockchain.

👉Details: https://coinmarketcap.com/alexandria/article/visa-expands-usdc-stablecoin-settlements-using-solana

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CZ Sees Opportunity for Binance To Prove Its Strength, Says Company Is Ahead on Regulations
:
Changpeng Zhao, known as CZ, the CEO of Binance, has taken a defiant stance amidst the recent wave of regulatory scrutiny and media attention directed at his cryptocurrency exchange.

👉Details: https://coinmarketcap.com/alexandria/article/cz-sees-opportunity-for-binance-to-prove-its-strength-says-company-is-ahead-on-regulations

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Crypto Betting Platform Stake Exploited For $40M in Wallet Owned by Company
:
Stake, a prominent cryptocurrency betting platform, has fallen victim to an exploit resulting in the loss of approximately $40 million in funds, as reported by blockchain security experts.

👉Details: https://coinmarketcap.com/alexandria/article/crypto-betting-platform-stake-exploited-for-dollar40m-in-wallet-owned-by-company

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