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STEPN: “Something big is about to happen (very soon) in the Genesis world…”
https://x.com/stepnofficial/status/1727616247255208410
Kava 15 mainnet launch goes live December 7th
K15 wil reduce KAVA inflation to zero on January 1, 2024, 00:00 UTC.
https://www.kava.io/news/kava-15-kava-zero-inflation
The director of Netflix’s sci-fi series Conquest reportedly used $4 million from the show’s budget to bet on Dogecoin and made $27 million in the process.
In March 2020, 16 months after Netflix bought Rinsch’s idea and provided him with an initial budget of $44 million, the director asked for more funds. Netflix obliged and wired him $11 million on the condition he finished the show.
According to financial statements obtained by the Times Rinsch used $10.5 million from the fresh funding to gamble on the stock market and allegedly lost nearly $6 million in just a few weeks by placing options bets on pharmaceutical companies and the S&P 500.
With a little over $4 million left, Rinsch transferred the money to the crypto exchange Kraken and went all in on DOGE. When he liquidated in May 2021, he withdrew around $27 million, per an account statement seen by the Times.
https://cointelegraph.com/news/netflix-director-bet-show-budget-on-doge
Decentralized exchange protocol KyberSwap appears to have suffered a $47 million exploit.
The funds include $20.7 million on Arbitrum, $15 million on Optimism, $7 million on Ethereum, $3 million on Polygon and $2 million on Base.
https://x.com/kybernetwork/status/1727475235342217682
https://www.theblock.co/post/264432/dex-protocol-kyberswap-appears-to-lose-47-million-in-possible-exploit
Bounce Finance has partnered with Token Terminal, a full stack onchain data platform.
https://x.com/bounce_finance/status/1727388093202985032
BlackRock representatives met with the SEC to discuss the possibility of listing a spot BTC-ETF.
https://twitter.com/JSeyff/status/1727341988436209903
Tether minted $1 billion USDT on Tron.
https://whale-alert.io/transaction/tron/ff8b112b863ce77840c1b2be474004454d28dc0de3ead28691f867351e83d9cb
Matrixport:
▫️With CZ stepping down and the fine less than the $10bn feared, Binance will likely remain a top-three exchange over the next 2-3 years. There will likely be pressure to ‘right-size’ the company with 6,000 employees. While this plea deal does not include the SEC, this is a very favourable outcome for CZ and Binance itself.
▫️Next month, the FTX exchange will likely be sold and run by a US securities law-compliant management team, which could re-launch the exchange by Q3 2024. There could be $24-50bn in inflows into any US-listed Bitcoin ETF. There will be a shift from unregulated wild-west exchanges that serve retail investors to fully regulated and compliant venues that serve institutions.
▫️As the macro-environment continues to be a tailwind with the demand from institutions, 2024 will likely be another rocking year for Bitcoin — CZ might come back during the next bear market in 2026.
https://www.matrixport.com/institutions/research/daily-insights/771#top
OpenAI co-founder Sam Altman is set to return as the chief executive officer of OpenAI.
https://www.coindesk.com/tech/2023/11/22/sam-altman-to-return-as-openai-ceo-following-in-principle-agreement/
CZ: “Today, I stepped down as CEO of Binance. Admittedly, it was not easy to let go emotionally. But I know it is the right thing to do. I made mistakes, and I must take responsibility. This is best for our community, for Binance, and for myself.
I’m pleased to announce that Richard Teng, our now former Global Head of Regional Markets, has been named the new CEO of Binance today.
As a shareholder and former CEO with historical knowledge of our company, I will remain available to the team to consult as needed, consistent with the framework set out in our U.S. agency resolutions.
What’s next for me?
I will take a break first. I have not had a single day of real (phone off) break for the last 6 and half years.
After that, my current thinking is I will probably do some passive investing, being a minority token/shareholder in startups in areas of blockchain/Web3/DeFi, AI and biotech. I am happy that I will finally have more time to spend looking at DeFi.”
https://x.com/cz_binance/status/1727063503125766367
Crypto Market Daily Review ☀️
The market is down. Market cap is $1.40T. Bitcoin is trading at $36.3K
dropstab | icodrops | twitter | telegram
In 24 hours, $913 million withdrew from Binance according to DefiLlama data.
https://defillama.com/cexs
The DropsTab team has shared its first article about new hype L2-Blockchain Blast with promising an airdrop to users for passive investments.
Blast has successfully raised $20 million from notable names like Paradigm, Standard Crypto, Andrew Kang, Larry Cermak and others
Scam or GEM?
👉 https://medium.com/dropstab/l2-blockchain-blast-obvious-pyramid-or-genuine-scam-5c6d30e3b237
Ondo Finance has launched tokenized US Treasuries on Injective to accelerate RWA adoption.
For the first time Injective users can acquire tokenized US Treasuries in the form of the USD Yield token (“USDY”) from Ondo Finance.
https://x.com/Injective_/status/1726989284111270144?s=20
Animoca Brands has announced its partnership with Ubisoft’s Strategic Innovation Lab to amplify their web3 initiatives through the flagship membership project Mocaverse.
https://x.com/animocabrands/status/1726937337488187871
The KyberSwap hacker left a message to developers, employees, DAO members and LPs in the transaction.
“Negotiations will start in a few hours when I am fully rested”.
Blast TVL has exceeded $260 million.
https://debank.com/profile/0x5f6ae08b8aeb7078cf2f96afb089d7c9f51da47d
U.S. prosecutors pressed a federal judge to require Binance Holdings founder and former chief Changpeng Zhao to remain in the continental United States before his sentencing hearing on Feb. 23, 2024, according to a court filing.
Previously, a DOJ spoksperson told Reuters that Zhao was currently expected to stay in the Seattle area until Monday evening, but after that would be allowed to return to his residency in the UAE.
https://www.reuters.com/technology/us-prosecutors-want-binances-zhao-remain-us-until-sentencing-filing-2023-11-22/
Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.44T. Bitcoin is trading at $37.3K
dropstab | icodrops | twitter | telegram
LayerZero is live on Astar Substrate.
https://x.com/layerzero_labs/status/1727371442483024343
Hashflow hints at a possible release of Hashflow 2.0.
https://twitter.com/hashflow/status/1727333583717822787
The Heco bridge appears to have been drained of $86.6 million, while further funds may have been taken from crypto exchange HTX.
https://www.theblock.co/post/264271/heco-bridge-appears-to-have-been-drained-of-86-6-million
Blast TVL has surpassed $100 million.
https://debank.com/profile/0x5f6ae08b8aeb7078cf2f96afb089d7c9f51da47d
Binance will make a full exit from the U.S. as part of its agreement with FinCEN, and the company will also be subject to five years of sanctions monitoring.
https://www.irs.gov/compliance/criminal-investigation/us-treasury-announces-largest-settlements-in-history-with-worlds-largest-virtual-currency-exchange-binance-for-violations-of-us-anti-money-launder
Binance's new CEO Richard Teng: “It is an honour and with the deepest humility that I step into the role of Binance’s new CEO.
With CZ, and our leadership team’s support, I have accepted this role so that we can continue to meet and exceed the expectations of stakeholders while achieving our core mission, the freedom of money.
To ensure a bright future, I intend to use everything I’ve learned over the past three decades of financial services and regulatory experience to guide our remarkable, innovative, and committed team.
My focus will be on:
1) reassuring users that they can remain confident in the financial strength, security and safety of the company
2) collaborating with regulators to uphold high standards globally that foster innovation while providing important consumer protections
3) working with partners to drive growth and adoption of Web3.”
https://x.com/_richardteng/status/1727066202047164562
Binance CEO ChangPeng Zhao (CZ) released from custody on $175 million bond, pending next court hearing on February 23, 2024.
https://x.com/watcherguru/status/1727113195565822125
Richard Teng was named CEO of Binance on Tuesday after Changpeng Zhao stepped down following criminal charges in the U.S.
https://www.theblock.co/post/264174/meet-richard-teng-a-primer-on-the-new-ceo-of-worlds-largest-crypto-exchange
Binance founder Changpeng Zhao agrees to step down, plead guilty, according to WSJ.
Zhao’s crypto exchange will also admit wrongdoing and agree to pay $4.3 billion in fines.
https://www.wsj.com/finance/currencies/binance-ceo-changpeng-zhao-step-down-plead-guilty-01f72a40
DAO Maker has announced its next SHO — GT Protocol.
GT Protocol is developing a Web3 non-custodial crypto investment protocol and AI execution technology.
DAO Holder Round:
Start/Deadline: TBA
SHO Raise: $300,000
Currency: DAO
https://daomaker.com/company/gt-protocol
$61.3 million TVL was staked on Blast.
https://debank.com/profile/0x5f6ae08b8aeb7078cf2f96afb089d7c9f51da47d
https://etherscan.io/tokenholdings