Crypto Market Daily Review ☀️
The market is down. Market cap is $1.07T. Bitcoin is trading at $26.9K
dropstab | icodrops | twitter | telegram
The Gro DAO voted to discontinue its operation and the operation of the Gro protocol.
Now its FDV is about $5 million, while bullrun it was $600-800 million.
https://x.com/gro_dao/status/1704061118560236026
The IMX price has increased by 38% in 3 hours.
https://dropstab.com/coins/immutable-x
Fuji Finance is closing down.
Users have until December 31 to withdraw funds.
https://medium.com/fuji-finance/fuji-finance-is-closing-7a8437b8b172
Troubled Hong Kong crypto exchange JPEX has applied for deregistration in Australia.
JPEX claims that all members of the company agree to the deregistration, the company is no longer carrying business, its assets do not exceed $1,000 Australian dollars, and it carries no liabilities.
On Sept. 13, during the Token2049 conference in Singapore, the JPEX team allegedly abandoned its corporate booth after Hong Kong police arrested six JPEX employees on charges of fraud for operating an unlicensed crypto exchange. The Hong Kong Securities and Futures Commission (SFC) said on the same day that it received over 1,000 complaints regarding the JPEX platform, with claims of losses amounting to over 1 billion Hong Kong dollars ($128 million).
https://cointelegraph.com/news/troubled-crypto-exchange-jpex-applies-deregistration-australia
Coinbase has listed Vara (VARA).
VARA is an AMM on the Kava EVM.
https://x.com/coinbaseassets/status/1704525893987614897
Injective has announced that the pre-registration event of .inj domain names is going live now at https://inj.space.id/.
https://x.com/Injective_/status/1704510930191556868?s=20
Ledger plans to roll out its private-key recovery service before year’s end.
https://www.theblock.co/post/251954/ledger-ceo-privacy-on-demand
Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.08. Bitcoin is trading at $26.9K
dropstab | icodrops | twitter | telegram
CoinEx's loss after the hack is ~$70M.
https://x.com/coinexcom/status/1703686758079271258
Grayscale Investments has lodged a second application for an Ethereum futures ETF, tracking Ethereum Futures contracts.
Unlike the previous application, the new one was filed under the Securities Act of 1933, used for commodities and Bitcoin ETFs.
https://beincrypto.com/grayscale-ethereum-futures-etf-application/
Arbitrum Odyssey starts September 26th, 2023.
https://arbitrumfoundation.medium.com/arbitrum-odyssey-reignited-a98f627d42ef
Tether CTO Paolo Ardoino: “1B USDt inventory replenish on Tron Network. Note this is a authorized but not issued transaction, meaning that this amount will be used as inventory for next period issuance requests and chain swaps.”
https://x.com/paoloardoino/status/1704071703612014729
Base updated their Twitter profile, indicating that they have no plans to issue a new network token.
https://twitter.com/BuildOnBase
The Bounce Token Toolbox is now live and available for users.
With this toolbox, users can disperse, mint, and lock tokens, including V2 and V3 LP tokens.
https://x.com/bounce_finance/status/1704309996102594899
Rumors: Friend.tech keys are stored in the frontend.
https://x.com/0xngmi/status/1704611031819915286
EJF Capital, a global alternative asset management firm, raised approximately $104 million for EJF Ventures Fund.
https://www.businesswire.com/news/home/20230920677409/en/EJF-Capital-Raises-Approximately-104-Million-for-EJF-Ventures-Fund
Zcash founder said that the only mining pool that has more than 50% of the Zcash mining hashpower is ViaBTC.
This news comes after Coinbase announced yesterday that the exchange is taking precautions due to a single mining pool owning more than half of Zcash's capacity. The exchange added more network confirmations and moved Zcash trading pairs to a "limit only" model.
https://x.com/zooko/status/1704558911938863191
CZ: “They got the direction wrong. I loaned $250 million to BAM a while back, not the other way around. And have not taken it back.”
https://x.com/cz_binance/status/1704440507793842405
LayerZero node has added a ZRO token withdrawal feature.
In addition, a ZRO page has recently appeared on CoinMarketCap.
https://x.com/nobrainflip/status/1704445264965038341
Top countries by cryptocurrency value received.
https://www.chainalysis.com/blog/central-southern-asia-cryptocurrency-adoption/ш
Bybit has listed Paypal USD (PYUSD) and added a pair to USDT.
https://announcements.bybit.com/en-US/article/bybit-to-list-pyusd-on-spot-bltc66947d710027edc/
Robert Kiyosaki calls to buy BTC again.
https://x.com/theRealKiyosaki/status/1704222837152846174
Binance CEO Changpeng ‘CZ’ Zhao received a $250 million loan from BAM Management U.S. Holdings, only to transfer it to BAM Trading, according to court documents unsealed this week.
https://decrypt.co/197850/binance-sec-us-ceffu-merit-peak
CZ: “Binance.US does not use, and have NEVER used Ceffu or Binance Custody.”
https://x.com/cz_binance/status/1704116090089968082
Balancer was hacked.
DeFi protocol lost ~$238k.
https://x.com/im_23pds/status/1704284941918589173
52 million Americans own crypto, according to a Coinbase research.
Nearly nine in ten (87%) Americans believe the financial system needs changing and half (51%) of Americans believe that America’s financial system does not work fairly for everyone. Most perceive the system as benefiting anyone but people like themselves, and only 14% are optimistic about the future of the financial system.
https://www.coinbase.com/blog/a-call-to-action-mobilizing-52-million-crypto-owners-into-an-army-of-1
Ethereum Request for Comments (ERC)-7512 is a proposed standard aiming to enhance Ethereum smart contract security by standardizing on-chain verification of smart contract audits.
The standard has been proposed by developers from Safe, Ackee Blockchain, OtterSec, ChainSecurity, OpenZeppelin, and Hats Finance.
https://www.theblock.co/post/251666/ethereum-standard-security-audits
Injective is introducing the launch of inEVM, the first-ever Ethereum Virtual Machine capable of achieving true composability across Cosmos and Solana.
The inEVM network was developed in collaboration with Caldera, a L2 rollup infrastructure platform backed by Sequoia.
https://blog.injective.com/injective-unveils-inevm-a-groundbreaking-ethereum-rollup-for-hyperscaling-multi-vm-development/