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Crypto payments provider CoinsPaid was hacked for $37 million last month.
The hack was most likely carried out by the North Korea-linked Lazarus Group, according to a report shared with DL News.
Hackers tricked a CoinsPaid employee into thinking they were being interviewed for a lucrative job and downloading malicious software.
https://www.dlnews.com/articles/defi/how-north-korea-lazarus-group-stole-crypto-from-coinspaid/
Cathie Wood says SEC will approve multiple bitcoin ETFs at once.
https://www.bloomberg.com/news/articles/2023-08-07/cathie-wood-says-sec-will-approve-multiple-bitcoin-etfs-at-once
KuCoin will upgrade its standard user identity verification procedure (users will need to upload their identity documents and complete face verification to pass the standard identity verification).
This upgrade will be officially implemented from 00:00 on August 31, 2023 UTC.
https://www.kucoin.com/ru/announcement/en-announcement-regarding-kucoin-s-upgraded-standard-user-identity-verification-procedure
Gate.io has listed Kyve Network.
KYVE is now trading at $0.048.
In addition, Huobi will list KYVE on August 8.
KYVE Network is a project developed on the basis of Arweave infrastructure, which aims to provide decentralized and secure data storage.
https://www.gate.io/trade/KYVE_USDT
Justin Sun: “Ignore FUD, keep building! TRON and Huobi will thrive through continuous development. Trust in our vision and community efforts for a stronger future. Perseverance guarantees success!”
https://twitter.com/justinsuntron/status/1688396464417120256
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.17T. Bitcoin is trading at $29.1K
dropstab | icodrops | twitter | telegram
Andrew Kang shared his texting with Egorov.
Egorov:
I did Wintermute only because they arb Curve very well, and I have some plans to spin forex markets properly.
I did simulations with some interbank data and holy f.
Kang:
What do you mean spin forex markets properly? How does it differ from curves volatile pools.
Egorov:
Arb is the key for Curve pools working.
Arb with real low-fee forex markets.
Kang:
How do you think it would compare to current onchain venues for trading forex pairs and vs offchain venues.
Egorov:
Onchain venues, and cryptoCEXes are absolute shit for that.
Currently
I have some alternative ideas.
But arb <>tradfi is proper, strongest way
https://twitter.com/rewkang/status/1687897548554633216
Rumors: Cryptocurrency exchange Huobi is insolvent.
Huobi representatives denied the rumors.
https://twitter.com/adamscochran/status/1687959096316542976
New reports were released that point to a major slowdown in NFT trading. Still, developers continue to deploy millions of smart contracts across EVM-compatible chains, pointing to interest in finding broader use cases for blockchain tokens.
https://www.coindesk.com/web3/2023/08/05/nft-trading-is-ice-cold-but-developers-are-still-hot-for-web3/
Elon Musk has stated that he will never launch a crypto token.
https://twitter.com/elonmusk/status/1687662311010631680
The Curve Finance exploiter returned a total of 4,820 alETH and 2,258 ETH to the protocol.
That’s around $12.7 million in returned funds.
https://www.theblock.co/post/243267/curve-finance-exploiter-returns-8-5-million-in-stolen-funds
🚀 DropsTab algorithms have identified new token entering their accumulation phase!
Keep an eye on $AXL 👀
You can also track other tokens in accumulation on DropsTab.com
👉 https://dropstab.com/insights/accumulation-phase
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
Tether CTO Paolo Ardoino blames CZ for USDT dumping and manipulating market to promote the new stablecoin.
https://twitter.com/paoloardoino/status/1687203348561223680
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.17T. Bitcoin is trading at $29.2K
dropstab | icodrops | twitter | telegram
PYUSD supply is at 26.9 million coins.
https://github.com/paxosglobal/pyusd-contract
Elon Musk's brain chip startup Neuralink has raised $280 million in a funding round led by Peter Thiel's Founders Fund, months after securing approval for its first in-human clinical trial.
The company did not reveal the valuation at which the funds were raised. In June, Reuters reported that the company was valued at about $5 billion after privately executed stock trades.
https://www.reuters.com/technology/musks-neuralink-raises-280-mln-latest-fundraise-2023-08-07/
PayPal launches a stablecoin PayPal USD (PYUSD).
PayPal USD will be pegged to dollar, issued by Paxos Trust.
https://www.bloomberg.com/news/articles/2023-08-07/paypal-launches-us-dollar-stablecoin-pyusd-for-payments-transfers#xj4y7vzkg
💧 Top Popular NFT Collections (ATH vs Today’s Prices)
dropstab | icodrops | twitter | telegram
Binance Research released a research on Telegram bots, sparking rumors that Binance may list bot-related tokens.
Key points:
▫️Telegram bots have gained significant attention in recent weeks as surging token prices and coverage by the media and key opinion leaders drive interest to the space.
▫️By offering users a range of functions such as trading, sniping, airdrop farming, and others, Telegram bots enable crypto users to execute crypto activities easily via their mobile devices in a user-friendly manner.
▫️The cumulative lifetime volume of trades facilitated on Telegram bots has exceeded US$190M, with a record high of US$10M in daily trading volume recorded on July 23, 2023.
▫️The revenue model of Telegram bots involves charging users a transaction fee and, in some cases, a purchase or sales “tax” for transactions involving a bot’s native token. Total revenue captured by Telegram bots has surpassed US$28.7M.
▫️It is too early to gauge organic demand, as much of the current activity has been driven by skyrocketing token prices. Nonetheless, we will likely see continued developments, at least in the near future, as projects compete for market share.
▫️Users should conduct their own due diligence before interacting with any Telegram bot. This report does not constitute an endorsement or recommendation of Telegram bots by Binance Research.
https://research.binance.com/en/analysis/telegram-bots-exploring-the-landscape
Five projects (DAO, GMT, ICP, BMEX, APT, SAND) are set to unlock tokens worth over $212 million this week.
https://dropstab.com/insights/vesting
Leetswap (DEX on Base affected by exploit) plans to relaunch and airdrop the token to current holders.
https://twitter.com/leetswap/status/1688188431694774272
All funds stolen by the hacker of the Alchemix Curve Finance pool have now been returned.
https://twitter.com/alchemixfi/status/1687921557417377793
Brian Armstrong, the CEO of Coinbase, said leaving US ‘not even in the realm of possibility right now’.
https://cointelegraph.com/news/coinbase-ceo-leaving-usa-not-realm-possibility-right-now
Global X has filed an application to list a spot bitcoin exchange-traded fund (ETF) product.
https://www.coindesk.com/policy/2023/08/04/global-x-refiles-spot-bitcoin-etf-application-naming-coinbase-as-surveillance-sharing-partner/
CyberConnect has launched a community rewards verification site.
Claim will be available on August 15th.
https://cyber.co/rewards
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Chromia Innovation Lab was electrifying as the second Incubation Program of 2023.
The 2nd Incubation Program has concluded, spotlighting dApps from blockchain visionaries, designers, and developers.
https://blog.chromia.com/chromia-innovation-lab-demo-day/
Coinbase (COIN) beat analyst estimates for the second quarter, reporting revenues of $708 million and adjusted earnings of a loss of $0.42, ahead of analyst estimates of revenues of $628 million and earnings per share of a loss of $0.76.
https://www.coindesk.com/business/2023/08/03/coinbase-shares-jump-as-exchange-beats-analyst-estimates-for-q2/