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Genesis Global Capital filed a suit against Digital Currency Group (DCG) and Digital Currency Group International (DCGI), seeking the repayment of multiple loans with a principal amount of over $600 million.
https://www.coindesk.com/policy/2023/09/06/genesis-global-capital-files-for-over-600m-in-unpaid-dcg-loans-court-docs/
Asset managers ARK Invest and 21Shares have applied for regulatory approval for an exchange-traded fund (ETF).
Bloomberg analyst James Seyffart suggests that the final deadline for these filings will be around May 23, 2024.
https://www.coindesk.com/business/2023/09/06/cathy-woods-ark-invest-files-for-first-spot-ether-etf/
💧Top Mainnets with Potential Airdrop
https://dropscapital.com/
Decentralized exchange (DEX) platform dYdX plans to offer a “purely decentralized” order book exchange as it migrates its ecosystem from the Ethereum network to the interchain network Cosmos.
https://cointelegraph.com/news/dydx-to-launch-decentralized-order-books-exchange-on-cosmos-kbw-2023
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.05T. Bitcoin is trading at $25.7K
dropstab | icodrops | twitter | telegram
There was a block failure at Base, the network is working fine now.
https://status.base.org/
Coinbase has created a new crypto lending service in the U.S. for institutional clients.
The platform was quietly revealed in a U.S. Securities and Exchange Commission filing on Sept. 1, which showed $57 million had already been raised for the program.
https://www.coindesk.com/business/2023/09/05/coinbase-creates-new-crypto-lending-service-geared-toward-large-investors/
MetaMask announced a Sell feature that allows the user to cash out cryptocurrency to fiat currency.
https://metamask.io/news/latest/sell-cash-out-your-crypto-to-fiat/
USDC launched on the OP and BASE blockchains.
https://www.circle.com/blog/now-available-usdc-on-op-mainnet
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.04T. Bitcoin is trading at $25.7K
dropstab | icodrops | twitter | telegram
Stake.com resumed withdrawals to BSC/ETH after $40 million hack.
https://x.com/stake/status/1698809658742637022
South Korea plans to pass a law to strengthen cybersecurity and confiscate cryptocurrency stolen by North Korea.
https://protos.com/south-korea-plans-to-bolster-cybersecurity-and-seize-norths-crypto/
The trading volume of Multichain (MULTI) increased by 7500% in 24 hours, and the token price increased by 115%
Earlier, the Multichain project announced that it would cease operations after serious problems caused by a bridge hack and the theft of more than $100 million in assets.
https://dropstab.com/coins/multichain
The Stake.com platform was allegedly hacked, resulting in the theft of about $16 million in ETH.
The Stake.com platform specializes in gambling, sports betting and casinos.
https://twitter.com/peckshield/status/1698697721342042621
Trading volume on the DEX in August fell to its lowest since December 2020.
Trading volume reached $22.2 billion, down from $21.9 billion in December 2020.
https://www.theblock.co/data/decentralized-finance/dex-non-custodial/dex-volume-monthly
Tornado Cash developer Roman Storm pleaded "not guilty" to charges of conspiring to operate a money transmitter or facilitate money laundering and sanctions evasion.
Storm, a dual U.S. and Russian citizen, will be released on a $2 million personal recognizance bond secured by his residence in Washington state.
The Tornado Cash co-founder will remain under house arrest at his Washington home, and will receive regular drug testing.
https://www.coindesk.com/policy/2023/09/06/tornado-cash-developer-roman-storm-pleads-not-guilty-to-money-laundering-other-charges/
Google will allow promotion of blockchain-based games involving NFTs starting Sept. 15.
For NFT games, the following are not allowed:
▫️Promotion of games where players can wager or stake NFTs in exchange for the opportunity to win anything of real-world value (including other NFTs).
Examples (non-exhaustive): Games that allow players to stake NFTs in exchange for fungible tokens such as cryptocurrencies.
▫️Promotion of social casino games that reward NFT.
Examples (non-exhaustive): Simulated casino gambling (for example, poker, slots or roulette) that offer the opportunity to win NFTs.
▫️Promotion of "real money gambling" destinations. This includes gambling-related advertisements that appear on your game's destination.
https://support.google.com/adspolicy/answer/13985443
The vulnerability that caused Euler to be hacked for $200 million was caused by a patch for another vulnerability.
https://twitter.com/kankodu/status/1698992717089604064
Henley & Partners stated that there are 88,200 crypto millionaires worldwide, with just under half (40,500) holding their fortunes in Bitcoin.
https://www.henleyglobal.com/newsroom/press-releases/crypto-wealth-report-2023
LayerZero is now live on Zora Network mainnet.
https://x.com/layerzero_labs/status/1699084139264393586
CZ denies FUD about Jim Cramer recommending Binance.
A post with screenshots from Jim Cramer's speech where he says the following has gone viral at X: “CZ looks like a good guy, I’m bullish here — loading up on their tokens. Way oversold!”
He said the same thing about FTX and SBF before they went under… if this isn’t the biggest indicator that Binance is about to go bust, I don’t know what is.
CZ says it's a photoshopped image.
https://x.com/cz_binance/status/1699143872918548634
Global payments processor Visa has rolled out support for USD Coin (USDC) payments settled on the Solana blockchain as its stablecoin offering begins to expand.
https://cointelegraph.com/news/visa-taps-into-solana-to-widen-usdc-payment-capability
Bloomberg said profits of cryptocurrency market makers fell 20-30% after the FTX bankruptcy.
https://www.bloomberg.com/news/articles/2023-09-05/crypto-market-making-profit-margins-sink-30-post-ftx-bankruptcy
The Connext airdrop will be claiming today at 13:00 UTC.
The team removed 5,725 Sybil addresses, recovering 5 billion NEXT tokens, 25% of which will be redistributed.
Listings on Bybit, Huobi, and Gate exchanges confirmed.
https://forum.connext.network/t/connext-sybil-hunter-program-results-and-insights/633
There's an interesting documentary report about SBF that came out.
https://www.youtube.com/watch?v=w3EYKuFGJ5c
Casio is collaborating with Polygon Labs to launch a virtual G-SHOCK watch on the Polygon blockchain.
Starting Sept. 23, users can claim one of 15 000 NFT-based G-SHOCK creator passes, granting them access to a dedicated Discord channel for the project, according to a statement. Casio customers already registered for a CASIO ID at the company’s membership site can particpate in the pre-distribution stage from Sept. 23-26. A public distribution phase will then follow on Sept. 26-29.
https://www.theblock.co/post/249056/casio-virtual-g-shock-nfts-polygon
A total of ~$41M worth of cryptos were drained from Stake, with ~$15.7M on Ethereum (9.62K ETH), ~$7.85M on Polygon (14.24M MAITC), and $17.75M on BNBChain (82.65K BNB).
https://x.com/peckshieldalert/status/1698870451815285045
300K ETH (~$486 million) was transferred from two unknown wallets to Coinbase.
https://twitter.com/whale_alert/status/1698715747537612883
Binance’s global head of product, Mayur Kamat, has stepped down.
Kamat is among several senior executives who recently left Binance amid regulatory woes.
https://www.theblock.co/post/248927/binance-mayur-kamat
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.05T. Bitcoin is trading at $25.9K
dropstab | icodrops | twitter | telegram