Rumours: Winklevoss twins secretly withdrew $280M in assets before crypto firm Genesis collapsed.
https://nypost.com/2023/09/27/winklevoss-twins-secretly-withdrew-282m-in-gemini-assets-before-genesis-collapse-sources/
Terraform Labs founder Do Kwon has asked a federal court to reject the U.S. Securities Exchange Commission's request to question him in the U.S.
https://www.coindesk.com/policy/2023/09/27/terraform-labs-founder-do-kwon-opposes-secs-extradition-request/
Kraken plans to offer trading in US-listed stocks and exchange-traded funds.
Kraken will initially offer trading in the US and UK through a service built by a new division called Kraken Securities.
https://www.bloomberg.com/news/articles/2023-09-27/crypto-exchange-kraken-to-offer-trading-in-us-stocks-rivaling-robinhood-hood#xj4y7vzkg
Gary Gensler says Bitcoin is not a security, refuses to say it’s a commodity.
https://watcher.guru/news/secs-gary-gensler-says-bitcoin-is-not-a-security
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.05T. Bitcoin is trading at $26.2K
dropstab | icodrops | twitter | telegram
Four U.S. House lawmakers demand Gensler abandon efforts to block BTC-ETFs.
https://www.coindesk.com/policy/2023/09/26/us-house-lawmakers-push-secs-gensler-to-approve-spot-bitcoin-etf-immediately/
Franklin Templeton has filed a 19b-4 with the SEC to begin the BTC-ETF review process.
https://x.com/jseyff/status/1706746311305798079
Crypto lender BlockFi gets court nod for plan to repay customers.
https://cointelegraph.com/news/crypto-lender-block-fi-liquidation-plan-approval-repay-customer
FUD: Binance has a crisis.
▫️More than a dozen top executives have quit in the past three months.
▫️At least 1,500 employees have been laid off so far this year.
▫️The U.S. Department of Justice is conducting a multi-year investigation into the exchange, which could lead to billions of dollars in fines, and criminal prosecution of CZ's operations.
▫️There are rumored to be internal talks about CZ's departure.
https://www.wsj.com/finance/currencies/the-worlds-biggest-crypto-firm-is-melting-down-338b8e17
Celestia has announced the launch of Genesis Drop.
The Genesis Drop allocates 60 million TIA (6% of total supply).
The Genesis Drop claiming period will conclude on 17 October 2023, 12:00 UTC.
https://blog.celestia.org/genesis-drop/#research-public-goods
Microsoft plans to integrate crypto wallet into Xbox.
https://blockzeit.com/microsoft-xbox-crypto-wallet-integration-leaked/
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.05T. Bitcoin is trading at $26.2K
dropstab | icodrops | twitter | telegram
The U.S. government shutdown could lead to a halt in SEC litigation and delay crypto bills.
https://www.coindesk.com/policy/2023/09/25/us-shutdown-assuming-it-doesnt-run-long-will-slow-not-cripple-crypto-efforts/
The Securities and Exchange Commission filed papers raising objections to crypto firm Celsius Network's plan to distribute digital assets to customers as part of a reorganization plan through Coinbase.
https://x.com/deitaone/status/1706336331100484063
A digital euro is at least two years away, the European Central Bank’s president told.
https://www.coindesk.com/policy/2023/09/25/digital-euro-at-least-two-years-away-ecbs-lagarde-says/
The SEC delayed decisions due on the proposed ARK 21Shares Ethereum ETF and VanEck Ethereum ETF.
A new decision deadline was set for Dec. 26.
https://www.theblock.co/post/253311/sec-delays-decision-on-ark-21shares-ethereum-etf
IBM Quantum and Microsoft have formed a coalition to tackle post-quantum cryptography alongside not-for-profit research tank MITRE, United Kingdom-based cryptography firm PQShield, Google sibling company SandboxAQ and the University of Waterloo.
https://cointelegraph.com/news/ibm-microsoft-form-post-quantum-cryptography-coalition-encryption-computing-bitcoin
CoinList has announced Subsquid’s incentivized testnet.
Subsquid is a data network designed for the future of Web3. Rapidly and cost-efficiently retrieve blockchain data from 100+ chains using Subsquid’s decentralized data lake and open-source SDK to build billion-user dApps.
Node Runners: Maximum of 500 participants selected via application.
Other Testnet Participants: Unlimited.
Top-ranked 4,000 will be eligible for rewards.
Anticipated to last approximately 4 months.
26,600,000 SQD representing ~2% of total token supply.
https://blog.coinlist.co/announcing-subsquids-incentivized-testnet-on-coinlist-rjlsb/
In a few hours, BTC rose to $26800 (+2.1%), ETH - $1630 (+2.3%).
https://www.tradingview.com/chart/
Michael Egorov deposited 68M CRV ($35.5M) to Silo and borrowed 10.77M crvUSD in the past 2 days.
Then swapped crvUSD for USDT and repaid the all debt on Aave.
He currently has 253.67M CRV ($132.52M) in collateral and $42.7M in debt on 4 platforms.
https://x.com/lookonchain/status/1706846422304534836
US Federal Reserve Banks say stablecoins could ‘become a source of financial instability’.
https://cointelegraph.com/news/us-federal-reserve-banks-stablecoins-money-market-funds-source-financial-instability
The Securities and Exchange Commission moved to delay a decision on the proposed ARK 21Shares Bitcoin ETF into next year, with a new deadline of Jan. 10.
https://www.theblock.co/post/253108/sec-moves-to-delay-decision-on-ark-21shares-bitcoin-etf-into-next-year
Arbitrum Odyssey has officially launched.
The event will last for 7 weeks. Week 1 starts from September 26, 16:00 UTC to October 1, 16:00 UTC.
https://x.com/arbitrum/status/1706700295688864091
Paradigm launches Policy Lab in move to advance crypto advocacy.
https://www.theblock.co/post/252862/paradigm-launches-policy-lab-in-move-to-advance-crypto-advocacy
HSBC can now pay their mortgage bills and loans with cryptocurrencies through FCF Pay.
Some of the accepted cryptocurrencies you can pay with are: Bitcoin, Ethereum, Binance Coin, Ripple, Doge, Shiba Inu, and others.
https://u.today/shib-xrp-payments-now-available-for-hsbc-bank-users-via-this-partnership
FUD by Adam Cochran: “Oh btw Huobi is probably insolvent again. I'd guess Justin has a debt of around $2.4B in user assets owed across Huobi and Tron ecosystems”.
https://x.com/adamscochran/status/1706329246778413559
Binance is seeking to launch stablecoins denominated in the dollar, euro and yen in Japan next year.
https://www.bloomberg.com/news/articles/2023-09-26/binance-seeks-to-launch-stablecoins-in-japan-with-mufg-unit
Binance reopened registration and access to products and services in Belgium.
https://x.com/binanceflemish/status/1706310144366129565
The Polkadot team said it is working on a solution that should increase parachain throughput by 8x.
https://www.polkadot.network/blog/elevating-polkadots-performance-and-scale-with-asynchronous-backing
The reason for the Mixin ($200 million) hack is a hack into a cloud service where the company stored private keys of deposit addresses, according to BloxSec.
https://x.com/blocksecteam/status/1706319766544155068