Binance conducted its 10th Proof of Reserves audit, confirming that the exchange's assets are more than 100% secured.
https://www.binance.com/en/proof-of-reserves
💧 Top Defi Protocols with Potential Airdrop
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Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.05T. Bitcoin is trading at $25.7K
dropstab | icodrops | twitter | telegram
Buterin has partnered with Chainalysis to release a paper on Privacy Pools.
Privacy Pools, a novel smart contract-based privacy-enhancing protocol.
The core idea of the proposal is to allow users to publish a zero-knowledge proof, demonstrating that their funds (do not) originate from known (un-)lawful sources, without publicly revealing their entire transaction transaction graph.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4563364
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/
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
Taiwan’s financial watchdog has drafted ten guiding principles for virtual asset service providers — set to be released by the end of this month.
The regulator plans to stipulate in the principles that offshore crypto exchanges would not be allowed to operate in Taiwan without proper compliance registration.
These principles are expected to include strengthening information disclosure, requiring businesses to establish review standards for virtual asset listing and delisting, and ensuring the separation and custody of companies’ and customers’ assets, according to the official.
One key restriction would be to strictly prohibit the illegal solicitation of business by foreign crypto firms.
https://www.theblock.co/post/249638/taiwan-plans-to-ban-offshore-crypto-exchanges-operations-if-not-compliant-says-official
Investments from this VC guarantee an airdrop.
https://twitter.com/cryppinfluence/status/1699460031325089881
Arkham identified 1,750 wallets containing $16.1 billion worth of BTC belonging to the Grayscale Bitcoin Trust.
The Grayscale Bitcoin Trust is the second largest BTC entity globally, Arkham says.
https://www.theblock.co/post/249593/arkham-intelligence-identifies-over-1750-wallet-addresses-tied-to-grayscale-bitcoin-trust
Visa’s Head of Blockchain Cuy Sheffield: “We see significant potential for blockchain networks. Blockchains today share some parallels with the early internet—particularly more than their fair share of skeptics, hecklers, and critics.”
Sheffield’s post underscored Visa’s recent work in leveraging stablecoin USDC and Solana to provide a more “modern option” for clients to send or receive funds. It also highlighted blockchain’s potential to make settlements more efficient and improve the ease of cross-border transactions.
https://decrypt.co/155182/visa-payments-will-rely-on-multiple-blockchains-says-head-of-crypto
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