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
The FLX price has increased by ~80% after Buterin's statement about RAI stablecoin.
Vitalik shared his thoughts in the Reflexer Finance discord and stated that RAI, the first stablecoin on the Reflexer platform, could benefit small LSDs.
He also believes that the emergence of RAI could address Lido's dominance in the LSD ecosystem (Lido controls over 30% of LSDs).
https://x.com/rezajafery/status/1698131823598178470
This week, 6 projects (VEGA, GAL, TKO, GMT, AZERO, ICP) will unlock tokens worth over $32 million in total.
VEGA - 833k tokens ($1.08 million) - September 5
GAL - 2.12 million tokens ($2.38 million) - September 5
TKO - 12.17 million tokens ($2.72 million) - September 7
GMT - 87.92 million tokens ($13.69 million) - September 9
AZERO - 1.67 million tokens ($1.3 million) - September 10
ICP - 3.31 million tokens ($10.86 million) - September 11
https://dropstab.com/insights/vesting
France’s data watchdog conducts checks at Worldcoin office in Paris.
https://news.bitcoin.com/frances-data-watchdog-conducts-checks-at-worldcoin-office-in-paris/
The second largest bank in El Salvador, Banco Cuscatlán, now accepts bitcoins as a means of payment for loans.
https://x.com/volcano_energy/status/1698252067595239523
Gala Games CEO, Eric Schiermeyer, and co-founder, Write Thurston, have filed lawsuits against each other.
Schiermeyer accuses Thurston of illegally acquiring and then selling $130 million worth of GALA tokens.
Thurston, on the other hand, accuses Schiermeyer of embezzling millions of dollars worth of company assets and engaging in fraudulent activities that he believes caused damage to the company.
The GALA price has decreased by 4%.
https://twitter.com/jakebrowatzke/status/1697905305315635608
A recent filing from the FTX debtors, led by CEO John Ray III, revealed how the executives of Alameda Research, the trading firm primarily owned by former FTX CEO Sam Bankman-Fried, benefitted from personal cash transfers of company funds.
Included within the list were over $900 million in transfers to Sam Bankman-Fried labeled simply as “Cash Payment,” $15.5 million in cash transfers, and a single $3.5 million transfer to ex-Alameda CEO Caroline Ellison.
The list also showed a $2.5 million payout to the American Yacht Group for ex-Alameda co-CEO Samuel Trabucco. The trader said he had recently bought a boat when he announced his resignation from the company a few months before it collapsed.
https://www.theblock.co/post/248849/ftx-filing-shows-company-bought-yacht-for-former-co-ceo-sam-trabucco
The Internet Computer (ICP) booth at the NFT Festival in Lugano will be presented in the form of a village.
They will show 9 star projects in the fields of NFT, DeFi, SocialFi, Creator Economic, VR based on ICP.
https://nft-fest.ch/
Ripple files opposition to the SEC’s motion to certify interlocutory appeal.
https://x.com/eleanorterrett/status/1697705048841519170
Uniswap v4 will come after the Dencun upgrade.
https://x.com/uniswap/status/1697681388953272823
Plan B: “Sorry, we have to get rid of all tourists and weak hands before take-off. Almost there.”
He recalled his prediction made in January:
- November 2022 low of $15,5K was the bottom
- BTC has crossed Short Term Holder (STH) and will rise into 2024-halving and subsequent 2025 bull market. Several on-chain signals confirm STH signal.
- 2024 halving will be >$32K
- 2025 bull market >$100K
https://x.com/100trillionusd/status/1697569070193799539
💧Current state of the market in our weekly overview
dropstab | icodrops | twitter | telegram
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
JPMorgan says SEC would likely be forced to approve spot bitcoin ETFs following Grayscale's win.
https://www.theblock.co/post/248879/jpmorgan-bitcoin-etf-sec-grayscale
Since August 22, the combined market caps of USDT, USDC, BUSD, DAI, TUSD and USDP have increased by $663.2 million, the first increase since the FTX collapse.
https://twitter.com/santimentfeed/status/1698184643449905476
Coin98 Ventures rebrands to Arche Fund.
Arche Fund is centered around the three core pillars:
1. Arche Ventures: An early-stage venture capital firm, supporting emerging Web3 projects.
2. Kompass: A Web3-native acceleration program, guiding Web3 businesses throughout their entire journey.
3. Arche Capital: A pivotal source of capital, backing groundbreaking Web3 ideas.
https://blog.arche.fund/introducing-arche/
Alex G, co-founder of Matter Labs and zkSync, presented a new governance proposal: use L1 Fork as the ultimate means of dispute resolution and create a hierarchical court system on the network, similar to a court system in the real world, using a standard ERC interface.
https://twitter.com/gluk64
House of Representatives member Tom Emmer: “crypto is not an industry rife with noncompliance”.
https://x.com/gopmajoritywhip/status/1698058461169525105
Elon Musk's biography, which will be published on September 12, mentions that he secretly funded the development of DOGE and wanted to create a social network on the blockchain.
https://www.wsj.com/tech/elon-musk-twitter-x-takeover-walter-isaacson-5f553fa
A big NFT whale Machi Big Brother bought Mutant Ape 30002 for 500 ETH ($800,000), 9375% above the floor-price.
https://looksrare.org/collections/0x60E4d786628Fea6478F785A6d7e704777c86a7c6/30002
FTX wallets have started transferring tokens.
https://twitter.com/napgener/status/1697326270487425288
The Colorado Division of Motor Vehicles has announced that DMV now accepts cryptocurrency through PayPal for online payments.
Colorado residents can pay in cryptocurrency for driver's license renewal or vehicle registration fees.
https://dmv.colorado.gov/press-release/mydmv-now-accepts-cryptocurrency-as-payment-for-dmv-services
Robinhood buys SBF Emergent Fidelity Technologies Ltd. stake for $605.7 million from the U.S. government.
https://www.sec.gov/Archives/edgar/data/1783879/000178387923000201/hood-20230830.htm
CZ stated that DeFi is the future. It will grow five to ten times bigger than CeFi.
https://twitter.com/cz_binance/status/1697574830156177816