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https://icodrops.com/ - Simple and beautiful ICO Calendar with independent ratings & analytics. With us it's impossible to miss the next great #ICO. 🚀 Contacts: @icodrops_support (for any questions)
FBI Arrests Alabama Man in the January 2024 SEC X Hack that Spiked the Value of Bitcoin
Eric Council Jr., 25, of Athens, Alabama, was arrested this morning, in Athens, in connection with a January 2024 unauthorized takeover of the U.S. Securities and Exchange Commission’s (SEC) X account, formerly known as Twitter, in which hackers posted a fake message from the SEC Chair that caused the value of bitcoin (BTC) to spike by $1,000.
According to the indictment, on January 9, 2024, Council conspired with others to take unauthorized control of the @SECGov X account (sometimes called the SEC’s Twitter account) and transmitted a fake post in the name of the SEC Chair, falsely announcing, in part, “Today the SEC grants approval for #Bitcoin ETFs for listing on all registered national securities exchanges.” Immediately after the tweet, the price of BTC increased by more than $1,000 per bitcoin.
Shortly after the unauthorized post, the SEC regained control over their X account and confirmed that the announcement was unauthorized and the result of a security breach. Following this corrective disclosure, the value of BTC decreased by more than $2,000 per bitcoin. (At the time, the SEC had been deliberating whether to approve exchange traded funds (ETFs) that held bitcoin.) An unauthorized actor gained control of the SEC X account through a “SIM swap.”
https://www.justice.gov/usao-dc/pr/fbi-arrests-alabama-man-january-2024-sec-x-hack-spiked-value-bitcoin
Crypto Exchange Kraken Launches Wrapped Bitcoin Token kBTC
The token will be available on both Ethereum and OP Mainnet, and will be backed 1:1 with bitcoin, a company spokesperson said.
The bitcoin will be custodied in Kraken Financial, the exchange's U.S. qualified custody solution, in a segregated wallet.
The minimum deposit size for kBTC on both Ethereum and Optimism will be 0.00026 BTC, which is around $15, assuming a bitcoin price of $60,000.
At launch, kBTC will be supported across several blue-chip DeFi apps, and its partners will include: Kraken, Kraken Wallet, Ethereum, Optimism, Paraswap, Yearn, Gauntlet, deBridge, Definitive, CowSwap, Beefy, Velodrome, Curve and Morpho.
https://www.coindesk.com/business/2024/10/17/crypto-exchange-kraken-launches-wrapped-bitcoin-token-kbtc/
deBridge trading has started on MEXC.
DBR is now trading at $0.035.
FDV: ~$350M
deBridge launches DBR and airdrops to 491,000 wallets.
You’ll be able to claim 50% of tokens now with 50% available after 6 months.
You can claim all of your DBR tokens immediately, minus a 20% penalty.
https://www.mexc.com/exchange/DBR_USDT
https://debridge.foundation/blog/debridge-launches-dbr-and-airdrops-to-491-000-wallets/
💧 Ongoing Testnets with Potential Airdrop
👉 https://dropstab.com/activities
💧 Top Blockchains by TVL Growth in the Last 30 Days
👉 https://dropstab.com/categories/blockchain
Vitalik Buterin shared key goals on how to increase the blockchain's capacity to handle over 100,000 transactions per second, using layer-2 scaling solutions while ensuring Ethereum remains decentralized and secure.
https://decrypt.co/286826/vitalik-buterin-lays-out-grand-vision-ethereum-layer-2s-the-surge-roadmap
dYdX launched a TRUMPWIN-USD Prediction Market with up to 20x leverage
https://x.com/dYdX/status/1846593195150311717
https://dydx.trade/trade/TRUMPWIN-USD
Spot ETF Flow on 16.10: BTC-ETF +$458.54M, ETH-ETF +$24.22M
https://sosovalue.com/assets/etf/us-btc-spot
It seems like something happen with Radiant Capital contract on BSC and Arbitrum.
The total lost is > $50M now.
https://x.com/AnciliaInc
XION has integrated with Union to bring Chain Abstraction to any L1 and L2.
https://fixupx.com/burnt_xion/status/1846545746793050305
OKX will delist BLOCK, UTK, AST, SIS, WXT and WIFI on October 24, 2024
Users have to withdraw coins by January 24, 2025.
https://www.okx.com/zh-hans/help/okx-to-delist-block-utk-ast-sis-wxt-and-wifi-spot-trading-pairs
Italy plans to raise capital gains tax on bitcoin from 26% to 42%
https://www.theblock.co/post/321407/italy-capital-gains-tax-bitcoin
Binance will support the Kaia (KLAY) rebranding to Kaia (KAIA).
At 2024-10-28 03:00 UTC, Binance will delist all existing KLAY spot trading pairs (i.e., KLAY/BTC and KLAY/USDT) and cancel all pending KLAY spot trading orders.
At 2024-10-31 08:00 UTC, Binance will open trading for the KAIA/USDT trading pair.
Deposits of KAIA tokens will be opened at 2024-10-31 07:00 UTC.
https://www.binance.com/en/support/announcement/binance-will-support-the-kaia-klay-rebranding-to-kaia-kaia-f75f933759ee49d0af1dfbce7e32144c
Gotbit: “Our CEO Alex Andryunin has been arrested in Portugal. We have no further details at this time, but rest assured, your accounts are safe with Gotbit.
We aim to prove the innocence of the company and our CEO Alex Andryunin. We are ready to cooperate fully with the authorities, providing all necessary documents to support the investigation and promptly resolve this misunderstanding.
We will keep you updated as more information becomes available. Thank you for your continued support.”
https://x.com/gotbit_io/status/1846271957559550222
All in Bits: “AiB has uncovered cause for serious security concerns with Cosmos Hub's Liquid Staking Module (LSM).
Timeline:
* Aug 2021: LSM development begins, led by Iqlusion & Zaki Manian
* Jul 2022: Oak Security audit reveals critical vulnerabilities; North Korean devs tasked with fixes
* Mar 2023: FBI informs Zaki of DPRK involvement
* Apr 2023: Despite notification from FBI, Zaki promotes LSM as "finished" and without disclosure to the Cosmos Hub community and pushes the LSM Signaling Proposal on chain
* Sep 2023: LSM integrated into Hub, 19 months post-audit
Key Concerns:
* Majority of LSM code written by North Korean agents
* The "LSM" is not a standalone module but a set of modifications to the existing staking/distribution/ slashing modules, potentially affecting all staked ATOM
* Vulnerabilities allowing slashing evasion persist
* 19 months of unaudited code changes
* Material misrepresentation by Zaki Manian & Iqlusion
* Lack of transparency from ICF, Stride Labs, Informal Systems
Recommendations:
* Immediate fix of the major staking vulnerability of the LSM
* Immediate, comprehensive LSM audit
* Full disclosure of DPRK involvement discovery timelines
* ICF blacklist of involved parties
* New audit & oversight protocols for ICF-funded projects
This breach undermines Cosmos Hub's security and integrity. AtomOne remains committed to these principles.”
https://x.com/Allinbits_inc/status/1846315815521440201
The Ambient Finance website domain has been hijacked and compromised.
Do not connect wallet. Do not sign any transactions.
https://x.com/ambient_finance/status/1846895776116379747
Upbit will list Injective (INJ)
https://upbit.com/service_center/notice?id=4562
Animoca Brands has disclosed that it intends to acquire additional WATCoins from the open market.
WATCoin is the utility token for WatBird, the Telegram Mini App built by Animoca Brands’ subsidiary GAMEE.
https://www.animocabrands.com/animoca-brands-to-purchase-additional-watcoin-from-open-market
AMA session right now about future Drops Bot, DropsTab, ICO Drops etc
/channel/EtherDrops_News
The PayPal USD token’s market capitalization is down 40% from a high above $1 billion set in late August, largely driven by a reduced circulating supply on Solana.
https://www.theblock.co/post/321584/paypals-pyusd-stablecoin-market-cap-is-down-40-from-its-high-above-1-billion-in-august
Fuel Labs has announced the launch of Fuel Ignition, a high-performance Ethereum Layer 2 powered by the FuelVM
https://fuel.mirror.xyz/U2xqey0oZFCrIBf7bO3yYyFplJKiJ0sfzAyYmhrPjag
Ethereum's staker revenue is on a slow descent, with September's total at $174 million, down from its March peak of $247 million. This trend mirrors broader crypto market sentiment.
Staker revenue has been gradually declining since March, reflecting reduced on-chain activity and lower overall market enthusiasm. September's staker revenue of $174 million dwarfs the $35.5 million generated from transaction fees, highlighting a significant reliance on the block subsidy.
The validator landscape continues to expand despite the revenue dip. Ethereum now boasts 1.09 million validators, showcasing growing participation in the network's security. This increase in validators comes even as individual rewards decrease, demonstrating continued faith in Ethereum's long-term prospects.
https://www.theblock.co/post/321613/ethereum-staker-revenue-drops-30-since-march-peak-as-onchain-activity-slows
Regulated financial service company Paxos has launched its wrapped USDL, a yield-bearing stablecoin, to the Injective ecosystem.
https://x.com/injective/status/1846574550034567299
The crypto market is neutral
BTC Dominance - 57.07%
Market Cap - $2.34T
BTC - $67,576.98 (+0.59%)
ETH - $2,641.72 (+0.86%)
BNB - $604.5 (+1.67%)
SOL - $154.63 (+0.2%)
INJ - $21.08 (+0.04%)
TON - $5.22 (+0.21%)
SUI - $2.14 (+7.09%)
EIGEN - $3.36 (-4.52%)
https://dropstab.com
Binance Labs has invested in Lombard, the developer and distributor of LBTC, a security-first Bitcoin liquid staked token that allows both individual holders and large institutions to earn yield on their Bitcoin while leveraging their assets in DeFi.
https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-lombard-to-connect-bitcoin-to-defi-4826217132625427247
https://www.theblock.co/post/321450/binance-labs-bitcoin-liquid-staking-lombard
The crypto market is growing
BTC is now trading at $67,818.
Top 300 gainers in 24h: GOAT +136%, MICHI +20%, STORJ +19%, METIS +18%.
https://dropstab.com/coins/bitcoin
HashKey postpones the scheduled October launch of the HashKey Group token (HSK)
https://x.com/HashKeyHSK/status/1846089476658843901
Aethir Foundation will start moving some ATH tokens into seperate wallets for the various planned grant programmes.
https://x.com/Jadenonclouds/status/1846377033297023158
💧 DeFi Projects in Bitcoin Ecosystem by Total Funds Raised
👉 https://dropstab.com/tab/defi-on-bitcoin-9srn9r0hpz
Arthur Hayes has introduced a new article “Persistent Weak Layer”
https://cryptohayes.substack.com/p/persistent-weak-layer