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
Ilya Lichtenstein should spend five years in prison for a money-laundering conspiracy tied to the $6 billion hack of Bitfinex, US prosecutors told a judge.
https://www.bloomberg.com/news/articles/2024-10-16/us-urges-five-years-for-mastermind-of-6-billion-crypto-heist
Grayscale Investments has filed to convert its mixed-crypto fund containing bitcoin, ether, solana, XRP and AVAX into an ETF.
https://www.theblock.co/post/321286/grayscale-files-to-convert-mixed-crypto-fund-with-bitcoin-ether-and-solana-into-etf
World Libery Financial sold 705 million tokens WLFI (~$10.5M) since the public sale began earlier Tuesday morning.
https://www.worldlibertyfinancial.com/
The crypto market is growing
BTC Dominance - 57.02%
Market Cap - $2.33T
BTC - $67,088 (+2.44%)
ETH - $2,617.2 (+0.22%)
BNB - $593.8 (+1.47%)
SOL - $154.2 (-0.88%)
INJ - $21.04 (-1.56%)
TON - $5.21 (-0.89%)
SUI - $1.98 (-10.44%)
EIGEN - $3.53 (-2.69%)
PUFFER - $0.4963 (-11.97%)
https://dropstab.com
Wintermute: Weekly on-chain trading volume is up 50% to $39 billion, with Solana outpacing Ethereum:
• Solana: $51 billion
• Ethereum: $46 billion
Memecoin influence on Solana is growing:
• 40% of Solana's trading volume from memecoins
https://x.com/wintermute_t/status/1846095458604863751
Sui Foundation disputes $400 million insider selling allegation amid token’s price surge
https://x.com/SuiNetwork/status/1845890142906863865
The crypto market is growing
BTC Dominance - 56.31%
Market Cap - $2.30T
BTC - $65,338 (+1.69%)
ETH - $2,609.99 (+3.1%)
BNB - $584.6 (+0.47%)
SOL - $155.28 (+1.64%)
INJ - $21.43 (+1.68%)
TON - $5.26 (+0.08%)
SUI - $2.21 (-1.63%)
EIGEN - $3.63 (+0.85%)
PUFFER - $0.56 (+28.67%)
https://dropstab.com
The market is positive. BTC > $65,600. ETH > $2,600
https://dropstab.com/coins/bitcoin
Puffer Airdrop claim is live
https://claims.puffer.fi/
https://api.hedgey.finance/token-claims/
💧 Price Gainers Among Top 100 in the Last Week
👉 https://dropstab.com/tab/top-gainers
💧 Grayscale Single Asset Trusts by AUM
👉 https://dropstab.com/tab/grayscale-assets-rqpv9f3m0x
The crypto market is neutral
BTC Dominance - 56.20%
Market Cap - $2.21T
BTC - $62,750 (+0.2%)
ETH - $2,461.05 (+0.78%)
BNB - $573.8 (-0.58%)
SOL - $145.51 (+0.11%)
INJ - $20.32 (-0.9%)
TON - $5.24 (+0.38%)
SUI - $2.22 (+10.34%)
APT - $10.23 (+20.17%)
SCR - $1.16 (+7.31%)
https://dropstab.com
💧 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
Spot ETF Flow on 15.10: BTC-ETF +$371.02M, ETH-ETF -$12.7M
https://sosovalue.com/assets/etf/us-btc-spot
Tesla has moved 11509 bitcoins worth an estimated $770 million to new addresses.
https://www.theblock.co/post/321287/tesla-moves-over-500-million-worth-of-bitcoin-to-multiple-new-addresses
Canary Capital has filed the first Form S-1 for a LTC ETF with the U.S. Securities and Exchange Commission (SEC).
https://www.sec.gov/Archives/edgar/data/2039461/000199937124013330/0001999371-24-013330-index.htm
The market is positive. BTC > $66,100. ETH > $2,500
https://dropstab.com/coins/bitcoin
💧 The Newest Blockchains and Their Funding Rounds
👉 https://dropstab.com/insights/latest-fundraising-rounds
Spot ETF Flow on 14.10: BTC-ETF +$555.86M, ETH-ETF +$17.07M
https://sosovalue.com/assets/etf/us-btc-spot
Larry Fink says Bitcoin will become as huge as the US housing market.
It doesn’t matter if Donald Trump or Kamala Harris wins on November 5 for that to happen, the BlackRock CEO said.
https://x.com/EricBalchunas/status/1845944946991276494
https://www.dlnews.com/articles/markets/blackrock-ceo-larry-fink-says-data-not-election-to-drive-btc/
Hyperliquid has announced the launch of the native token, HYPE
https://x.com/HyperFND/status/1845851735363027270
Puffer trading has started on Bybit.
PUFFER is now trading at $0.41
FDV: $416M
https://www.bybit.com/en/trade/spot/PUFFER/USDT
💧 Top Memes by Social Performance Created in the Last 30 Days
👉 https://dropstab.com/tab/new-memes-kawhhf9ut5
The crypto market is growing
BTC Dominance - 56.34%
Market Cap - $2.26T
BTC - $64,340 (+2.52%)
ETH - $2,532.76 (+2.9%)
BNB - $582 (+1.43%)
SOL - $152.86 (+5.04%)
INJ - $20.97 (+2.38%)
TON - $5.28 (+0.76%)
SUI - $2.26 (+1.14%)
APT - $10.16 (-0.53%)
EIGEN - $3.59 (-3.6%)
https://dropstab.com
World Liberty Financial public sale starts Oct. 15th, at 13:00 UTC
https://x.com/worldlibertyfi/status/1844790596214444215
Scroll co-founder: “I don’t think partnering with Binance is "kneeling to a CEX for listing" - it's way more than that, it's a strategic decision to build a partnership for growth and broader support. However, it is indeed a tough decision. Here are some of my thoughts:
1) Binance on-ramp and off-ramp support for stablecoin is big.
This is a major factor for us, especially given the strong demand from ecosystem projects and builders in emerging markets. Having visited Africa, I’ve seen that everyone uses Binance - it even holds stronger legitimacy than Ethereum for many locals.
If we want to build a competitive ecosystem with real global reach, compete with Tron in these markets, and attract different categories of users to the Ethereum ecosystem, strong CEX support is absolutely crucial. No zk layer 2 currently has stablecoin support, it’s a classic chicken-and-egg problem - they want to see adoption, but adoption only comes if this channel opens.
We take the aggressive path to open this for long-term growth. If we didn’t have the ecosystem and builder demand, I would be 1000% against doing this for just a listing. There's additional support that I can’t disclose yet, but this move is much more than just a listing.
2) Timing is quite different with lots of uncertainty.
When ETH, Arbitrum, and Optimism launched, CEXs didn’t have the same leverage in terms of distribution, and it was relatively easy to get CEX support before. Tron actually made a very good move on this - it got all CEX support and subsidized stablecoin transfers to 0, and then there is a network effect built around it.
Currently, layer 2 solutions are becoming commoditized, and the market is moving fast. Crypto users generally dislike infrastructure, so it’s tough timing to get the deep support we need. We can definitely bet on getting listed without any deal, but we know other deeper support will take at least months time (e.g., Celo has been around for years but only recently got native USDT support, and adoption picked up after Binance got involved).
With this timing, we have to decide between moving fast now or potentially waiting another 6-12 months for uncertain support.
3) Launchpool money comes from the growth bucket, not the community airdrop.
We’ve reserved 15% for community airdrops, and the launch pool allocation comes from our ecosystem and growth category, it doesn't influence how much our own community will get. It's because we believe it will drive global expansion as an ecosystem growth strategy We’ve compared it to Apple charging fees from apps - it’s not unreasonable considering the level of distribution they provide. Our own community will get way more via a sequence of airdrops similar to what Optimism has done.
Also, if we look at the result, over 1 million users are participating in this process, and to ensure fairness, pre-market purchases will be capped at 2,500 SCR per user. It’s similar to an airdrop for new user acquisition, though some Binance whales will earn more during this process - but that's a trade-off we accept.
Last thought on the long-term growth.
Long-term, I believe layer 2 solutions need real distribution and organic growth. Arbitrum and Base are doing a great job, but no layer 2 has fully achieved that yet. We need to be very practical for the next stage if we want this industry to make an impact to the real world.
Token distribution isn't a one-time event, it’s a growth lever and also helps with protocol decentralization and governance. After the initial sell-off, we expect the community that trusts us to hold, and distribution will stabilize in a healthy way. Even now, pre-market sentiment is divided - some are pretty bearish, expecting a dip, while others are pretty bullish, eager to buy the dip, and confident in our future progress.
It's a very complicated market dynamic, all we are focusing on is our own tech roadmap (releasing soon) and the next stage of growth & ecosystem building. A lot more will come in the coming weeks.”
https://x.com/yezhang1998/status/1844890558222958654