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Binance responds to CFTC lawsuit saying CFTC is outside its legal jurisdiction, Binance does not operate in the US, CZ does not reside in the US, and the first six charges do not apply to foreign conduct.
Missing crypto KOL Fernando Pérez Algaba has been found in Argentina with his dismembered remains in a suitcase, according to the New York Post. Algaba, who has made millions from leasing luxury cars and selling cryptocurrencies, often advertises to his 900k followers on Instagram. Police have launched a murder investigation.
Binance will close the following liquidity pools at 12:00 on August 4, 2023: APT/BUSD, ATA/BTC, AXS/USDT, BAKE/BNB, BAKE/BTC, DAR/BNB, ELF /BTC, ELF/USDT, FLOKI/USDT, FTM/BNB, GLMR/USDT, GMX/BTC, GMX/USDT, GNS/USDT, ID/USDT, ILV/BTC, ILV/USDT, KSM/USDT, LOKA/BNB , LOKA/USDT, LQTY/USDT, MKR/USDT, MULTI/BTC, MULTI/USDT, NEAR/BUSD, PERP/USDT, SNX/USDT, STX/USDT, SUI/USDT, SYN/USDT, TLM/BTC
SlowMist disclosed a false deposit attack on CEXs that has been hidden for many years. The attacker sent forged transaction data to the exchange wallet address, and the exchange mistakenly identified it as a legitimate deposit request and credited the corresponding digital assets into the attacker account. Read more
The new US SEC regulations require listed companies, including cryptocurrency companies, to disclose major cybersecurity incidents they have experienced and issue annual reports on their cybersecurity risks. Foreign companies are also required to make similar disclosures. Companies are required to disclose a major cybersecurity incident within four working days and detail the impact of the attack on their business
CME Group released a report saying that high-tech stocks are more beneficial to ETH; a stronger U.S. dollar has a greater negative impact on ETH than BTC; ETHBTC may be more sensitive to changes in BTC supply than ETH.
SCOOP: Bitdeer under Jihan Wu is selling Bitdeer Green Bitcoin Fund. The investment target is the Bitcoin mining industry in Bhutan with the investing department of Bhutan. The construction target is 600 MWs, and the estimated total hashrate is close to 20EH/s. The duration of the BGB fund is 6 years, the minimum investment is 5 million US dollars, and the first phase of the project is expected to raise 80 million US dollars. Read more about reports on the cooperation between BitDeer and Bhutan
ETH continued to see block trade today, with 137,000 block calls traded with a notional value of over $250 million, accounting for 55% of the day's total volume. The volume was concentrated in end of year Dec29 OTM calls and was dominated by naked buying. The whale took advantage of the lower IV monthly delivery period and started to go long both volatility and price, which is a sign that the market is gradually getting stronger.
Offshore exchanges Bitget and MEXC announced that they simultaneously list each other's platform tokens MX and BGB. As top exchanges such as Binance OKX focus more on compliance, Bybit Bitget MEXC is trying to grab the market in a more aggressive way, such as Japanese and Korean users. Due to the certain mutual equity relationship, these three exchanges will also be coordinated in their advancement.
France's privacy watchdog CNIL said on Friday it is aware of ChatGPT-founder Sam Altman's Worldcoin project and that the legality of its biometric data collection "seems questionable". "Worldcoin collected data in France, and the CNIL initiated investigations," the CNIL said in an emailed response to Reuters questions.
KuCoin Implements 30% Workforce Reduction、Worldcoin Launches Token WLD、Fed Raises Interest Rates by 25 bps and Top10 News —
Binance Mining Pool announced the launch of BCH mining service, using FPPS settlement method. Mining rewards will be automatically deposited into the user's fund wallet at 10:00 (UTC) daily. — link
According to Tom Wan, an analyst at 21Shares, Rocket Pool burned 6.72k rETH on July 24, setting the largest single-day burning amount. Mainly the large account address (0x39…6249) burned 6,601.98 rETH, worth about $13.35 million; then the address transferred 7,115 ETH to Binance and may sell it. Twenty minutes into the operation, the address had received 13.12 million USDT from Binance. — link — link
The United States and South Korea held the fourth working group meeting. The two sides agreed that North Korea earns hundreds of millions of dollars in illegal funds every year by stealing cryptocurrencies and other methods. It needs to further deepen cooperation with virtual asset service providers to effectively respond. — link
The Cube Chain, the L1 blockchain originally developed by old Huobi (before Justin), stopped producing blocks at 13:00 on the 26th, and it lasted for 31 hours. Community users reported that assets could not be transferred out. TVL is only about $140,000. — link — link
Litecoin is expected to be halved on August 3, 2023, less than a week, with about 3,574 blocks remaining. After the halving, the Litecoin block reward will be reduced from 12.5 LTC to 6.25 LTC. BTC has risen by 78% since the beginning of the year; LTC only rose 30%. — link
Ukraine received $225 million worth of donations in cryptocurrencies to fight Russia’s war of aggression. Most donations ($83 million) were made in USDT, slightly less in Ethereum ($79 million), and Bitcoin donations contributed $41 million. CoinDesk
The current circulating supply of Worldcoin is 111 million, 100 million sent to market makers, and 11 million have been claimed by users; Bybit and Huobi were the first to list , followed by Uniswap and MEXC, and the trading volume of Binance increased sharply after it listed; the total trading volume of other exchanges in the first 2h was $16m, and the trading volume of Binance was $65m in the first hour of listing. Read more by Kaiko
AWS, the largest provider of cloud services, launched the Amazon Managed Blockchain (AMB), which provides developers access to blockchain data across multiple chains, beginning with Bitcoin and Ethereum, through application programming interfaces (API). — link
Sequoia cut the size of its cryptocurrency fund to $200 million from $585 million. The firm suffered a high-profile black eye for its $150 million investment into FTX and issued a rare apology to its investors for the investment. WSJ
A bipartisan agreement on US stablecoin legislation was in reach, according to the chair of the House Financial Services Committee, but the ranking Democrat said McHenry halted talks. Neither the Fed nor the U.S. Treasury Department support the bill as it stands. CoinDesk
Analysis: Monthly delivery is just around the corner and volatility has fallen to historic lows this month with Dvol already approaching 35%. The current low volatility levels won't last much longer. Buyers of forward options have recently begun to enter the market, with calls and puts being traded in some volume. — link
The FIT for the 21st Century Act’ has been approved by a second House committee and will go to the full US House. The legislation would introduce major changes to the way cryptocurrencies are regulated in the United States, including creating clear rules on when digital assets can be converted from securities to commodities. TheBlock
July 28 Options Data 71k BTC options are about to expire with a Put Call Ratio of 0.57, a max pain point of $29,000 and a notional value of $2.08 billion. 600k ETH options are about to expire with a Put Call Ratio of 0.37, a max pain point of null,850 and a notional value of null.12 billion. — link
The SEC's chief accountant has issued a warning to accounting firms that work with cryptocurrency clients, saying auditors could be held legally liable for a client's claim that part of a financial review was an "audit." — link SEC Commissioner Hester Peirc Questions Why Block More Transparency?
Binance responds to CFTC lawsuit saying CFTC is outside its legal jurisdiction, Binance does not operate in the US, CZ does not reside in the US, and the first six charges do not apply to foreign conduct. CoinDesk
Missing crypto KOL Fernando Pérez Algaba has been found in Argentina with his dismembered remains in a suitcase, according to the New York Post. Algaba, who has made millions from leasing luxury cars and selling cryptocurrencies, often advertises to his 900k followers on Instagram. Police have launched a murder investigation. — link
Binance will close the following liquidity pools at 12:00 on August 4, 2023: APT/BUSD, ATA/BTC, AXS/USDT, BAKE/BNB, BAKE/BTC, DAR/BNB, ELF /BTC, ELF/USDT, FLOKI/USDT, FTM/BNB, GLMR/USDT, GMX/BTC, GMX/USDT, GNS/USDT, ID/USDT, ILV/BTC, ILV/USDT, KSM/USDT, LOKA/BNB , LOKA/USDT, LQTY/USDT, MKR/USDT, MULTI/BTC, MULTI/USDT, NEAR/BUSD, PERP/USDT, SNX/USDT, STX/USDT, SUI/USDT, SYN/USDT, TLM/BTC. — link
Binance announced that it will launch Seed Tag and Monitoring Tag on July 26, which are suitable for tokens with high volatility and high risk. Users need to pass the quiz and accept the terms of use. Binance will regularly review projects and update relevant labels based on the latest findings.
Coinbase has opened trading services for 8 tokens including HNT, BLUR, ARB, EGLD, 00, AUDIO, LDO, and ATA to German residents. Users in German are now able to buy, sell, convert, send, receive, or store these assets. A large number of tokens on Coinbase are considered securities by the US SEC.
SlowMist said that a new malware called Realst appeared, mainly targeting Apple MacOS system, spreading through fake blockchain games, including games such as Brawl Earth, WildWorld, Dawnland, Destruction, Evolion, Pearl, Olymp of Reptiles and SaintLegend . Written in Rust, the malware attacks victims to steal crypto assets and steal sensitive information such as passwords
Many Fake accounts of wublockchain on twitter and telegram. This is the only real English telegram account of us and tell your friends. Don't trust anyone on twitter and telegram and dont transfer money to anyone！
OKX Exchange released the ninth reserve certificate (snapshot date 7-20), the total value of user assets reached 11.3 billion US dollars, and last month increased 1899 BTC and about 60,000 ETH; decreased 117 million USDT; increased 36.15 million USDC.
Metamask has set the L2 network Linea network launched by ConsenSys into its wallet, like Ethereum, it does not need to use third-party tools to add and cannot be deleted. Nearly a week after its launch, Linea ETH Bridge has deposited more than 11,000 ETHs, and the number of independent addresses has exceeded 65,000.
The General Division of the Singapore High Court stated in a judgment that cryptocurrencies are generally recognized as property and “the holder of a crypto asset has in principle an incorporeal right of property recognisable by the common law as a thing in action and so enforceable in court”. In this case, the exchange Bybit sued Ms. Ho, who was responsible for paying salaries, for transfering a large amount of USDT to an address she secretly owned. The court ruled that Ms. Ho should immediately pay Bybit the transferred funds and interest
According to Bloomberg, Ant Group is considering spinning off blockchain, database management services and international operations from a main entity for a Hong Kong IPO. Ant Group is valued at US$70 billion, ranking third in the world as a unicorn company
According to MistTrack, data on chain shows that the CoinsPaid, Atomic and Alphapo attackers may all be the Lazarus Group, the North Korean hacking group. Earlier ZachXBT also stated that Atomic Wallet Hack appears to potentially have been done by Lazarus Group/DPRK.
A whale/institutional address (0xBf71affF99d01aCCE1CFfC787c0dd38cA740Bef1) transferred 37,000 ETH (approximately $68.63 million) to Binance today. The funds at this address originated from the 98,000 ETHs raised from OKX and Huobi two and a half years ago (early 2022), with an average price of $3,693; the funds were transferred to this address in September last year, and it still holds more than 60,000 ETHs, approximately $110 million. According to @EmberCN — link
The US Federal Reserve resumed lifting interest rates Wednesday with a 25bps increase that will bring them to a 22-year high. The Fed chair did not rule out another rate hike at the central bank's next meeting in September. The Fed seeks to keep inflation at 2% in the long run
Lex Jupiter, the product manager of MetaMask, said that it currently has 30 million monthly active users and 100 million users; it is possible to expand to non-EVM chains; NFT may lead to a surge in usage; the actual utility of Token is very limited, and there are currently no plans.
Analysis: How do DeFi protocols adopt real-world assets ("RWA") - An overview of MakerDAO's RWA layouts By @DigiFTTech MakerDAO incurs high costs to purchase U.S. Treasury Bill ETFs through a complex trust structure, which is not feasible for most other DAOs and Web3 companies
Glassnode: The BTC balance of long-term Bitcoin holders (addresses that have held for at least 155 days) grew by 62,882 BTC (null.83 billion) this month, the Bitcoin Long-Term Holder Supply has reached a new ATH of 14.52M BTC, equivalent to 75% of the circulating supply. This suggests HODLing is the preferred market dynamic amongst mature investors.
According to Whale Alert, 3,500 BTC (approximately $102 million) were transferred from Bitfinex to unknown wallet. The unknown wallet address 3E3CPTRLjTJe7GQuxMKpwmai2yFbkuGDMV is the transit address of Bitfinex. There have been two rounds of transactions in which large amounts of BTC were transferred from the Bitfinex address and then transferred out to other Bitfinex addresses. — link
The Dvol (Volatility Index) for BTC and ETH fell to 37%, the lowest level in history since two years ago, and the current Implied Volatility level has fallen to the lowest level in crypto's history. @GreeksLive states that the low liquidity market has seen more spikes and drops, with daily options price up 7x today, and this will only increase in subsequent markets
WSJ: Some Fed policy makers and economists are concerned that the easing in inflation will be temporary. They worry that wage growth is too strong. Without a recession, they see a tight labor market pushing up core inflation next year. In June, the Fed is expected to raise interest rates two times by 25 bps.
BTC volume dominance has slipped 8% since the Ripple ruling, which instantly caused altcoin markets to rally. BTC dominance across the top 25 centralized exchanges is currently at its lowest level since April, at 27%. Also The historical inverse correlation between BTC and the U.S. Dollar has weakened significantly this year, from -60% to -10%. Read more by Kaiko Cryptocurrency trading volumes on Japanese exchanges were up more than 60% last month. BTC accounts for more than 80% of the trading volume. Additionally, USDT trading volume fell by about $600 billion in the Q2, while its market cap increased by about $4 billion.
Binance and CZ filed a license application with the U.S. District Court for the Northern District of Illinois, planning to file a legal memorandum to initiate a motion to dismiss the lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). Earlier, the U.S. CFTC sued Binance and its CEO Changpeng Zhao for violating U.S. derivatives rules, and the defendant’s response should be submitted by July 27, 2023.
According to slowmist, Apple Store found a malicious phishing program that steals user accounts and passwords by imitating normal applications, and then attackers add their own numbers to the 2FA trust number to control account permissions and use it to bypass Apple's 2FA. Cryptocurrency users should be aware that if the wallet backed up by iCloud is attacked, it may face the risk of asset loss
Arkham Intel Exchange has started operation, and there are currently 26 bounty tasks, with rewards ranging from 1k-100k ARKM ($500-$50k), most are hacking incidents. The largest bounty (100k ARKM) is for the investigation of a reported hack by FTX that resulted in the loss of over $415 million in cryptocurrency during the FTX crash in November 2022.
The founder of the security agency Slow Mist said that if Worldcoin succeeds, it will be an evil product, but there is a high probability of failure. The iris is almost the most stable and long-lasting unique mark of human beings. The promise of the Worldcoin white paper is good, but it is still possible for hackers to paint a portrait through the hash information.