Skymen0107 (@syifaul) • Hey
No dream 2_2
Publications
- DEX aggregator KyberSwap has suffered a suspected attack and has lost approximately $ 47 million. These funds include $ 20.7 million in Arbitrum, $ 15 million in Optimism, $ 7 million in Ethereum, $ 3 million in Polygon, and $ 2 million in Base. Kyber Network advises all users to withdraw funds immediately. — link
- U.S. prosecutors on Wednesday pressured a federal judge to require Binance founder and former CEO CZ to remain in the United States ahead of a sentencing hearing on February 23, 2024, according to Reuters. A spokesman for the U.S. DOJ said that CZ is currently expected to remain in Seattle until next Monday night, but will be allowed to return to his residence in the United Arab Emirates after that. — link
- The UK government will introduce legislation to launch a new scheme called the Digital Securities Sandbox, which will start in the first quarter of 2024 to support companies in the early stages of digital product development. — link
- According to DL News, BlackRock recently met with the SEC to discuss the spot Bitcoin ETF, which is stuck on redemption issues. The issuer rejected the SEC’s cash redemption request and firmly supports physical redemption of Bitcoin because this may be more tax efficient. — link
- KuCoin exchange stated that the following projects have been disqualified, and the tokens will be removed from the platform: Kambria (KAT) Sakura (SKU) Don-key (KDON) LOCGame (LOCG) Sienna (WSIENNA) Inflation Hedging Coin (IHC) Position Exchange ( POSI) TE-FOOD (TONE) Pika Protocol (PIKA) Karura (KAR). — link
- Binance will make a "complete exit" from the U.S. as part of its settlement with FinCENand appoint a monitor for five years who will oversee the exchange's sanctions compliance program. The U.S. Treasury Department will have access to Binance's record and systems during that time. But Binance US is not affected. CoinDesk136
- Judge Brian Tsuchida ruled that CZ would be released and free to travel to and from his home in the UAE while awaiting sentencing. CZ has been released on a $ 175 million personal recognizance bond. A sentencing hearing is scheduled for February 23, 2024 at 9:00 a.m. Pacific Time. The terms of his release allow CZ to leave the United States but must return 14 days before sentencing. CZ faces up to 10 years in prison, but is expected to serve no more than 18 months under the plea agreement. — link
- Bloomberg analyst James Seyffart said Grayscale held a meeting yesterday with the SEC's Division of Trading and Markets, the division responsible for approving or rejecting 19b-4, other potential Bitcoin spot ETF issuers have also met with the SEC in the past week. — link
- According to DeFiLlama data, Binance has had a net outflow of approximately US$ 747 million in assets in the past 24 hours, while OKX has had a net inflow of US$ 145 million. However, Binance still has the largest assets at present, with more than $ 67.9 billion. — link
- Jihan Wu's Options exchange BIT has announced the launch of Solana (SOL) options trading. By partnering with market maker Orbit Markets, BIT has further expanded options trading and has launched BTC and multiple token options, including ETH, XRP, TON, ADA, FIL and BCH options. — link
- Matrixport analyst Markus Thielen said that the settlement is a very favorable outcome for CZ and Binance. With CZ stepping down and the fine being lower than the previously feared $ 10 billion, Binance is likely to remain one of the top three exchanges for the next 2-3 years. More exchanges will strengthen their compliance and become part of the monitoring sharing agreement, which will facilitate the approval of spot Bitcoin ETFs in the United States. Read more — link
- OpenAI announced that it has reached an agreement in principle to return Sam Altman to OpenAI as CEO and form a new initial board of directors consisting of Bret Taylor (Chairman), Larry Summers, and Adam D'Angelo. Sam Altman said he looks forward to returning to OpenAI and building on the strong partnership with Microsoft. — link
- Some MtGox creditors received email from the bankruptcy trustee stating that the trustee plans to start repaying creditors soon and is working to start repaying them in cash in 2023 and will and will continue into 2024. Mt Gox will distribute 142,000 BTC, 143,000 BCH, and 69 billion yen, among others. — link
This is the fourth recent theft of Justin Sun projects, including HTX HuobiWallet Poloniex HTX+HECO
- Binance Futures will launch the USDⓈ-M 1000BONK and PYTH Perpetual Contracts at 2023-11-22 14:00 (UTC) and 2023-11-22 14:30 (UTC) respectively, with up to 50x leverage. Binance did not launch spot trading for these two Tokens, similar to its previous handling of BLUR Bigtime and TokenFi. — link
- CZ told the court that he had never been to court or a criminal, that he was scared but wanted to resolve the issue, and that he had not taken advantage of his UAE citizenship (no extradition). The judge recognized his attitude and said that he had no obligation to come to the US, indicating that he really wanted to solve the problem. Read more — link
- CoinGecko announced the acquisition of NFT data infrastructure provider Zash, which provides indexed NFT data for 87 markets including Ethereum, Polygon, BNBchain, Solana, and more. CoinGecko plans to incorporate Zash’s NFT data into its existing API products by Q2 2024. — link
- According to Cyvers Alerts, suspicious address has received $ 12.4M from HTX exchange and suspicious address has received around $ 85M from HECO Chain bridge. HTX and HECO are Justin Sun's business. Justin Sun’s Poloniex has just been stolen for more than $ 100 million. — link
HECO Chain Bridge transferred a large number of Tokens to the empty address 0xFc146D1CaF6Ba1d1cE6dcB5b35dcBF895f50B0C4, including 42.11 million USDT, 10,000 ETH, 489 BTC and other assets exceeding US$ 84 million. USDT and BTC were transferred to DEX such as Uniswap and 1inch and convert to ETH and send to new address. — link
This is the fourth recent theft of Justin Sun projects, including HTX HuobiWallet Poloniex HTX+HECO
- 0xB10C Research reveals that F2Pool became the first Bitcoin mining pool to filter transactions based on U.S. OFAC sanctions. In September and October 2023, there are six bitcoin blocks missing an OFAC-sanctioned transaction and four by F2Pool. The transactions missing from F2Pool’s blocks are likely filtered. — link
- JPMorgan's analysts led by Nikolaos Panigirtzoglou told The Block: We see the prospect of settlement as positive as uncertainty around Binance itself would subside and its trading and Smart Chain business would benefit. For crypto investors the prospect of settlement would see the elimination of a potential systemic risk emanating from a hypothetical Binance collapse. — link
- Northern Data, Europe's largest Bitcoin mining company, announced that it has received 575 million euros in debt financing from Tether. The focus of the investment will be to purchase additional advanced hardware to expand artificial intelligence cloud business. — link
- According to TokenUnlocks, large-amount unlocks (more than 10 million US dollars) in November include SUI IMX HFT APT APE AVAX OP, etc., with an unlock value of over 396 million US dollars. — link
- Gate published an article stating that it is initiating procedures to stop providing services to Hong Kong users. GateHK and Gateio are two independent companies. GateHK aims to become a compliant virtual asset exchange licensed by the Hong Kong SFC. — link
- FTX Cold Storage #2 redeemed 1,600,645 SOL ($65.46M) from the staking again. There are still 3,963,725 SOL ($162M) staked at this address. FTX/Alameda address has transferred 1,259,886 SOL ($40.67M) to CEX since 10/25. SOL rose 13% in 24h to nearly $41, a new high in a year. — link
- WSJ: Binance plans to shut down a partnership with payments firm Advcash that allowed customers to move funds held at sanctioned Russian banks to the cryptocurrency exchange. Binance announced its partnership with Belize-registered Advanced Cash back in 2019 for customers to deposit and withdraw rubles. — link
- Worldcoin Wallet WorldAPP announced that it currently has more than 1 million monthly active users, 4 million downloads and 22 million transactions, making it the sixth most popular hot wallet in the world. It also has more than 100K daily active users and more than 500K weekly active users. — link
- Today the United States released FOMC results that kept interest rates unchanged. There is an 80% chance that the CME’s next FOMC in December will keep interest rates unchanged. Data expect that the interest rate hike cycle may be nearing its end, and there will be an interest rate cut before June next year. — link
- MicroStrategy Announces Third Quarter 2023 Financial Results: 158,400 bitcoin holdings at a total cost of $4.69 billion, or $29,586 per bitcoin, as of October 31, 2023. 6,067 bitcoins acquired since the end of Q2 for $167.0 million, or $27,531 per bitcoin. — link
- SBF's lawyers said in closing arguments that SBF had done its best to appeal to the jury to find that SBF acted in good faith and therefore could not be convicted of intentional fraud. Prosecutors criticized SBF for taking money from clients and committing fraud and theft. — link — link
- Brevis has supported Uniswap V4 hooks to trustlessly read and compute LPs’ and traders’ transaction history, and directly verify results in the hook contracts. This means that hook contracts can now implement dynamic data-driven features for how Uniswap pools, swaps, fees, and LP positions interact, all based on dynamic and trustless data computation. — link
- The Uniswap Foundation announced the first round of V4 RFPs to fund projects, including liquidity provider Polya, Uniswap LP design package Airfoil Studio, developer guide Umbrella Labs and Brokkr, security teams Ottersec's Robert Chen, Composable Security and BlockSec. — link
- A Chinese court sentenced two principals to six years in prison for helping fraud and gambling gangs launder about $300 million in USDT. The defendant sold USDT for cash at a low price and then shipped the cash out of China. — link
- Elastic Security Labs disclosed that the North Korean hacker group Lazarus used a Python application posing as a cryptocurrency arbitrage bot delivered via a direct message on a public Discord server, which is atypical of macOS intrusions. — link
- Today three Bitcoin whale addresses transferred 6,500 Bitcoins to new addresses, totaling about $230 million. The Bitcoins in these three addresses were all transferred on November 5, 2017, and have been dormant since then. — link
The source of Bitcoin originated from the earliest transfer in July 2011. Some Bitcoins came from the wallet address marked as F2Pool by bitinfocharts, which may be early miners.
- Today three Bitcoin whale addresses transferred 6,500 Bitcoins to new addresses, totaling about $230 million. The Bitcoins in these three addresses were all transferred on November 5, 2017, and have been dormant since then. — link
The source of Bitcoin originated from the earliest transfer in July 2011. Some Bitcoins came from the wallet address marked as F2Pool by bitinfocharts, which may be early miners.
- Saudi Arabia's NEOM Investment Fund plans to invest US$50 million in Hong Kong Web3 Group Animoca Brands. NEOM is funded by Saudi Arabia's sovereign wealth fund and is led by Saudi Crown Prince Salman Jr. with a scale of US$500 billion. — link
- Digital asset investment products saw inflows of US$326m, the largest single week of inflows since July 2022. Bitcoin saw 90% of the inflows at US$296m. The improving optimism also prompted significant inflows of US$24m into Solana. — link
- The ETH options market saw huge volumes of call block today, with over 140,000 traded with a notional value of over $250 million. Most was active buying of monthly options at the 1650/1700/1800-24Nov. This massive close even pulled the short-term IV directly higher by 3%, so it seems that the whale is positive about the subsequent rise. — link
- Bitcoin Spot ETF vs. Bitcoin Futures ETF: What's the Difference?
A Bitcoin Spot ETF is a type of Exchange Traded Fund that directly holds Bitcoin as its underlying asset. A Bitcoin Futures ETF is a type of Exchange Traded Fund that doesn't hold Bitcoin directly. Instead, it invests in Bitcoin futures contracts. Read more — link
- LD Capital Research: Business Logic of DWF
“DWF is a product born in a bear market under weak supervision, capitalizing on the dilemmas of project teams and the psychology of retail investors in the market to profit from both ends.” Read more: — link
- FTX’s African ambassadors are receiving threats against their lives. These ambassadors previously promoted FTX and received 30% of the user’s trading fees, plus an additional $500 per month based on performance. The official FTX Africa Telegram group has over 10,000 members. CoinDesk
- Andreessen Horowitz (a16z) expects to target around $3.4 billion for its next core early-stage and seed-stage funds, Axios has learned. Fundraising will launch around year-end, with hopes to hold final closes in the first half of 2024. — link
- The Starknet Foundation announced the distribution of 50 million STRK tokens to early Starknet community members, including rewards for contributors who discuss technical discussions, organize events, and publish content regularly. The application window is open until November 23, 2023, with final decisions due on December 29. — link
- The origins and motivations behind traditional dark pools, blockchain-based dark pools that instill privacy in their base-level architecture with Balance models and PETs (Privacy Enhancing Technologies) such as Zero Knowledge, MPC and FHE. Read more — link
- Coinbase Research: Tokenization and the New Market Cycle
The current high yield environment has given tokenization as an opportunity for digitizing financial assets such as sovereign bonds, money market funds and repurchase agreements. However, infrastructure and jurisdictional concerns remain core challenges. We anticipate a gradual shift towards unlocking tokenized liquidity in the longer term through consolidation and interoperability. Read more — link
- Despread Research of South Korea
- 6 million crypto investors, 10% of the total population
- trading volume of four major exchanges is about 10% of Binance
- Upbit accounts for 70%-80% of the total
- Love altcoins, hate mainstream coins Read more — link
- Neo announced that it is creating a sidechain that is resistant to MEV attacks and compatible with EVM. The new sidechain will inherit the economic model and dBFT consensus mechanism of Neo N3 and is under development and is expected to be released by the end of 2023. — link
- Bloomberg ETF analyst Eric Balchunas said: Roundhill just filed for a Bitcoin Covered Call ETF, which will hold a bitcoin futures ETF and then write call and put options for income. Roundhill Investments is an SEC-registered investment advisor focused on offering innovative ETFs. — link
- SBF told the court that when FTX was in its infancy, it had intended to sell the company to Binance. SBF also said he started buying SOL early, at 20 cents per coin, and that SOL peaked at nearly $260. — link — link
- Crypto exchange Kraken will suspend all trading related to USDT, DAI, WBTC, WETH and WAXL in Canada. As of November 30, deposit and trading functionality for the above assets will be discontinued. Effective December 5th, any remaining underlying assets will be converted to USD at live market rates. — link
- SBF responded in court and denied defrauding anyone and taking customer funds. He said the biggest mistake was not having a dedicated risk management team; he said Alameda allowed borrowing money from the FTX exchange, basically from margin traders. He claimed that Alameda has made billions of dollars in arbitrage profits over the past few years. — link