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⏳ SEC is delaying the Spot ETF decision until January 2024.

☄️ DeFi platforms Velodrome and Aerodrome had their frontends compromised yesterday. Do not interact.

🐂 Santander is working with Taurus, a crypto custody company, to safeguard crypto assets.

👨‍⚖️ Christiano Ronaldo has been sued in a class action lawsuit for having previously promoted Binance.

🇪🇺 An official of the European Central Bank has said that crypto companies that behave like banks should be regulated as such.

💬 Kyberswap hacker sends another on-chain message, saying he received “mostly threads, deadlines, and general unfriendliness”. He further said that if this continues, he will reschedule negotiations until “we all feel more civil”.

➕ Sei blockchain is adding EVM support in the V2 upgrade. The update is scheduled for the first half of 2024.

💸 Investment firm Republic will list a profit-share token on the INX trading platform.

⚠️ Philippines regulators are warning Binance about operating without a license.

🪂 Everyone is talking about the Crypto gaming platform Portal and its airdrop.

⛏️ Jack Dorsey led a $6.2 million seed round for OCEAN, a decentralized Bitcoin mining pool

🕳️ Wormhole raises $225 million at a $2.5 billion valuation.

🇭🇰 Hong Kong signals plans to empower regulators for crackdown on unlicensed crypto exchanges.

#dailysummary #newsbrief

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🥷 Tron is now the preferred network for illicit activity and bad actors. Taking over Bitcoin for the first time in this regard.

🔵 Coinbase Notifies Users of Mandatory Disclosure of Account Information and Transactions, Following CFTC Subpoena Linked to ByBit.

🤖 Eth Zurich researchers have developed a jailbreak method for AI models

⛓️ The European Union is trying to shape the direction in which the metaverse is developed. Allegedly to “reduce technological dependencies on other countries”

😠 Arthur Hayes says that the treatment of CZ in the US is “Absurd”. He thinks they are trying to punish him for trailblazing crypto when it is a threat to the US lead financial hegemony

🐶 Dogecoin has reached 5 million holders. Active addresses have doubled to 168,000 since March 2022

🏹 Kronos Research is offering a 10% bounty to the hacker who stole $25 million earlier this month

💩 The Global Financial Stability Board is suggesting that the crypto industry needs more regulation to prevent another FTX

👮 Hong Kong authorities are reporting $19 million lost in the latest Hounax Exchange scam

🪙 JPMorgan Chase and Apollo revealed plans for a tokenized enterprise Mainnet

🇪🇸 Spanish citizens with crypto assets over 50,000€ on non-Spanish exchanges have to declare their holding until March 2024

#dailysummary #newsbrief

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🖖 Cosmos founder calls for a chain split after the community voted to reduce token inflation from 14% to 10%.

⛏️ Crypto miner Hive expands mining operations to Sweden with a new data centre and land acquisition.

🌪️ Tornado cash token tanks by 45% after Binance delisting.

🇧🇷 OKX is launching crypto exchange and wallet services in Brazil.

▶️ HTX exchange resumes crypto services after hacks, with full operations expected next week.

🛫 Department of Justice says CZ is “a flight risk that could be managed” but wants him to remain free until the sentencing as long as he stays in the United States.

🔀 BanklessHQ and Bankless DAO consider brand separation amid community backlash over Arbitrum grant proposal for $1.8 million in $arb.

🇯🇵 Circle partners with SBI Holdings to boost USDC circulation in Japan.

🚪 Scam-as-a-service Inferno Drainer is shutting down after helping steal $70 million in crypto. “We hope you can remember us as the best drainer that has ever existed” were their goodbye words.

🗣️ Paradigm criticizes Blast Network for launching a bridge before establishing withdrawal or Layer 2 functionality. Paradigm is a seed investor in Blast.

🎗️ The American Cancer Society is using Gitcoin for decentralized cancer research funding.

🍌 A scammer group targeted BAYC owner Crumz posing as Forbes staff doing an interview. Luckily they failed.

#dailysummary #newsbrief

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🇬🇧 UK regulators are advocating for asset and investment managers to tokenize funds.

🚯 Blast Network denies centralization claims and reaches $400 million Total Value Locked.

👨‍⚖️ CZ's legal team contests the motion restricting his travel until sentencing.

🔵 Coinbase stock price is at a 1.5-year high.

🇦🇷 Argentinian President Javier Milei confirmed his commitment to close the Argentinian Central Bank.

🍇 Azuki DAO is rebranding to Bean and is withdrawing efforts to sue Azuki's founder. They are now developing a Blast network memecoin.

#dailysummary #newsbrief

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🥷 KyberSwap DEX has been exploited for $46 million across multiple blockchains. The hacker left an on-chain message saying negotiations would start after they were fully rested

🪪 Alchemy Pay receives a money service license in Iowa

🤑 Netflix director for the TV show Conquest took $4 million from the show's budget to bet on Dogecoin. He made $27 million on the trade

⛱️ The UK finance minister announced new legislation to boost the digital asset sector, called the Digital Securities Sandbox

♾️ Evernode delays airdrop and their layer two launch to December 18

🪙 South Korea announced its CBDC pilot with 100,000 citizens in Q1 2024

🏦 Austrias Raiffeisen Bank is rolling out crypto trading for retail customers in January 2024

🙊 Bitcoins’ third-largest mining pool seems to be censoring transactions from U.S sanctioned addresses

🎮 Game Studio Matr1x raises $10 million for their mobile NFT shooter

🤨 Ethereum's new layer two, Blast, faces community scepticism over its invite mechanisms, with debates on its legitimacy

🪶 U.S. prosecutor says CZ poses a serious risk of flight, forbidden from leaving the country

😢 A Bitcoin transaction incurs an unusually high fee of $3.1 million (85.22 BTC).

#dailysummary #newsbrief

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👩‍⚖️ Binance agrees to a $4.3 billion settlement; CEO CZ released on $175 million bail.

🚪 Binance will leave the United States after CZ's resignation as CEO

💸 Binance already had $1 billion in outflows after CZ's resignation; Fears of a bank run are growing

🤢 The HECO Chain bridge has been compromised. Over $86 million in $ETH , $Shib, $Link and more was sent to third-party address

👨‍⚖️ Genesis is suing Gemini to recover ~$690 million

📉 Over $200 million of futures were liquidated as Bitcoin fell below $36,000 after the Binance settlement.

🪙 New Zealand launches stablecoin $NZDD in partnership with Australian crypto firm Labrys.

📇 Circle is publishing a new standard for bridged $USDC , making it easier for developers to onboard $USDC to new blockchains.

🍎 A class action lawsuit against Apple alleges an anti-crypto agreement with competitors.

🦎 CoinGecko acquires NFT data infrastructure startup Zash

🇪🇺 Belgium is seeking to restart the European Union blockchain infrastructure project in early 2024

💌 Mt. Gox creates new hope with another “commencement of repayment” email to its creditors. The first repayments to still happen in 2023

🐕 Shibburn, a Shibarium burn tracker, alleges financial and governance misconduct by Shiba Inu's leadership, labelling the ecosystem as 'rigged'.

#dailysummary #newsbrief

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🛑 Bittrex Global will wind down operations on December 4. Withdraw your funds!

🪂 Pyth Airdrop is live! 90,000 wallets are eligible

👨‍⚖️ ENS founder told Coindesk he’s “prepared to go to the mat” in an intellectual property dispute with Unstoppable Domains

🐙 SEC sues Kraken for “Operating Unregistered platform” and “improperly mixing customer funds”. The Crypto community and a few Senators are enraged

🏆 Fantom Foundation awards a $1.7 million bounty to a security researcher . They prevented a potential $170 million exploit.

📈 Phoenix Group says the UAE Initial Share sale was 33 times oversubscribed. They raised $368 million for 18% of the company.

💰 AVAX ecosystem to receive $10 million boost from Colony Lab accelerator

👨‍⚖️ Aragon DAO votes to sue founders over shutting down its governance and token without consulting the community first

🏛️ Binance may face a $4 billion penalty or possible criminal charges against CZ in negotiations with the U.S DOJ

#dailysummary #newsbrief

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🇦🇷 Argentinian pro-bitcoin presidential candidate, Javier Milei, won the presidential election

💸 Crypto gaming protocol Saga raises $5 million in latest seed extension round

🏠 Japan's Ichigo exchange plans to start trading digital securities on the 25th of December. They plan to offer $20 million of “digital securities” backed by real estate

🕹️ Aptos partners with gaming platform READYgg to bring multiple games over to the Aptos chain

🛑 Kronos research halts trading after a $25 million API exploit happened yesterday.

💰 CoinDesk has been bought by Bullish Exchange. Former NYSE President Tom Farley runs the exchange

🧊 Tether freezes $225 million in $USDT linked to a human trafficking syndicate in cooperation with the DOJ. This is the biggest stablecoin freeze to date

🐱‍👤 Poloniex reports that the hackers’ identity of the recent $120 million exploit is known. They offer a “last bounty” of 10% of the drained funds

#dailysummary #newsbrief

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🪙 Some larger FTX creditors are offered 60-65 cents on the dollar. That is a 30% increase in comparison to a month ago

🦥 As analysts anticipated, the SEC is delaying the Global X spot Bitcoin ETF.

🇰🇷 South Korean crypto volume surges, with altcoins performing especially well.

🕸️ Senator Warren highlights crypto scams against seniors to endorse her new protective legislation. Seems to be confusing crypto and the internet again

👩‍⚖️ Former Bithumb chair faces 8 years in prison over circumventing financial regulations

🚀 Fidelity wants to create an Ethereum Spot ETF. They applied this week as the 7th company to do so

🌊 Arbitrum reached $2 billion of Total Value Locked (TVL). The top three protocols are GMX, Uniswap V3, and Radiant.

📈 Solana, Gnosis, and Cardano are the biggest winners by Monthly TVL increase with respectively +121%, +68%, and +58%

#newsbrief #dailysummary

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🍣 Sushi is using ZetaChain to begin testing native Bitcoin swaps over 30 chains

🔺 Texas State Security Board accuses 'GS' network of running a multilevel marketing scheme with real estate tokens

🗣️ A Polkadot ecosystem debate is gaining steam as more criticism over the efficacy of the current Polkadot management arises

🆕 Aave rebrands to Avara and will be the new parent company to Aave, Lens, GHO stablecoin, Sonar, and others.

🚭 Snoop Dogg's "giving up smoke" statement stirs emotion in the crypto community. Polymarket opens betting on his 2023 smoking habits.

🆓 Ubisoft will give away free Ethereum NFTs for their new game Champions Tactics: Grimoria Chronicles

🌕 Doge to the moon: Astrobotic announces plans to take a physical Dogecoin to the moon on December 23.

🛍️ ENS developer Nick.eth voices concerns about Unstoppable Domains' blockchain domain name patents, claiming they're based on ENS's developments.

🥷 Crypto miners were found in the highest Polish court air vent system.

🚪 Binance counter-terrorism official has left the company after two years

💸 Crypto lobby spending in 2023 is set to surpass last year's; already at $20 million compared to $22.2 million total in 2022

💳 Mastercard says the adoption of CBDCs has no justification as people are comfortable using today's money standards

#newsbrief #dailysummary

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🔵 South Korean pension fund buys ~$20 million in Coinbase shares

🎮 G2A, a gaming distributor and key marketplace is launching a gaming-focused NFT marketplace

🙅‍♂️ Solana Labs denies a report by CertiK about a bootloader vulnerability in their Solana phones. They claim the report is “entirely inaccurate”

👳‍♂️ A group of lawmakers are asking President Biden and Secretary Yellen to quantify their claims about the extent of Hamas crypto funding

💸 Blackrock is filing a Spot Ether ETF in Delaware

🪙 Singapore is starting a live trial for its wholesale CBDC

💵 Paxos is planning a new dollar-backed stablecoin for Singapore-based operations

👩‍⚖️ Do Kwon has to serve four months in Montenegro jail over a fake passport. After the sentence, he faces extradition to the United States or South Korea

🇵🇭 Philippine Government to sell Tokenized treasury bonds for a minimum target of 10 billion pesos ($180 million)

🕹️ PancakeSwap opens its doors for GameFi tokens in the latest bout of supporting crypto gaming

🖼️ New York Museum of Modern Art added their first two tokenized artworks to their collection

🌉 Union Labs raised $ 4 million for the development of a ZK-powered cross-chain bridge

🇹🇭 Binance is launching a Thailand-based exchange in a joint venture with Gulf Energy, a local energy giant

🇺🇸 US Congress members call for the invalidation of SEC's SAB 121, a rule requiring crypto custody services to hold capital against virtual assets.

👎 The Managing Director of the Monetary Authority of Singapore said crypto has performed poorly in the test of digital money

🌧️ A group of bipartisan U.S lawmakers have urged the Treasury to revise their proposed crypto asset tax regime

🪂 Pyth retroactive airdrop will open on Monday, November 20 at 2 pm UTC

#dailysummary #newsbrief

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🇰🇿 Kazakhstan Central Bank plans to implement CBDC by the end of 2025

🥨 German Commerzbank received a crypto custody license

👨‍✈️ Singapore introduces 5 new asset tokenization pilot projects

🏰 Disney launches NFT platform “Disney Pinnacle” in cooperation with Dapper Labs

🤍 Chainlink awards $300k to a white hat hacker for discovering a vulnerability

📈 Crypto market net inflow became positive for the first time in 1.5 years

👨‍⚖️ Delaware State has referred fake XRP filing rumours to the Delaware Department of Justice

📹 IMF chief says CBDCs can replace hard currency in the future and suggests private companies prepare

🏒 National Hockey League launches NFT collectibles platform supporting Ethereum, Polygon, and Tezos NFTs

🎣 OpenSea users report massive phishing campaign

🥅 OKX launches layer two testnet using ZK-based Polygon tech

🏬 Dairy Queen is opening NFT powered Pop Up Store in Chengdu, China

🪪 Virtual asset custodian, Hex Trust, receives Dubai crypto license

🔜 Bank of America says that U.S CBDC is unlikely to be coming soon

🟥 Optimism is testing an alternative data availability chain called Redstone. The goal is to make gaming and applications more viable for blockchain use cases

#dailysummary #newsbrief

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🤥 XRP price surged then fell following false rumors of an ETF launch.

🤡 Australia updated its capital gains tax rules to include wrapping tokens as taxable events

📝 South Korea mandates parliamentary candidates to disclose their crypto holdings

🇫🇷 Crypto is the second most popular investment asset in France, according to a survey from spring 2023

💸 Raft protocol got exploited due to a precision calculation bug, overlooked by auditing firms. The attack resulted in a loss of $6.7 million.

🪙 Fnality, a crypto payment firm, has raised $95 million led by Goldman Sachs and BNP Paribas

👩‍⚖️ Judge rules BlockFi and FTX can begin mediation over fund disputes.

🪪 Crypto dot com received a digital asset license in Dubai

🌕 $Moon rallied 150% after r/cryptocurrency moderators promised to take over Moon token development and value accrual measures

🧯 Memetoken $GROK has tanked after ZachXBT linked the developer with multiple prior rugs

#DailyNews #dailysummary

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💸 Tether has minted $4 billion $USDT in the last four weeks

🛎️ Chinese hackers have created a fake Skype app to target crypto users.

🥷 Hackers claim to have read out personal information like selfies and other customer data from Coin Cloud, a Bitcoin ATM operator

🗠 South Korean exchange Bithumb plans an IPO for the second half of 2025

🌊 The IRS has received over 120,000 comments on its new crypto tax proposal

🇭🇰 Bitget exchange has plans to get a crypto license in Hong Kong

💰 The number of Bitcoin millionaire wallets has tripled to nearly 82,000 this year

👨‍⚖️ FTX files lawsuit against Bybit for withdrawing over $900 million in funds before FTX's collapse

▶️ Aave lending markets are back on after a pause. A whitehat hacker had alarmed the community over a possible smart-contract vulnerability

🪙 Uniswap has already accumulated over $1 million in fees since enabling their new frontend fee on the 17th of October

🗞️ Singapore-based Fund Foresight Ventures has bought a majority stake in The Block

▪️ GBTC discount shrank to only 10% compared to spot Bitcoin value

💧 A wallet linked to the Binance deployer wallet has been exploited for $27 million in $USDT

🇪🇸 Spanish regulators are eyeing a probe into X over crypto ads. They said they would “scrupulously exercise all our capacities” over fraudulent crypto asset promos

🛍️ Terraform Labs acquires cross-chain data provider Pulsar Finance

#dailysummary

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🔵 Coinbase is rolling out on-chain verification. On-chain verification lets users link their wallets to Coinbase. No personal information is published on-chain, but it could be required to interact with some base apps in the future

🉐 Singapore company Dtcpay is launching a retail crypto payment system for in-store and online payments

⛔ BlackRock says the SEC lacks a basis for differentiating between spot ETFs and crypto futures

🇮🇳 Indian Supreme Court rejected a plea by the public about a crypto regulation framework

🪙 Binance has stopped accepting ruble deposits

🪨 The NFT community celebrates a nig EtherRocks buy. The sale of $209,000 raises hopes of a new NFT run

📉 Stars Arena's Total Value Locked fell under $100,000 on Thursday

#dailysummary

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👨‍⚖️ Ripple CEO tells Bloomberg they're prepared to escalate SEC battle to the Supreme Court.

💦 Poloniex exchange suffered a $120 million exploit today

🪂 Courtyard announces free Pokémon card NFT drop from November 13-17.

📸 48 countries committed to an alliance against crypto tax evasion. The program will go live in 2027

🦇 Ethereum has turned deflationary again as fee burns speed up with price surge

🎮 Roblox CEO envisions NFTs as a future component of the gaming world.

🟥 Japanese Investment Bank Nomura launches ETH fund via Laser Digital

🤑 MicroStrategy Bitcoin holdings are over $1.2 billion in profit

✔️ BlackRock's Ethereum ETF confirmed in Nasdaq filing

🇳🇬 Nigeria partners with Raspberry Pi Foundation to launch coding clubs, boosting digital literacy

🔶 Turkish lira has become one of the top fiat trading currencies on Binance

🦄 Scammers create fake CertiK and ZachXBT profiles for a 'Uniswap was hacked' phishing scheme; the number of victims stays unknown

🆙 Bitcoin fees are up 20x since August. The reason is a renewed interest in Ordinals

🦾 JPMorgan adds programmable conditions to its digital asset platform, enabling conditional buy and sell triggers.

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🍯 Polygon Labs is launching an $85 million grant program to incentivize more builders in its ecosystem

🏹 Cathie Wood's Ark Invest bought $9.5 million of Robinhood shares, accumulating while reducing GBTC holdings.

🎮 Immutable partners with Ubisoft's Strategic Innovation Lab to develop games with a seamless experience.

💡 Yuga Labs confirms that UV-A lights in one part of the event were the cause of the eye and skin problems some visitors had after ApeFest

🕹️ Crypto game Illuvium is set to list on Epic Games Store on November 28, tapping into 180 million users.

🧱 ZachXBT reports a potential $2 million exploit from CoinSpot wallet. 1262 ETH withdrawn in two transactions; CoinSpot has not yet commented

🇪🇸 Spanish National Securities Market Commission has opened a crypto infringement case against Miolos. The reason is they allegedly violated Crypto Advertising rules

🕵️‍♂️ Prominent Swedish crypto figures appear to be targeted by criminals in real-world robberies

💰 Spartan Capital reinvests into Pendle with an OTC purchase of an undisclosed amount

🗳️ The Arbitrum DAO is divided over a proposal to allocate $2 million for a professional research group.

🧾 India to cut its controversial crypto tax after it failed to show results

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🕹️ Square Enix is entering crypto gaming with a bang. Their new project SYMBIOGENESIS is starting today. Their Discord activities to earn points and “buy” rewards and win one of the 500 characters is live.

🇰🇷 South Korean authorities busted a large-scale crypto scam worth $14 million. 25 people have been arrested. The scam was an MLM clothed as an exchange

🇪🇺 The European Union has published a draft on liquidity and capital requirements for offering a euro stablecoin

🔶 Binance launched a self-custody wallet for its 150 million users. The wallet contains an airdrop area, bridging, lending, and staking features

🇨🇭 Swiss crypto bank SEBA received a license in Hong Kong

🥖 The Head of the Bank for International Settlements (BIS) says that CBDCs are vital for innovating financial systems

🥃 Grayscale's Chainlink Trust soars to a 200% premium, indicating high institutional demand.

🌊 Coatue reduced its stake in OpenSea and Moonpay by 90%, significantly lowering both platforms' valuations.

🗠 USDC issuer Circle is considering an IPO in early 2024.

📵 Wintermute claims that Near Foundation backed out of $11 million $USN stablecoin redemption deal

💰 FTX has transferred about $316 million in assets to crypto exchanges, $187 million of it in $SOL tokens (4.8 million $ SOL)

🏹 Robinhood plans to expand its crypto services into the EU and UK

₿ Both KuCoin and Gate are planning to support BRC-20 memecoin sats when “liquidity requirements are met”

🇸🇻 The second biggest merchant supplier in El Salvador is now accepting Bitcoin. The supplier has 40,000 merchants under its banner

🤖 A decentralized AI platform Ritual has raised $25 million. They aim to open access to AI infrastructure

#newsbrief #DailyNews

Layer 2 madness

Everyone and their grandma now want to have their own Layer 2.

I can see why; the fees are delicious. 💰_💰

Just 3 months after Coinbase launched its Base L2, they already had over $8 million in fees. That translates to about $4.6 million in revenue, according to TK Research.

But what about other effects? Do you think demand will keep up with every exchange, DAO, or protocol having its own custom layer?

”Bridging is so fun; give me more.” Said no one ever. 💀

Is it the right way to go where you can make fast money?

It might make sense for a very narrow view of the future, but what about the long-term effects? Fracturing liquidity further through dozens of new L2s can’t be the solution.

It feels more like you are squeezing your audience dry and farming the airdrop hunters for transaction fees.

The result?
🔥 A burnt fanbase. 🪦

But maybe I’m overly sceptical.

What do you think about the rising trend of launching L2s? Is fractured liquidity a non-problem?

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⏲️ Dubai gives crypto service providers until November 17 to clear all licensing requirements

🗳️ Rep. Tim Burchett proposes slashing SEC Chair Gary Gensler's salary to $1 over alleged regulatory overreach.

🇰🇿 Kazakhstan has blocked Coinbase services for offering trading services of “unsecured digital assets”.

👮 Indian authorities arrested 18 people, including 4 police officers, on a $300 million crypto scam. The operation head is still at large.

🐙 Kraken is considering partnering with Polygon Labs, Matter Labs, and the Nil Foundation to build its own Layer Two chain.

🔵 Coinbase is ending its support for Bitcoin SV. Coinbase further stated that not withdrawn coins will be liquidated by January 9, 2024.

🦶 Ava Labs cuts 12% of staff (~40 ppl.) to “realign resources for further expansions”.

🇰🇪 Kenyan lawmakers asked the local Blockchain Association to come up with a crypto bill draft.

🔸 Binance spot trading market share fell to “only” 40%. Was still at 62% a year ago. Overall market share, including derivates is still around 51%.

🚷 The SEC is struggling to hire crypto experts. They state private-sector competition and the unwillingness of candidates to sell their crypto holdings as the biggest reasons.

🪙 Elon Musk is denying rumours that X, Tesla, or SpaceX will ever issue a native crypto token.

🌌 Evmos is planning to stop accepting Cosmos-based transactions to only focus on EVM chains. The discontinuation of Cosmos transactions is planned to be finished by Q3 2024.

💶 StablR announced a $3.5 million seed round without specifying the valuation. They are issuers of the Euro stablecoin $EurR.

🥷 Some accounts claim to have proof that the Chinese Communist Party is secretly controlling Ethereum. None of their “proof” has been shared so far; Comments are full of bots blindly agreeing with them.