US District Judge Peter Castel has approved a $12.7 billion settlement deal for the failed exchange FTX and its sister company, Alameda Research. The settlement, reached on August 7, 2024, resolves a legal dispute with the US Commodity Futures Trading Commission (CFTC) following FTX's collapse in late 2022. The agreement allocates $8.7 billion to investors misled by former CEO Sam Bankman-Fried, with the remaining $4 billion going towards FTX creditors. Notably, no civil monetary penalties were imposed on FTX or Alameda, focusing instead on expediting creditor reimbursement. The deal also prohibits deceptive practices in digital asset trading. Creditors may receive up to 118% of their claims under $50,000, with the option to choose between bitcoin or fiat currency by August 16. The settlement signals a potential shift in the crypto industry, emphasizing the importance of investor protection and regulatory oversight. Read more AI-generated news on: https://app.chaingpt.org/news

BTSE has unveiled BTSE Dex 2.0 in collaboration with Orderly Network, offering cross-compatibility for Ethereum Virtual Machine-based chains. The upgraded platform supports trading for over 50 perpetual futures on networks like Base, Optimism, and Arbitrum. Leveraging Orderly Network's decentralized exchange protocol, BTSE Dex 2.0 provides liquidity and cross-chain interoperability to decentralized order books. The announcement highlighted that the platform is set to receive nearly $1 million in token rewards from Orderly and BTSE Dex, distributed in USD Coin (USDC). BTSE CEO Henry Liu expressed enthusiasm about the partnership, emphasizing the growth potential facilitated by Orderly Network's innovative product. The BTSE Dex is part of the BTSE Group's offerings, a global blockchain technology company that has seen significant trading volume on its exchange. Orderly Network's COO praised BTSE's commitment to innovation in the crypto space and their collaboration to enhance the DeFi landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Intelligence company Palantir saw an 11% increase in shares on Aug. 8 following news of a collaboration with Microsoft to provide AI services and analytics to US defense and intelligence agencies. Palantir will utilize Microsoft's secure cloud technology to offer its suite of products to defense agencies, including Foundry, Gotham, Apollo, and AIP. The partnership will also involve Palantir being an early adopter of Azure's OpenAI Service in top-secret environments. The company aims to leverage AI in various defense sectors such as logistics and task prioritization. Palantir recently reported strong Q2 earnings and raised its annual revenue forecast, reflecting a growing demand for AI-driven data services. Founded in 2003 by Peter Thiel, Palantir has expanded its services beyond intelligence agencies to include civilian clients like Morgan Stanley and Airbus. The company also started accepting Bitcoin payments in 2021, hinting at a possible addition of BTC to its balance sheet. Read more AI-generated news on: https://app.chaingpt.org/news

Password manager 1Password recently addressed a security flaw in its Mac software that could have exposed users' vault data to attackers. The vulnerability, disclosed on Aug. 6, required the user to unknowingly install malware for exploitation. Some cryptocurrency users utilize 1Password to safeguard wallet seed words, private keys, or exchange passwords. The flaw, discovered by the Robinhood Red team, was fixed in version 8.10.36. 1Password urges users to update to the latest version to protect against potential attacks. The vulnerability could have allowed attackers to hijack trusted 1Password integrations and extract vault items. Despite no evidence of exploitation, users are advised to verify their 1Password version is at least 8.10.36. Storing sensitive information in password managers poses risks, as demonstrated by past breaches. It is crucial for users to remain vigilant and prioritize security measures. Read more AI-generated news on: https://app.chaingpt.org/news

Researchers from Imperial College London have identified circuit layer vulnerabilities as the main threat to systems using Succinct Non-Interactive Arguments of Knowledge (SNARKs). The study analyzed 141 vulnerabilities across popular SNARK projects, revealing issues such as under-constrained, over-constrained, and computational errors. These vulnerabilities can compromise system soundness and completeness, with 95 affecting soundness and four affecting completeness. Developers face challenges in optimizing circuits for efficiency, impacting the cost of using SNARKs. Additionally, the conference highlighted Aptos team's implementation of weighted verifiable random functions (VRFs) to enhance consensus randomness. By incorporating weights based on stake, participants have varying probabilities of selection. Aptos successfully deployed this mechanism on its mainnet, providing unbiased and fast randomness. The distributed key generation process lasted approximately 20 seconds, showcasing significant progress in enhancing system security. Read more AI-generated news on: https://app.chaingpt.org/news

Zug, Switzerland, August 8th, 2024 - Haven1, the REKT-Resistant EVM L1 blockchain, and Amazon Web Services (AWS) have announced a strategic partnership. AWS will be one of the initial validators of the Haven1 Proof-of-Authority blockchain, emphasizing a commitment to security, innovation, and Web3 adoption. The partnership with AWS, a leading cloud solution provider, signifies a significant milestone for Haven1. By leveraging AWS cloud services like Graviton2 processors, Secrets Manager, and GuardDuty, Haven1 aims to create a secure ecosystem for Web3 innovation. CTO Gianluca Ortolani highlighted the network's focus on security, liquidity, and decentralized governance, positioning Haven1 as a trustworthy leader in Web3 solutions. Through innovative features like Haven1 Passport and AI-powered monitoring, Haven1 is establishing a 'SafeHaven' for on-chain activities. For more information, visit www.haven1.org. Read more AI-generated news on: https://app.chaingpt.org/news

The European Blockchain Convention has announced its 10th edition, set to occur on September 25th and 26th, 2024, in Barcelona, Spain. This event will bring together industry leaders, policymakers, developers, and startup CEOs to shape the future of the industry. EBC10 will cover topics like digital assets, Web3, tokenization, DeFi, NFTs, AI, and more. Attendees can enjoy unique experiences such as a beach party, beach running, and wine tasting. The convention coincides with the Louis Vuitton America’s Cup. With over 100 sessions, an exhibition area, tech-enabled meetings, a startup battle, and networking opportunities, EBC10 offers an immersive experience. The event aims to celebrate industry achievements and pave the way for the future. To learn more and register, visit www.eblockchainconvention.com. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency market is rebounding following a tumultuous Black Monday that impacted both stocks and digital assets. Amidst uncertainty, investors are turning to Base Dawgz ($DAWGZ) as a potential solution. Despite the recent market crash triggered by the Japanese Yen's decline and subsequent emergency meetings, presale tokens like Base Dawgz have shown resilience. With over $2.8 million raised in its presale and a promising future, Base Dawgz presents a lucrative opportunity for investors. Its ties to the thriving Base chain, multi-chain functionality, and innovative share-to-earn program make it a standout in the evolving meme coin market. By participating in the presale and leveraging incentives like the share-to-earn promotion and referral bonuses, investors can position themselves for significant gains once Base Dawgz hits major DEX exchanges. In a market filled with uncertainty, Base Dawgz offers a beacon of hope for savvy investors. Read more AI-generated news on: https://app.chaingpt.org/news

Vancouver, Canada, August 8th, 2024 - Yawn, a meme token, enters the market within a $1 billion ecosystem, offering holders opportunities for growth. With a focus on community and brand expansion, YAWN aims to carve a niche in the crypto world using technology and AI. Backed by e-commerce experts, the $YAWN token plans to excel in both e-commerce and crypto realms. YAWN stands out with its merchandise line, including Sleep Gummies and Calming Capsules, available on the Yawn E-shop. The project also includes plans for a YAWN Sleep App, AI wallet, and a Web3 game. Tokenomics feature an 8 billion token supply, 0% tax, and locked liquidity for stability. Security measures are in place, with audits ensuring safety. The roadmap outlines phases for token launch, NFTs, AI apps, and gaming. Interested buyers can acquire $YAWN on MEXC and Uniswap exchanges. Joining the YAWN community offers engagement and contribution opportunities in this innovative meme token ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

A new proposal in the United States aims to create a Bitcoin tax-free Digital Economic Zone (DEZ) to boost the country's digital economy. The USABTC policy group is leading this initiative, advocating for tax-free Bitcoin trading and accumulation within the DEZ, with a tax on redemption. The proposal suggests that this zone could attract investors, promote wealth growth, and generate revenue through taxed redemptions. The plan includes creating a pegged Bitcoin system on a layer-2 solution for secure transactions. The phased approach involves presidential authorization, legal opinions, legislative efforts, and IRS collaboration. The initiative aims to position the US as a global digital economy leader while safeguarding against government overreach. If successful, the DEZ could be operational by 2026, marking a significant step towards a thriving digital economy in the US. Read more AI-generated news on: https://app.chaingpt.org/news

Animoca Brands has teamed up with luxury car manufacturer Lamborghini to investigate novel Web3-based brand engagement strategies, showcasing the expanding possibilities of blockchain technology. The collaboration aims to offer distinctive Web3 digital experiences to Lamborghini's enthusiasts and clientele, positioning the brand at the forefront of digital-asset-driven customer interactions. Industries are increasingly embracing blockchain solutions to enhance their online brand presence through digital assets like NFTs. The partnership also involves Motorverse and Gravitaslabs, indicating potential releases in the future. The introduction of Lamborghinis into Motorverse, an open ecosystem for racing games and digital vehicles, is anticipated. Despite the Revv token's recent struggles, the partnership announcement could boost interest in the gaming coin. While Revv remains a relatively small cryptocurrency, the partnership holds promise for its future growth. Read more AI-generated news on: https://app.chaingpt.org/news

MultiversX, a blockchain utilizing a non-Ethereum Virtual Machine (EVM), has unveiled MultiversX Snap for MetaMask, which includes an onchain two-factor authentication (2FA) feature. This new offering aims to bolster security for MetaMask users connecting to the MultiversX ecosystem. MultiversX Snap is part of MetaMask Snaps, third-party add-ons that extend the wallet's functionalities. Beniamin Mincu, MultiversX's co-founder and CEO, sees this integration as a significant advancement for the industry. The 2FA feature, integrated into the sharded protocol, enhances security across applications and wallets within the ecosystem. MultiversX's onchain 2FA solution, the Guardians, was developed to combat fund theft, even in cases of compromised seed phrases. The successful public testing of the Guardians, as demonstrated in initiatives like EGLDHeist, showcases the effectiveness of this security feature. Additionally, MultiversX recently collaborated with Cornell University to provide blockchain education to underserved college students. Read more AI-generated news on: https://app.chaingpt.org/news

Coinbase is planning to expand the integration of its secure crypto custody accounts, known as Vaults, into more of its services, including its institutional custody business. The Vaults utilize multiparty computation (MPC) to secure transactions by splitting the private key among multiple parties, reducing the risk of a single point of failure. These Vaults are crucial for safeguarding billions of dollars in customer assets held by Coinbase. The company aims to enhance security by distributing key shares across different entities and environments, ensuring strong separation. With the increasing value of digital assets, such as Bitcoin and Ether, protecting against potential attacks is paramount. Coinbase's strategic approach involves a combination of MPC servers, human approvers, and stringent security protocols to safeguard assets throughout their life-cycle. This proactive stance reflects the company's commitment to maintaining the trust and security of its customers' assets in the rapidly evolving crypto landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Independent analysts have refuted a recent social media post alleging that dormant wallets connected to the multibillion-dollar crypto scam Token Plus were transferring nearly $2 billion in Ether. The blockchain analytics service Lookonchain initially reported that TokenPlus wallets were moving 789,533 ETH, valued at $1.8 billion, but a follow-up investigation by Chinese crypto data account EmberCN revealed that most of the ETH had already been sold in 2021. EmberCN identified that only around 25,757 ETH, worth $63.1 million, had been transferred in the last 24 hours. Despite claims from other sources like Arkham Intelligence about significant ETH movements, closer scrutiny showed minimal activity from primary Token Plus wallets. Plus Token, a major alleged crypto Ponzi scheme, defrauded investors of billions. Chinese authorities arrested key figures in the project, with one leader facing criminal charges in China. The impact of crypto bots, including rug pulls, on the market is also discussed in the article. Read more AI-generated news on: https://app.chaingpt.org/news

The NYSE American LLC has submitted a rule change proposal to the SEC to allow options trading for three Ether exchange-traded funds managed by Grayscale and Bitwise. The proposal aims to list options for the Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), and Grayscale Ethereum Mini (ETH). NYSE American believes that introducing options trading for these Ether ETFs will offer investors a cost-effective way to gain exposure to Ether and provide a hedging mechanism for ETH products. Comments on the proposal are expected within 21 days. This request is specific to Grayscale and Bitwise, as they are the only Ether funds listed on NYSE American. Similarly, Nasdaq has also requested options trading for the BlackRock iShares Ethereum Trust. Both exchanges may face delays in approval, as the SEC has yet to authorize options trading for spot Bitcoin ETFs. Options play a crucial role in risk management strategies for investors, especially during market volatility. Read more AI-generated news on: https://app.chaingpt.org/news

TOKEN2049, the world’s largest Web3 and crypto conference, has announced an impressive DJ line-up for AFTER 2049, the official closing event of this year’s highly anticipated Singapore edition. Headlining the event will be the award-winning trio WhoMadeWho, making their debut in Singapore, along with South African DJ Da Capo and returning acts Leon, Milam, and Mo-Shi. AFTER 2049 will take place on September 20th at Marina Bay Sands’ SkyPark Observation Deck, offering breathtaking views of the Formula 1 evening session from the 57th floor. The event will host 2,000 guests with a premium open bar and a multi-sensory music experience. Tickets for the event sold out quickly in 2023, and this year's demand is expected to exceed previous records. Sponsors for AFTER 2049 include a variety of prominent blockchain and crypto companies. Limited tickets will be available starting August 13th via Resident Advisor. For more information and updates, visit the TOKEN2049 website. Read more AI-generated news on: https://app.chaingpt.org/news

In a groundbreaking move, INX Digital Company, Inc. has formed a strategic partnership with Muriel Siebert & Co., LLC, bridging the gap between traditional finance and digital innovation. This collaboration aims to expand investment opportunities in Real World Assets (RWAs) by leveraging INX's cutting-edge marketplace for primary issuance and secondary trading. By introducing Siebert's clients to INX's RWA tokenization capabilities, the partnership opens doors to new investment sectors like entertainment and sports. The alliance between Siebert and INX signifies a shift towards merging traditional financial services with modern digital asset opportunities. This referral relationship paves the way for secure and regulated pathways for capitalizing on digital securities and tokenized assets. The CEOs of both companies express enthusiasm for the collaboration, highlighting the potential to redefine the investment landscape and set new standards for integrating traditional and digital investment avenues. Read more AI-generated news on: https://app.chaingpt.org/news

Recent data indicates a significant decrease in Ethereum activity, with transaction numbers hitting a 5-month low. This decline aligns with a broader market downturn, leading to concerns about Ethereum's short-term outlook. Despite a recent peak in transaction counts, Ethereum is now experiencing a slowdown, with daily transactions dropping to levels not seen since February. The decrease in active wallet addresses has also contributed to this trend. However, layer 2 solutions like Base network are gaining traction, offering faster and cheaper transactions. Ethereum co-founder Vitalik Buterin remains optimistic about the future, believing that layer 2 networks will address interoperability challenges. He envisions a seamless Ethereum ecosystem in the near future, driven by growing interest and collaboration within the community. Read more AI-generated news on: https://app.chaingpt.org/news

Arbitrum has partnered with Circle to incorporate USDC as a custom gas token for Orbit Chains. This collaboration aims to enhance transaction processes within the ecosystem by offering users greater convenience, price stability, and accessibility. The integration of USDC streamlines payments, ensuring stable and predictable gas costs while boosting liquidity and accessibility on Arbitrum. This move also simplifies user interactions by eliminating the need for USDC conversions. Additionally, it opens up opportunities for projects to apply for Circle's USDC Grant Program. The Arbitrum DAO's Orbit expansion proposal has received strong support from the crypto community, driven by the need for diversification and stability in DeFi projects. Hedgey is currently investigating an exploit on its platform, with only 17% of its USDC held on Base. CryptoSlate's market report explores stablecoin distribution metrics in the $164 billion market cap. Disclaimer: The opinions expressed in this article are those of the writers and do not constitute investment advice. Readers are advised to conduct their own research before engaging in cryptocurrency trading. Read more AI-generated news on: https://app.chaingpt.org/news

Minnesota Governor Tim Walz, who recently became Kamala Harris' running mate, received a $4,000 donation from former FTX engineering director Nishad Singh in 2022. Singh also sent funds to Walz's reelection committee in October 2022. Former FTX CEO Sam Bankman-Fried donated $2,500 to Minnesota Attorney General Keith Ellison's campaign before FTX filed for bankruptcy. Walz returned Singh's contribution amid FTX's collapse. Singh, who pleaded guilty to fraud, testified against Bankman-Fried, who is serving a 25-year sentence. Walz, known for his silence on digital assets, may have fewer conflicts of interest than Congress members. He sponsored the STOCK Act in 2011, requiring lawmakers to report assets. The Act has revealed crypto holdings of many senators and representatives. Some argue for stricter regulations on congressional stock trading. Walz's campaign has no clear crypto platform as of now. Read more AI-generated news on: https://app.chaingpt.org/news