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Top 5 Country Gold Medal 🥇 till now highest won in Paris Olympic2024 1. China 🇨🇳 11 2.United State 🇺🇸 8 3. France 🇫🇷 8 4.Japan 🇯🇵 8 5.Australia 🇦🇺 7
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🌷 BREAKING 🚀 SEC likely still believes SOL is a security, say crypto execs Many crypto observers may be “overreading” the security regulator’s latest filing for its Binance lawsuit, meaning Solana and other tokens may not be off the hook yet. The United States securities regulator hasn’t necessarily let Solana off the hook as a security despite retracting its request for a court to decide on the matter as part of its Binance lawsuit on July 30. “There is no reason to think SEC has decided SOL is a non-security,” said Jake Chervinsky, chief legal officer at crypto-focused venture capital firm Variant Fund, in a July 30 X post. Chervinsky’s post refers to the latest response from the US Securities and Exchange Commission, seeking to amend its complaint regarding the “Third Party Crypto Asset Securities.” Essentially telling the court it is no longer asking to determine whether the tokens listed in the lawsuit are securities or not. While Chervinsky didn’t expand on what that “litigation tactic” may be, he highlighted that the SEC still refers to the same tokens as securities in other crypto exchange lawsuits, including its one with Coinbase. In separate posts, Miles Jennings, general counsel and head of decentralization at a16z Crypto, and Justin Slaughter, policy director at Paradigm, appeared to agree. Slaughter argued that many are “overreading this filing” and that it doesn’t mean the SEC has decided that Solana and other tokens are not securities. Jennings explained that Judge Amy Berman Jackson had set such a high bar to establish the Howey test in the Binance case that it wasn’t worth the SEC’s time and effort to prove these tokens were securities. Judge Katherine Polk Failla in the Coinbase lawsuit seems more “inclined” to agree with the SEC’s position — therefore, it isn’t worth making the same request made in the BINANCE lawsuit. Source:Cointelegraph
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🎯BITCLOUT FOUNDER ARRESTED FOR $257M FRAUD Nader Al-Naji, aka “Diamondhands,” got busted for fraud after scamming $257M with BitClout. He lied about the project being decentralized and blew the money on a Beverly Hills mansion. The SEC and FBI are on him, and he could face 30 years in prison. Source: Fortune
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🇨🇦My targets for next 12 months: $BTC: $150k-$250k $ETH: $10k-$15k $BNB: $1,000-$1,400 $SOL: $450-$650 $XRP: $3-$5 $DOGE: $1 $DOT: $100-$120 $LINK: $250-$500 $AVAX: $200-$300 $PEPE:$0.00009000 $WIF : $10 $ICP: $100-$150 $INJ: $120 $TIA: $100-$150 $MANTA: $30-$60 Did I miss any?
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🔥North Korean hackers responsible for $235 million theft from Indian crypto exchange WazirX, says Cyfirma More than a week after $230 million was stolen from the Indian crypto exchange WazirX, it has been identified that the North Korean hacker group Lazarus Group was behind this massive theft. According to Cyfirma, the state-sponsored attack is linked to North Korea's Reconnaissance General Bureau (RGB), a primary intelligence service. CYFIRMA’s researchers' analysis revealed that close to $235 million in crypto assets were lost due to the breach. This included over 200 different assets, such as approximately $96.7 million of Shiba Inu, $52.6 million of Ether, $11 million of Matic, and $7.6 million of Pepe. The threat actor has already swapped a number of these tokens for Ether using a variety of decentralized services, an expected initial step in a typical laundering process, the firm said. The attacks were carried out by two subgroups of the Lazarus Group, namely APT38 and Blue Noroff. Lazarus mainly targets crypto exchanges and financial institutions worldwide. APT38 primarily focuses on financial crimes, including attacks on banks and cryptocurrency exchanges. They are known for orchestrating large-scale heists and have been linked to several high-profile attacks on Asian financial institutions and crypto exchanges. APT38 uses sophisticated techniques such as custom malware, spear-phishing campaigns, and exploiting software vulnerabilities to infiltrate and steal funds. BlueNoroff is focused on targeting financial institutions and cryptocurrency exchanges. Cyfirma said the group has been implicated in various attacks on crypto exchanges in Asia, employing tactics such as phishing, malware deployment, and social engineering to compromise their targets. In 2017 and 2018, Bithumb, one of South Korea's largest cryptocurrency exchanges, suffered multiple hacks attributed to Lazarus Group, resulting in millions of dollars in stolen cryptocurrency. In January 2018, Coincheck, a Japanese cryptocurrency exchange, was hacked #WazirX
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