There have been many predictions about the potential price of BTC in 2024, as Bitcoin halving is expected to happen in about four months, or roughly 120 days. Some experts believe that Bitcoin's price could reach at least $100,000, while others, such as Authur Hayes and Samson Mow, think that the crypto king could reach $1 million.
This week, Bitcoin's price dropped by 4.84% compared to the previous week, but it is still trading at around $41,800. Despite this slight decline, there were several important news stories you will find interesting. 
Let's take a closer look at them.
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TOP CRYPTO NEWS RECAP (DECEMBER 10–DECEMBER 16, 2023)
●      The Ethereum Community Adopts ERC-3643 as Standard for Compliant Asset Tokenization
●      SafeMoon Blockchain Firm Files for Bankruptcy Amid Fraud Allegations
●      Ledger Security Breach Impacts Ethereum DApps in $500,000 Hack
●      SEC Holds Another Crucial Talks with BlackRock on Bitcoin ETF Approval
●      CoinList Settles $1.2M with OFAC Over Crimea Transactions
●      OKX DEX Faces $2.7M Hack Due to Leaked Admin Key
The Ethereum Community Adopts ERC-3643 as Standard for Compliant Asset Tokenization
The Ethereum community has adopted ERC-3643 as a standard for compliant tokenization of real-world assets (RWAs). This Ethereum Improvement Proposal (EIP) has been formally reviewed, discussed, and agreed upon. ERC-3643 focuses on securities tokenization, payment systems, and loyalty programs, verifying users' eligibility for tokens via a self-sovereign identity framework. It incorporates two permission layers for enhanced security and compliance. 
Asset tokenization is expected to grow to a market worth $10 trillion by 2030, offering benefits such as increased liquidity and faster settlements. Notable companies exploring this technology include JPMorgan, Goldman Sachs, and Societe Generale.
#Safemoon Blockchain Firm Files for Bankruptcy Amid Fraud Allegations
Blockchain firm SafeMoon has filed for Chapter 7 bankruptcy after its founder and two executives were indicted on fraud charges. The trio allegedly used $200 million of clients’ funds for personal gain, leading to a significant impact on the price of the SFM token. The bankruptcy filing has left former employees unpaid and caused frustration among investors, with allegations of being scammed. The token's price has experienced significant fluctuations, and the company had previously suffered a net loss of $8.9 million due to exploitation in March.
#Ledger Security Breach Impacts Ethereum DApps in $500,000 Hack
Several Ethereum-based applications, including Zapper and SushiSwap, faced compromise due to a Ledger security breach, affecting decentralized finance (DeFi) projects. Ledger, the crypto hardware wallet manufacturer, fixed the malicious code, urging users to employ "Clear Sign" transactions. 
 
The breach, termed a "supply chain attack," resulted in a potential loss of over $500,000. Ledger's CEO assured users the incident was isolated, caused by a phishing scam affecting a former employee. While such crypto exploits stain the industry, they also prompt lessons and opportunities for improvement. Tether's swift response further highlighted the community's ability to track and freeze affected addresses.
SEC Holds Another Crucial Talks with #BlackRock on Bitcoin ETF Approval
Another week, another Crypto spot ETF meeting. The United States Securities and Exchange Commission engaged in a third meeting with BlackRock, discussing the proposed rule change for a spot Bitcoin exchange-traded fund (ETF). The regulator is intensifying discussions with major asset managers, including Grayscale, Franklin Templeton, and Fidelity, aiming to address concerns about market manipulation and investor protection.
The SEC plans to make decisions in early January on several spot Bitcoin ETF applications, potentially paving the way for cryptocurrency trading on Wall Street's major exchanges.
#CoinList Settles $1.2M with OFAC Over Crimea Transactions
Cryptocurrency exchange CoinList has agreed to a $1.2-million settlement with the U.S. Treasury’s Office of Foreign Assets Control (OFAC) for allegedly facilitating 989 transactions in apparent sanctions violations. OFAC stated that CoinList's screening procedures failed, allowing users to misrepresent themselves as residents of non-embargoed countries while providing Crimea addresses. 
 
While the violations were deemed "non-egregious," CoinList cooperated with authorities. The settlement follows similar actions against crypto firms like Poloniex and Binance, emphasizing heightened scrutiny on sanctions compliance within the industry.
#OKX DEX Faces $2.7M Hack Due to Leaked Admin Key
The OKX decentralized exchange (DEX) fell victim to a $2.7 million hack on December 13, triggered by a leaked private key of the proxy admin owner. The attack exploited vulnerabilities during contract upgrades, prompting the removal of the compromised DEX proxy from the trusted list. 
Despite claims of an old abandoned contract being attacked, blockchain security firms confirmed losses, emphasizing that decentralized platforms aren't immune to risks. The incident contributes to a concerning trend, with the crypto industry facing $1.5 billion in losses from hacks, exploits, and scams in 2023.
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If you missed out on $XAI - the Layer3 Token in the GameFi sector, you shouldn't miss this article.
📍 Project information
zkLink is a ZK multi-rollup #Layer3 solution designed to address liquidity fragmentation issues on Ethereum L2 rollups.As a general-purpose L3, zkLink will support diverse dApps built on the ecosystem, ranging from order book DEXs to NFT marketplaces, with low network costs and high security. The project has already integrated with over 7 different chains.From 2021 until now, zkLink has raised funds in two rounds, totaling $18.5 million, from tier-1 VCs such as CoinBase, Join Republic, Arrington Cap, GSR_io.A plus point is that the project's X channel and Discord have good user interaction with over 300k followers on each channel.
📍 Registration to purchase $ZKL
Currently, #CoinList is open for registration to purchase $ZKL ICO with the following detailed information:
Purchase slot: $100 - $50031.25 million $ZKL (3.125% supply) will be offered for $0.15 (valued at $150 million FDV)$ZKL max supply: 1,000,000,000Token release schedule: 30% TGE on 31/03, followed by gradual release over 9 months (a favorable vesting schedule)Registration payment with $USDT or $USDC on the ETH networkRegistration deadline: 22/1/2024.Sale starts: 25/1.

If anyone finds it appealing, go for it; otherwise, skip it. After missing out on $XAI Layer-3, making up for it with this one.
Remember to always DYOR and do thorough research before investing.
$ZKL #ico #TrendingTopic #XAI

NuLink is a cutting-edge platform that stands at the forefront of Web3 innovation, offering a Web3-based ZK Provable Data Privacy Solution for decentralized applications (DApps). It is designed to revolutionize the landscape of DApps by providing developers with a comprehensive suite of security and privacy features.
The venture capital arm and accelerator of Binance, Binance Labs, has recognized the potential of NuLink by selecting it for its incubation program. This program is a testament to Binance Labs' commitment to empowering scalable and downturn-resilient projects that are crucial for the growth of the Web3 industry.
Technical Foundation
NuLink's technology platform is a fusion of robust blockchain foundations, access control mechanisms such as Proxy Re-Encryption (PRE) and Attribute-Based Encryption (ABE), and secure computation protocols including Zero-Knowledge Proof (ZKP), Secure Multi-party Computation (MPC), and Fully Homomorphic Encryption (FHE)⁸. This technical amalgamation establishes NuLink as an integral solution for data sharing and computation services, especially tailored for preserving data privacy.
Benefits and Advantages
Data Privacy and Security
NuLink addresses the critical need for data privacy and security in the digital age. With its advanced encryption and cryptographic access control, sensitive user data can be securely shared and accessed only by authorized parties, ensuring confidentiality and security.
Ease of Implementation
One of NuLink's core values is its ease of implementation. The platform is designed to be developer-friendly, allowing businesses of all sizes to integrate NuLink's privacy-preserving technologies into their applications with minimal effort.
Open Source and Management
NuLink is open source, which means that its code is available for anyone to review, audit, and contribute to. This transparency builds trust and fosters a community around the project. Additionally, NuLink is easy to manage, providing a seamless experience for users to share data securely if they choose to.
Enterprise-Level Services
NuLink provides enterprise-level data sharing and computation services. This makes it an attractive option for businesses looking for robust privacy-preserving solutions that can scale with their needs.
Binance Ecosystem Integration
As a winner of Binance Labs Grants, NuLink is dedicated to the development of data encryption and privacy technologies while providing ongoing services within the Binance ecosystem, such as BNBChain and GreenField.
Nulink's Future Vision
NuLink's roadmap includes ambitious plans for expanding its capabilities and integrating with mainstream public chain ecosystems. The project has received grants from notable entities such as the Polkadot Web3 Foundation, indicating strong support and confidence in its future development.

NuLink, supported by Binance Labs, is poised to make a significant impact on the Web3 space by providing robust, privacy-preserving solutions for DApps. Its benefits and advantages make it a compelling choice for developers and businesses looking to secure their data and leverage the full potential of decentralized technologies.

#NuLink #BinanceLabs #CoinList #ZK #NLK

Nibiru Chain has emerged as a groundbreaking blockchain within the Cosmos ecosystem, poised to launch its mainnet soon. This article provides an in-depth overview of the network's features, capabilities, and its potential impact on the Web3 space.Understanding Nibiru ChainNibiru is a proof-of-stake blockchain designed to establish a universal Web3 hub, combining user-friendly features with the power of Cosmos SDK and Tendermint Core consensus. Its interoperability via Inter-Blockchain Communication (IBC) sets it apart, allowing seamless communication with other blockchains.Nibiru Chain FeaturesSearchable Index: Nibiru offers a searchable index of blockchain data for easy analysis, enabling Web3 projects to track user behavior and make informed decisions.Oracle Module: Nibiru's robust Oracle Module addresses the limitations of existing platforms, providing a secure and efficient solution for real-world data integration.Improved Incentive Model: Developers benefit from an enhanced incentive model tying rewards to time-weighted Total Value Locked (TVL) in smart contracts, aligning with ecosystem growth.Addressing On-Chain FragmentationNibiru Chain introduces the 'Super App' model to tackle fragmentation in the blockchain space. By consolidating decentralized oracles, exchanges, stablecoins, data indexing, and smart contract royalties into a single platform, Nibiru aims to enhance user and developer experiences, fostering broader Web3 adoption.Growing EcosystemLeveraging CosmWasm for smart contracts, Nibiru incentivizes developers through a unique royalties system, sharing gas fees from transactions involving their smart contracts. The diverse expertise of the Nibiru team, spanning blockchain, Web3, technology, and finance, contributes to the platform's strategic direction.Nibiru Chain Productsa. Nibi-Perps: A fully on-chain perpetual futures DEX offering up to 10x leverage trading. It addresses DEX challenges with reduced latency and a solution for market imbalances.b. Nibiru Oracle Module: Facilitates secure and fast real-world data integration into the blockchain, crucial for pricing on the Nibi-Perps DEX and other functionalities.c. Nibi-Swap: An automated market maker (AMM) protocol for spot trading, supporting stableswap and constant product pools, enhancing DeFi liquidity and functionality.d. NUSD Stablecoin: Nibiru's native stablecoin, NUSD, draws liquidity from Ethereum to Cosmos, offering advanced tools for yield generation and cross-exchange arbitrage.As Nibiru Chain advances, it not only focuses on technological enhancements but also aims to create an integrated, user-friendly Web3 environment. With innovative solutions like Nibi-Perps and Nibi-Swap, Nibiru positions itself as a significant player in the Cosmos ecosystem, driving innovation in the blockchain and DeFi landscapes.To stay informed with Nibiru Chain visit linktr.ee/nibiruchain#Nibiru #NIBI #NibiruChain #CoinList #Cosmos