Bitcoin (BTC) has fallen 3.6% in the past 24 hours to $56,710. The digital coin's market capitalization has fallen to $1.12 trillion. Ether (ETH) has also followed BTC's lead, settling at $2,400, down 4%. Bitcoin spot ETFs have seen a net outflow of $288 million on September 3. This trend has now lasted for five days in a row. Ethereum ETFs have seen a net outflow of $47.39 million.
SEC Charges Galois Capital
Binance's Gambaryan Seeks Release
21Shares Introduces Its Own Version of 'Wrapped Bitcoin'
Hacker WazirX laundered $6.5 million
Cybercriminals Attack Pendle
Aave and Sky are developing the DeFi sector
Matter Labs Cuts Staff
Terraform Labs Moves $62M to BTC
SEC Charges Galois Capital
The US regulator accused Galois Capital Management of violating the Investment Advisers Act because the company stored cryptocurrencies on the FTX exchange instead of using the services of a qualified custodian. About half of the fund's assets were lost due to the collapse of the trading platform.
Binance's Gambaryan Seeks Release
Binance's Tigran Gambaryan may be released on bail from a Nigerian prison due to his deteriorating health. Medical records indicate that he needs urgent surgery. Binance CEO and Gambaryan's wife are asking for his early release.
21Shares Introduces Its Own Version of 'Wrapped Bitcoin'
The company has launched 21BTC, a secure alternative to Wrapped Bitcoin (WBTC) based on Ethereum. The new token focuses on security and interoperability, and will be powered by Flow Traders as a market maker.
Hacker WazirX laundered $6.5 million
The cybercriminal or group who stole more than $235 million from Indian cryptocurrency exchange WazirX transferred $6.5 million in digital assets to the Tornado Cash mixer. In this way, they laundered some of the stolen funds.
Cybercriminals Attack Pendle
A yield farming protocol built on Pendle Finance suffered a reentrancy attack, causing users to lose around $27 million. The protocol was temporarily suspended.
Aave and Sky are developing the DeFi sector
The companies signed a cooperation agreement. They launched the Sky Aave Force initiative to integrate USDS and sUSDS stablecoins on Aave, which will expand yield opportunities in the DeFi sector.
Matter Labs Cuts Staff
The developer of the Ethereum Layer 2 protocol ZKsync has laid off 16% of its staff due to a significant drop in demand for the ZKsync Era protocol. The number of active users has dropped from 455,000 in April to about 92,620 in August.
Terraform Labs Moves $62M to BTC
A wallet holder belonging to Terraform Labs made a transaction worth $62 million in BTC. He sent the assets to an unknown address. The funds were linked directly to Terra co-founder Do Kwon.
