What happened in the crypto space in the past 12 hours:
• Bank of Japan rate announcement coming soon. Market attention now turns to the Bank of Japan as the Fed has already cut rates “significantly”. Arthur Hayes said we need to watch USD/JPY and if $JPY weakens, $BTC will strengthen.
• BingX suspects a large amount of tokens were stolen from Hot Wallet. They announced that the wallet is currently under maintenance and will be restored within 24 hours.
• Terraform Labs’ liquidation process has begun and is expected to pay $184.5 million to $442.2 million to crypto investors and other stakeholders.
• $FLOKI - Marketing announcement by Floki on X Space at 4:00 PM (UTC) on September 24.
• $DOT - Polkadot announces the release of Agile Coretime, an important product paving the way for the Polkadot 2.0 upgrade.
• $OAS - Oasys announces the launch of a new DeFi project. Updates include Gaming DEX, LiquidStaking, and PerpDEX.
• $APT - MEXC Ventures, Foresight Ventures, and Mirana Ventures announce joint fund to support projects within the Aptos ecosystem.
• $DRIFT - Drift announces $25M Series B funding led by Multicoin Capital.
• $SUNDOG - Sundog's staking feature is now live. Sundog announced that staking is now live. Staking APR up to 60%.
