Su Zhu arrested while leaving the country ๐ฎ
Three Arrows Capital co-founder Su Zhu was apprehended in Singapore while trying to leave the country. He was sentencedย to 4 months imprisonment...
Teneo, the company in charge of selling Three Arrows Capital's assets, says a judge ordered the arrest of Su Zhu. Firstly, The judge ordered Zhu to cooperate with the liquidation process, but he did not. As a result, orders were passed that Zhu must be arrested and held in prison for four months.
Read more: Twitter | Buisness Times
SEC delays Blackrock spot Bitcoin ETF decision ๐
(SEC) has delayed its decision on several proposals for spot Bitcoin exchange-traded funds (ETFs), including those from BlackRock, Invesco, Valkyrie, and Bitwise. The applications from Fidelity, VanEck, and WidsomTree are also expected to be delayed. The delays are likely due to the anticipated U.S. government shutdown on Oct. 1.
Read more: CoinTelegraph
Buenos Aires Releases Blockchain Digital Identity Solution Powered by zkSync's ZK Proofs ๐งโ๐ฆฒ
Buenos Aires is releasing a new blockchain-based digital identity solution powered by zkSync's zk proofs. This will allow citizens to store and manage their personal identification documents, such as birth and marriage certificates, in a secure and decentralized manner. Starting in October, Buenos Aires citizens can download the QuarkID wallet โand claim key personal identification documents such as birth and marriage certificates.โ
The Buenos Aires government aims to sign up 2.5 million citizens to use QuarkID wallets by the end of the year.
Read more: CoinDesk
Ethereumโs EIP-7503 Takes Privacy to New Heights ๐
Ethereum's recent ACDE 171 event focused on several transformative elements that could shape the future of the network, including a new proposal for private ETH transfers called EIP-7503.ย
The highlight of the event was the introduction of EIP-7503, a proposition that will redefine private transfers on the Ethereum blockchain. EIP-7503 introduces a new approach called โBurn and Remint,โ which allows private transfers by burning and reminting ETH. The merger of ZKP, in this case, is designed to enhance privacy and security.
Read more: CoinPotato
Paradigm accuses SEC of bypassing rules in Binance lawsuit ๐
Paradigm, a venture capital firm, has criticized (SEC) for bypassing the standard rulemaking procedures in its current legal action against the cryptocurrency exchange Binance. Paradigm argues that the SEC is attempting to use the allegations in its complaint to alter the law without adhering to the established rulemaking process.
Read more: CoinTelegraph
Ethereum leads web3 development in the US, while BNB Chain takes the lead in Europe and Asia, per Chainstack's report โ
Ethereum is the most popular blockchain protocol for web3 development in the US, with 38.9% of node requests. BNB Chain is second with 31.3%, followed by Polygon with 17.2%.
In Europe, BNB Chain leads developer activity with 24.4% of node requests, closely followed by Polygon and Avalanche with 22.8% and 22.6%, respectively. Ethereum comes in fourth place at 18.3%.
In Asia, BNB Chain also dominates, with 72.1% of node requests. Ethereum follows at 25.4%, with Polygon and Arbitrum generating 4.5% and 4.3% of requests, respectively.
Read more: Theblock
SBI joins UAEโs TradeFinex to set up joint crypto venture in Japan ๐ซ
SBI Holdings and TradeFinex will work together to localize XDC Network information and documentation in Japan, proliferate XDC tokens to local cryptocurrency exchanges, and deploy trade finance solutions across the Asia-Pacific region.
The launch of the joint venture comes after recent reports from Japan that its government intends to permit startups to raise funds through the issuance of cryptocurrency tokens instead of conventional stock listings.
Read more: CoinTelegraph
OpenTrade Launches Tokenized Treasury Bills on Protocol Developed by Circle ๐ป
This product allows accredited investors to buy and sell tokenized treasury bills, and to lend USDC against them. The bills are 1:1 backed by actual treasury bills, and the lending is secured by the bills. This product is intended to provide investors with a digital U.S. treasury bill savings account that is "nearly risk-free." It is not currently available in the U.S.
Read more: CryptoNews
Arbitrum Foundation partnership seeks to boost Arbitrumโs presence in Japan ๐ค
The Arbitrum Foundation has partnered with the Ethereum protocol studio Fracton Ventures to launch Arbitrum Japan, an initiative aimed at boosting Arbitrum's presence in Japan.
The partnership aims to promote the growth of the Arbitrum ecosystem in the Japanese market, supporting business development by fostering collaboration between web2 and web3 companies.
Arbitrum Japan also plans to expand technical educational content via AMA sessions and hackathons, and will task university ambassadors and community managers with spearheading activities to boost consumer adoption of Arbitrum.
Read more: TheBlock
Rated Labs concluded their Seed A round after accumulating $12.89 Million ๐ต
Rated offers data on validators and node operators at a granular level, which makes it easier for users to compare and contrast their performance.
Read more: Twitter
