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Guess what day it is Folks? HUMPDAY! Yesterday, we found out how Vitalik's X account got compromised. Today we have a few news stories that have gain significant traction: TON jumps as Telegram integrates the wallet, Binance.US slashes jobs including the CEO, and North Korean Hackers did Hack CoinEx. The price of Bitcoin is currently trading at $26,175.18, if this bounce continues we might see $30K by Friday. Let's dive into the news...
SUMMARY
The digital asset market is witnessing a significant liquidity crunch, with both on-chain and off-chain volumes plummeting to historical lows and Crypto market shows signs of stability ahead of U.S. CPI. However, Crypto traders brace for high volatility.
Bitcoin stable above $26K and reacts 3.7% as US CPI numbers for August higher than expected. Coinbase CEO Brian Armstrong said bitcoin is the “most important asset in crypto” while confirming the crypto exchange’s decision to integrate the Lightning Network. Ricardo Salinas Pliego, who has recently shared that he only had investments in Bitcoin
BNB chain’s layer 2 network opBNB goes live.
PayPal PYUSD stablecoin is 100% backed. Jeremy Allaire, the CEO of Circle, believes that the United States is on the verge of implementing legislation that will regulate stablecoins, providing much-needed clarity for the cryptocurrency industry.
Binance.US president and CEO, Brian Shroder, exits the company amid uncertainty and declining business. Binance will delist a lot of Cryptocurrencies on September 15th. Binance.US has lost two more high-level executives, not long after the crypto exchange lost CEO Brian Shroder amid intensifying regulatory scrutiny. Crypto exchange Huobi rebrands to HTX for tenth anniversary. Telegram has integrated The Open Network-based crypto wallet “TON Space.”
Lesson: What is a Mimblewimble blockchain?
SEC's Gensler slams crypto again, says troubles can spill into broader economy.
Karl Greenwood, one of the founders of the OneCoin pyramid scheme, was sentenced to 20 years in prison for his role in the project by a federal court in the Southern District of New York. Stoner Cats agrees to pay $1M fine to settle SEC charges. Judge approves order allowing FTX to start selling crypto.
North Korea’s Lazarus Group was likely behind the $55 million hack of crypto exchange CoinEx, according to on-chain data sourced by crypto sleuth ZachXBT. A crypto security firm says that a phisher who stole $24.2 million worth of staked Ethereum (ETH) is actively moving their stolen assets onto the crypto mixer Tornado Cash.
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WEEDS
Crypto Market
- Analysis (TB)
- CPI (CoinDesk | BIC | BIC)
Bitcoin
- Price (CryptoPotato | Cointelegraph)
- Coinbase (TB | Cointelegraph | CoinDesk | UToday)
- Adoption (Finbold)
Altcoins
- BNB (CoinDesk | TB | Cointelegraph)
CBDCs/Stablecoins
- Anti-CBDC Bill (BIC | Cointelegraph | Blockworks | TDH)
- PYUSD (Cointelegraph | UToday)
- Regulation (Cryptoglobe | TDH)
Exchanges/Wallets
- Binance.US (TB | CoinDesk | Cointelegraph | BIC | Blockworks | TB | CoinDesk | Decrypt)
- Binance (CryptoPotato)
- Huobi (TB | Cointelegraph)
- TON (TB | CoinDesk | CryptoPotato | Decrypt | Cointelegraph | Finbold)
Regulation
- SEC (TB)
Legal Cases
- OneCoin (CoinDesk | BIC | CryptoPotato)
- StonerCats (Blockworks | Cryptoglobe | Decrypt)
- FTX (TB | Cointelegraph)
Attacks/Hacks/Scams
- CoinEx (TB | UToday | CoinDesk | Cointelegraph | UToday | UToday | NewsBTC | CryptoPotato)
- Phisher (TDH)
