At night, GALA was hacked on the BSC network and $1 billion worth of tokens were issued, followed by a sale on PancakeSwap. The smartest ones bought out GALA with a drawdown on DEX and resold it through CEX, Huobi was the best. 🤦♂️
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Binance founder and CEO Changpeng Zhao is looking into potentially buying banks as a way of bridging the gap between the worlds of traditional finance and crypto, according to an interview Zhao did with Bloomberg at the Web Summit conference in Lisbon.
🇮🇳 Web3 to inject $1.1T in India’s GDP by 2032, following 37x growth since 2020
The US-India Strategic Partnership Forum (USISPF) estimated that “Web3 can add $1.1 trillion of new economic value to the Indian GDP in the next 10 years.”
📊 Decentraland Metaverse is valued at over $1 billion, yet had a total of only 20 users within the last 24 hours.
The crypto mania bubble is nowhere close to bottoming out. The markets are still insanely irrational.
The official Twitter of the @BNBCHAIN first announced the temporary pause due to “irregular activity” on the blockchain, but soon after added that it was due to an exploit. Binance added that the blockchain was “under maintenance” suspending all deposits and withdrawals.
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A later update (reddit.com/r/bnbchainofficia…)
by a BNB Chain developer on Reddit confirmed the exploit had taken place, stating that the initial estimates for the value of the exploit are between $100 million and $110 million, with roughly $7 million frozen.
🚨 Over half a BILLION dollars worth of $BNB was recently hacked.
The hacker is now trying to spread the funds to every network to launder the funds.
✅Bank for International Settlements: Banks invest in BTC, ETH, Polkadot, XRP and Cardano.
📌Binance conducted the first burning of LUNA Classic, destroying 5.5 billion coins.
The share of US Treasury securities in Tether reserves rose from 43.5% in June to 58.1%.
The SEC charged Kim Kardashian with illegal promotion of the EthereumMax crypto project. The star was fined $1.26 million.
▪️Financial Times: Before filing for bankruptcy, Celsius CEO Alex Mashinsky withdrew $10 million from the platform.
Binance burns trading fee that it received against $LUNC trading.A total of 5.5B $LUNC or $1.86M is burnt.
finder.terra.money/classic/t…
Miners, meanwhile, continue to put significant pressure on the BTC price with massive sales (Glassnode)
Owners of 50 percent of bitcoins in circulation, that is, every second coin, keep their cryptocurrency in the red. This is the lowest rate of return for BTC holders in the last two years.
🚨 Interpol has issued a red notice for #DoKwon, requesting law enforcement agencies worldwide to locate and arrest the Terraform Labs founder whose blockchain startup collapsed earlier this year and wiped out investors’ $40 billion.
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Just in!
🧬 Circle Enables USDC Interoperability for Developers with the Launch of Cross-Chain Transfer Protocol.
(circle.com/en/pressroom/circ…)
Just in!
👁 Research: Satoshi Nakamoto thought of calling #bitcoin a netcoin.
▪️Vitalik Buterin expects Dogecoin and Zcash blockchains to switch to the PoS algorithm over time.
🚨 Just in!
Interpol has issued a red notice for Do Kwon, requesting law enforcement agencies worldwide to locate and arrest the Terraform Labs founder whose blockchain startup collapsed earlier this year and wiped out investors’ $40 billion.
