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Crypto Casino Stake Targeted in Reported $40M Exploit

[Sep 4, 2023 9:31 AM] The cryptocurrency gambling and sports betting website stake has been targeted by a private key exploit, with on-chain analyst Cyvers reporting that $16 million has been withdrawn on the Ethereum network.

Singapore's New President, a Former Central Bank Chairman, Has Called Crypto 'Slightly Crazy'

[Sep 4, 2023 6:25 AM] Tharman Shanmugaratnam, who has previously called crypto "purely speculative" and "slightly crazy," was officially elected as Singapore's president early Saturday morning.

Australia Senate Committee Rejects Crypto Bill From Opposition Senator Andrew Bragg

[Sep 4, 2023 6:07 AM] Bragg said the Labor government had put regulating crypto in the slow lane.

First Mover Americas: Bitcoin Hovers Below $26K; Stellar’s XLM Rallies

[Sep 4, 2023 6:01 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 4, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

Synthetix Posts 12.5% Gain Amid Binance Outflows, Bucks Bearish Bitcoin Trend

[Sep 4, 2023 4:15 AM] The native token of decentralized liquidity platform Synthetix (SNX), rose by 12.5% during European hours on Monday following significant outflows on Binance.

Crypto ETF Opportunity Doesn't Stop at Bitcoin, Extends Into Multiple Digital Assets: Bernstein

[Sep 4, 2023 4:13 AM] The industry push for an ether spot ETF will follow immediately after a bitcoin ETF approval since ETH has a similar market structure of a traded CME futures market and a spot market, the report said.

Latam Insights: Worldcoin Breaks Records in Argentina, Circle Brings USDC to Chile

[Sep 4, 2023 3:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Worldcoin reaches record verifications in Argentina, Circle partners with Mercado Pago to bring USDC to…

Larry David’s Superbowl Ad Casts Doubt on FTX.US Separation, DOJ Says

[Sep 4, 2023 3:19 AM] Sam Bankman-Fried says the FTX exchange’s bankruptcy isn’t relevant to the October fraud trial

Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan

[Sep 4, 2023 3:08 AM] For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said.

Binance's Head of Product Departs as Executive Exodus Gathers Steam

[Sep 4, 2023 2:58 AM] Mayur Kamat's departure follows those of Chief Strategy Officer Patrick Hillmann, Senior Director of Investigations Matthew Price, SVP for Compliance Steven Christie and Asia-Pacific Head Leon Foong.

Bitcoin's Use as Margin Collateral in Crypto Futures Trading Is Growing

[Sep 4, 2023 2:57 AM] Using BTC as collateral for a derivative is effectively a double whammy, according to analysts.

Samuel Trabucco’s Multi-Million Dollar Yacht Spotlighted in FTX’s Financial Records

[Sep 4, 2023 12:30 AM] The FTX debtors filed a bankruptcy court document detailing lavish cash transfers and purchases by former CEO Sam Bankman-Fried and other company insiders. The section titled “Statement of Financial Affairs for Non-Individuals Filing for…

LSE Group Plans to Offer Blockchain-Powered Market for Traditional Assets: Report

[Sep 4, 2023 12:02 AM] LSE is considering using a separate entity for the blockchain-based markets business, according to the Financial Times.

BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span

[Sep 3, 2023 2:30 PM] The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark…

France’s Data Watchdog Conducts Checks at Worldcoin Office in Paris

[Sep 3, 2023 3:30 AM] The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the…

Bitwise Retracts Bitcoin and Ether Market Cap Weight Strategy ETF Registration

[Sep 3, 2023 1:30 AM] In a recent submission to the U.S. Securities and Exchange Commission (SEC), Bitwise has decided to retract its registration for its Bitcoin and Ether Market Cap Weight Strategy exchange-traded fund (ETF). The reasoning behind this action remains…

Robinhood to Buy Back SBF’s Stake for Over $605 Million

[Sep 2, 2023 11:30 PM] Online broker Robinhood is going to buy back the stake purchased by a company of crypto exchange FTX founder Sam Bankman-Fried (SBF). The fintech intends to pay $605.7 million for the shares that were transferred to the custody of the U.S…

Top BRICS Diplomats Approached Indonesia With Proposal to Join, Foreign Minister Says

[Sep 2, 2023 4:30 AM] The foreign ministers of the BRICS states have reached out to invite Indonesia to become a member of the group, their Indonesian counterpart unveiled. The government in Jakarta is still weighing the benefits of joining the organization and is yet…

Colorado DMV Accepts Crypto Payments Through Paypal

[Sep 2, 2023 1:30 AM] The Colorado Department of Motor Vehicles (DMV) has announced it accepts cryptocurrency for its online services via the payment processor Paypal. Besides paying local taxes with coins, residents of the crypto-friendly state will be able to use…

Arkham Intelligence Reveals Grayscale’s Ethereum Holdings Across 500 Addresses

[Sep 1, 2023 5:30 PM] On September 1, Arkham Intelligence, a crypto analytics and data tracking agency, reportedly pinpointed the ethereum (ETH) holdings of Grayscale for its Ethereum Trust. Arkham reveals that Grayscale’s ether stash is spread across 500…

Worldcoin Claims Signups Soar in Argentina: 9.5K Users Verified in a Single Day

[Sep 1, 2023 4:00 PM] The number of verifications for Worldcoin, the biometric digital ID and wallet project, has soared recently in Argentina, reaching a daily signup record in August. According to data provided by the project, Worldcoin verified 9,500 Argentine users…

SEC Hasn't Met Requirements to Argue for an Appeal, Ripple Says

[Sep 1, 2023 2:48 PM] Ripple made its case to a federal judge for why the U.S. Securities and Exchange Commission shouldn't be able to appeal her ruling on its programmatic sales of XRP on Friday.

Large Bitcoin Holders Accumulate $1.5B Worth of BTC as Price Wavers

[Sep 1, 2023 2:31 PM] The accumulation by BTC whales suggests optimism among large investors, IntoTheBlock’s head of research noted.

Crypto Thefts in 2023: Nearly $1 Billion Lost to Scams and Exploits, Reports Certik

[Sep 1, 2023 2:30 PM] According to cybersecurity firm Certik, nearly $1 billion in cryptocurrency has been pilfered due to scams, rug pulls, and exploits throughout 2023. The company highlighted that the combined incidents in August alone led to a loss of $45.8 million…

Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use

[Sep 1, 2023 1:00 PM] Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption…

MakerDAO Should Use Solana’s Code to Build Its New Blockchain, Co-Founder Says

[Sep 1, 2023 12:02 PM] Some community members have already pushed back against the idea.

Traders Are Paying 2,000% to Buy CYBER as Social Network's Tokens Soar

[Sep 1, 2023 8:38 AM] The price of the tokens has more than doubled on some exchanges in the past week in an otherwise little-changed market.

Robinhood to Buy Back Sam Bankman-Fried's Stake for $605.7M

[Sep 1, 2023 7:42 AM] The 55 million HOOD shares owned by Bankman-Fried and fellow FTX co-founder Gary Wang through Emergent Fidelity Technologies.

First Mover Americas: SEC Delays Spot Bitcoin ETF Decision for All Applicants

[Sep 1, 2023 6:38 AM] The latest price moves in bitcoin (BTC) and crypto markets in context for Sept 1, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.

U.S. August Job Adds of 187K Vs Estimates for 170K; Unemployment Rate Rises to 3.8%

[Sep 1, 2023 6:36 AM] With spot bitcoin ETF aspirations sidelined after the SEC yesterday pushed off decisions on a raft of new applications, crypto bulls are hoping an employment slowdown and lower interest rates could provide a positive catalyst.