🔱 Cosmos Hub Founder Didn't Like the Vote
In today’s edition: 🚫 Inferno Drainer closing down, 💵 USDC push in Japan, ⚖️ CZ's DOJ flight risk status, and more!
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What’s Poppin’?
by Juan Aranovich and Samyuktha Sriram
Cosmos Hub Founder Proposes AtomOne Fork in Response to Inflation Rate Cut
Following the approval of an inflation reduction proposal, Cosmos Hub’s founder Jae Kwon suggests forking the network to create AtomOne, stirring discussions and expectations among ATOM stakeholders.
Inferno Drainer to Shut Down After Helping Scammers Steal $70 Million
The crypto scam vendor Inferno Drainer plans to shut down after helping scammers drain more than $70 million worth of crypto from over 103,000 victims.
Circle Partners With SBI Holdings to Boost USDC Circulation in Japan
Circle and SBI Holdings have established a banking partnership that would boost the circulation of USDC in Japan.
Tiffany Fong has had an unusual route to crypto fame. After losing most of her life savings in the Celsius bankruptcy, she began posting on YouTube about her experiences and eventually received some leaked documents, which she shared with The New York Times and on her channel. The leaks gave her some visibility, and that’s when Sam Bankman-Fried began following her on Twitter.
Fong unexpectedly managed to carve out a relationship with the one-time crypto mogul, and after he was arrested last November, she chatted often and even met with him while he was under house arrest. From there, she became known for posting details of her conversations with Bankman-Fried and documents he shared with her, and went on to attend every day of his trial in person and do videos on them.
On this episode of Unchained, Fong shares why she thinks SBF opened up to her, whether she ever had a romantic relationship with him, her unpleasant encounter with Sam Bankman-Fried’s mother at the trial, why she doesn’t really consider herself a crypto influencer, and what her plans are now that the trial is over.
Daily Bits…✍️✍️✍️
⚖️ The U.S. DOJ considers Binance's former CEO, Changpeng 'CZ' Zhao, a manageable flight risk, requesting he remain in the U.S. until sentencing.
💥 Ethereum Layer-2 network Blast, created by the founder of NFT marketplace Blur, has drawn over $535 million in user funds but faces criticism for its launch tactics. 📢 Paradigm, an early investor in Blast, expressed concerns about the launch's messaging and execution, disagreeing with specific strategies like delaying withdrawals.
💵 ARK Invest sold $5 million worth of Grayscale Bitcoin Trust shares last week, as optimism grows for the approval of a spot bitcoin ETF in the U.S.
📚 Tether and Bitfinex agreed to drop opposition to a New York Freedom of Information Law request, though not all documents will be released.
🚨 A Bitcoin user claimed to be the victim of a hack leading to a record $3.1 million transaction fee, suspecting a script with a faulty fee calculation.
🔁 KyberSwap successfully recovered $4.67 million of the $47 million lost in a recent hack, following negotiations with front-running bot operators.
🔑 Indexed DAO defeated two hijacking attempts targeting its treasury and plans to redistribute remaining funds to victims of its 2021 hack.
🚓 Hong Kong police launched investigations into Hounax, a crypto trading platform, after reports of a $15.4 million scam.
📝 The SEC is facing difficulties in serving a lawsuit to Hex and PulseChain founder Richard Heart, residing in Finland, leading to a postponed court appearance.
🪙 Decentralized exchange dYdX is set to unlock 150 million tokens, 30% of its supply, valued at $500 million, in early December.
Today in Crypto Adoption...
💼 Hong Kong's Victory Securities obtained a retail crypto trading license, joining other licensed crypto firms in offering services to retail clients.
What Do You Meme?
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📈 Your Market Update 📉
BTC is down 1.5%, trading at $37,089
ETH is down 2.6%, trading at $2,028
BTC dominance: 49.41%
Crypto market cap: $1.47T
*All data as of today, 07:10 am ET
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