🚀 DeltaPrime Hackers Transfer Stolen Funds to Ethereum via Tornado Cash
#DeltaPrime #hackers #Ethereum #TornadoCash #CyversAlerts #DeFi #Arbitrum #Avalanche #suspicioustransactions #financialloss
According to Foresight News, Cyvers Alerts has detected that hackers targeting the DeltaPrime DeFi margin protocol on the Arbitrum and Avalanche chains have transferred all stolen funds to Ethereum and deposited them into Tornado Cash.
Previously, Foresight News reported that Cyvers Alerts had identified multiple suspicious transactions related to the DeltaPrime protocol on the Arbitrum and Avalanche chains. The affected pools include DPUSDC, DPARB, and DPBTCb. The suspicious addresses converted USDC to ETH, resulting in a total loss of approximately $4.5 million.#DeltaPrime #hackers #Ethereum #TornadoCash #CyversAlerts #DeFi #Arbitrum #Avalanche #suspicioustransactions #financialloss
🚀 Market Sentiment Improves Amid Optimism Over Federal Reserve Rate Cuts
#MarketSentiment #FederalReserve #RateCuts #EconomicOutlook #GlobalFundManagerSurvey #BankOfAmerica #SoftLanding
According to PANews, a recent global fund manager survey conducted by Bank of America in September indicates an improvement in market sentiment for the first time since June. This shift is attributed to optimistic expectations that a potential rate cut by the Federal Reserve could lead to a soft landing for the economy.#MarketSentiment #FederalReserve #RateCuts #EconomicOutlook #GlobalFundManagerSurvey #BankOfAmerica #SoftLanding
🚀 Fireblocks And Chainlink Labs Announce Strategic Partnership For Stablecoin Solutions
#Fireblocks #Chainlink #Stablecoin #Partnership #DigitalAssets #FinancialInstitutions #TokenizedCurrencies #Blockchain #CrossChain #Compliance #MarketInnovation #AssetReserves #SecurePayments #InstitutionalTrading #LINK
According to Odaily, Fireblocks and Chainlink Labs have announced a strategic partnership aimed at providing secure and compliant technological solutions for banks and financial institutions to issue and trade stablecoins in global financial markets. This collaboration will enable issuing institutions to have comprehensive and real-time cross-chain visibility of stablecoins, reserves, market value, and total supply.
Angie Walker, Head of Global Banking and Capital Markets at Chainlink Labs, stated that the combination of Chainlink and Fireblocks offers a robust set of technical services that could accelerate the market growth of various tokenized currencies, including stablecoins. Walker emphasized that this partnership is expected to provide stablecoin users with real-time visibility into asset reserves and enhance the utility of stablecoins as secure payment tools and institutional trading instruments in the digital asset market. The goal is to empower stablecoin issuers by providing secure, intelligent, and scalable solutions that meet the high standards of institutional and retail clients.
Stephen Richardson, Managing Director of Financial Markets at Fireblocks, highlighted that as regulatory frameworks around tokenized currencies continue to evolve, the potential for institutional use of regulated stablecoins is expanding. Richardson noted that stablecoins are driving financial market innovation, and issuers require a comprehensive solution that covers everything from reserves to issuance, distribution, custody, and compliance, while also offering full visibility and cross-chain capabilities. By partnering with Chainlink, Fireblocks aims to uniquely position itself to meet the critical market demands for the scaled adoption of stablecoins.
Fireblocks is an enterprise platform dedicated to managing digital asset operations and building innovative businesses on the blockchain. Chainlink Labs is the primary contributing developer to Chainlink, a core infrastructure for the tokenized asset economy.#Fireblocks #Chainlink #Stablecoin #Partnership #DigitalAssets #FinancialInstitutions #TokenizedCurrencies #Blockchain #CrossChain #Compliance #MarketInnovation #AssetReserves #SecurePayments #InstitutionalTrading #LINK
🚀 Opportunities And Challenges In Building Decentralized Social Networks
#DecentralizedSocialNetworks #CommunityBuilding #StakeholderEngagement #UserDiversity #DataOwnership #FarcasterEcosystem #ContentQuality #DeveloperOpportunities
According to BlockBeats, on September 17, a16z Crypto partner Jane Lippencott spoke at FarCon Asia, the first major offline event for the Farcaster ecosystem in Asia. During the roundtable discussion on 'Building Decentralized Social Networks - Opportunities and Challenges,' Lippencott emphasized the importance of a cohesive community for early-stage projects to gain initial traction. She highlighted that the quality of community content is crucial, and projects with clear, high-quality stakeholder connections tend to have stronger attachment and higher usage rates.
Lippencott also stressed the significance of user diversity, drawing parallels to Twitter's achievements in this area. She noted that while users may not necessarily care about owning their data, they can benefit significantly if their data is owned by a network and accessible through various client experiences. She believes that the ability for any developer to build experiences on the network is more important. Lippencott praised the Farcaster ecosystem for its performance in this regard.#DecentralizedSocialNetworks #CommunityBuilding #StakeholderEngagement #UserDiversity #DataOwnership #FarcasterEcosystem #ContentQuality #DeveloperOpportunities
🚀 Smart Money Trader Achieves 100% Success Rate in ETH Transactions
#SmartMoney #Trader #SuccessRate #ETH #Ethereum #BlockBeats #Lookonchain #Profit #MarketTiming
According to BlockBeats, a Smart Money trader has demonstrated remarkable success in Ethereum (ETH) trading. Monitored by Lookonchain, the trader executed six transactions since September 2, achieving a 100% success rate.
Within a span of just 15 days, the trader managed to convert 4,821 ETH into 5,690 ETH, resulting in a profit of 869 ETH, equivalent to $2 million. This impressive performance highlights the trader's strategic acumen and effective market timing.#SmartMoney #Trader #SuccessRate #ETH #Ethereum #BlockBeats #Lookonchain #Profit #MarketTiming
🚀 Bitcoin's September Performance May Exceed Expectations Amid Market Trends
#Bitcoin #MarketTrends #SeptemberPerformance #ETFs #InterestRateCut #StockMarket #InvestorOpportunities #OctoberGrowth #BTC
According to Odaily, Matrixport has released a new chart indicating that the flow of funds into U.S. Bitcoin spot ETFs has slowed as expected, given that September is typically a weak period. However, the recent upward trend in Bitcoin suggests that its performance this month may surpass expectations. The potential for a U.S. interest rate cut and a strong stock market are contributing factors that could drive Bitcoin's performance beyond anticipated levels. Historically, October has been a strong month for Bitcoin, and investors might take advantage of September's pullback to position themselves for potential opportunities in the fourth quarter.#Bitcoin #MarketTrends #SeptemberPerformance #ETFs #InterestRateCut #StockMarket #InvestorOpportunities #OctoberGrowth #BTC
🚀 FOMC Meeting Unlikely To See Significant Rate Cut, Says Expert
#FOMC #interestrate #ratecut #economy #inflation #unemployment #StandardChartered #SteveEnglander
According to Odaily, Steve Englander, Head of Global G10 FX Research and North American Macro Strategy at Standard Chartered Bank's New York branch, has stated that recent U.S. economic data does not provide a compelling reason for the Federal Open Market Committee (FOMC) to cut interest rates by 50 basis points at its upcoming meeting. Englander emphasized that a 50 basis point rate cut, if proven to be a policy mistake, could be more detrimental than a 25 basis point cut under similar circumstances. The rationale for a 25 basis point reduction is that forthcoming inflation data does not support a rapid approach to the 2% inflation target. Additionally, the recent rise in unemployment rates indicates a concerning deterioration in the economy.#FOMC #interestrate #ratecut #economy #inflation #unemployment #StandardChartered #SteveEnglander
🚀 ECB Official Sees Low Probability Of Rate Cut In October
#ECB #interestrate #ratecut #economy #October
According to PANews, European Central Bank (ECB) Governing Council member Simkus has indicated that the likelihood of an interest rate cut in October is very low. Simkus noted that there will not be much new data available in October and that the economy is progressing as forecasted.#ECB #interestrate #ratecut #economy #October
🚀 USDC To Launch On Sui Network
#USDC #SuiNetwork #stablecoin #blockchain #CCTP #Web3 #cryptocurrency #digitalcurrency #interoperability #Circle #MystenLabs #MoveProgramming #SuiEcosystem #SUI
According to Cointelegraph, USD Coin (USDC), the second-largest stablecoin by market capitalization, is set to be integrated into the layer-1 (L1) blockchain Sui network. This announcement was made by Jeremy Allaire, the co-founder and CEO of Circle, the issuer of USDC. Allaire shared the news on X on September 17, reposting an announcement from Sui network ambassador Stravia.sui111.sui.
As part of this integration, USDC will be natively supported on Sui through the Cross-Chain Transfer Protocol (CCTP). CCTP is a permissionless on-chain utility that facilitates USDC transfers between blockchain networks via native burning and minting. Launched in 2023, Sui is an L1 blockchain and smart contract platform designed to simplify and enhance the creation of applications and functions within the Web3 ecosystem. It utilizes the Move programming language and supports parallel transaction execution.
The integration of native USDC and CCTP is anticipated to enhance Sui’s usability, security, and interoperability for both users and developers. This sentiment was echoed in an announcement shared by the Sui Foundation. Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, the developer of the Sui network, stated that the availability of USDC as a native asset on Sui marks a significant milestone in the maturation of the Sui ecosystem. He emphasized that the combination of USDC’s technology with Sui’s capabilities provides the Sui community with seamless access to one of the world’s most trusted digital currencies, thereby solidifying Sui’s position as an industry leader.
Cointelegraph reached out to Circle for comments regarding the USDC launch on Sui but did not receive a response at the time of publication. This is a developing story, and further information will be provided as it becomes available.#USDC #SuiNetwork #stablecoin #blockchain #CCTP #Web3 #cryptocurrency #digitalcurrency #interoperability #Circle #MystenLabs #MoveProgramming #SuiEcosystem #SUI
🚀 🔥 Bhutan Holds Twice as Much Bitcoin as El Salvador, Reports Arkham 🔥
#Bhutan #Bitcoin #ElSalvador #CryptoInvestment #Blockchain #Mining #DigitalAssets #RenewableEnergy #Ether #BNB #Polygon #CarbonNeutral #GDP #Bitdeer #Hydroelectric #Geothermal #BTC
According to Cointelegraph: Bhutan, through its investment arm Druk Holdings (DHI), has accumulated more than 13,000 Bitcoin (BTC), surpassing El Salvador's Bitcoin stash, according to onchain analytics platform Arkham Intelligence. On Sept. 16, Arkham revealed that Bhutan holds 13,029 BTC, valued at approximately $758 million. This is more than double the 5,875 BTC held by El Salvador.The data points to Bitcoin mining operations conducted by DHI, which also holds 656 Ether (ETH) and small amounts of BNB and Polygon. Arkham confirmed the mining activity by cross-referencing onchain data with satellite images of the mining facility construction at the site of the now-defunct Education City project.Bhutan’s Bitcoin holdings, which represent about a quarter of the country's projected $3 billion GDP for 2024, date back to April 2019, when BTC was priced around $5,000. In May 2023, DHI partnered with Bitdeer to develop carbon-neutral mining operations in the country, and in 2024, they announced plans to increase Bhutan’s mining capacity to 600 megawatts by mid-2025.In contrast, El Salvador began purchasing Bitcoin in September 2021 when prices were significantly higher, around $51,700. While the Central American nation holds 5,875 BTC valued at $331 million, its average acquisition cost of $43,900 results in an aggregate profit of 32.6%.Both Bhutan and El Salvador leverage renewable energy for their Bitcoin mining activities—Bhutan through hydroelectric power and El Salvador via geothermal volcanic energy. #Bhutan #Bitcoin #ElSalvador #CryptoInvestment #Blockchain #Mining #DigitalAssets #RenewableEnergy #Ether #BNB #Polygon #CarbonNeutral #GDP #Bitdeer #Hydroelectric #Geothermal #BTC
🚀 DBS Bank To Launch OTC Crypto Options And Structured Notes In 2024
#DBSBank #CryptoOptions #StructuredNotes #OTCCrypto #Bitcoin #Ethereum #InstitutionalClients #Cryptocurrency #FinancialProducts #2024
According to PANews, DBS Bank is set to introduce over-the-counter (OTC) crypto options trading and structured notes for institutional clients. The bank will continue to offer financial products linked to Bitcoin and Ethereum. While DBS Bank has not disclosed a specific date, it has indicated that the issuance of these cryptocurrency products will commence sometime in the fourth quarter of 2024.#DBSBank #CryptoOptions #StructuredNotes #OTCCrypto #Bitcoin #Ethereum #InstitutionalClients #Cryptocurrency #FinancialProducts #2024
🚀 Yawn Rong Discusses Token Incentives And AI Challenges At FarCon Asia
#YawnRong #FarConAsia #TokenIncentives #AIChallenges #FarcasterEcosystem #Web3 #SocialInteraction #Innovation #Profitability #GMT
According to BlockBeats, on September 17, STEPN co-founder Yawn Rong spoke at FarCon Asia, the first large-scale Farcaster ecosystem offline event in Asia. During the roundtable discussion on 'Strategies and Inspirations for Online Social Interaction,' Rong emphasized the pitfalls of projects that gain popularity solely due to token incentives. He argued that such projects often end up worthless. Rong suggested that it is crucial to understand why users would want to own something on-chain beyond token incentives. He noted that if users are not willing to spend money on a product, it indicates that the product has not met their standards. Based on his analysis over the past three years, Rong believes that achieving strong growth is essential. Sustaining operations over time will lead to acquiring key users, whose spending will subsequently increase.
Rong also addressed the challenges faced by most artificial intelligence companies in figuring out how to handle their products and achieve profitability. He expressed skepticism about the ability of blockchain or cryptocurrency to solve these issues. While he is not pessimistic about AI, Rong pointed out that it is still in its early stages, and companies are primarily burning through investors' money. He believes that in the next 10 to 20 years, AI could become dominant, but it is crucial to understand how the technology will develop, particularly in terms of monetization and growth.
FarCon Asia, the first large-scale Farcaster ecosystem offline event in Asia, was co-hosted by Tako Protocol, BlockBeats, and Jam. The conference aimed to explore and showcase the innovative achievements of the Farcaster ecosystem and the future prospects of Web3 social interaction. It sought to break the stereotype of traditional financial crypto conferences being one-way outputs. The event was expected to attract over 500 attendees, including Farcaster ecosystem builders, active users in the Asian Farcaster ecosystem, venture capitalists, renowned investors, and senior researchers.#YawnRong #FarConAsia #TokenIncentives #AIChallenges #FarcasterEcosystem #Web3 #SocialInteraction #Innovation #Profitability #GMT
🚀 MagicMoca NFT Launchpad Announced By Mocaverse And Magic Eden
#MagicMoca #NFTLaunchpad #Mocaverse #MagicEden #MOCA #GamingNFT #IPNFT #Crypto #Blockchain
According to BlockBeats, on September 17, Mocaverse and Magic Eden announced the launch of MagicMoca NFT Launchpad, a platform specifically designed for the Mocaverse community to facilitate the release of gaming and IP NFT projects.
MagicMoca will utilize MOCA Coin as the primary currency for its sales activities, and Magic Eden will accept MOCA Coin as one of the preferred currencies for market transactions. Additionally, Magic Eden will fully integrate Mocaverse products, enabling Moca ID users to participate in NFT releases and build their on-chain reputation through NFTs.#MagicMoca #NFTLaunchpad #Mocaverse #MagicEden #MOCA #GamingNFT #IPNFT #Crypto #Blockchain
🚀 BNB Surpasses 540 USDT with a Narrowed 1.87% Decrease in 24 Hours
#BNB #USDT #Binance #cryptocurrency #trading #marketdata
On Sep 17, 2024, 09:11 AM(UTC). According to Binance Market Data, BNB has crossed the 540 USDT benchmark and is now trading at 540 USDT, with a narrowed narrowed 1.87% decrease in 24 hours.#BNB #USDT #Binance #cryptocurrency #trading #marketdata
🚀 Whale Converts 2364 ETH to USDT in 35 Hours
#whale #ETH #USDT #crypto #trading #SpotOnChain #WETH #Ethereum
According to Odaily, monitoring data from Spot On Chain reveals that over the past 35 hours, a significant whale has converted 2,364 ETH into 5.44 million USDT. The average price for these transactions was $2,302 per ETH, and the process involved 27 smaller trades, each consisting of 87.56 ETH. Currently, the whale still holds 14,272 WETH, valued at approximately $33 million.#whale #ETH #USDT #crypto #trading #SpotOnChain #WETH #Ethereum
🚀 DWF Labs Partner Discusses Meme Coins And NFTs At FarCon Asia
#DWF Labs #MemeCoins #NFTs #FarConAsia #AndreiGrachev #Crypto #TokenIssuance #CommunitySupport #CulturalConnection #TradingPlatforms #Creativity #MEME
According to BlockBeats, on September 17, DWF Labs Managing Partner Andrei Grachev spoke at FarCon Asia, the first large-scale Farcaster ecosystem offline event in Asia. During the roundtable discussion titled 'Meme and NFT Dreams,' Grachev shared his insights on the potential and dynamics of meme coins and NFTs.
Grachev highlighted that projects which appear promising and well-structured have a high likelihood, approximately 95%, of launching new tokens. He noted that while traditional projects require investors to wait several months or even years for token issuance, meme coins provide almost immediate feedback. He emphasized that meme coins are deeply embedded in cultural structures relevant to people, and understanding this cultural connection is crucial for success.
Grachev also stressed the importance of support behind projects and the strategic use of available resources to ensure success. He believes that meme coins exemplify the need for a strong community, active traders, liquidity injection, and connections with trading platforms. Creativity in developing appealing concepts is also essential. Grachev's insights underscore the multifaceted approach required to thrive in the meme coin and NFT space.#DWF Labs #MemeCoins #NFTs #FarConAsia #AndreiGrachev #Crypto #TokenIssuance #CommunitySupport #CulturalConnection #TradingPlatforms #Creativity #MEME
🚀 Yuga Labs Executive Discusses NFT Rebranding at FarCon Asia
#YugaLabs #NFT #Rebranding #DigitalIdentity #DigitalOwnership #FarConAsia #Community #Partnerships #MadeByApes #IntellectualProperty #BAYC #MAYC #Blockchain
According to BlockBeats, on September 17, Tina, the Head of Community and Partnerships at Yuga Labs, spoke at FarCon Asia, the first large-scale Farcaster ecosystem offline event in Asia. During the roundtable discussion titled 'Meme and NFT Dreams,' she shared her views on the current state and future of NFTs.
Tina expressed that the term 'NFT' is outdated and that NFT projects need rebranding. She noted that various projects are attempting different rebranding strategies, but digital identity and digital ownership will persist. She elaborated on Yuga Labs' approach and how people are engaging with NFT purchases. Tina highlighted that if someone is an Ape creator, they might want to leverage their Ape intellectual property (IP) for business purposes. To support this, Yuga Labs launched a project called 'Made by Apes.' She emphasized that NFTs are just beginning their journey and that reviewing roadmaps can be challenging. She advised focusing on the team behind the project, their capabilities, and how investments are reinvested into the community.
BlockBeats noted that 'Made by Apes' is an IP tool launched by Yuga Labs. Members can apply for a unique on-chain license to register businesses or products, such as clothing, food, games, and music. The platform also helps verify and distinguish genuine products produced by BAYC and MAYC holders.#YugaLabs #NFT #Rebranding #DigitalIdentity #DigitalOwnership #FarConAsia #Community #Partnerships #MadeByApes #IntellectualProperty #BAYC #MAYC #Blockchain
🚀 Bitcoin(BTC) Surpasses 59,000 USDT with a 0.64% Increase in 24 Hours
#Bitcoin #BTC #USDT #Cryptocurrency #MarketData #PriceIncrease
On Sep 17, 2024, 09:54 AM(UTC). According to Binance Market Data, Bitcoin has crossed the 59,000 USDT benchmark and is now trading at 59,002 USDT, with a narrowed 0.64% increase in 24 hours.#Bitcoin #BTC #USDT #Cryptocurrency #MarketData #PriceIncrease
🚀 DeFi Technologies Submits SEC Filing for Nasdaq Listing
#DeFiTechnologies #SEC #NasdaqListing #Cryptocurrency #ETF #Valour #CboeCanada #RegulatoryCompliance #MarketExpansion
According to Odaily, DeFi Technologies has announced the submission of a 40-F registration statement to the U.S. Securities and Exchange Commission (SEC) as part of its preparations to list on the Nasdaq Stock Market. The company clarified that the listing of its common shares on Nasdaq is contingent upon receiving approval from Nasdaq and meeting all applicable listing and regulatory requirements, including the SEC declaring the 40-F form effective. The company's shares will continue to be listed on the Cboe Canada under the ticker symbol DEFI and traded on the over-the-counter market under the symbol DEFTF.
DeFi Technologies serves as the parent company to several cryptocurrency-focused subsidiaries, notably including the exchange-traded fund (ETF) operator Valour. This move to list on Nasdaq represents a significant step for the company, which aims to expand its presence and accessibility in the U.S. market. The announcement underscores the company's commitment to adhering to regulatory standards and enhancing its market position through strategic listings.#DeFiTechnologies #SEC #NasdaqListing #Cryptocurrency #ETF #Valour #CboeCanada #RegulatoryCompliance #MarketExpansion
🚀 Fed Rate Cut Decision Sparks Debate Amid Political Tensions
#FedRateCut #InterestRates #PoliticalTensions #USEconomy #CurrencyVolatility #FederalReserve #EconomicPolicy #Election2024
According to BlockBeats, with only two days remaining until the Federal Reserve's anticipated rate cut announcement on September 17, the U.S. interest rate market is divided on whether the cut will be 25 basis points or 50 basis points. Bloomberg data indicates that this is the most significant uncertainty among interest rate swap traders regarding any scheduled Fed meeting decision since the emergency rate cut in March 2020 during the pandemic, and before that, since 2007.
Former New York Fed President and Bloomberg Opinion columnist William Dudley reiterated his support for a 50 basis point cut on Monday. This shift by the Fed comes amid increasing political tensions in the United States, with less than two months remaining until the presidential election. Three Democratic senators have urged the Fed to aggressively lower the benchmark rate, including a 75 basis point cut this week, to shield the U.S. economy from potential harm.
Joe Tuckey, Head of FX Analysis at Argentex, a London-based currency risk management and payment solutions provider, stated that a more substantial rate cut by the Fed this week could likely push the dollar to new lows, while a smaller 25 basis point cut might significantly reduce currency volatility.#FedRateCut #InterestRates #PoliticalTensions #USEconomy #CurrencyVolatility #FederalReserve #EconomicPolicy #Election2024
🚀 Convex Finance Proposes Significant Reduction in PYUSD Holdings
#ConvexFinance #PYUSD #Frax #Curve #Proposal #Finance #Crypto #Diversification
According to Odaily, Convex Finance has initiated a proposal to significantly reduce its PYUSD holdings. The proposal highlights that Frax currently holds a substantial amount of PYUSD, which generates minimal interest. To diversify and move away from low-interest assets, it is suggested that the PYUSD in Curve FRAX/PYUSD be reduced from over $2 million to a maximum of $500,000. The proposal currently faces a 99.51% opposition rate and is set to conclude on September 20.#ConvexFinance #PYUSD #Frax #Curve #Proposal #Finance #Crypto #Diversification