The legal team defending Ripple Labs against a case filed by the United States Securities and Exchange Commission has requested to stay the monetary portion of an Aug. 7 judgment requiring the firm to pay $125 million.
In a Sept. 4 filing in the US District Court for the Southern District of New York, Ripple’s lawyers said the SEC had agreed to a request to delay payment of the judgment after Sept. 6. The legal team proposed that Ripple place 111% of the judgment amount — roughly $139 million — into a bank account until 30 days “after the time to appeal expires or the resolution of any appeal.”
https://cointelegraph.com/news/ripple-sec-stay-court-judgment-appeal
Grass has introduced its checker: https://www.grassfoundation.io/eligibility
Total supply will be 1 billion GRASS tokens, with 10% set aside for the first airdrop.
https://x.com/getgrass_io/status/1831380995058073649
The crypto market is recovering
BTC Dominance - 55.80%
Market Cap - $2.04T
BTC - $57,393.02 (+1.06%)
ETH - $2,431.45 (+2.23%)
BNB - $506.9 (-1.15%)
SOL - $132.26 (+3.52%)
XRP - $0.555 (+0.31%)
TON - $4.6 (-3.6%)
ZRO - $3.21 (-2.11%)
https://dropstab.com
The Sui blockchain is innovating with alternative methods, such as radio waves, to enable offline crypto transactions for unbanked communities, even those without internet access.
https://cointelegraph.com/news/sui-blockchain-offline-crypto-transactions-radio-waves
Crypto Market Capitalization Dropped Below $2 Trillion
The Market Cap is now $2T
https://dropstab.com/
Polygon developers have migrated the MATIC token to POL
POL is now the new ticker symbol for the native gas and staking token on the Polygon PoS chain.
https://www.theblock.co/post/314595/polygon-developers-transition-matic-token-to-pol
Spot ETF Flow on 3.09: BTC-ETF -$287.78M, ETH-ETF -$47.4M
https://sosovalue.com/assets/etf/us-btc-spot
Top 300 losers in 24h: CDT -12%, ZRO -11%, SAGA -10%, PENDLE -10%
https://dropstab.com/insights/top-performance
In the past 24 hours, long positions worth ~$170 million were liquidated.
https://www.coinglass.com/LiquidationData
Eric Balchunas: “Ether ETFs Went Backward in First Month.. flows -$476m as the newbies couldn't overcome the ETHE unlock, too powerful a force (this is why I reiterated how heroic the New Nine bitcoin ones were) but good news is unlock will end, there's light at end of tunnel.”
https://x.com/EricBalchunas/status/1831019335613124890
Matter Labs, the company behind ZKsync, will lay off 16% of its workforce, or 24 employees.
https://blockworks.co/news/matter-labs-layoffs-incoming
Bybit will list Hamster Kombat (HMSTR) on September 26
https://x.com/Bybit_Official/status/1830938797824954669
💧 Top Blockchains by Revenue in August
👉 https://dropstab.com/categories/blockchain
SEC commissioner Mark T. Uyeda said that he sees a need for the regulatory agency to create “customized” S-1 registration forms for digital asset securities.
https://www.theblock.co/post/314246/sec-should-customize-forms-mark-uyeda
Tomo has introduced Tomo Wallet
Tomo Wallet is an all-in-one social wallet designed to bring the mass adoption of crypto.
https://x.com/tomo_wallet/status/1830621687672639528
EigenLayer has announced the EIGEN Season 2 Stakedrop
1. Stakers & Operators: If you staked ETH or EIGEN during Season 2, you’re eligible. Direct stakers claim via the portal once live. LRT users, please check with your respective LRT protocols for your Season 2 Stakedrop rewards and claims process.
2. Ecosystem Partners: Includes eligible AVSs, LRTs, Rollups, RaaS, and other key contributors to the EigenLayer ecosystem.
3. Community: To early advocates, contributors, and projects that have supported EigenLayer since its inception – you’re eligible too.
https://x.com/eigenlayer/status/1831376290357690647
Dimensionals, a roguelike deck-building game developed by Mino Games, has officially transitioned to a purely web2 model.
https://nftplazas.com/dimensionals-shift-to-web2/
Injective is introducing the tokenized index for BlackRock’s BUIDL Fund, a perpetual index product that tracks the supply of the BUIDL fund itself.
https://x.com/injective/status/1831333016343634148
💧 Tokenized Bitcoin Assets by Market Cap
👉 https://dropstab.com/tab/tokenized-btc-0cw749cfe4
The Ronin Bridge is up
The bridge has undergone 2 audits by external parties, which you can find here: https://skymavis.notion.site/Ronin-Bridge-Audits-August-24-24f1e600cfef43b3b293541faf6c2a5e
Use the Ronin Bridge here: https://app.roninchain.com/bridge
https://x.com/ronin_network/status/1831212416132436270
Arthur Hayes has introduced a new article "Boom Times... Delayed"
https://cryptohayes.substack.com/p/boom-times-delayed
Ethena has partnered with EigenLayer and Ether.fi to introduce USDe as the first dollar-denominated token that can be used as security within its generalized shared security platform.
Ethena’s USDe will be available for deposit on ether.fi, our restaking partner, in exchange for a new Liquid Restaking Token (LRT) called eUSD.
This USDe LRT will provide a dollar-pegged asset for EigenLayer restaking.
https://mirror.xyz/0xF99d0E4E3435cc9C9868D1C6274DfaB3e2721341/fgcC1lI9cyTw2U9ywzDp8NfAtSXCcsDiMb8va6Snv3A
Binance plans to unveil a Solana staking product (BNSOL) by the end of September
The so-called BNSOL tool will enable users to stake SOL tokens to earn a portion of fees paid out by the network and mint a liquid staking token that can be used while those underlying tokens are locked up.
https://www.theblock.co/post/314497/binance-reveals-details-of-upcoming-solana-liquid-staking-token
Penpie was exploited for $27.3M, including:
2,695 rswETH($6.62M)
4,101 agETH($10.17M)
2,723 wstETH($7.77M)
2.52M sUSDe($2.77M)
The hacker exchanged all assets for 11,109 ETH($27M) and deposited 1000 ETH($2.34M) into Tornado Cash.
https://x.com/lookonchain/status/1831142810206310466
The FBI has warned the cryptocurrency industry about North Korea’s latest tactics to target employees of the sector at large.
“The Democratic People's Republic of Korea ("DPRK" aka North Korea) is conducting highly tailored, difficult-to-detect social engineering campaigns against employees of decentralized finance ("DeFi"), cryptocurrency, and similar businesses to deploy malware and steal company cryptocurrency.”
https://cryptonews.com/news/fbi-warns-of-north-korean-cyberattacks-on-crypto-etf-companies/
https://www.ic3.gov/Media/Y2024/PSA240903
The crypto market is down
BTC Dominance - 55.78%
Market Cap - $2.01T
BTC - $56,674.01 (-4.15%)
ETH - $2,369.75 (-5.79%)
BNB - $512.8 (-4.01%)
SOL - $127.51 (-5.78%)
XRP - $0.5519 (-2.62%)
TON - $4.8 (-8.36%)
https://dropstab.com
The Sei Network discord is hacked don't click any links.
https://x.com/shockermandan/status/1830930383937933341
The TON price on Coinmarketcap fell to $0.31 (-94%) due to an API error.
The issue has now been fixed.
https://x.com/ton_blockchain/status/1830885479354638665
The hacker entity that stole over $230 million in user assets from Indian crypto exchange WazirX started to move funds using Tornado Cash.
The attacker moved nearly $4 million worth of ether in 16 transactions on the Ethereum network, data tracked by Arkham shows, to a Tornado Cash router.
The address holds over $155 million worth of various tokens - with a majority in ether at $150 million - and has previously not moved any funds to Tornado.
https://www.coindesk.com/markets/2024/09/03/wazirx-hacker-starts-to-move-stolen-ether-using-tornado-cash/
Qatar introduces regulatory framework for digital assets
The QFC’s regulators — the Qatar Financial Centre Authority (QFCA) and Qatar Financial Centre Regulatory Authority (QFCRA) — announced a framework that establishes a foundation for digital assets in the QFC.
The rules include tokenization processes and the legal recognition of property rights in tokens and underlying assets, custody arrangements, transfer and exchange. In addition, the framework has provisions for the legal recognition of smart contracts.
The QFC allows up to 100% foreign ownership and 100% repatriation of profits.
https://cointelegraph.com/news/qatar-financial-centre-digital-assets-regulation