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Alex U

@yourbrother

349 Following
185 Followers
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Alex U
@yourbrother
Mint If God is a circle, man is one too
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@yourbrother
I just minted Sentiniels on @mintdotfun
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https://wallet.coinbase.com/nft/mint/eip155:8453:erc721:0xff93d3f49ec467B61BF61D42DDdCFDbA5c732446
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@yourbrother
https://wallet.coinbase.com/nft/mint/eip155:8453:erc721:0xCf51a8b7a9F9AD9F3aD52f2E0fB26318036f585F
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SEC Enforcement Director Gurbir Grewal Resigns During his three years in office, Grewal authorized more than 2,400 cases, generating more than $20 billion in refunds and $1 billion in fines for the agency. In particular, Grewal filed lawsuits against Coinbase, Kraken, Ripple Labs and Binance. During his tenure, the agency authorized more than 100 processes against crypto companies.
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@yourbrother
Changpeng Zhao was released from prison So far, he has not made any comments, but simply said hello to his followers on Twitter.
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South Korea's Personal Data Protection Commission fined Worldcoin $830,000 for violations in the collection and transfer of personal data The Worldcoin Foundation did not notify subjects of the purpose of collecting and the retention period of their scanned iris data, the company also did not provide a Korean translation of the consent form for the transfer of biometric data, and did not filter minors.
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Coinbase announced that its wrapped Bitcoin cbBTC will be available on Solana The asset currently operates on Base and Ethereum.
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MicroStrategy purchased an additional 7,420 BTC for ~$458.2 million The average purchase price was ~$61,750. The company also completed the sale of $1.01 billion in convertible notes.
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Hamster Kombat became the 58th project on Binance Launchpool Users will be able to receive HMSTR tokens for locking BNB and FDUSD. Farming will begin on September 19th and listing will take place on September 26th.
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LayerZero CEO Brian Pellegrino said aggressive sybil filtering and a focus on developers and trusted users helped maintain the price of the ZRO token after the airdrop. As of today, the price of ZRO actually looks better than STRK and ZK, which came out around the same time.
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ZKsync developer Matter Labs has laid off 16% of its employees According to LinkedIn, the company had about 200 employees. More than 30 people were probably laid off.
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El Salvador's President Nayib Bukele said his plan for the country's Bitcoin strategy has been positive overall, but global adoption of BTC has not met his expectations. However, El Salvador reaped many benefits from its actions. According to Bukele, this has given the country branding, investment and tourism.
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The TON network did not work for about 7 hours Overnight, Bybit announced that due to network instability, the exchange would suspend all deposits and withdrawals through TON. At the moment, TON has resumed block production. Validators restarted the blockchain. Details of the incident will apparently be released later.
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Digital Currency Group announced that it has fully repaid its debt in June 2024 The company's only remaining liability is a $1.1 billion note owed to its bankrupt subsidiary, Genesis. Its maturity date will be in 2032. In 18 months, Digital Currency Group paid off more than $1 billion in debt. Digital Currency Group is the parent company of Grayscale.
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Binance and Changpeng Zhao are facing a class action lawsuit from three crypto investors who accuse the exchange of money laundering The plaintiffs claim that their assets were stolen and sent by the attackers to Binance, which allowed them to hide the trail of the stolen cryptocurrency with digital numbers. Changpeng Zhao is currently serving time for money laundering and is scheduled to be released in September.
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During the analysis, CoinDesk found that certain wallets owned by Eigen Labs employees received the same amount of tokens from three drops: EtherFi, Renzo and AltLayer. CoinDesk verified the accuracy of the data obtained with the help of insiders who were familiar with the real lists of Eigen Labs employees. AltLayer allocated 46,512 ALT tokens ($30,000 at peak) to each Eigen Labs employee; EtherFi provided 10,490 ETHFI tokens per person (peak value $80,000); Renzo allocated 66,667 REZ tokens per person (peak value $16,666). Some projects have called this a strange thing in the crypto industry, while others have suggested it is an abuse of power. Eigen Labs said it banned the practice in May, acknowledging it could create a conflict of interest.
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EigenLayer organized distributions of drops to its employees from other projects According to CoinDesk, Eigen Labs sent a list of its employees' crypto wallet addresses to various projects so that they could send them tokens as part of drops. Some projects actually sent tokens to Eigen Labs employees. The total amount of awards paid reached more than $5 million (at current market prices about $1 million). One of the projects reported that they did not request a list of wallets from Eigen Labs, but they simply sent it to them. Fearing negative consequences for business, the project distributed tokens. CoinDesk has compiled a list of crypto wallets that belong to Eigen Labs employees, matching them with wallets and NFTs that these employees have revealed on social media.
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Tether CEO Paolo Ardoino expressed concern that EU MiCA regulation could pose a threat to stablecoins and the banking system According to MiCA, at least 60% of stablecoin reserves must be held in bank accounts in the EU. Ardoino pointed out that financial institutions operate on a fractional reserve basis, so only a portion of deposits are available for withdrawal at any time. He also noted that in the EU, cash deposits are insured only up to $100 thousand. As an example, he cited the collapse of Silicon Valley Bank in 2023, which served as a reserve bank for USDC and due to which USDC lost parity with the dollar.
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Solana-powered Andrena raises $18 million in Series A funding round The round was led by Dragonfly, with participation from CMT Digital, Castle Island Ventures, Wintermute Ventures, 6th Man Ventures and ParaFi. Andrena is developing DAWN (Decentralized Autonomous Wireless Network) to provide decentralized Internet services.
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