Donald Trump to launch crypto token sale Tomorrow
Israel Okereke
Community Manager | Host, Blockchain Talks with Israel | PlatON Dev. Ambassador | Product Marketer |
Week Ending October 12, 2024
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Welcome to our weekly newsletter summarising the most significant events in the cryptocurrency and finance industry over the past week. Stay informed and up to date with the latest developments.
PRESENTED BY PlatON
PlatON is an open financial infrastructure with privacy-preserving computation as its technical feature. Initiated and promoted by LatticeX Foundation, PlatON aims to become a major blockchain platform in the era of Web 3. It secures stability and performance on a par with that of the financial system, and provides privacy-enhanced compliant digital asset management, multi-scenario encrypted payment and settlement solutions, as well as smooth and user-friendly experience for various types of Web3 native applications and applications/users migrating from Web2 to Web3.
Here are the top stories from the past week:
Top Stories: Donald Trump Says His Crypto Project World Liberty Financial Will Start Selling Tokens On Tuesday
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Donald Trump supported decentralized finance protocol World Liberty Financial‘s token sale will go live on Tuesday morning, the former President said on Saturday. Read More.
Uniswap Unveils Unichain: A New Layer-2 Network
Uniswap has launched Unichain, a Layer-2 blockchain built on Ethereum using Optimism's OP Stack. This private testnet, live since October 10, 2024, aims to enhance decentralized finance (DeFi) with features like a trusted execution environment (TEE) and 250ms block times, compared to Ethereum's 12-second blocks. Developers are encouraged to experiment with Unichain ahead of its 2025 public release, which will include a community validation network. Read More.
FBI's Crypto Trap Token Targets Scammers
The FBI has launched NexFundAI, a fake cryptocurrency token, to expose market manipulators. In an operation leading to charges against 18 individuals and companies, the FBI used the token to identify fraudsters manipulating its price. This approach underscores the agency's efforts to tackle crypto fraud, following similar cases with tokens like Saitama. Read More.
Ethereum’s EIP-7781 Proposes 50% Faster Transactions
Ethereum’s latest proposal, EIP-7781, aims to reduce block times from 12 to 8 seconds, potentially boosting transaction throughput by 50%. If adopted, the change could save $100M annually in arbitrage costs. However, concerns remain about the impact on solo stakers, who may require more advanced hardware to keep pace with faster block times. Read More.
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On this Week's?Top Picks:
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?? Mt. Gox extends its repayment deadline by another year.
?? Zora unveils a new ‘claim’ subdomain for $ZORA.
?? BlackRock's assets reach a record $11.5 trillion.
?? Ithaca secures $20 million in funding led by Paradigm.
?? HBO Documentary speculates Peter Todd as Satoshi Nakamoto.
?? Optimism launches $OP Airdrop #5.
??? Internet Archive experiences a data breach, compromising user information.
? FTX reorganization plan receives approval from a U.S. Bankruptcy Judge.
?? Phantom Wallet introduces beta support for Base.
?? Puffer completes snapshot for TGE and upcoming airdrop.
?? Ton Wallet Drainer ceases operations.
ALPHA
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Unichain launches for DeFi NFT minting on Zora.
Zircuit introduces its Liquidity Hub, allowing staking for ecosystem airdrops.
Caldera launches "Meet the Metalayer" quests on Layer3, featuring Eigenlayer and Celestia.
Level partners with Frax Finance and Angle Protocol, adding support for $sFRAX and $stUSD.
Usual collaborates with Zerolend and PumpBTC, offering new lending pools and trading pairs.
Union updates its roadmap to Mainnet, with 40% progress on Testnet-9.
DeBank introduces the EIGEN Airdrop Hunter Web3 Badge.
Blackwing launches a single-token Mainnet on Solana, with Initia Mainnet coming soon.
Babylon Phase-1 Cap-2 completes with $1.5B in Bitcoin staked.
Puffer distributes more Fugu Spin tickets and begins Season 2.
Phantom Wallet adds beta support for Base, requiring manual settings configuration.
Aztec reveals its interactive roadmap on the "Road to Mainnet.
AIRDROP
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Swell revises criteria for the $SWELL Voyage Loyalty Bonus.
Puffer announces TGE & Airdrop after a recent snapshot, launching today, October 14.
Bungee expands its Bungee Ball airdrop to additional communities.
Optimism rolls out $OP Airdrop #5, focused on Superchain usage.
Scroll to release $SCR, with a snapshot on October 19 and an airdrop on October 22.
EigenLayer kicks off $EIGEN Season 2 stake drop for community members.
Taiko launches Season 1 $TAIKO Trailblazers reward claim.
Zora reveals a new ‘claim’ subdomain, hinting at a potential airdrop.
CRYPTO UPDATES
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Ethereum Proposal EIP-7781 proposes reducing slot times to 9 seconds, potentially increasing throughput by 50%.
FTX's reorganization plan receives approval, with 94% of creditors supporting the $6.83B deal.
US DOJ moves to seize $2.7M from Lazarus hacks traced through Tornado Cash.
Fold files S-4 with the SEC as it plans to go public.
Digital Asset Investment Products see $147M in net outflows, ending a 3-week inflow streak.
Gotbit, ZM Quant, and others face fraud charges; the FBI used a token to catch them.
领英推荐
As suggested in an HBO documentary, Peter Todd?denies claims of being Satoshi Nakamoto.
PlusToken crypto, seized by Chinese authorities in 2020, moved to exchanges.
Crypto.com sues the SEC following a Wells Notice.
Circle's USDC launches on Sui Network, marking the first Move-based L1 partnership with Circle.
Binance introduces Pre-Market spot trading, with $SCR tokens now available.
Ripple enhances crypto custody services for banks and fintechs.
Justin Sun was elected as prime minister of crypto-focused Liberland.
FINANCIAL UPDATES
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Metaplanet adds ~$6.5M in Bitcoin, bringing total holdings to ~$45M.
Irys Energy faces a class-action lawsuit for allegedly misleading investors about its computing capabilities.
US Inflation drops to 2.4%, slightly above expectations, marking the sixth consecutive decline.
China is expected to inject ~$283B in fiscal stimulus to support economic growth.
BlackRock assets reach a record $11.5T, driven by a market rebound.
TD Bank agrees to pay $3B in penalties for money laundering violations.
Tesla unveils new products, including the Cybercab robotaxi and revamped Optimus robot.
Ark Invest buys ~$2.2M in Coinbase shares and sells $36M of Robinhood stock for compliance.
CIS Alliance shifts 85% of transactions to local currencies, moving away from the US Dollar.
Berkshire Hathaway has reduced its Bank of America stake, netting $10B since July.
TSMC posts Q3 revenue of ~$23.41B, a 12% year-over-year increase.
UAE exempts cryptocurrency transfers from value-added tax, supporting crypto adoption.
US Banks face $500b in losses as de-dollarization grows.
SECURITY INCIDENTS AND DEVELOPMENTS
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SlowMist reports ~$10M in losses from security breaches in its latest Weekly Security Report.
Ton Wallet Drainer shuts down due to insufficient large users and a small community.
Symbiotic X Account compromised; postmortem to be released soon.
Apple issues iOS and iPadOS updates, addressing two critical vulnerabilities.
MoneyGram confirms a September data breach exposing sensitive information.
Internet Archive suffers a breach, with hackers stealing user authentication data.
Microsoft releases October 2024 security updates, fixing five zero-day vulnerabilities.
Qualcomm warns of an actively exploited vulnerability, with patches sent to manufacturers.
Firefox urges users to update after disclosing an actively exploited vulnerability.
North Korean hackers use fake job interviews to deploy malware.
$35m stolen in a phishing attack involving $fwDETH signing permits.
GitLab releases updates to patch multiple security vulnerabilities.
TOKEN UNLOCKS
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Taiko $TAIKO / ~$18m / OCT 14
Render $RENDER / ~$3m / OCT 14
Cyber $CYBER / ~$3m / OCT 14
Axie Infinity $AXS / ~$41m / OCT 14
Starknet $STRK / ~$25m / OCT 15
FUNDING ANNOUNCEMENTS
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Ithaca secures $20M from Paradigm.
PiP World raises $10M in Seed funding from Exinity.
Yala attracts $8M in Seed funding, led by Polychain Capital and Ethereal Ventures.
Apex Fusion secures $6M in funding from TRGC.
Trendies raises $1.75M in Pre-Seed funding led by Archetype.
VanEck launches a $30M early-stage fund focusing on fintech, digital assets, and AI startups.
delta secures $11M in funding.
Bitlayer raises $9M in Extended Series A funding from Polychain Capital and Franklin Templeton.
Moonray secures $4.75M from Animoca Brands, P2 Ventures, and Cardano Foundation.
CALENDAR
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Upcoming Events: Stay updated with key cryptocurrency and blockchain events.
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That's all for this week's Digital Discovery Newsletter! We've covered many topics, from major industry developments to the latest in DeFi, security, funding, alpha, airdrop and upcoming events. Join us next week for another edition.
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Stay informed, stay crypto-savvy!
The Digital Discovery Team