🦎🚀 It's Salameda, not Alameda! 🤔

Monday, September 25, 2023

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Taking Back What's Theirs

Bankrupt crypto exchange FTX has filed a lawsuit against former employees of Salameda, a Hong Kong-incorporated entity affiliated with FTX, claiming that it was controlled by the firm's former CEO, Sam Bankman-Fried.

The defendants are alleged to have exploited their connections to FTX personnel to prioritize their withdrawals over other customers.

The lawsuit aims to recover approximately $157.3 million.

In today's news, Bybit leaves the UK market, OpenSea's security is tested once more, and Upbit makes an unfortunate mistake.

Read on!

Most Popular NFTs on CoinGecko

NFTs minted in 2021 continue to dominate in popularity, accounting for 12 of the 30 most popular NFTs on CoinGecko.

However, even NFT collections launched in the bear market have seen a healthy share of popularity: 2023 NFTs account for 9 of the 30 most popular NFTs, pulling just ahead of 2022 NFTs which account for 8 of the top 30.

The RWA Roundup

In 2023, the tokenization of off-chain assets such as real estate, equities, and even US treasuries has surged in popularity, resulting in the exponential growth of Real World Assets (RWAs) in crypto. With on-chain returns dwindling, RWAs have become an alternative source of yield for crypto users that would otherwise be inaccessible to the average retail participant.

Join us in our next Virtual Meetup #28, where we'll discuss the latest news in the RWA sector. Will RWAs act as a gateway for institutions to finally make their first foray into crypto? What's next for RWAs, and what can we expect in the near future?

Date: Thursday, 28 September 2023

Time: 09:00 AM EDT (UTC -4) [Check your local time]

Tune in for our Virtual Meetup #28, featuring an exciting panel of speakers:

Zhong Yang Chan, Head of Research, CoinGecko (Moderator)
Sid Powell (CEO & Co-Founder, Maple Finance)
Eugene Ng (Co-Founder, OpenEden & DWF Labs)
Cassidy Daly (Co-Founder, Centrifuge)

SAVE YOUR SEAT TODAY!

While Arbitrum and other new L2's may have been stealing the spotlight for a while, Optimism has been busy at work buidling. Learn about all important updates and upgrades to the Layer 2.

Check it out here!

Bybit's Brexit

Crypto exchange Bybit is leaving the UK market ahead of the Financial Conduct Authority's new crypto marketing regulations, which take effect next month.

Starting October 1, Bybit will stop accepting new UK user applications, and from October 8, existing UK users won't be able to make new deposits or trades but can reduce or close positions until January 8, 2024.

The Block

Security Breach

NFT marketplace OpenSea has reported a security incident involving one of its third-party vendors that may have exposed users' API keys.

While it's not expected to impact programs using these keys, OpenSea plans to sunset existing keys by October 2 as a precautionary measure.

The Block

Oops!

Upbit, South Korea's largest centralized cryptocurrency exchange, temporarily halted deposits and withdrawals after mistakenly identifying a scam token impersonating Aptos.

The fake APT token's code contained a flaw that resulted in a deposit of approximately $250 in affected accounts. If the scammers had added two more decimals, it could have led to a $25,000 airdrop to each affected account.

Decrypt

ICYMI: Tracking Crypto Prices on ExcelThere's so much more you can do with crypto price data in your spreadsheet!

In this step-by-step tutorial, learn how to import crypto prices into Excel: