Wednesday, October 9, 2024
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Up-tober is not going too well so far, but we've still got plenty of time left for things to turn around. In today's news:
Read on! | | | Discover price moves and market trends. Leverage real-time crypto data for trading insights. Our revolutionary framework, built by Fortune-500 developers, offers: - Back-Tested trading signals - Clear Market Sentiment Analysis - Real-Time Crypto Data - Rich Trend Identification
ALL in a sleek and intuitive interface. | | | 24h Hot Searches Worldwide π₯ | | Top Company Settlements with US Regulators | | Crypto companies have racked up $32 billion in lawsuit settlements with US regulators from 2019 to 2024, with $19 billion in settlements recorded this year alone.
FTX & Alameda were charged with the highest amount ($12.7 billion), followed by Celsius ($4.7 billion), Do Kwon's Terraform Labs ($4.5 billion) and Binance ($4.3 billion). | | | There's no need to rush π Bitcoin restaking protocol Babylon has just concluded a deposit cap increase of their staking mainnet, pulling in just under 23,000 BTC. Unlike the first round of staking, which had a hard cap of 1,000 BTC, the recent Cap-2 round was duration-based, lasting for approximately 10 BTC blocks, or around 1 hour and 40 minutes. This meant that anybody could deposit as much BTC as they could within that timeframe without having to rush in before a hard cap was reached. As a result, various liquid staking protocols and Bitcoin yield providers locked over $1.42B worth of Bitcoin on the protocol. During this time, Bitcoin transaction fees rose to just around $2.37 during Cap-2, compared to Cap-1, when fees soared to as high as $132.
Although they deliberately missed the first staking round, Lombard is now the biggest staker, having deposited 7,166 BTC.
Following closely behind, Solv Protocol managed to delegate 7,089 BTC, worth $441M at today's prices. | | | Exploring the Cosmos ecosystem? Here is a video of the top wallets you can try to get started! | | | Crisis averted! ⚠️
The Near Layer-1 blockchain has patched a serious bug that could allow a malicious attacker to incapacitate all of the network's nodes.
In a nutshell, validator nodes on Near could communicate with each other using one of two types of signatures.
However, interaction with a particular signature type, SECP256K1, would cause the receiving node to crash. According to a report published 2 weeks ago by Zellic, who initially discovered the vulnerability, the issue has been discretely fixed through a patch deployed in January.
However, the firm mentioned that forks of Near or networks containing similar mechanisms could still have the same type of vulnerabilities in their software. | | | Learn about regenerative finance (ReFi) and how it utilizes web3 technologies to tackle some of the social, environmental, and economic issues that exist within traditional finance. | | | In Other News... Joining the Ranks. After years of missing out, Coinbase users can finally send Bitcoin to Taproot addresses in a recent update. Don't Sell Your HMSTR Tokens! The developers of the Telegram tap-to-earn game promised holders of the airdropped token a bonus allocation in the next token distribution season.
We Are Electric. HBO's Bitcoin documentary, 'Money Electric' has premiered, claiming Peter Todd is Satoshi Nakamoto. Todd swiftly denied the allegation on X.
Crypto.com Fighting Back. After receiving a Wells Notice from the US regulator, the crypto exchange is now suing the SEC.
Scroll Is Coming! Ethereum Layer-2 Scroll shares token allocation and snapshot details. The snapshot is on 19 October with the airdrop happening on 22 October.
Blockchain Savings Bonds From Palau. The government of Palau, with support from Japan's Ministry of Economy, Trade & Industry, is launching 'Palau Invest,' a blockchain-based savings bonds system.
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