Daily Crypto Digest — 22 September
Sam-bankrun-fraud + his family...?
Dear Alpha gang,
Welcome back to another week of intriguing events from the ever-dynamic world of crypto. Let’s deep dive into the key stories that have captured our attention in the past 24 hours:
🔗 CHAIN ADVANCEMENTS
🟢 Arbitrum & Chainlink Fusion: The two giants have unleashed the Chainlink Cross-Chain Interoperability Protocol (CCIP) on Arbitrum One. As interoperability becomes a buzzword, this move spells greater connectedness in the crypto sphere.
🟢 Busan’s Blockchain Blueprint: This South Korean jewel doesn’t want to be left behind. Busan has charted plans to unveil its own Ethereum and Cosmos compatible blockchain by 2024. A city-led blockchain? Intriguing times ahead!
💱 EXCHANGE EXCLUSIVES
🟠 Binance Tweaks its Trading Deck:
New Entries: ARK/USDT, CREAM/USDT, FTT/USDT, GFT/USDT, IQ/USDT, and USDT/VAI.
Bowing Out: ARK/BUSD, CREAM/BUSD, FTT/BUSD, GFT/BUSD, IQ/BUSD, and BUSD/VAI.
🟠 Binance’s Gas Hiccup: An unintentional misstep caused Ethereum gas fees to spike. Binance was quick to clarify the unintentional nature of this surge.
🟠 GMO’s Olive Branch: In a move reflecting customer-centricity, the Japanese Exchange GMO plans to offer yen compensation to its XRP users following the Songbird airdrop delay.
🟠 BakerySwap & NFTScan: A delightful collaboration aiming to give users a clearer perspective of the sprawling NFT landscape.
🔍 EXPLOITS & JUDICIAL JUNCTION
🔴 LINA’s Labyrinth: Vulnerabilities led to a draining of a jaw-dropping $130 million from its ℓUSD protocol. A grim reminder of the risks.
🔴 Divergence VC’s Misadventure: This venture firm bit off more than it could chew, misusing private Ribbon info. The subsequent fallout saw a farmed airdrop worth $2.5M being returned.
🔴 Sam Bankman-Fried in Legal Tussles: The crypto magnate found his proposed witnesses blocked from testifying. Further, his pre-trial release plea met with rejection from the US Court of Appeals. Plus, his mother and father seem to be just as implicated in the FTX debacle as him..
🚀 CORPORATE CORNER
💼 Tether’s Broken Promise: The lending gates are open again as Tether resumes its stablecoin lending — $5.5 billion at that, too!
💼 Bitmain’s Double Whammy: A planned $54 million investment into Core Scientific paired with the unveiling of a powerhouse Bitcoin miner, the S21 HYD Antminer.
💼 Draper’s DeFi Drive: Billionaire Tim Draper unveils Draper Goren Blockchain (DGB) — an accelerator with a sharp focus on DeFi innovations and more.
In Focus: “Blockchain.com CEO’s Gaze into the Future” — A sentiment echoing caution, as the CEO doesn't see the resurgence of crypto credit markets post the 3AC episode in the same light.
Wrap up your week with insights and remember, knowledge is power! For more updates make sure to follow me on X and YouTube.
Until next week, stay informed and stay sane!
Thoughts and suggestions? Reach out to us at marc@masterventures.com. We’d love to hear your feedback!
None of the information mentioned in this article is intended to be financial advice — it’s for entertainment purposes solely.