$XRP Finally reached $3.16!
As promised, I want to change someone's holiday and send 1,000 $XRP (~$3,160) to one person by tomorrow.
Just like, retweet and comment '$XRP'.
Random winner in 24 hours. I will announce as a tweet at 12pm EST FRI.
🧵8/Ω
When asked to explain to the court who exactly Ryan Salame was Caroline Ellison referred to him as "an employee of FTX."
On paper Ryan Salame was the co-CEO.
🧵7/Ω
Back to "the thing": the Alameda/FTX employee who suggested the bribe was named David Ma. The employee who thought it was a bad idea and quit was named Handy.
🧵5/Ω
Before resorting to bribing the government of China directly they had the bright idea to bribe some Thai prostitutes to let them use their IDs to open accounts on Huobi and OKX. They then attempted to trade poorly against these accounts to transfer funds out.
I just spent hours doing research, reading through 1000s of tweets, hundreds of reports and articles to bring you a comprehensive round up of all the crypto alpha updates you NEED to know about! 👇
DAILY CRYPTO DIGEST — 11 OCTOBER 🧠
Project Updates:
• Palestinian Funding & Crypto: Cryptographic transaction analytics by Elliptic have shed light on substantial crypto transfers. Between August 2021 and June, Palestinian Islamic Jihad-associated wallets reportedly received around $93 million, while Hamas-affiliated wallets amassed roughly $41 million.
• Situation in Israel: Ethereum staking infrastructure's SSV Network's Israeli founder, Alon Muroch, has been drafted into the army, suggesting heightened tensions. He expressed concerns that the on-ground situation is more severe than reported. Meanwhile, Israeli L2 company Starknet assures stakeholders of the team's safety amidst the unrest.
• ApeCoin's Leap: Sandeep Nailwal, the co-founder of Polygon, has put forth an ambitious proposal to the ApeCoin DAO forum. He aims to rally both the ApeCoin community and Polygon Labs to collaboratively develop a specialized L2 ApeChain harnessing zero-knowledge technology.
• Philippine Fintech: Coins(.)ph, a Philippine fintech heavyweight, is collaborating with Circle to spearhead USDC-denominated remittances. The duo's primary motive is to present a secure, economical international remittance solution, perfectly aligned with the United Nations' objective of trimming migrant remittance transaction fees to below 3% by 2023.
• Polkadot's Vision: The Web3 Foundation, dedicated to fostering Polkadot's growth, has rolled out an expansive plan. They have earmarked $22.08 million and a whopping 5 million $DOT for deployment in 2024. This allocation is anticipated to bolster the community-driven funding mechanism from Polkadot's Treasury, benefiting future-oriented projects.
Raises & Acquisitions:
• Untangled's Launch: Untangled, a tokenized RWA Platform, has successfully gone live. In addition to its launch, the platform has managed to secure a substantial funding commitment of $13.5M, emphasizing its potential.
• Immutable's New Partnership: In a significant strategic move, Amazon Web Services (AWS) has onboarded blockchain gaming colossus Immutable to its esteemed roster of partners. Immutable's valuation currently stands at an impressive $2.5 billion.
• Bitfinex Share Buyback: iFinex, the entity overseeing crypto exchange Bitfinex, has divulged plans for a share buyback initiative. They intend to repurchase shares worth $150 million. This comes after Bitfinex's tumultuous past where, post a significant hack in 2016, it offered company shares as compensation to affected parties.
Rugs / Exploits:
• 3AC Founder Arrest: 3AC's founder, Zhu Su, was apprehended at Singapore Airport. The arrest reportedly occurred due to the liquidator Teneo tipping off the police. The liquidator is now actively pursuing permission to interact with Zhu Su and gather more details about 3AC.
• Alameda's Allegations: Revelations in court assert potential misdeeds by Alameda. Caroline Ellison's testimony suggests Alameda might have improperly utilized FTX customer funds, diverting them for investments and political contributions. The total amount involved is staggering, hovering around the $14 billion mark.
• Crypto Bot Platform 3Commas: Recent disturbances have plagued the 3Commas platform. Several accounts experienced unauthorized transactions post-password resets. Concerns are mounting, especially since 3Commas had a significant API key leak in 2022, leading to unauthorized coin withdrawals.
Governance & Regulatory News:
• Paul Tudor Jones & Bitcoin: Paul Tudor Jones, a hedge fund luminary, has voiced his reservations about stocks due to prevailing geopolitical risks and surging U.S. government debt. However, he finds Bitcoin and gold as enticing investment avenues, indicating a 5% asset allocation to Bitcoin in 2021.
Okcoin's Brand Transition: Okcoin, a seasoned player in the crypto arena, has embarked on a significant rebranding journey. The brand is gradually transitioning to $OKX across various geographies, including Latin America, the Middle East, North Africa, South Asia, and Hong Kong.
• Binance's UK Regulatory Hurdles: #Binance is facing regulatory headwinds in the UK. The local regulator has pointed out that Binance's UK partner lacks the necessary approvals to greenlight crypto advertisements.
Other Interesting News:
• Binance & Hamas: In response to recent events, Binance co-founder He Yi has clarified the company's stance. He remarked that Hamas, as designated by the United Nations, is a terrorist organization, making it obligatory for international organizations, banks, and platforms to comply with freezing requests. He emphasized that Binance's actions are in line with global mandates and not a reflection of political biases.
• Bitstamp's Canadian Exit: In a strategic pivot, crypto exchange Bitstamp has announced plans to cease its operations in Canada by January.
• Israeli Operation: Israeli authorities, in a coordinated operation involving police, defense, intelligence agencies, and crypto exchange Binance, have frozen cryptocurrency accounts believed to be linked to the Palestinian militant group, Hamas.
• Binance's Neutron Launch: Binance has unveiled Neutron, its latest addition to the Binance Launchpool lineup. This allows users to invest in the NTRN mining pool using $BNB, $TUSD, and $FDUSD, in exchange for $NTRN rewards.
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