headlines
Lookonchain data shows that Poloniex hackers stole a total of approximately $118 million in assets from Ethereum and Tron 2 hours ago. The specific distribution is as follows: $32.7 million USDT; 443 BTC, worth $16.5 million; 6103 ETH, worth $12.7 million ; 6.75 million USDC; 577 billion SHIB, worth $4.74 million; 25.5 trillion ELON, worth $4.15 million; 3.65 million USDD; 197 million OX, worth $2.67 million.
FTX bankruptcy advisor sues Bybit to recover $953 million in assets
FTX bankruptcy counsel has sued cryptocurrency trading platform Bybit Fintech Ltd and two of its affiliates in a Delaware court on Friday, seeking to recover approximately $953 million worth of cash and crypto assets that were used before FTX collapsed. Evacuate from the platform.
The lawsuit alleges that Mirana Corp., Bybit’s investment arm, had special VIP benefits that most FTX customers did not have and used those privileges to move most of its assets off FTX’s platform when FTX collapsed. As FTX customers queued up to withdraw money, Mirana pressured FTX employees to fulfill their withdrawal requests.
Another affiliated company that is also a defendant is Time Research Ltd.
cryptocurrency
MicroStrategy’s Bitcoin holdings have exceeded $1.2 billion in profit
MicroStrategys floating profit on Bitcoin positions exceeds US$1.2 billion. Its position cost price is 29586 USDT. It holds a total of 158,400 Bitcoins. Based on the current price of Bitcoin of 37500 USDT, MicroStrategy has made a floating profit of US$1.25 billion. Previously, MicroStrategy officially released its financial report for the third quarter of 2023, showing that it purchased an additional 155 Bitcoins for $5.3 million in October. As of October 31, 2023, MicroStrategy held a total of 158,400 Bitcoins at a total cost of $4.69 billion, or $29,586 per Bitcoin.
Scopescan: Poloniex hacker spends $22.8 million to buy TRX
Scopescan monitoring shows that Poloniex hackers used USDC on the Ethereum network and USDT on the Tron network to purchase a total of 206 million TRX, worth approximately US$22.8 million.
Foreign media: Bithumb attempts IPO again, expected to be listed in the second half of 2025
Bithumb operator Bithumb Korea selected Samsung Securities as the lead underwriter at the end of last month and started the IPO work. It plans to list on KOSDAQ with a target listing date expected in the second half of 2025. Bithumb declined to comment on IPO plans but said it had selected underwriters. In addition, former chairman Lee Jung-hoon is planning to return to Bithumb Holdings’ board of directors to strengthen management. It should be noted that as early as June 2020, there were reports that Bithumb was trying to launch an IPO for the second time and appointed Samsung Securities to underwrite the IPO.
Project News
Vertex issued a document on the X platform stating that Vertex announced token economics and issued a total of 1 billion VRTX tokens. The specific distribution ratio is: 24% for continuous incentives; 10% for airdrops; 8.8% for investors; 1% for initial liquidity; 5% for future contributors; 9% for ecosystem support; 0.5% for consulting parties; 11.7% for protocol treasury; 20% for teams %.
Non-custodial liquidity staking platform ether.fi announced that its liquidity staking token eETH has been launched on the mainnet. The first whitelisted users have been notified and are able to mint eETH. In the coming days, the team will whitelist more users and send notifications. According to previous news in October, ether.fi planned to launch the mainnet on November 6. Users can first register to join the whitelist, and early eETH pledgers will receive loyalty points. Once the restaking service is launched, they can receive higher staking rewards. In addition, ether.fi stated that it plans to focus on integration with DeFi protocols, and ongoing partners include Balancer, Aura, Gravita Protocol, Maverick Protocol, Pendle and other protocols.
Butter Finance announced that it will stop publishing, and the future of the project is unclear
Butter Finance officials stated that contributors found the veCAKE system and incentive model to be unrealistic for Butter. Butter Finance has decided to stop publishing due to this issue. On the 2nd of this month, Butter Finance also told users that Butter Finance will be launched soon and will become “the building block that will unveil the next phase of DeFi.” Butter Finance is a veCAKE module and decentralized governance and revenue enhancement platform built for Pancakeswap.
Investment and Financing
Galactic Holdings, a Latin American digital financial company, announced that it has recently completed Series A financing, with a total amount of US$6.25 million. The financing was led by Galaxy Interactive and Dragonfly, with participation from SHK and other institutions. The capital injection will further promote the development of Galactic Holdings TruBit wallet, TruBit Pro exchange and Mexican stablecoin MMXN and other sub-brands in the Latin American market, while accelerating the expansion of cross-border payment services in other countries. At present, TruBit has successfully opened up compliance channels for three major legal currencies in Mexico, Argentina, and Brazil, providing users with services to buy and sell cryptocurrencies directly through bank transfers; the company has also launched the MasterCard cryptocurrency prepaid card, covering local and cross-border payments. , spot and contract transactions, as well as large OTC transactions and other comprehensive digital financial solutions. (Cointelegraph) Previously in April, Galactic Holdings announced the completion of a $10 million Pre-Series A round of financing. The round was led by BAI Capital, with participation from Animoca Brands, Y 2 Z Ventures, Longling Capital, Head Shoulders, TKX Digital Group, Perseverance Capital and Palm Drive Capital.
Crypto analytics company Block Scholes has raised $3.3 million in financing, with participation from Record PLC, Investcorp, Dair Capital, Saison Capital, CoinSwitch, FunFair Ventures and others. Block Scholes launches in 2021, and funds from this round will be used to expand the team and develop the product. Block Scholes said it has provided encrypted data services to institutions such as hedge funds, banks and exchanges.
Digital currency cross-border transfer company Almond FinTech raises $7 million
Almond FinTech, a B2B technology company that connects fiat and digital currencies, announced the completion of a new round of financing of US$7 million. The financing will be used to expand Almond’s operations in Asia, the Americas and Africa. According to reports, Almond’s proprietary Settlement Optimization Engine (SOE) tracks hundreds of digital currencies and blockchains to determine the best route for international transfers to ensure low cost and high efficiency. Almond recently received SOC 2 Type 1 certification. In addition to cross-border transactions, Almond offers customers a credit scoring platform powered by behavioral analytics to provide loans to communities with unconventional or limited credit histories.
regulatory policy
47 countries including the United States, the United Kingdom, Australia, Brazil, Canada, France, Germany, Greece, Italy, Japan, South Korea, and Switzerland have committed to authorize the implementation of the Crypto Asset Reporting Framework (CARF) by 2027, which is an automatic exchange between tax authorities new international standards for information; and will be incorporated into their domestic legal systems to improve the ability to ensure tax compliance and combat tax evasion. In the joint statement released by these countries, they also invited other jurisdictions to join in to strengthen the global automatic information exchange system and combat tax evasion. (Cointelegraph) Previous news in October 2022, the Organization for Economic Co-operation and Development (OECD) released its new global tax transparency framework, the Crypto-Asset Reporting Framework (CARF), to provide reporting and information exchange on crypto-assets. CARF requires crypto-asset companies to report in the countries in which they do business. Transactions between related cryptoassets and fiat currencies, as well as transactions between one or more cryptocurrencies and transfers of cryptocurrencies (including retail payment transactions), will need to be reported.
The European Parliament has approved a data bill requiring smart contracts to have termination designs, a provision that could make most smart contracts illegal. The legislation now needs formal approval from the European Council, the body made up of the heads of state of the 27 member states. According to a CoinDesk review, the bill has a provision that would require automated data sharing agreements to be safely terminated, including smart contracts. Blockchain-related organizations such as Stellar, Polygon, NEAR and Cardano expressed their concerns in an open letter.
Character*Voice
NEO founder Da Hongfei: NEO has not participated in the buying and selling activities of NEO/GAS
Neo founder Da Hongfei said in Discord, “I have no right to comment on other people’s investment choices, but I can confirm that in the past few months and since the establishment of the company, due to the advantage of internal information, NEO Global Development (NGD) and NEO Foundation ( NF) has not participated in the buying and selling activities of NEO/GAS, except for expenditures for normal operating expenses.”
CZ posted on the It was time to contact the partner to freeze the wallet, and since all funds were transferred to the Tron wallet in the form of USDT, approximately $11.8 million of the $12.5 million had been successfully frozen. According to previous news, a certain Tron address with a balance of more than 11.86 million USDT has been frozen.
