Selected News:

1. HTX hot wallet was hacked and lost approximately $7.9 million. HTX fully bears the losses caused by the hacker attack to ensure the safety of user assets.

2. Binance: User registration and product access have been reopened in Belgium;

3. MicroStrategy purchased 54,450 bitcoins for approximately $147.3 million.

4. Coinbase Executive: Binance minted over $500 million worth of WBETH last weekend and deposited it into the trading platform;

5. DWF Labs extracted about 300,000 FRONT tokens from Binance, increasing their holdings to 700,000 tokens.

Project Updates

Bitwise has submitted a revised application for a Bitcoin ETF, refuting point by point the reasons for rejection by the US SEC.

Bloomberg ETF analyst James Seyffart posted on social media that Bitwise, a cryptocurrency investment management company, has submitted a revised application for a physically-backed Bitcoin ETF. The main change is the addition of a section that refutes point-by-point the reasons for rejection given by the US Securities and Exchange Commission (SEC) in response to their previous application and research.

Cyvers Alerts: HTX hot wallet hacked, losing about $7.9 million

According to Cyvers Alerts monitoring, a certain EOA address received 5000 ETH from HTX yesterday, and it was discovered this morning that HTX had migrated its hot wallet. Cyvers Alerts stated that it has confirmed that one of HTX's hot wallets was attacked, resulting in a loss of $7.9 million, and the hacker's address is 0xdb1D74467c9042517A354304256E0d658D8AEC83. HTX stated through on-chain messages that it has confirmed the hacker's identity and will request judicial intervention if the funds are not returned within 7 days.

HTX: Confirmed hacker identity, will request judicial intervention if funds are not returned within 7 days

The encrypted trading platform HTX received a message from a hacker who stole 5000 ETH from a hot wallet on the chain, stating, "We have confirmed your true identity. Please return the funds to 0x18709E89BD403F470088aBDAcEbE86CC60dda12e. We will provide you with a 5% white hat bonus. This offer is valid for 7 days and expires on October 2, 2023. If you do not return the funds before the deadline, we will request the intervention of judicial authorities."

Justin Sun: HTX has fully borne the losses caused by the hacker attack, ensuring the safety of user assets.

Justin Sun, founder of TRON and member of the HTX Global Advisory Committee, posted on social media that HTX suffered a loss of 5000 ETH due to a hacking attack. HTX has fully borne the losses caused by the attack and has successfully resolved all related issues. All user assets are safe and the platform is operating normally.

CZ: Binance security team will assist HTX in tracking hacker funds

Binance founder CZ responded to Justin Sun's previous statement that HTX had fully borne the loss of 5000 ETH caused by the hacker attack, stating on social media that the Binance security team will do its best to assist in tracking the hacker's funds.

Market News: US SEC objects to Celsius Network's plan to distribute digital assets to customers through Coinbase

According to market sources, the US Securities and Exchange Commission (SEC) has raised objections to crypto company Celsius Network's plan to distribute digital assets to customers through Coinbase as part of its restructuring plan. Celsius filed for bankruptcy over a year ago and will seek approval for its restructuring plan from the bankruptcy court in the coming weeks.

Coinbase has been registered with the Bank of Spain to provide trading and custody services in the country.

According to CoinDesk, cryptocurrency trading platform Coinbase has announced that it has registered with the Central Bank of Spain to offer trading and custody services in the country. Registering with the central bank of Spain is a mandatory step for providing cryptocurrency-related services, and registered companies must comply with the country's anti-money laundering standards. Although the country has not yet established a licensing system for cryptocurrency companies, according to the recently passed MiCA regulation by the European Union, Spain will be required to implement such a system starting in 2024, applicable to cryptocurrency issuers and service providers.

Binance: Has reopened user registration and product access in Belgium

The encrypted trading platform Binance announced that it has reopened registration and access in Belgium for users to use Binance's products and services. Previously, it was reported that the Financial Services and Markets Authority (FSMA), the market regulator in Belgium, ordered Binance to immediately stop providing services to local customers on June 24th.

Celsius bondholders vote in favor of restructuring plan

According to The Block, Celsius' creditors have voted in favor of a restructuring plan that will return approximately $2 billion worth of Bitcoin and Ethereum to the creditors and allocate equity in the new company. The documents show that over 98% of the creditors voted in favor of the plan. Next, the US Southern District of New York Bankruptcy Court will hold a hearing on October 2 to review and approve the case.

Radiant Capital proposed an Arbitrum ecosystem growth strategy proposal and plans to apply for a maximum of 3.36 million ARB grant funding.

The cross-chain lending protocol Radiant Capital has submitted a strategic proposal to Arbitrum DAO to further promote ecosystem growth. The proposal is based on Radiant's recent successful ARB airdrop activity on Arbitrum, which brought a 67% increase in RDNT holders and a 19% increase in total value locked (TVL). Radiant is now applying for funding ranging from 52,126 to 3,359,302 ARB to expand its influence in the following three core areas: 1. Sticky liquidity: incentivizing new and old users to participate in ARB airdrops through its proprietary long-term dynamic liquidity provision (dLP) mechanism; 2. Ecosystem enrichment: partnering with existing protocols such as GMX, Camelot, Dopex, and Plutus to diversify liquidity pools, enhance lending options, and cultivate a robust options market; 3. Future integration: as Radiant prepares to launch on the Ethereum mainnet and expand its influence on the BNB chain, this funding will attract a wider user base to join Arbitrum.

Data

MicroStrategy purchased 54,45 bitcoins for approximately $147.3 million

MicroStrategy founder Michael Saylor posted on social media that MicroStrategy purchased approximately 54,450 bitcoins between August 1 and September 24 for about $147.3 million, with an average price of $27,053 per bitcoin. As of September 24, 2023, MicroStrategy has purchased 158,245 bitcoins for approximately $4.68 billion, with an average price of $29,582 per bitcoin.

Coinbase executive: Binance minted over $500 million worth of WBETH last weekend and deposited it into the trading platform

Coinbase executive Conor Grogan posted on social media that "Binance minted over $500 million worth of Wrapped Beacon ETH over the weekend and deposited it into their trading platform. This number is almost equal to 50% of all BETH supply, and I did not see any asset flow or destruction on the chain. Binance's ETH2 depositors also did not experience any changes."

DefiLlama: The total value locked (TVL) of lending protocols has reached 14.287 billion US dollars, surpassing that of DEX protocols.

According to DefiLlama data, the TVL of lending protocols has surpassed that of DEX protocols, with assets worth 14.287 billion US dollars locked in smart contracts, ranking second in the category. In addition, liquidity staking protocols have the largest TVL of 21.092 billion US dollars, ranking first in the protocol category.

Data: DWF Labs extracted about 300,000 FRONT from Binance, increasing its position to 700,000 FRONT

According to Lookonchain's monitoring, DWF Labs withdrew 299,092 FRONT tokens (approximately $127,000) from Binance 4 hours ago and currently holds 699,192 FRONT tokens (approximately $300,000).

Data: friend.tech TVL exceeds $40 million

According to DefiLlama data, the total value locked (TVL) of friend.tech has exceeded $40 million, reaching $40.06 million.

Funding

Account abstraction developer Pimlico completes $1.6 million Pre-Seed round of financing, led by 1confirmation

According to AlexaBlockchain, account abstraction developer Pimlico has completed a $1.6 million Pre-Seed round of financing, with 1confirmation leading the investment and participation from Safe, Consensys, and over a dozen angel investors. Pimlico reportedly offers features including ERC-20 token Gas payment, multi-signature schemes, social recovery, and spending limits.

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