Weekly Top Crypto News (September 4 – September 10)

The crypto market opened the first week of September with Bitcoin stabilizing around $26,000. Although the outlook for the month could be considered difficult for the entire market in general and the crypto market in particular, there is still positive news showing the growth of the industry. Here, let’s review this week’s top crypto news with Coincu!

Stake.com Casino Exploit Results In $41.3 Million Crypto Loss

Stake.com casino and sportsbook targeted by exploit resulting in $41.3M loss. Stolen funds were transferred to ETH and other wallets.

Ethereum Programming Language Vyper New Version Released v0.3.10

According to the documentation, v0.3.10 is a performance focused release. It adds a codesize optimization mode, adds new vyper-specific #pragma directives, uses Cancun’s MCOPY opcode for some compiler generated code, and generates selector tables which now feature O(1) performance.

Grab Adds Web3 Crypto Wallet And Guidance On NFTs For 180 Million Users

Grab, Southeast Asia’s largest Uber-like app has added a Web3 crypto wallet to its platform. With 180 million users, this addition brings cryptocurrency to a massive new audience. Currently, the Web3 wallet is available for use in the Singapore region, with support for the Polygon wallet and guidance on wallets and NFTs.

Visa Utilizes Solana Blockchain For High-Speed Stablecoin Settlement With 400 TPS

Visa is expanding its stablecoin settlement capabilities to the Solana blockchain. The company is working with Worldpay and Nuvei to settle fiat-denominated payments through live pilots. Millions of USDC have already been moved between VisaNet partners over the Solana and Ethereum blockchain networks.

CFTC Fines Bitcoin Fraudster With $2M Penalty And 10-Year Trading Ban

The CFTC has fined Jacob Orvidas over $2 million and banned him from trading for 10 years. He defrauded investors by promising significant profits from leveraged Bitcoin trading and then losing their funds. Orvidas falsely represented his trading prowess and deceived at least four individuals, leading them to contribute over $2 million to his commodity pool.

MakerDAO Invests Additional $50M In RWA Assets, Targets $1.28B Investment

MakerDAO adds $50M in RWA assets via BlockTower Andromeda, targets $1.28B investment. $100M funding for tokenized T-Bill products recommended.

MetaMask Introduces “Sell” for Seamless Crypto-to-Fiat Transactions

MetaMask introduces the “Sell” feature, allowing users in the US, UK, and select European regions to convert cryptocurrencies into fiat currency directly to their bank accounts. The feature kicks off with Ethereum (ETH) on the Ethereum mainnet, enhancing accessibility and usability for one of the leading cryptocurrencies.

Tether Surpasses Nations With $72.5 Billion In US Treasury Holdings

In a recent revelation by Paolo Ardoino, CTO of Tether, it has come to light that Tether, the issuer of the USDT stablecoin, has secured a commanding position in the global financial landscape.

Vitalik Buterin’s X Account Suspected Of Being Hacked And Posting Phishing Links

The X account of Ethereum co-founder Vitalik Buterin is suspected of being hacked and posting phishing links. The tweet containing the phishing link has been deleted.

Blockframe Boosts zkSync Network As Core Development Team, Unleashing New Possibilities For Crypto

Blockframe, the NFT market and creator platform, has joined the zkSync network as a core development team, enhancing the decentralization of the ecosystem and bringing valuable tools to crypto projects using the ZK Stack.

Grayscale’s Bitcoin Holdings Revealed: Second-Largest BTC Player With $16 Billion

Arkham Intelligence finds Grayscale’s Bitcoin Trust as the world’s 2nd largest BTC holder, with $16 billion across 1,750 addresses. Despite privacy efforts, the company’s vast crypto presence is revealed. Grayscale’s Bitcoin Trust is in a legal battle with the SEC, aiming to become an ETF amid evolving regulations.

Binance NFT Now Ends The Sandbox NFT Staking Program And Polygon Network Support

Binance NFT discontinues The Sandbox NFT Staking Program. Polygon Network NFTs to be unstaked by September 27, 2023.

Genesis Takes Legal Action Against DCG Over $600M Debt Dispute

In a legal dispute that unfolded on Wednesday, Genesis Global Capital, the bankrupt cryptocurrency lending unit, has filed a lawsuit against its parent company, Digital Currency Group (DCG), and DCG International Investments Ltd. This move comes as both parties are in negotiations over the repayment of loans exceeding $600 million, which matured in May.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.