<![CDATA[Daily Digest]]>https://dailydigest.coinfeeds.iohttps://substackcdn.com/image/fetch/$s_!YiYl!,w_256,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F76d55733-9cd1-4ec4-a3c1-8159bb7f34ba_402x402.pngDaily Digesthttps://dailydigest.coinfeeds.ioSubstackMon, 20 Apr 2026 04:55:30 GMT<![CDATA[Ethereum's 'The Verge' Upgrade]]>https://dailydigest.coinfeeds.io/p/ethereums-the-verge-upgradehttps://dailydigest.coinfeeds.io/p/ethereums-the-verge-upgradeThu, 24 Oct 2024 14:52:35 GMT

  • Vitalik Buterin shared notes about the next Ethereum upgrade 'The Verge', which is set to lower hardware requirements and enable small devices like phones or smartwatches to run nodes.

  • The Verge would bring stateless verification that would make full verifications so compute-affordable that mobile devices could do it.

  • With stateless verification, nodes would no longer have to store the entire chain.'

  • At the core of the upgrade are Verkle trees - a cryptographic structure for reducing proof sizes and enabling stateless validation.

  • In a blog post, Vitalik noted the concerns over Verkle trees' vulnerability to quantum computing. Other developers prioritize the rather resistant STARKs.

  • The upgrade also proposes a new gas cost system that's 'multidimensional', with separation between call data, computation, and state accesses.

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    Denmark Plans To Propose Tax on Crypto Unrealized Gains

    Denmark is taking a significant step towards regulating cryptocurrency by proposing a new tax model that targets unrealized gains. The proposed bill is expected to be discussed in the Danish Parliament in 2025, with potential implementation starting in 2026. | Read More

    Uniswap Launches Permissionless Bridging Across 9 Networks

    Uniswap Labs has introduced a feature that allows users to perform cross-chain asset swaps seamlessly. This new capability is now live across nine different networks. Uniswap's cross-chain bridging is powered by Across Protocol, which utilizes a decentralized network of liquidity pools and relayers. | Read More

    Base Plans To Launch Fault Proofs This Month

    Base, helped by Optimism, is to introduce a system called fault proofs on Oct 30. It is designed to enhance the decentralization of the network by reducing reliance on a single entity. Fault proofs allow users to monitor and challenge any invalid withdrawals on the network. | Read More

    Blockchain Forensics Links BingX and Indodax Hacks

    The hacks on BingX and Indodax involved the use of the same wallet address to launder stolen funds. This suggests that the same group or individual may be responsible for both incidents. In the case of Indodax, the attack occurred in September and resulted in a $22M loss. | Read More

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    ]]>    <![CDATA[Bitcoin mining difficulty hits all-time high]]>https://dailydigest.coinfeeds.io/p/bitcoin-mining-difficulty-hits-allhttps://dailydigest.coinfeeds.io/p/bitcoin-mining-difficulty-hits-allWed, 23 Oct 2024 15:27:42 GMT

  • Bitcoin mining difficulty has hit an all-time high of 95.67T, having jumped by 3.9% and coinciding with a record 700 EH/s hashrate.

  • This year, 22 mining difficulty adjustments occurred so far, 13 of them positive. YTD, there has been a 27% increase from 72T to 92T.

  • This is naturally resulting in more and more small private miners getting pushed out. Hashrate dropped by 15% after the halving after these participants started exiting and selling BTC.

  • Glassnode data shows that miners have sold prior to halving, likely so they could fund operations.

  • 'Strong' miners are dominating more than ever, with public miners now having control over nearly 30%.

  • Increases in mining difficulty and miner revenue historically have signaled bull runs.

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    Ethereum Blob Fees Soar

    The spike in blob fees was primarily driven by the listing and airdrop of Scroll's governance token, SCR, on Binance. Airdrops often lead to increased network activity as users rush to claim tokens, thereby driving up transaction costs. | Read More

    Institutional Investors Hold $13B Of Bitcoin ETFs

    Over 1,179 U.S. institutions now hold a combined total of 193,064 BTC through ETFs. Major players such as Millennium Management and Jane Street are at the forefront of this demand. BlackRock's Bitcoin ETF has emerged as the fastest-growing ETF in U.S. history. | Read More

    Binance Faces Market Share Decline Amid Rising Competition

    Binance's market share has decreased from 52.5% to 39.54% in the spot trading market. This decline marks a significant shift in the competitive landscape, as other exchanges like Bybit and OKX capitalize on this. Despite the drop in market share, BNB continues to grow. | Read More

    Coinbase's Base Hits $1.6B in ETH Holdings

    Base has reached a new milestone. This bridge now holds nearly 623,130 ETH, equivalent to around $1.6 billion. This positions Base as the eighth-largest holder of Ethereum globally. | Read More

    Decentraland 2.0 Beta Launches with New Features

    Decentraland 2.0 introduces several interactive elements designed to keep users engaged. These include badges, daily tasks, and mini-games, which offer users various ways to explore and enjoy the virtual world. | Read More

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    ]]>    <![CDATA[Transak suffers data breach]]>https://dailydigest.coinfeeds.io/p/transak-suffers-data-breachhttps://dailydigest.coinfeeds.io/p/transak-suffers-data-breachTue, 22 Oct 2024 20:36:26 GMT

  • Transak, a leading Visa-partner 'on-ramp' service used by MetaMask, Binance, and others, is facing a ransomware data breach affecting 93,000 users.

  • The CEO said that the attacker gained access to names, dates of birth, ID documents, and selfie photos and videos.

  • No financially sensitive information was compromised, according to Transak's blog post.

  • However, the ransomware group that claimed responsibility is seeking to negotiate with Transak. The group also claimed on Telegram that their breach impacts all KYC data processed through Transak.

  • They threatened to leak or sell the data if Transak doesn't pay a ransom. Transak CEO said the company wouldn’t negotiate.

  • The CEO also said the breach occurred because an employee used a work laptop for non-work things. And that rumors about the attacker's access to other systems aren't true.

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    Phishing Scam Targets Sony's Soneium Blockchain

    The scam involves the creation of a fake website that closely mimics the legitimate Soneium site. By using Google's ad service, the fraudulent site appears as the top search result, making it easy for unsuspecting users to click on it. | Read More

    Sushi Unveils Roadmap with New "Swap Everything" Route Processor

    Sushi has recently unveiled an ambitious roadmap. Central to this plan is the introduction of a new Route Processor technology designed to improve liquidity and user experience. This initiative, dubbed "Swap Everything," seeks to expand Sushi's reach across multiple chains. | Read More

    Sky Community To Consider Going Back To Being MakerDAO

    MakerDAO rebranded to Sky in August. Following the rebrand, there’s been negative feedback. The community expressed confusion, dissatisfaction with the new identity, concerns were raised about potential USDS censorship. Sky might return to being MakerDAO and change in other ways after a community call. | Read More

    Scroll Launches $SCR Token, Sees 70% Drop In DeFi Activity

    Scroll, a zero-knowledge rollup for Ethereum, has introduced its native token, $SCR. This is a significant step towards recognizing global community contributions and decentralizing its ecosystem. Despite the promising launch of the $SCR token, Scroll faced a 70% drop in DeFi activity. | Read More

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    ]]>    <![CDATA[ETH in accumulation wallets up 65% this year]]>https://dailydigest.coinfeeds.io/p/eth-in-accumulation-wallets-up-65https://dailydigest.coinfeeds.io/p/eth-in-accumulation-wallets-up-65Mon, 21 Oct 2024 13:32:33 GMT

  • CryptoQuant contributing analyst Burakkesmeci noted that by Oct 18, the total amount of Ether held in accumulation addresses was 19 million ETH ($50 billion) — up from 11.5 million ETH back in Jan 2024.

  • Accumulation addresses, or wallets, is an indicator used to determine the overall investor confidence in Ethereum long-term.

  • The analyst predicts that by EOY, 20 million ETH will be held in accumulation wallets, says that Ethereum ETFs contributed greatly to this growth, and that it proves Ether is not just for tech people.

  • Ethereum ETFs, since their July launch, have recorded net outflows of $467.3 million.

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    TechCrunch Founder Says Stripe Acquired Bridge for $1.1B

    Stripe has reportedly acquired Bridge, a stablecoin platform, for a staggering $1.1 billion. This is Stripe's largest purchase to date. Although the deal has not been officially confirmed by either company, it has been widely reported by industry insiders, namely the founder of TechCrunch. | Read More

    FCA Defends Its Firm Stance On Crypto Regulations

    The UK's Financial Conduct Authority has been under scrutiny for its rigorous approach to regulating crypto firms. Critics argue that the FCA's tough stance may stifle innovation within the crypto sector. Since 2020, only 50 out of 360 applications for registration have been approved. | Read More

    Japan's DPP Leader Pledges Crypto Tax Cuts if Elected

    At present, cryptocurrency gains in Japan are taxed as miscellaneous income, with rates ranging from 15% to a hefty 55%. Tamaki's proposal seeks to simplify this system, aligning crypto tax rates with those of stock market profits at a flat 20% rate. The proposal also suggests integrating NFTs. | Read More

    UK's Pension Giant L&G Explores Tokenization

    Ed Wicks, the global head of trading at L&G, has confirmed that the firm is actively exploring how to offer their investment management liquidity funds in a tokenized format. This move aligns L&G with other financial giants like BlackRock, Franklin Templeton, and State Street. | Read More

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    ]]>    <![CDATA[Ethereum’s Pectra fork updates]]>https://dailydigest.coinfeeds.io/p/ethereums-pectra-fork-updateshttps://dailydigest.coinfeeds.io/p/ethereums-pectra-fork-updatesFri, 18 Oct 2024 18:30:19 GMT

  • The Ethereum Pectra EIP-7742 upgrade is coming soon, and developers are working out blob-carrying transaction optimization.

  • Blobs (Proto-danksharding) are a data structure for data sent for L1 verification that is bigger, better organized, and can be purged after verification, unlike batching-up that was used prior. Blob gas has its own market.

  • In the All Core Devs meeting, it was noted that the upgrade would bring dynamic setting of the blob gas target and max values.

  • EIP-7623 is another proposal that could free up blob space by reducing block size from 2.7MB to 1MB.

  • All of these potential features are parts of the road to Vitalik's 100,000 TPS vision.

  • There are downsides. L2 scaling massively declined Ether's mainnet share of total network revenue. The revenue ratio of Ethereum to Ethereum L2s has been 10:90.

    Layer 2s by activity, or daily avg transactions per second - L2BEAT

  • The community is expecting Pectra to come in late 2024 or early 2025.

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    EigenLayer's Twitter Account Hacked To Promote Fake Airdrop

    On October 18, EigenLayer's X account was hacked, and attackers posted a fake airdrop campaign. This scam involved phishing links that falsely claimed to offer a reallocation of EIGEN tokens from a previous airdrop. One unfortunate victim reportedly lost $800,000. | Read More

    Worldcoin Rebrands as 'World', Introduces 'World Chain'

    Worldcoin has rebranded to "World" and the launch of a new blockchain network called "World Chain." World Chain is a new Ethereum Layer-2 blockchain designed to improve efficiency and functionality for World’s 15 million verified users. | Read More

    Institutional Investors Flock to Ethereum Staking

    In recent developments, a significant number of institutional investors have shown a growing interest in Ethereum staking. According to a report by Blockworks Research, nearly 70% of these investors are actively participating in staking activities. 52.6% of institutional investors hold LSTs. | Read More

    Creator of $20M Fake Coinbase Scam Sentenced To 60 Months

    Tomar, an Indian national, has been sentenced to 60 months in prison for orchestrating a $20 million fake Coinbase scam. His team’s website mimicked the Coinbase Pro and was able to deceive Coinbase users and drain their accounts. | Read More

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    ]]>    <![CDATA[617 million crypto holders worldwide]]>https://dailydigest.coinfeeds.io/p/617-million-crypto-holders-worldwidehttps://dailydigest.coinfeeds.io/p/617-million-crypto-holders-worldwideThu, 17 Oct 2024 16:24:09 GMT

  • a16z crypto has once again released its yearly State of Crypto Report where they outline the most important findings in the space.

  • The key takeaways are: crypto activity is at an all-time high (617 million holders globally), DeFi is growing, stablecoins have found PMF, chains have been scaled, new features and methodologies unlocked.

  • As of last month, 220M addresses interacted with a chain at least once (3x last year's) - growth that largely comes from Solana interest.

  • The top chains by developer interest are Ethereum (20%), Solana (11.2%), Base (10.7%), and Polygon (7.9%).

    • Builder Interest By Blockchain - Andreessen Horowitz

    • Mobile wallet use is breaking records in Nigeria, India, Argentina.

    • However, only 5-10% of the 617M holders are active monthly users.

    • The report also goes into the impacts of crypto on swing states, AI, traditional ETF markets, increasing regulatory clarity, stablecoins, prediction markets, and infrastructure.

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    94% of Asian Private Wealth Invests or Considers Cryptocurrency - Aspen Digital Report

    A recent report by Aspen Digital highlights a trend among Asian private wealth investors: a growing interest in cryptoc. The report reveals that 94% of these investors are either already investing in or considering digital assets. This trend is evident among family offices and high-net-worth individuals. | Read More

    Coinbase Shares Up 27% In October

    In October, Coinbase shares experienced a remarkable 27% increase, rising from $165 to $210. This surge is closely linked to the performance of Bitcoin, which rallied to $68,000, nearing its all-time high. Coinbase is, often viewed as a proxy for the crypto market. | Read More

    Radiant Capital Loses $50M in Second Major Hack This Year

    The lending protocol recently saw a significant hack, resulting in a $50 million loss. This is the second major attack on the platform in 2024, and was was caused by a compromise of private keys. The exploit involved the 'transferFrom' function, which enabled the draining of tokens. Chainalysis is investigating. | Read More

    Top Ethereum Stakers Control 48% of Staked ETH, Raising Centralization Concerns

    Recent reports have highlighted a significant concentration of staked ETH among a small number of entities. According to data from Flipside, the top 10 stakers control nearly 48% of all staked ETH. This level of centralization is considered potentially unhealthy for the network. | Read More

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    ]]>    <![CDATA[TikTok - a crypto exchange?]]>https://dailydigest.coinfeeds.io/p/tiktok-a-crypto-exchangehttps://dailydigest.coinfeeds.io/p/tiktok-a-crypto-exchangeWed, 16 Oct 2024 15:09:44 GMT

  • TikTok has been accused of operating as a crypto exchange in the UK due to its virtual currency system.

  • TikTok Coins can be purchased with fiat. Virtual gifts can be bought with these coins, which can then be converted by creators into Diamonds, which can then be exchanged back to fiat.

  • An anonymous 'compliance expert' said in a letter to the FCA that this is effectively the exchange of virtual assets to fiat.

  • TikTok is not registered with the FCA as an exchange or money service business.

  • The allegations aren't limited to the UK. TikTok has been referred to Australia's AML authority, and accused of money laundering, among other things, in Utah.

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    Coinbase's Base Tops Ethereum Layer 2 Chains

    Base has quickly become the top Ethereum Layer 2 chain by TVL, surpassing competitors like Arbitrum. Base's TVL has reached $2.49 billion, slightly ahead of Arbitrum's $2.41 billion, according to DefiLlama. The launch of cbBTC has attracted significant interest. | Read More

    Kraken Launches ETH Restaking On EigenLayer

    Kraken has introduced a new feature that allows users to restake their staked Ethereum using the EigenLayer protocol. This restaking feature is not available to U.S. customers. The TVL in liquid restaking tokens has surged by over 3000% this year. | Read More

    Africa Leads In Web3 Adoption

    Recent reports highlight a remarkable expansion in Africa's crypto market, which grew by an 1,200% between 2020 and 2021. This surge is not just limited to cryptocurrencies; blockchain funding in Africa increased by 1,668% from 2021 to 2022. | Read More

    Sui Foundation Denies $400M Insider SUI Token Sell-Off

    The Sui Foundation has recently been at the center of controversy following allegations of a $400 million insider sell-off of SUI tokens. Crypto analyst Light suggested that large transfers of SUI tokens to major exchanges indicated insider selling, but the foundation denied this. | Read More

    Ethereum Layer 2 Solutions Surge in October

    In October, L2s experienced a significant uptick in activity, with over 9.51 million active wallets. This growth was primarily driven by the adoption of Base and increased activity on platforms like Aerodrome. The renewed interest in meme tokens also played a role in boosting engagement. | Read More

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    ]]>    <![CDATA[Kraken Survey: Crypto Investors Favor DCA]]>https://dailydigest.coinfeeds.io/p/kraken-survey-crypto-investors-favorhttps://dailydigest.coinfeeds.io/p/kraken-survey-crypto-investors-favorTue, 15 Oct 2024 16:41:50 GMT

  • According to Kraken's October survey, dollar-cost averaging has become a very popular investment strategy that the majority of users employ.

  • The survey of 1,109 investors shows that 83.52% have used DCA, and 59% are using it as their primary investment strategy.

  • 18 to 29 year-olds tend to try timing the market and are more risk-hungry. The same trend follows those making less than $100,000.

  • Those who make more than $100,000 tend to stick to their plans and be more confident about their trades. 63% of these users feel "very strongly" about their resilience.

  • 46.13% of people trust in DCA as a hedge against volatility.

  • People making less than $50,000 believe that DCA can remove emotions from trading decisions.

  • See the full report here.

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    Bitcoin, Ethereum Price Charts Disappear From Google Search

    The price charts for Bitcoin and Ethereum have disappeared from the search results. Google has not provided an official explanation for this change, and while these charts have been removed, the price chart for Dogecoin remains visible. ENS features also still seem to be active. | Read More

    Aerodrome Finance Dominates Base with 90% Market Share

    By capturing 90% of the trading volume through its innovative Slipstream pools, Aerodrome has significantly outperformed its Uniswap V3, which holds only 10% of the market share. A key factor in Aerodrome's success is its reward system, where the platform distributes 100% of swap fees to incentivized veAERO voters. | Read More

    Tether Explores Lending Billions to Commodity Traders

    Tether Holdings Ltd is considering lending its substantial financial resources to international commodities traders. This initiative aims to bypass traditional banking hurdles, offering a fresh source of credit to businesses that often face challenges in securing funding through conventional means. | Read More

    Deutsche Bank To Provide FX Services For Crypto Firm Keyrock

    Deutsche Bank will offer Keyrock multi-currency accounts and foreign exchange services. These services are crucial for Keyrock as they engage in market-making and over-the-counter operations in the crypto space. Keyrock will be able to manage its currency needs more efficiently. | Read More

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    ]]>    <![CDATA[Stripe Brings Back Crypto Payments]]>https://dailydigest.coinfeeds.io/p/stripe-brings-back-crypto-paymentshttps://dailydigest.coinfeeds.io/p/stripe-brings-back-crypto-paymentsMon, 14 Oct 2024 15:57:23 GMT

  • Stripe is fully reintroducing cryptocurrency operations on its platform, primarily with USDC support for businesses, after a hiatus of nearly 10 years.

  • A Stripe representative shared that stablecoins can be accepted from over 150 countries, USDC can be paid via Ethereum, Solana, and Polygon.

  • Thousands of US businesses will be able to access Stripe's "Pay with Crypto" system that works with Stripe Checkout, Elements, and Payment Intents API.

  • Currently, there's a 1.5% transaction fee, $10k per-transaction limit, and $100k per-month limit.

  • In addition, Stripe has integrated with Avalanche for retail access to the blockchain ecosystem, and Ava Labs' wallet Core is set to use Stripe's on-ramp services.

  • Stripe began supporting Bitcoin in 2014 but stopped after concerns over volatility, speed, fees, and other bottlenecks.

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    Millennials Drive $84 Trillion Wealth Transfer to Crypto

    Over the next decade, a $84 trillion wealth transfer is expected as older generations pass on their assets to younger ones. A recent survey by Charles Schwab highlights that millennials are increasingly prioritizing crypto. According to the survey, 62% of millennials plan to invest in crypto, with Bitcoin being a popular choice. | Read More

    Arkham Intelligence To Launch Crypto Derivatives Exchange

    Sam Altman-backed Arkham Intelligence, a crypto analytics platform, is to launch its own crypto derivatives exchange. It is set to begin operations next month and aims to compete with major players like Binance. The exchange will be based in the Dominican Republic, operating under a free-trade zone license. | Read More

    Fairdesk Crypto Exchange To Shut Down

    Fairdesk, a crypto exchange based in Singapore, has announced its permanent closure by November 30, 2024. Users will only be able to withdraw their funds from October 17 until the end of November. The decision to shut down stems from both market dynamics and regulatory pressures. | Read More

    Scroll's Airdrop Sparks Centralization Debate

    Scroll announced that 5.5% of its total token supply would be allocated to the Binance Launchpool, with 15% reserved for airdrops. However, only 7% of the airdrops will be distributed on October 22. This disappointed farmers following Scroll’s long road to listing and launch. | Read More

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    ]]>    <![CDATA[Uniswap debuts Unichain Layer 2]]>https://dailydigest.coinfeeds.io/p/uniswap-debuts-unichain-layer-2https://dailydigest.coinfeeds.io/p/uniswap-debuts-unichain-layer-2Fri, 11 Oct 2024 17:47:35 GMT

  • Uniswap Labs announced yesterday its own layer 2 network Unichain that aims to bring cheaper and faster transactions and improve liquidity.

  • Unichain is a decentralized Optimism Superchain L2 created through a partnership with OP Labs and will work to create native interoperability (single-block cross-chain message-passing).

  • One of the core challenges of Unichain will be to improve the scalability of Ethereum itself via modularity and create a builder and validation network.

  • The company's CEO said that Unichain is set to deliver similar speed and cost savings to existing L2s, but with better liquidity access and decentralization.

  • Uniswap has processed $2.4 trillion in volume over the past 6 years and scaled to millions of users.

  • The testnet of Unichain went live October 10.

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    Ripple Files Cross-Appeal in SEC Legal Battle

    Ripple Labs Inc. has filed a cross-appeal in its ongoing legal battle with the SEC. It aims to preserve Ripple's arguments and counter the SEC's previous appeal. The SEC had appealed a court ruling that determined XRP is not considered a security when sold to institutional buyers. | Read More

    Fidelity Data Breach Affects 77,000 Customers

    Fidelity recently experienced a data breach that affected over 77,000 customers. It represents only a small fraction of Fidelity's vast customer base of 51.5 million. The breach occurred between August 17 and 19, 2024, and attackers accessed personal information, but no customer accounts were compromised. | Read More

    Nearly 50% of U.S. Investors Planning to Buy Crypto ETFs - Charles Schwab

    According to the Charles Schwab survey, nearly 50% of U.S. investors are planning to invest in crypto ETFs. This marks an increase from the previous year, where 38% of investors expressed interest. Millennials are leading the charge, with 62% planning to invest in these digital assets, while other generations show less interest. | Read More

    AI Deepfake Tool ProKYC Threatens Crypto Security

    Recent reports have highlighted a new AI-powered deepfake tool called ProKYC, which is being used by cybercriminals to bypass KYC measures on crypto exchanges and financial platforms. ProKYC is designed to create fake identities and deepfake videos that can pass facial recognition checks. | Read More

    IRS Faces Lawsuit Over Crypto Staking Tax Rules

    The Jarretts, a couple involved in crypto staking, have once again filed a lawsuit against the IRS. They argue that the current tax treatment is unfair and does not align with the nature of staking rewards. | Read More

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    ]]>    <![CDATA[FBI Creates Token To Catch Fraud]]>https://dailydigest.coinfeeds.io/p/fbi-creates-token-to-catch-fraudhttps://dailydigest.coinfeeds.io/p/fbi-creates-token-to-catch-fraudThu, 10 Oct 2024 15:28:31 GMT

  • The FBI has charged 14 individuals and 4 companies for market manipulation and 'wash trading', having seized $25 million.

  • The DOJ said that authorities even created a fake token to catch the criminals.

  • Charges were announced against companies MyTrade, CLS Global, ZM Quant, and Gotbit. They allegedly wash-traded tokens to inflate prices in pump and dump schemes. Feds have also targeted another company called Saitama.

  • The FBI's fake token is called NexFundAI, checking all the hype boxes in branding, and was part of the "Operation Token Mirrors".

  • The SEC also alleged in separate charges that Gotbit was manipulating markets by generating fake trading volume.

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    AI dApps Drive 70% Surge in Blockchain Activity

    AI-related dApps, such as Data Intelligence Network and Alaya AI, played a pivotal role in boosting blockchain activity. These applications alone accounted for 4.3 million daily UAWs, reflecting a 71% growth. Meanwhile, the social dApp sector captured 19% of the overall activity, with platforms like CARV leading the way. | Read More

    Argentina Surpasses Brazil In Cryptocurrency Use In Latin America

    Argentina has recently emerged as the largest cryptocurrency user in Latin America, surpassing Brazil. According to Chainalysis, from June 2023 to June 2024, Argentina saw $91.1 billion in cryptocurrency transactions. In Argentina, stablecoins account for 61.8% of all crypto transactions. | Read More

    Crypto Swiping Malware Infects 28K Users, Steals Just $6K

    The malware disguised itself as legitimate software, making it difficult for users to detect. It spread through fraudulent GitHub pages and YouTube links, tricking users into downloading it. Having infected 28,000 devices, it only managed to steal $6,000. | Read More

    South Korea Allows Division of Crypto in Divorce Settlements

    South Korean law now recognizes both tangible and intangible assets, including cryptocurrencies, as marital property. This means that during a divorce, couples can divide these digital assets just like any other property. The legal foundation for this change is rooted in Article 839-2 of the Korean Civil Act. | Read More

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    ]]>    <![CDATA[HBO's Bitcoin Documentary]]>https://dailydigest.coinfeeds.io/p/hbos-bitcoin-documentaryhttps://dailydigest.coinfeeds.io/p/hbos-bitcoin-documentaryWed, 09 Oct 2024 16:23:18 GMT

  • An HBO documentary called Money Electric: The Bitcoin Mystery, released on October 8, tried to uncover the identity of Satoshi Nakamoto.

  • Prior to the release, people speculated on and social media and Polymarket about which of the notable people HBO would claim is Satoshi.

  • A lot of people thought it would be Len Sassaman and even tokens named after Len were launched. Peter Todd inspired tokens also launched.

  • The documentary claimed that Bitcoin Core developer Peter Todd is Satoshi, but Todd himself denied that and called the claims ‘ludicrous’.

  • According to CoinTelegraph, HBO got several points wrong, including Todd's BitcoinTalk forum post interpretation, Todd's own sarcastic comments, and Todd's contributions.

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    Crypto.com Sues SEC Over Regulatory Overreach

    Crypto.com, a major cryptocurrency exchange, has taken legal action against the U.S. SEC. This move follows a Wells Notice from the SEC, which is a warning of potential legal action. The exchange is challenging what it sees as the SEC's overreach in regulating the crypto industry. | Read More

    User Pays $700K Fee for Single Ethereum Transaction

    A crypto user recently paid a staggering $700,000 in transaction fees for a single Ethereum transaction. Some speculate that the hefty fee might have been a move to boost validator income, others believe it was a costly mistake. A white hat hacker has stepped in and helped recover 96 ETH. | Read More

    Chipper Cash Partners with Stellar and MoneyGram For Cash In/Cash Out Services

    The partnership between Chipper Cash, Stellar, and MoneyGram focuses on improving financial access and inclusion. By leveraging MoneyGram's extensive global network and Stellar's advanced technology, Chipper Cash users can now perform real-time transactions with ease. | Read More

    EigenLayer's Token Debuts on CoinW Exchange

    CoinW, a cryptocurrency trading platform, has announced the listing of EIGEN, EigenLayer’s native token, in its DeFi Zone. Trading for the EIGEN/USDT pair has begun on October 1, 2024. Over the past week, whale transactions amounted to $1.7 billion. | Read More

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    ]]>    <![CDATA[$2.68 Billion Exits Crypto Exchanges ]]>https://dailydigest.coinfeeds.io/p/268-billion-exits-crypto-exchangeshttps://dailydigest.coinfeeds.io/p/268-billion-exits-crypto-exchangesTue, 08 Oct 2024 16:14:48 GMTCrypto exchanges saw capital outflows totaling $2.86 billion over the past month, with stablecoins leading.

    According to Defillama's CEX transparency dashboard, 9 out of 10 monitored exchanges had negative inflows.

    Nansen's data shows stablecoin balance has declined from $38.5 billion to $35 billion. This could signal that investors aren't adding to their portfolios.

    BlackRock's Bitcoin ETF has had 256 Bitcoin withdrawn, according to CryptoQuant.

    While stablecoin outflows and Bitcoin balances declining in ETFs tell that October might not show significant gains, analysts seem to think Q4 will be positive for Bitcoin.

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    Supreme Court Clears US Sale of Seized Silk Road Bitcoin

    The recent decision by the US Supreme Court has paved the way for the sale of a massive amount of Bitcoin seized from the infamous Silk Road marketplace. In 2013, the US government seized 69,370 Bitcoin from the marketplace, which is now valued at approximately $4.4 billion. | Read More

    FTX Creditors to Receive Major Refunds in New Plan

    The United States court has given the green light to FTX's restructuring plan, which aims to distribute between $14.7 billion and $16.5 billion to creditors. This plan has garnered support from 94% of the creditors, covering 98% of those affected. Customers are expected to recover about 119% of their account value. | Read More

    ZachXBT Recovers $275K Stolen From Elderly Victim

    Recently, an elderly U.S. citizen fell victim to a sophisticated scam where fraudsters posed as Coinbase support. They tricked the victim into transferring 15 Bitcoin. ZachXBT played a crucial role in recovering the stolen funds. His investigation revealed that the scammers laundered the money. | Read More

    Hong Kong To License More Crypto Exchanges By EOY

    The Securities Futures Commission (SFC) has announced plans to grant licenses to 11 VATPs by the end of the year. Currently, 16 companies are awaiting decisions on their licensing applications. The comes in the wake of a $165 million scandal involving the JPEX exchange. | Read More

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    ]]>    <![CDATA[Ethereum's EIP-7781 Could Increase Throughput By 50%]]>https://dailydigest.coinfeeds.io/p/ethereums-eip-7781-could-increasehttps://dailydigest.coinfeeds.io/p/ethereums-eip-7781-could-increaseMon, 07 Oct 2024 16:26:14 GMT

  • Ethereum has a new improvement proposal EIP-7781 that would cut block times by 33% from 12 to 8 seconds for data capacity, and increase network throughput by 50%.

  • Another goal of this proposal is to distribute bandwith usage over time.

  • The proposal was approved by Ethereum Foundation researcher Justin Drake on GitHub.

  • The researcher noted that this would make DEXs like Uniswap v3 1.22 more efficient and save $100 million per year in CEX-DEX arbitrage.

  • Other Ethereum developers said that block time reduction could make solo staking more difficult, where stakers would need more powerful hardware.

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    Malicious PyPI Packages Target Crypto Wallets

    Recently, hackers have targeted the Python Package Index by uploading malicious packages that mimic legitimate tools used for managing cryptocurrency wallets. "AtomicDecoderss" and "TrustDecoderss," are designed to steal sensitive information like private keys and mnemonic phrases. | Read More

    Mark Cuban Calls Memecoins Rug Pulls, Still Likes Dogecoin

    Mark Cuban, known for his involvement with Dogecoin, has criticized meme coins, calling them potential "rug pulls." Despite these warnings, Cuban acknowledges the fun and community aspect of Dogecoin, but notes that while Dogecoin can be used for payments, he has never promoted it as a great investment. | Read More

    Indian Govt. Probes WazirX's $234M Crypto Hack

    The Indian exchange WazirX is facing scrutiny from government officials after a significant security breach. The July 18 hack resulted in a loss of $234M. The investigation is being led by several key Indian agencies, including the FUI, the Intelligence Bureau, and the CERT-In. | Read More

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    ]]>    <![CDATA[SEC Appeals Verdict in Ripple Case]]>https://dailydigest.coinfeeds.io/p/sec-appeals-verdict-in-ripple-casehttps://dailydigest.coinfeeds.io/p/sec-appeals-verdict-in-ripple-caseThu, 03 Oct 2024 16:00:32 GMT

  • The SEC announced their appeal of a federal judge's ruling in its Ripple securities case.

  • The Notice of Appeal was filed by the SEC less than 2 months after the judge ruled in the 4-year-old case against Ripple.

  • It was ruled in July '23 that Ripple violated federal securities law through institutional XRP sales but didn't through programmatic retail exchange sales.

  • In August, a judge imposed a $125M fine against Ripple. The SEC had requested a fine of around $2B.

  • Ripple’s CEO tweeted, saying that the SEC lost on everything what matters and called XRP's non-security status "the law of the land".

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    Telegram Admits to Disclosing User Data Since 2018

    Telegram has been sharing user data with law enforcement since 2018. This includes sensitive information such as IP addresses and phone numbers. The company's CEO, Pavel Durov, recently confirmed this practice. | Read More

    Cash Still Dominates Crime Despite Crypto Popularity

    According to the Crypto Information Sharing and Analysis Center (CryptoISAC), cash is still the dominant medium for illicit transactions. Despite the perception that cryptocurrency facilitates illegal activities, the reality is quite different. In 2023, only 0.34% of crypto transactions were flagged as illicit. | Read More

    Binance Gains Regulatory Approval in Argentina

    Binance has secured full regulatory approval to operate in Argentina. This marks the company's 20th global approval, allowing it to offer a complete suite of services in the country. Binance can now provide its mobile and online platforms to Argentine users. | Read More

    Stablecoins Surge in Sub-Saharan Africa's Crypto Economy

    The popularity of stablecoins in Sub-Saharan Africa can be attributed to several factors. Local currencies in the region often experience significant fluctuations, and access to USD is limited in many parts of the region. Stablecoins like USDT and USDC provide an alternative. | Read More

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    ]]>    <![CDATA[80% of crypto startups from '22 still kicking]]>https://dailydigest.coinfeeds.io/p/80-of-crypto-startups-from-22-stillhttps://dailydigest.coinfeeds.io/p/80-of-crypto-startups-from-22-stillWed, 02 Oct 2024 16:12:50 GMT

  • According to an October 1 report from Lattice Fund on crypto startup fundraising, more than 80% of early-stage startups that raised in 2022 are still active despite the major firm collapses.

  • The report states that over 1,200 startups raised a total of $5B in 2022 of which 76% launched a mainnet product. 18.5% are inactive or have been shut down.

    • EigenLayer did the best, having introduced a multibillion-dollar product by 2023. However, just 1.5% of the startups found a "product market fit" and 12% raised more since.

    Source: Lattice Fund

    • Lattice's report says that the most successful sectors have been Infrastructure and CeFi, and the highest failure rates are in Gaming and Metaverse.

    • Regan Bozman, co-founder of Lattice, said on twitter that narrative-chasing can get people rekt.

    • While Ethereum has been the preferred L1, Bitcoin projects appear to be more resilient.

    We have our own early-stage crypto startup database and an associated newsletter.

    Read More

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    COPA and Unified Patents Launch 'Blockchain Zone' To Fight Off Patent Trolls

    The Cryptocurrency Open Patent Alliance (COPA) has teamed up with Unified Patents to launch an initiative called the "Blockchain Zone." This collaboration aims to combat the growing threat of patent trolls in the blockchain industry. COPA is a crypto advocacy group dedicated to keeping blockchain tech open. | Read More

    Fidelity Ethereum ETF Sees Record $25M Outflow

    On October 1, the Fidelity Ethereum Fund (FETH) experienced significant investment outflows, totaling over $25 million. This marked the largest single-day outflow for U.S.-based spot Ether ETFs, excluding the Grayscale Ethereum Trust (ETHE). | Read More

    EigenLayer’s EIGEN Token Unlocks

    The EIGEN token was officially unlocked on October 1st, marking its debut in the trading and staking markets. Initially priced at $4.05, the token's FDV stands at $6.8B. With a market cap of $727.14M, EIGEN's initial circulating supply is set at 186.58M, out of a total maximum supply of 1.68B tokens. | Read More

    Indiana Hacker Pleads Guilty to $37M Crypto Theft

    Evan Frederick Light, a hacker from Indiana, has pleaded guilty to a significant hack involving the theft of over $37 million in cryptocurrency. This crime affected nearly 600 victims and took place between 2021 and May 2023. He accessed an investment firm's servers to steal user info and crypto. | Read More

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    ]]>    <![CDATA[Ohio Senator Proposes Bill For Paying Taxes With Crypto]]>https://dailydigest.coinfeeds.io/p/ohio-senator-proposes-bill-for-payinghttps://dailydigest.coinfeeds.io/p/ohio-senator-proposes-bill-for-payingTue, 01 Oct 2024 15:37:42 GMT

  • Ohio is again considering to accept crypto for tax payments following Senator Niraj Antani's introduction of a new bill to legalize digital asset use for state and local taxes and fees.

  • In November 2018, Ohio became the first state to allow crypto for tax payments, but this stopped in 2019 when Attorney General ruled that the State Board of Deposits must approve this.

  • CBDCs are excluded, and there's another bill protecting the crypto mining industry.

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    Japan Eyes Crypto ETFs and Tax Cuts in Regulatory Overhaul

    One of the most exciting possibilities from this regulatory review is the introduction of cryptocurrency ETFs. Another significant change under consideration is the reduction of taxes on cryptocurrency gains. Currently, crypto gains in Japan can be taxed as high as 55%. | Read More

    Robinhood Launches Crypto Transfers in Europe

    Robinhood, a popular US trading app, has introduced a new feature for its European customers: crypto transfers. This allows users to deposit and withdraw cryptocurrencies such as Bitcoin and Ethereum using external platforms. | Read More

    World Mobile Launches Blockchain on Base

    World Mobile's integration with Base involves connecting its Layer 3 blockchain with Base's Ethereum-based Layer 2. In simple terms, this means they are using advanced blockchain technology to create a more efficient and scalable network. | Read More

    $120 Million Lost to Crypto Hacks in September

    Among the most impacted were centralized exchanges such as BingX and Indodax. BingX experienced the largest single loss, with over $40 million stolen, while Indodax reported losses exceeding $21 million. DeFi protocols were not spared, with Penpie losing $27 million due to exploits. | Read More

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    ]]>    <![CDATA[iShares Ethereum ETF Surpasses $1B In Total Value]]>https://dailydigest.coinfeeds.io/p/ishares-ethereum-etf-surpasses-1bhttps://dailydigest.coinfeeds.io/p/ishares-ethereum-etf-surpasses-1bMon, 30 Sep 2024 14:19:46 GMT

  • BlackRock's iShares spot Ethereum ETF has surpassed $1 billion in total asset value in just 2 months, according to Sosovalue.

  • ETF Store President Nate Geraci said that this puts BlackRock's ETF in the top 20% of the 3,700 ETFs in the US.

  • Last week's market rally brought Bitcoin ETFs $1.11 billion in inflows, and Ethereum ETFs - $84.6 million.

  • BlackRock also keeps buying Bitcoin, and its current ~363,626 BTC holdings are nearing those of Binance's 550,000 BTC.

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    Taiwan Opens Foreign Crypto ETFs to Professional Investors

    Taiwan's Financial Supervisory Commission has taken a significant step in the realm of digital asset investments by allowing professional investors to engage with foreign crypto ETFs. The new regulations include mandatory anti-money laundering compliance and the imposition of a 5% VAT on transactions. | Read More

    $3.42B In Token Unlocks Expected In October

    In October, the cryptocurrency market is set to experience significant changes as a total of $3.42 billion in token unlocks are scheduled. This includes major projects such as Sui, Aptos, and Celestia, which will release a substantial number of tokens. | Read More

    Solana's User Numbers Questioned Amid Bot Activity Claims

    In recent discussions, the authenticity of Solana's reported daily active user numbers has come under scrutiny. Research from Flip Research suggests that Solana has surpassed Ethereum in several metrics, but it might be largely due to bot activity. Some suggest that bots might be greatly inflating the daily active user count. | Read More

    FTX's Bankruptcy Plan Sparks Shareholder Controversy

    FTX plans to set aside up to $230 million for certain shareholders, rather than creditors, from government forfeiture proceeds. This last-minute change has caught many creditors off guard, as they had already voted on the reorganization plan in August. | Read More

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    ]]>    <![CDATA[Over 90% of BTC holders in profit]]>https://dailydigest.coinfeeds.io/p/over-90-of-btc-holders-in-profithttps://dailydigest.coinfeeds.io/p/over-90-of-btc-holders-in-profitFri, 27 Sep 2024 16:50:19 GMT

  • Bitcoin has surged past and sustained the price level of over $65k, dragging most of the crypto market up with it.

  • According to IntoTheBlock, the surge puts 90% of Bitcoin holders in profit. Earlier today, the percentage was around 94%.

  • The notable increase in cryptocurrency prices can be attributed to macro trends like the US economy having grown 3%, decrease in jobless claims, and China's announcement of stimulus measures.

  • Interest in Bitcoin ETFs has also surged, with a $242 million inflow over a couple of days.

  • These profitability levels were last seen in July. However, whales have just recently offloaded around $1.28 billion of Bitcoin.

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    First Mobile Crypto Drainer Found on Google Play

    Security researchers have uncovered a new type of malware on Google Play, marking the first instance of a mobile crypto drainer. This malicious software was hidden within an app called WalletConnect, which deceptively mimicked a legitimate Web3 protocol. | Read More

    Bedrock Faces $2M Exploit in Liquid Staking Breach

    Bedrock, a multi-asset liquid staking protocol, recently faced a significant security breach resulting in a $2 million exploit. This involved uniBTC, causing concern among users. Bedrock has assured its users that the remaining funds are safe and is working on recovery. | Read More

    Travala Integrates Solana for Crypto Travel Payments

    Travala, a leading crypto-based travel agency, has recently integrated Solana into its payment system. This move allows users to book travel using SOL and stablecoins like USDT and USDC. The aims to provide faster, fee-free transactions, enhancing the overall experience. | Read More

    Coinbase's Base Surpasses $2B in Total Value Locked

    Base has achieved a milestone by surpassing $2 billion in TVL. This marks a 370% increase since the beginning of the year, showcasing robust growth and user engagement. Since its launch in August 2023, Base has climbed the ranks to become the 2nd-largest optimistic rollup. | Read More

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    ]]>    <![CDATA[PayPal enables crypto for 30M U.S. merchants]]>https://dailydigest.coinfeeds.io/p/paypal-enables-crypto-for-30m-ushttps://dailydigest.coinfeeds.io/p/paypal-enables-crypto-for-30m-usThu, 26 Sep 2024 14:55:50 GMT

  • PayPal announced yesterday that it is bringing cryptocurrency to its U.S. Business Accounts, with buying, selling, holding functionality.

  • An estimated 30 million merchants in the US will be able to access this, and interact with eligible third party wallets.

  • The crypto feature in Business Accounts won't be available in New York State at launch.

  • PayPal's Senior VP of blockchain matters noted that business owners have the same desires for cryptocurrency features as consumers, and that PayPal is simply meeting this demand.

  • Retail users have been able to do crypto operations on PayPal and Venmo for several years now. Last year, the PayPal's US dollar stablecoin PYUSD was launched and soon reached a $1B market cap.

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    South Korea Fines Worldcoin for Data Privacy Violations

    The South Korean Personal Information Protection Commission found that Worldcoin and TFH violated the Personal Information Protection Act. The companies collected and transferred iris data from South Korean users without obtaining proper consent. | Read More

    Shiba Inu Hints At SHI Stablecoin Launch

    SHI is designed to be a stable, decentralized currency. Unlike other cryptocurrencies that can be highly volatile, stablecoins like SHI aim to maintain a steady value. The initial plan is for SHI to be pegged at $0.01. However, the exact mechanism for maintaining this peg is still under discussion. | Read More

    Dubai Sets New Crypto Marketing Rules

    Dubai's Virtual Asset Regulatory Authority has announced new regulations for crypto marketing, which will take effect on October 1. VARA CEO Matthew White highlighted the importance of these regulations in fostering trust and transparency within the crypto sector. | Read More

    FTX Estate Continues to Find Millions Two Years Later

    Nearly two years after the collapse of FTX, the estate is still actively working to recover funds that were mismanaged by the previous administration. This month alone, over $10 million has been recovered from various protocols, including Clearpool and Sushiswap. | Read More

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