SEC Sets Deadline For Final Bitcoin ETF Updates
CZ's Wealth Grew By ~$25B in 2023, Thunder Terminal Hacked For 86.5 ETH, Binance Launches Gaming Platform
Welcome to Coinfeeds Daily Digest and happy holidays! Firms like Grayscale and ARK Invest are rushing to submit final updates to Bitcoin ETF applications amid the SEC's new updates deadline of December 29 so they would be ready for a decision early in 2024. Ahead of the US decision on ETFs, Hong Kong has released its own requirements for crypto ETFs. In Binance-related news, CZ's wealth reportedly increased by $24.6 billion in 2023 despite the platform’s legal troubles and change of leadership, and Binance is rolling out a new AI-driven web3 gaming platform called Sleepless AI. Thunder Terminal, an on-chain trading platform, was hacked for $240,000, and KyberSwap's hacker who stole $46 million made a bounty offer of $4.6 million.
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SEC Sets December 29 As Bitcoin ETFs Deadline, Firms Rush With Last-Minute Corrections
As the year draws to a close, the SEC has been reaching out to firms with pending applications for spot market BTC ETFs, urging them to finalize their corrections before the new year. With a set deadline of December 29th, the SEC has made it clear that firms failing to the cut-off may miss out on the chance to be included in the first wave of approvals or denials. | Read More
Binance CZ’s Wealth Grew $24.6B in 2023 Despite Legal Troubles
Binance founder CZ, has experienced a substantial increase in wealth over the past year. According to the Bloomberg Billionaires Index, CZ's wealth has surged by nearly $25 billion in 2023, placing his estimated net worth at $37.2 billion and ranking him as the 35th richest person in the world. | Read More
Thunder Terminal Hit by $240K Hack
Thunder Terminal faced an exploit that resulted in the unauthorized withdrawal of approximately $240,000 from 114 wallets. The platform has reassured its users that the breach was contained swiftly, with the attack being stopped in under nine minutes. | Read More
Hong Kong Releases Crypto ETF Requirements Ahead of US Approval
The SFC of Hong Kong has recently issued a set of requirements for ETFs that plan to invest more than 10% of their portfolios in cryptocurrencies. This move positions Hong Kong as a forerunner in crypto ETF regulation, potentially ahead of the US, where regulators are still considering the approval of bitcoin ETFs.| Read More
Binance Launches Web3 Gaming Platform Sleepless AI
Binance has unveiled Sleepless AI, a new gaming platform that marries the realms of web3 and AI. This platform, which is the 42nd project to emerge from Binance's Launchpool, promises to revolutionize the gaming industry by offering interactive AI-driven experiences. | Read More
KyberSwap's Hacker Offers $4.6 Bounty For Return of $46M Loot
Following the hack, there was a significant user response as the total value locked (TVL) on the platform dropped by 68%. Users withdrew nearly $78 million, indicating a loss of trust and a rush to secure their assets. The hacker, aware of the platform's plight, left behind a message, presumably to open negotiations. | Read More