Changpeng Zhao Released From Prison

️ On today's Top Picks:

Crypto News

• ⭐️ Former Binance CEO Changpeng Zhao released from prison; served 119 days & released two days early due to weekend policy.

• Nic Carter alleges Biden administration deliberately destroyed Silvergate Bank to debank crypto.

• ⭐️ Tornado Cash Dev Roman Storm’s criminal case to proceed to trial in December.

• Avalanche $AVAX launches Retro9000, an up to $40m retroactive grant program.

• Ethena $ENA to launch new stablecoin $UStb, backed by BlackRock’s tokenized US Treasuries fund BUIDL.

• ⭐️ US Treasury Department sanctions Cryptex & PM2BTC crypto exchanges for allegedly laundering funds from cybercrime groups.

• Tether assists US DOJ in seizing over $6m in assets linked to a crypto-confidence scheme.

• Mango Labs, Mango DAO, & Blockworks Foundation settle US SEC charges; to pay $700k in penalties.

• South Korea fines Tools For Humanity (Worldcoin $WLD) $830k for data privacy violations.

Alpha

• Tabi launches Testnet V2 Yoake with Grand Carnival campaign.

• 0x (Matcha) adds support for Scroll; launches Matcha Scroll Trader badge on Scroll Canvas.

• Forma launches The Master of Mountains NFT mint on Highlight.

• Reya teases upcoming announcement; "...less than a week away now."

• Union introduces its Roadmap to Mainnet; five phases leading up to Mainnet launch.

Airdrops

• ICYMI Anzen Airdrop Strategy by Earndrop.

• ICYMI Allora Network by Earndrop.

• ICYMI EigenLayer reopens social verification for $EIGEN Community Stakedrop.

• ICYMI WalletConnect opens registration for Connect Token $WCT Airdrop.

• ICYMI Grass Foundation reminds users to connect their Solana wallet before September 30th.

Finance News

• US SEC Chairman Gary Gensler says Bitcoin is NOT a security in interview on CNBC.

• Bitdeer $BTDR & TSMC to launch new mining chip after successful test.

• HUT 8 $HUT launches GPU-as-a-Service business; partners with Hewlett Packard Enterprise & AdvizeX.

• ⭐️ China considers injecting $142b into its banks.

• Citigroup $C & Apollo Global $APO to form a $25b program for private business loans.

• Meta $META fined €91m by the Irish DPC for storing user passwords in plaintext.

Security and Exploits

• Crypto losses due to hacks & scams slides to $413m in Q3 2024; 28% decrease from Q2 2024 & 40% decrease from Q3 2023.

• WazirX granted 4-month moratorium to restructure its liabilities after $230m hack.

• Onyx exploited for ~$3.8m due to known precision issue in forked CompoundV2 code base.

• Bedrock exploited for ~$2m due to mistake in mint function.

Token Unlocks

• Galxe / 416.67k $GAL / ~$1m / SEP 24
• Venom / 235.36m $VENOM / ~$24m / SEP 25
• Yield Guild Games / 14.08m $YGG / ~$7m / SEP 27
• SingularityNET / 8.19m $AGIX / ~$6m / SEP 28
• Artificial Superintelligence Alliance / 3.55m $FET / ~$6m / SEP 28
• Ethena / 14.89m $ENA / ~$5m / SEP 29
• Optimism / 31.34m $OP / ~$55m / SEP 30
• Manta Network / 1.87m $MANTA / ~$2m / SEP 30
• dYdX / 8.33m $DYDX / ~$9m / OCT 01
• Maverick Protocol / 36.4m $MAC / ~$9m / OCT 01
⭐️• Sui / 64.19m $SUI / ~$106m / OCT 01
• Galxe / 2m $GAL / ~$5m / OCT 01

Funding

• Mawari raises $10.8m in Strategic funding led by Anfield, Borderless Capital, & 1kx.

• Mind Network raises $10m in Pre-Series A funding.

• AminoChain raises $5m in Seed funding led by a16z crypto.

• MeshMap raises $4m in funding.

• Initia raises $2.5m in Community funding via Echo.

• Privasea raises an undisclosed amount in funding from Oasis Labs.

The Degen Farmer