A court in South Korea issued an arrest warrant for Do Kwon, the founder of the Terraform Labs, and five others.

https://www.bloomberg.com/news/articles/2022-09-14/south-korea-seeks-the-arrest-of-terraform-labs-founder-do-kwon

Crypto options trading startup Synquote closed a $2.8 million seed funding round.

Initialized Capital led the round.

Coinbase Ventures, CMT Digital, Polygon, and Ryan Selkis of Messari also participated in the round.

https://www.coindesk.com/business/2022/09/13/crypto-options-trading-startup-synquote-raises-28m-from-initialized-polygon/

Here is our Crypto Market Daily Review.

- The market is down today. Bitcoin is trading at $20.2K.

Dropstab.com

Crypto Daily News.

Today's highlights:
- SWIFT is testing blockchain and smart contracts
- Schwab, Citadel Securities, Fidelity, Paradigm, Sequoia Capital are launching a digital asset exchange
- Trust Wallet added support for Solana dApps

Have a nice day! ☀️

Huobi Global signed an agreement with the city of Busan to help foster blockchain industry growth.

https://twitter.com/huobiglobal/status/1569967543531761665

BNB Chain is partnering with Google Cloud, aiming to support the growth of early-stage Web3 and blockchain startups.

https://www.coindesk.com/business/2022/09/14/bnb-chain-and-google-cloud-work-together-to-advance-the-growth-of-web3-and-blockchain-projects/

Two Sigma Ventures, a venture firm focused on early-stage companies, has raised $400 million across its two funds.

Two Sigma Ventures invests in early-stage crypto and DeFi firms, as well as other startups that use data and technology for social advancement.

https://www.theblock.co/post/170033/two-sigma-ventures-raises-400-million-across-two-funds

Current state of the market in our weekly overview.

Data from: dropstab.com

Cryptocurrency exchange FTX is raising capital in parallel with a potential acquisition, according to a person familiar with the matter.

https://www.coindesk.com/business/2022/09/14/crypto-giant-ftx-eyes-raising-money-to-fund-acquisitions-source/

Binance Futures will launch PHBBUSD perpetual contracts with up to 20x leverage on 2022-09-16 at 02:30 UTC.

https://www.binance.com/en/support/announcement/54d8d3ad281140e09c38d27491c390a5

The Ethereum Mainnet has successfully merged with the Beacon Chain proof-of-stake system.

https://www.blocknative.com/ethereum-merge-countdown

Here is our Crypto Market Daily Review.

- The market is down today. Bitcoin is trading at $20.2K.

Dropstab.com

Crypto Daily News.

Today's highlights:
- The Merge was successful and Ethereum has officially transitioned from PoW to PoS!
- Coinbase will provide users with informationon on the crypto positions held by the U.S. politicians.
- Two Sigma Ventures has raised two funds worth $400M

Have a nice day! ☀️

South Korean prosecutors have reportedly asked the country’s foreign ministry to invalidate Terraform Labs founder Do Kwon’s passport.

https://www.theblock.co/post/170338/south-korean-authorities-seek-to-invalidate-do-kwons-passport-munhwa

Binance Labs has made a strategic investment in Aptos Labs.

https://www.binance.com/en/blog/ecosystem/binance-labs-boosts-strategic-investment-in-aptos-labs-to-expand-commitment-to-infrastructure-building-2732278535201777034

The NFT community has introduced OpenRarity, a new rarity calculation standard for the NFT ecosystem.

OpenRarity is an open source project led by Curio, icy.tools, Proof and OpenSea.

https://www.openrarity.dev/

Coinbase has added Illuvium (ILV) to its roadmap.

https://twitter.com/coinbaseassets/status/1570482967239073793

Crypto lending firm Celsius Network has asked the court for authorization to sell its stablecoin holdings.

Celsius currently owns 11 forms of stablecoins totalling approximately $23 million.

https://www.coindesk.com/business/2022/09/16/crypto-lending-compmany-celsius-files-for-permission-to-sell-its-stablecoin-holdings/

Here is our Crypto Market Daily Review.

- The market is down today. Market cap is below $1T, Bitcoin is trading at $19.7K.

Dropstab.com

Crypto Daily News.

Today's highlights:
- The hash rate of Ethereum Classic increases by 280% in a single day after the Merge.
- Binance has revealed a strategic investment in Aptos Labs.
- Goldman Sachs backs data startup Fortanix in $90 Million round

Have a nice day! ☀️

Elrond has announced that Runtime Verification have extended their commitment towards the Elrond Ecosystem by becoming staking providers, offering non-custodial EGLD delegation services and further contributing to the network’s security and decentralization.

https://elrond.com/blog/elrond-staking-services-runtime-verification/