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πŸ”” ​​Aptos-based lending market Echelon Market raised $3.50M in a Seed funding round led by Amber Group, with participation from Laser Digital, Saison Capital, Interop Ventures, 280 Capital, Cypher Capital, Serafund, Web3Port Labs, Re7 Capital, Selini Capital, DCF God, Zaheer Ebtikar.

πŸ‘‰ https://x.com/EchelonMarket/status/1828458928058851754?t=uzl4Ig1JobAG_b-YuYT4wg&s=19
πŸ”” ​​Solana-based restaking network Solayer raised $12M in a Seed funding round led by Polychain Capital, Hack VC, with participation from Binance Labs Fund, Maelstrom, Big Brain Holdings, Nomad Capital, ABCDE Capital, Finality Capital, Road Capital, Cross-Chain Ecosystem Fund, Borderless Capital, Race Capital, Lvna Capital, Bitscale Capital.

πŸ‘‰ https://x.com/solayer_labs/status/1828493462460867033?t=Dhv4KZnp0NLYDUuycBYDUA&s=19
πŸ”” OpenSea receives Wells Notice from the SEC

➑️ OpenSea has received a Wells notice from the SEC threatening to sue because they believe NFTs on OpenSea are securities.

➑️ OpenSea is pledging $5 million to help cover legal fees for NFT creators and developers who receive a Wells notice.

πŸ‘‰ https://x.com/dfinzer/status/1828791832009953706?t=TvDYBDzHengGxP04nxvozQ&s=19
πŸ”” Hamster Kombat, one of the most popular games on Telegram, announced that it will launch its HMSTR token on TON on September 26 and airdrop it to players.

➑️ Hamster Kombat claims to have attracted 300 million players. The Iranian government even criticized the game because of its citizens' addiction.

πŸ‘‰ https://decrypt.co/246776/telegram-game-hamster-kombat-token-launch-airdrop-september
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πŸ”” Telegram CEO Pavel Durov released from police custody and taken to court.

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πŸ”” Feixiaohao, the largest simplified Chinese cryptocurrency market data website similar to coingecko, was suspected of being arrested by the Chinese police. The reason is currently unknown and the investigation has lasted for more than half a year. Many of Feixiaohao’s exchange partners said they could not contact them.

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πŸ”” El Salvador's President Nayib Bukele appeared on the cover of Time magazine, saying that the country's Bitcoin strategy is generally "net positive", but the adoption rate across the country has not met expectations. He believes that Bitcoin has brought branding, investment and tourism to El Salvador, and its positive impact outweighs the negative impact.

πŸ‘‰ Source

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πŸ”” According to Bloomberg, the number of crypto ATMs in Australia has increased rapidly, making it the fastest growing market in the world. According to Coin ATM Radar, the number of crypto ATMs in Australia has surged from 73 to nearly 1,200 in the past two years, with more than 200 new devices awaiting regulatory approval.

πŸ‘‰ https://www.bloomberg.com/news/articles/2024-08-29/australia-leads-the-world-in-bitcoin-btc-atm-growth-as-kiosks-pour-in
πŸ”” South Korea's largest crypto exchange Upbit announced that it will list USDC and support KRW, BTC, and USDT trading pairs.

πŸ‘‰ https://upbit.com/service_center/notice?id=4465
πŸ”” Donald Trump embrace of crypto is paying off, according to poll of registered voters.

πŸ‘‰ Source

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πŸ”” Elon Musk cleared in Dogecoin market manipulation lawsuit

➑️ Elon Musk and Tesla won a class action lawsuit that claimed Musk's comments manipulated the Dogecoin market and hurt investors.

➑️ DOGE, the ninth-largest cryptocurrency, dropped by 0.5% in the last 24 hours. Its market value is now $14.6 billion.

πŸ‘‰ https://www.theblock.co/post/313881/elon-musk-cleared-in-dogecoin-class-action-lawsuit?utm_source=telegram1&utm_medium=social
πŸ”” The U.S. Securities and Exchange Commission has brought charges against two brothers for running a $60 million Ponzi scheme.

πŸ‘‰ Source

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πŸ”” North Korean hackers used an unknown bug in Chrome to steal cryptocurrencies

πŸ‘‰ https://techcrunch.com/2024/08/30/north-korean-hackers-exploited-chrome-zero-day-to-steal-crypto/
πŸ”” Coinbase recently completed the first crypto transaction managed entirely by an Artificial Intelligence bot.

πŸ‘‰ Source

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πŸ”” ​​Decentralized exchange aggregator ODOS closed Series A funding round from CE Innovation Capital (CEIC), Uniswap DAO, Curved Ventures, Orbs, Mantle Network, PAKA. Amount raised is not disclosed.

πŸ‘‰ ​​https://x.com/odosprotocol/status/1829567769131770055?t=ZFi_vp1nePP4_5vlF1HeUg&s=19
πŸ”” ​​Web3 casual strategy card game Legend of Arcadia raised $4M in a Seed funding round from Animoca Brands, OKX Ventures (ex OKEx Blockdream Ventures), Arche Fund (Coin98 Ventures), Selini Capital.

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πŸ”” Yuga Labs CEO said that the Workshop team has been launched, hoping to learn from Coinbase's Base chain and focus on building innovative ApeChain products. Workshop will soon launch the first batch of products on ApeChain, and the mainnet release of ApeChain may be coming soon.

πŸ‘‰ https://x.com/CryptoGarga/status/1829549021129511075?s=19
πŸ”” Pump.fun Hits $100 Million in Revenue as Polymarket Leads Over NFTs in August

➑️ The crypto platforms Pump.fun and Polymarket have surged in popularity, each built on speculation. Pump.fun, a memecoin launchpad, hit $100 million in revenue but recently saw a dip, raising sustainability concerns. Polymarket, a prediction marketplace, continues to thrive by encouraging informed trading.

πŸ‘‰
https://www.theblock.co/post/314054/pump-fun-surpasses-100-million-in-revenue-as-polymarket-outshines-nfts-in-august
πŸ”” Binance previously announced that it has completed the Frontier (FRONT) token swap and rebranding to Self Chain (SLF).

➑️ The community criticized that the total token supply increased from 90 million to 360 million, and 1 FRONT = 1 SLF was still retained. The value held by users was diluted by 75% relative to the total supply.

πŸ‘‰ https://www.binance.com/en/support/announcement/binance-has-completed-the-frontier-front-token-swap-and-rebranding-to-self-chain-slf-65f69bc68ca64182b6df3d958f14f38e?hl=en
πŸ”” JUST IN: Amazon Prime Video X Account Possibly Hacked, Promotes $PRIME Solana Token

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