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Weekly #multiversxtech 🛠

https://x.com/ccorcov/status/1832851511971320118

🔔 Binance CEO Richard Teng confirms CZ is banned from managing or operating the exchange

➡️ Richard Teng confirmed that CZ was given a lifetime ban from managing the platform, which was a key part of the agreement between Binance and US authorities.

➡️ Teng also mentioned that despite stepping down as CEO, CZ remains Binance's largest shareholder. This allows him to still influence certain company decisions, such as proposing management changes or appointing new board members.

👉 https://www.cryptotimes.io/2024/09/06/changpeng-zhao-banned-for-life-from-binance-leadership/

🔔 USDT issuer Tether has acquired a 9.8% stake in Latin American agricultural giant Adecoagro for $100 million to diversify its investments into the agriculture and food sectors.

➡️ Adecoagro is a major milk producer in Argentina and manages more than 193,000 hectares of sugarcane crops in Brazil, producing refined sugar and ethanol.

👉 https://www.sec.gov/Archives/edgar/data/1499505/000110465924090580/tm2421820d1_sc13d.htm

🔔 Binance released the 22nd proof of reserves (snapshot date September 1).

➡️ The user's BTC assets are 605k, down 1.27% from the last time; the user's ETH assets are 4.486 million, down 4.58% from the last time, a decrease of 215k ETH; the user's USDT assets are 22.11 billion, up 4.34% from the last time, an increase of 919 million USDT.

👉 https://www.binance.com/en/proof-of-reserves

🔔 Binance subsidiary Tokocrypto announced that it has obtained a physical crypto asset dealer license issued by Indonesia's Commodity Futures Trading Regulatory Authority, becoming the third exchange in Indonesia to obtain a PFAK license. Tokocrypto's user base has exceeded 4.5 million this year.

👉 https://www.binance.com/en/blog/regulation/tokocryptos-pfak-license-a-major-milestone-for-binance-subsidiary-and-indonesias-crypto-industry-2296151690731688790?hl=en

🔔 Bybit released the 14th proof of reserve (snapshot date September 4). The user's BTC assets are deposited at 49k, an increase of 2.15% from the last time (August 8), an increase of 1,033 BTC; the user's ETH assets are deposited at 352k, an increase of 3.07%; the user's USDT assets are deposited at 3.12 billion, a decrease of 1.47% from the last time.

👉 https://www.bybit.com/app/user/proof-of-reserve

🔔 Ethereum LRT protocol Ether fi announced that it will launch a crypto Visa credit card Cash on Scroll Network. Ether fi Cash allows users to use fiat currency while using crypto assets as collateral, and can hold cryptocurrencies and earn interest on daily purchases. The card is currently in use within Ether fi and will begin shipping to pre-order customers on September 16.

👉 https://www.ether.fi/

🔔 Sony’s Ethereum layer-2 project, Soneium, is set to launch a Japanese Yen stablecoin in partnership with Sony Bank.

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🔔 a16z Crypto announced the 21 startups to join Crypto Startup Accelerator (CSX) Fall 2024 cohort, including Anera Labs, Banyan, Blocksense, Cork Protocol, Fermah, Future Primitive, MeshMap, Term Labs, zkSpin and more. a16z CSX invests a minimum of $500,000 in each company that’s accepted.

👉 https://a16zcrypto.com/posts/article/announcing-the-csx-fall-2024-cohort/

🔔 According to Lookonchain, Metalpha, a Hong Kong asset management company affiliated with Bitmain, has deposited another 10,000 Ethereum worth about $23.45 million to Binance today. In the past 4d, Metalpha has deposited a total of 33,589 Ethereum worth about $77.55 million to Binance. Currently, Metalpha still holds 51,300 Ethereum worth about $120 million.

👉 https://x.com/lookonchain/status/1833334908951138557?t=w0NtOQc5qXd5NIZtJVRFpg&s=19

🔔 Singapore police are investigating seven individuals suspected of providing Worldcoin accounts and token trading services, and have arrested five people. Three men are suspected of recruiting people to create Worldcoin accounts on behalf of multiple entities, and then controlling these accounts and tokens in exchange for cash.

👉 https://cryptonews.com/news/singapore-worldcoin-account-sales-investigation/

🔔 Catizen, a TON mini-game invested by Binance, claims to have 34 million users in the six months since its launch and to be ranked first in revenue among all Telegram applications, with 800,000 paying users and an ARPPU of $33. The above data may be mainly driven by the volume of airdrops.

👉 https://x.com/CatizenAI/status/1832443610450817242?t=AVmjqA5Sc3wybEq7IU0x1g&s=19

🔔 FriendTech, the Web3 social network which surged in activity one year ago, has been effectively shuttered after its developers renounced control over its smart contracts. A revival of the platform now seems unlikely as the contract ownership revocation prevents its takeover by a new team interested in adding features to the social platform.

👉 https://www.theblock.co/post/315172/friend-tech-team-renounces-control-of-smart-contracts-following-stagnant-growth

🔔 Tether, TRON and TRM Labs today announced they have joined forces to establish the T3 Financial Crime Unit to combat illicit activity associated with the use of USDT on the TRON blockchain. In the weeks since launch, the initiative, in collaboration with law enforcement, facilitated the freezing of over USDT 12 million in funds.

👉 https://tether.io/news/tether-tron-and-trm-labs-establish-first-ever-private-sector-financial-crime-unit-to-combat-crypto-crime/

🔔 BNB Chain announces the latest winner of its "Meme Heroes" program. Simon's Cat (CAT) will receive $50,000 in liquidity pool support. The “Meme Heroes” initiative is designed to empower meme projects by providing liquidity pool support. Projects participating in the selection must verify their token source code on BscScan or undergo a security audit.

👉 https://www.bnbchain.org/en/blog/announcing-the-winner-of-the-bnb-chain-meme-heroes-support-program

🔔 According to Cyvers Alerts, Indonesian crypto exchange Indodax was suspected to be attacked, and more than 150 suspicious transactions were detected, with a total loss of $18.2 million. Suspicious addresses were exchanging tokens for ETH. SlowMist found that it was not the hot wallet private key that was leaked, but other systems that were attacked, such as the signature machine.

👉 https://x.com/CyversAlerts/status/1833629057256239175?t=7tLxZxPoIcmJN-lsHzicPg&s=19

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https://x.com/MultiversX/status/1833524410344407439

🔔 Huma Finance announced the completion of a $38 million financing round, which includes $10 million in equity investment and $28 million in real-world assets (RWA) investment. The round was led by Distributed Global, with participation from Hashkey Capital, Folius Ventures, and others. Huma will use these funds to expand its blockchain-based PayFi platform and plans to extend to the Solana and Stellar Soroban smart contract networks in the coming months.

👉 https://www.coindesk.com/business/2024/09/11/tokenized-rwa-platform-huma-finance-gets-38m-investment-plans-expansion-to-solana-and-stellars-soroban/

🔔 ENS Labs announced that Paypal and Venmo have integrated ENS into their payment platforms.

➡️ When sending cryptocurrency, US users of Paypal and Venmo can directly enter the recipient's ENS name, and the payment platform will automatically identify the wallet address associated with ENS. Paypal and Venmo have supported cryptocurrency services since 2021, and Venmo is a subsidiary of Paypal.

👉 https://x.com/ensdomains/status/1833536140529570039?t=Y2rrWPx41FEI5mNB_vL4Kw&s=19

🔔 United States House Republicans have probed Securities and Exchange Commission Chair Gary Gensler, saying his agency could be hiring based on political affiliation, violating federal law.

👉 Source

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🔔 India leads in global crypto adoption for the second year in a row, Reuters reports

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