The Curve Finance Exploit and Other Crypto News
The recent Curve Finance exploit has caused significant disruption in the crypto markets. Here are the key points you need to know:
- Bitcoin:
- Miami Mayor Francis Suarez is accepting Bitcoin for campaign donations.
- Ilya Lichtenstein admitted to laundering $4.5 billion worth of Bitcoin stolen in the Bitfinex attack.
- Microstrategy CEO Michael Saylor plans to continue buying more Bitcoin.
- The Argentine central bank met its IMF obligation with a currency swap and loan.
- The Bitcoin bull market is following a familiar pattern.
- Ethereum:
- ProShares has applied for an Ether exchange-traded fund.
- DeFi:
- Curve Finance, Alchemix, and Metronome are working together to recover stolen funds.
- Curve Finance and CEO Michael Egorov have received support from Justin Sun and DCF God.
- Upbit, the largest South Korean exchange, has suspended CRV withdrawals and deposits.
- Altcoins:
- The combined market cap of all altcoins has decreased by $40 billion.
- Litecoin’s halving has already occurred.
- A bounty has uncovered $160 million in undisclosed wallets tied to Do Kwon and Terraform Labs.
- Regulation:
- SEC Chair Gary Gensler has expressed concern about AI technology.
- A class action lawsuit against Tether and Bitfinex has been dismissed.
- Revolut has shut down its crypto offerings in the US due to regulatory concerns.
- Hong Kong’s Hashkey Exchange has obtained licenses to serve retail customers.
- Prominent lawmakers are calling for a crackdown on crypto tax evaders.
- Rumors suggest potential fraud charges against Binance.
- A congressional committee is investigating BlackRock’s investments in Chinese companies.
- NFT, Web3, and Technology:
- GameStop is discontinuing its digital wallets due to regulatory uncertainty.
- Yuga Labs is acquiring Roar Studios to enhance its Otherside project.
- Japan’s Blockchain Association wants tax rules on virtual assets revised.
- BlackBerry’s cybersecurity division has identified malware targeting cryptocurrencies.
- A scammer stole $20 million worth of Tether using a phishing attack.
- LeetSwap has suspended trading to address potential exploits.
- The Curve Finance exploit has raised security concerns in Ethereum’s DeFi ecosystem.
- Worldcoin plans to offer its ID system to companies and governments.
- Bankrupt crypto platform BlockFi is moving forward with its restructuring plan.
- Voyager Digital Holdings may have been hacked during its asset liquidation process.
- Dubai has awarded a crypto license to Laser Digital Middle East.
- There are rumors of a link between the liquidity pull on the BALD meme coin and ex-FTX CEO Sam Bankman-Fried.
- The SEC asked Coinbase to halt all cryptocurrency trading except for Bitcoin.
Hot Take
The Curve Finance exploit highlights the ongoing challenges and risks in the crypto market. While the industry continues to innovate, security and regulatory concerns remain key issues that need to be addressed. It is crucial for investors and participants to stay vigilant and informed to navigate this ever-evolving landscape.
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