China builds chip factory 🏗, Tether shuts USDT redemption 🚫, Coinbase receive $600K 💰
Daily Crypto, Blockchain & Web3 Update 2023-09-25
CRYPTOCURRENCY
MicroStrategy buys $147M worth of Bitcoin, now holds 158K BTC (3 min read)
MicroStrategy, a company known for its expertise in business intelligence and as a major investor in Bitcoin, has announced a new acquisition of a significant quantity of cryptocurrency. This move sends a positive signal to the market.
MicroStrategy bought the latest Bitcoin stash at an average price of $27,053 per BTC, or 9% lower than the average purchase price of its entire BTC purchase.
Crypto sees outflows for 6th consecutive week, XRP and SOL gain investor confidence (2 min read)
Crypto investment products registered their sixth consecutive week of outflows for the week ending Sept. 24. According to data from CoinShares, digital asset outflows from crypto investment products reached $9 million last week.
North Korean Lazarus Group amasses over $40M in Bitcoin, data reveals (3 min read)
North Korean hacking collective Lazarus Group holds a whopping $47 million in cryptocurrency, most of which is in Bitcoin, new data shows. The North Korean hacking collective has at least $47 million in cryptocurrency, including Bitcoin, Ether, BNB and various stablecoins, including Binance USD.
Arbitrum DAO takes $56M of unclaimed ARB as airdrop deadline ends (2 min read)
Arbitrum, a major layer-2 scaling solution for the Ethereum blockchain, has officially added the unclaimed tokens from its airdrop to its treasury. The amount of unclaimed Arbitrum tokens accounts for 0.69% of ARB’s total supply of 10 billion.
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Vitalik wallet sends 400 ETH worth $600K to Coinbase (3 min read)
Blockchain sleuths have flagged several Ether transactions from a wallet associated with Ethereum co-founder Vitalik Buterin in September 2023, totaling over $3.9 million.
Chainlink downplays worries after users notice quiet change to multisig (3 min read)
Decentralized oracle network Chainlink has downplayed a recent change in the number of signers required on its multisig wallet—a move that garnered backlash on social media from vocal critics.
Crypto exchange Upbit stems fake APT token flood, resumes services (3 min read)
South Korean cryptocurrency exchange Upbit has resumed Aptos APT deposits and withdrawals again after fixing an issue that saw a scam APT token incorrectly recognized as the real deal.
Digital Yuan app adds prepaid Mastercard VISA top-ups for tourists (2 min read)
Tourists can now pre-charge Digital Yuan wallets using VISA and Mastercard in China. The nation is updating the mobile app for its CBDC pilot.
Tether reportedly shuts USDT redemption for some Singapore customer groups (3 min read)
Stablecoin issuer Tether has reportedly changed its terms of service (ToS) in Singapore. An email shared by the CEO of decentralized finance protocol Cake DeFi on Sept. 25 shows changes to the company’s ToS prohibiting certain customer bases from redeeming Tether.
Mixin Network hack drains $200M from mainnet assets (3 min read)
Decentralized peer-to-peer network Mixin Network has lost approximately $200 million in a hack involving the compromise of the database of a third-party cloud service provider.
Amazon invests $4 billion Anthropic AI startup (2 min read)
Amazon and artificial intelligence (AI) startup Anthropic have announced a new investment agreement to aid in the research and development of new high-performing foundation models.
China to build giant AI chip factory to bypass US sanctions: Report (2 min read)
China plans to construct AI chip factories to produce particle accelerators, aiming to circumvent sanctions that impact its domestic industry. This information comes from a report by the South China Morning Post (SCMP).
JPEX scandal masterminds still at large as 11 suspects taken into custody: Report (4 min read)
Authorities in Hong Kong have been unable to capture the masterminds responsible for the JPEX alleged crypto exchange scandal. Despite questioning 11 individuals, the main culprits remain at large.