US-based Hut8 Mining 🇺🇸, Crypto thieves steal $363M in Nov 💸, Is GameFi Dead?❓
📌 Daily Crypto, Blockchain & Web3 Update 2023-12-02
CRYPTOCURRENCY
Hut8 Mining operates as US-domiciled entity following USBTC merger (3 min read)
Hut8 shareholders received 0.2 shares of New Hut common stock for each Hut 8 share they owned during the delisting and relisting process, as officially announced.
FTX and Alameda Research cash out $10.8M to Binance, Coinbase, Wintermute (3 min read)
Wallets from FTX and Alameda Research, which are no longer operating, transferred $10.8 million to Binance, Coinbase, and Wintermute. They used eight different cryptocurrencies for these transfers.
Crypto thieves steal $363M in Nov, the most ‘damaging’ month this year (3 min read)
The Poloniex and HTX/Heco Bridge exploits as well as the KyberSwap flash loan attack were the three largest incidents in November, according to blockchain security firm CertiK.
Is GameFi Dead? 3 in 4 Projects Have Failed (3 min read)
The average annual failure rate for web3 games has been 80.8% from 2018 to 2023, based on the number of web3 games failed compared to launched.
QUICK LINKS
United Nations agency to upskill thousands of staff in blockchain tech (3 min read)
The UN Development Programme, which is tasked with eliminating poverty in over 170 countries, wants to educate its 22,000 staff on distributed ledger technology.
Binance VIP traders got sneak peek of US settlement: Report (2 min read)
At an exclusive dinner in Singapore, certain Binance executives reportedly told traders about the pending settlement with U.S. officials, allowing the exchange to stay in business.
Hong Kong Securities Trade Group Proposes Initial Coin Offering Portal (2 min read)
The Hong Kong Securities & Futures Professionals Association, an industry trade group, has suggested the city's authorities should consider creating an initial coin offering (ICO) portal.
Celsius faces hurdle as judge hints at new vote for Bitcoin mining shift (3 min read)
Judge Martin Glenn reportedly said that the firm’s proposed transformation into a Bitcoin mining business deviates significantly from the deal creditors initially voted on.
OPNX token spikes 50% after Su Zhu unexpectedly posts a 'gm' on Twitter (2 min read)
Open Exchange Token (OX), the native token of the crypto bankruptcy claims platform OPNX, spiked 50% just 20 minutes after co-founder Su Zhu supposedly posted to X (Twitter) for the first time since his arrest.
Tiger Global marks down stakes in BAYC and OpenSea: Report (2 min read)
Investment management company Tiger Global marked down its stakes in the NFT marketplace OpenSea by 94%.
MicroStrategy buys $593.3 million in bitcoin, may raise up to $750 million in new stock sale (1 min read)
MicroStrategy, a software firm known as the largest corporate holder of bitcoin, purchased an additional 16,130 bitcoin for $593.3 million.
Just In: AntPool to Refund $3 Million in Bitcoin Transaction Fee (2 min read)
AntPool, in an effort to promote trust and demonstrate responsibility in the cryptocurrency industry, has announced its intention to refund a $3 million Bitcoin fee by December 10th.