Crypto News Weekly Recap 📰

Paradigm
Paradigm

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26th September — 3rd October

Welcome to our brand new Crypto News Weekly Recap series — your source for the latest regulatory shifts and tech breakthroughs! Stay informed with us!

▫️ The Federal Reserve recently released a report on tokenization.

▫️ Taiwan is issuing crypto guidance as it begins to set regulatory rules in place.

▫️ Hong Kong is also set to issue guidance on tokenizing stocks in the near term.

▫️ The US Treasury pursued a Sinaloa Cartel ETH wallet linked to the trafficking of fentanyl.

▫️ The CFTC charged Mosaic and its founder over a “digital asset commodity scheme.”

▫️ UBS is piloting a tokenized money market fund on the Ethereum blockchain.

▫️ Bank of International Settlements Project Mariana: a proof of concept for cross-border exchange of wholesale CBDCs using AMMs on Sepolia testnet.

▫️ The Mixin Network, a decentralized wallet service, recently lost approximately $200 million in funds due to a security breach.

▫️ FTX hacker moved over $38 million in the past few days.

▫️ Curve’s founder settled his entire debt position on Aave.

▫️ VanEck is preparing to launch its Ethereum Strategy ETF (EFUT), focusing on ether futures contracts.

▫️ Circle, the issuer of the stablecoin USDC, has expressed its perspective on the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Binance.

▫️ Binance has decided to fully exit the Russian market due to ongoing legal challenges.

▫️ Coinbase granted a full license in Singapore.

▫️ Buenos Aires digital identity: QuarkID wallet can be used to claim birth and marriage certificates, utilizing zkSync Era.

▫️ Su Zhu, the co-founder of the defunct crypto hedge fund Three Arrows Capital, was detained at an airport in Singapore while attempting to leave the country.

▫️ In a separate incident, crypto influencer Ben Armstrong, also known as Bitboy Crypto, was arrested while trying to confront a former business associate.

▫️ ERC4337 (account abstraction) adoption analysis: 687k wallets, 2M UserOps, majority of wallets used 5 times or less.

▫️ Alchemy recently acquired Satsuma, a data indexing platform.

▫️ Arbitrum Odyssey relaunched, featuring a 7-week campaign for users to try apps and collect badges.

▫️ Pudgy Toys: physical Pudgy Penguin plushies, sold in Walmart, with licensing royalties shared with NFT holders; purchasers can claim a Forever Pudgy on zkSync.

▫️ Nouns DAO burn proposal: incentivizing spending the treasury, otherwise excess ETH can be burnt.

▫️ Paris Hilton is promoting MareBear NFTs, which are Tamagotchi-like pets.

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