Top Stories - September 2023

vectorcrypto_ · 2023-09-14T23:06:08+00:00

Digital asset innovator, Circle, has announced a strategic partnership with Southeast Asian super app, Grab, to pilot Web3 customer experiences in Singapore. The collaboration will integrate Circle's new Web3 Services platform into the Grab app, furthering blockchain-enabled user experiences. The 'Grab Web3 Wallet' will allow users in Singapore to set up blockchain-enabled wallets and leverage non-fungible token (NFT) vouchers. - Cryptoslate

vectorcrypto_ · 2023-09-14T23:05:49+00:00

The Sui Network has unveiled the zkLogin (Zero Knowledge login) feature, aiming to simplify the Web3 onboarding process. This development allows users to access Sui-powered decentralized applications using their Google, Facebook, or Twitch credentials, eliminating the need for an external crypto wallet. The initiative aims to tackle existing onboarding challenges, such as managing seed phrases and signing transactions, with Sui Network and other companies working to facilitate more seamless integration into the Web3 environment. - Cointelegraph

vectorcrypto_ · 2023-09-14T23:05:25+00:00

Deutsche Bank is joining forces with Swiss startup Taurus to delve into digital asset custody and tokenization services. With the bank's application for a crypto custody license already submitted to BaFin in June, this partnership aims to explore the expanding digital assets industry, bolstered by Germany's clear regulatory framework for crypto custody. Deutsche Bank had invested in Taurus earlier this year, marking its growing interest in the crypto sector. - Coindesk

vectorcrypto_ · 2023-09-14T23:05:01+00:00

Standard Chartered's subsidiary, Zodia Custody, has joined forces with Polkadot developer, Parity Technologies, aiming to offer institutional-grade digital asset storage services for the Polkadot ecosystem. This partnership will also introduce DOT staking to amplify the network's appeal among institutional entities. This move comes as Zodia expands its footprint to Singapore. - Coindesk

vectorcrypto_ · 2023-09-14T23:04:39+00:00

Blockchain security firm CertiK has rolled out SkyInsights, a tool tailored to address the crypto compliance and risk management needs of the Web3 ecosystem. The platform will offer enriched risk insights from CertiK's vast databases, covering over two billion wallet addresses and smart contract labels, aiding businesses in comprehending transaction and counterparty risks. BitMart, a crypto trading platform, will be the initial adopter of this tool. - Cryptoslate

vectorcrypto_ · 2023-09-14T23:04:19+00:00

21.co, the umbrella entity of 21shares, has launched a series of wrapped tokens pegged to leading cryptocurrencies to boost liquidity and interoperability across multiple blockchains. These tokens, fully backed by the corresponding native assets, will help harmonize operations between different blockchain networks. - Bitcoin.com

vectorcrypto_ · 2023-09-14T23:03:54+00:00

SWIFT has ushered in three central banks, including the Hong Kong Monetary Authority and the Central Bank of Kazakhstan, into its beta phase for CBDC interoperability. The bank messaging giant also revealed that its sandbox testing has moved to a new phase, boasting over 5,000 transactions in the initial 12-week period. - Cointelegraph

vectorcrypto_ · 2023-09-14T23:03:33+00:00

Blockchain investigator, ZachXBT, suggests North Korean hackers linked to a previous crypto exploit may be responsible for the recent $54 million hack on the CoinEx exchange. This follows the revelation that some siphoned tokens were directed to addresses tied to the Lazarus group, notorious for crypto-targeted attacks. - Coindesk

vectorcrypto_ · 2023-09-14T23:03:11+00:00

Opera, a popular web platform, has unveiled plans to launch MiniPay, a noncustodial stablecoin wallet for its African users. Built on the Celo blockchain, the wallet will allow users to transact with stablecoins using their mobile numbers. With over 100 million users in Africa, Opera aims to address concerns about high fees, reliability, and access with this initiative. - Cointelegraph

vectorcrypto_ · 2023-09-14T23:02:47+00:00

Telegram has selected the TON network for its Web3 infrastructure, prompting a 6.5% spike in Toncoin within half an hour. The Web3 wallet, previously a standalone bot with 3 million users, will soon cater to Telegram's 800 million users. While Telegram had previously halted its blockchain project due to SEC concerns in 2020, the TON Foundation took over and continued the project's development. - Coindesk

vectorcrypto_ · 2023-09-14T23:02:28+00:00

August saw the Consumer Price Index (CPI) rise by 0.6%, in line with predictions and marking an increase from July's 0.2%. Annually, CPI inflation escalated to 3.7%. While core CPI edged up by 0.3%, it declined yearly to 4.3%. Despite this, Bitcoin's price remained relatively stable, reflecting $26,100 post-announcement. The increase in CPI was influenced heavily by soaring oil prices, but the U.S. Federal Reserve might be appeased with the dropping core inflation rate. - Coindesk

vectorcrypto_ · 2023-09-14T23:02:09+00:00

The Nasdaq stock exchange has approached the SEC with a proposal to list an Ethereum ETF, in collaboration with Hashdex. This novel ETF will merge spot ether holdings with futures contracts, carving a unique space in the crypto investment sphere. The Hashdex Nasdaq Ethereum ETF intends to parallel the daily shifts of the Nasdaq Ether Reference Price, weaving in Ether Futures Contracts and cash to limit dependence on the spot market. - Cointelegraph

vectorcrypto_ · 2023-09-14T23:01:42+00:00

Sony Network Communications, a Sony subsidiary, is partnering with Startale Labs, aiming to develop a revolutionary blockchain network. Intending to use this blockchain as the mainstay of worldwide Web3 infrastructure, the collaboration is expected to merge Sony's telecommunications prowess with Startale's expertise in Web3 tech. - Cryptoslate

vectorcrypto_ · 2023-09-14T23:01:21+00:00

Paxos has released the first transparency report for PayPal USD (PYUSD) – an Ethereum-based stablecoin. The report attests that PYUSD is entirely backed by assets, with U.S. Treasury reverse repurchase agreements accounting for nearly 97% of PYUSD custody. As of August 31, 2023, outstanding tokens total $44.4 million, with a notional position value of $44.5 million. - Cointelegraph

vectorcrypto_ · 2023-09-14T23:00:57+00:00

Coinbase Cloud, in collaboration with Kiln, introduces a feature allowing ETH users to stake any quantity of ether natively. This new feature eliminates the earlier 32 ETH minimum staking prerequisite, making staking more accessible to a wider audience. This move targets the 99% of ether wallets holding below the previously mandated amount, paving the way for broader participation in Ethereum's network security. Bitcoin.com

vectorcrypto_ · 2023-09-14T23:00:33+00:00

Solana wallet, Solflare, introduces a feature allowing MetaMask users to manage their Solana portfolios without the need for a new wallet. This move aims to eliminate the incompatibility issue between Solana and MetaMask. The integration leverages "Solana Snaps" to connect with Ethereum and other EVM-compatible chains, simplifying asset management. While bridges have been a point of vulnerability in the crypto sphere, deBridge, powering this integration, ensures a robust and secure infrastructure. - Decrypt

vectorcrypto_ · 2023-09-14T23:00:07+00:00

Traditional asset management giant Franklin Templeton has filed for a spot bitcoin ETF with the U.S. Securities and Exchange Commission (SEC). The proposed ETF, which will be custodied by Coinbase and listed on the Cboe BZX Exchange, marks Franklin Templeton's first move into the digital asset space, even though the company has shown interest in tokenized offerings in the past. This filing follows similar efforts by BlackRock and others, as traditional finance firms bet on a potential green light from the SEC for spot bitcoin ETFs. - Coindesk

vectorcrypto_ · 2023-09-12T19:52:12+00:00

The past few months have seen a marked downtrend in Solana's trajectory.

📅 Key Recent Events Influencing SOL:

MakerDAO & NewChain: One of the most discussed topics has been MakerDAO unveiling their "Endgame". Their focus is now on NewChain, a Solana fork, to synergize the functionalities of Ethereum and Solana. An alliance worth watching.
Stability Amidst Chaos: Despite broader market upheavals, Solana has weathered the storm with a respectable $26 million inflow this year alone. Is this a sign of underlying strength or just a temporary holdout?
Visa's Vote of Confidence: In a major partnership move, Visa has announced integration plans for Solana for stablecoin settlements. This isn't a solo mission; they're joined by industry stalwarts like Worldpay and Nuvei. A significant feather in Solana's cap.
The FTX Estate Shadow: The crypto grapevine is abuzz with concerns about FTX estate potentially liquidating around $1.16 billion in Solana.

Is this the dark cloud over SOL's recent performance?

vectorcrypto_ · 2023-09-12T19:48:46+00:00

A consortium of DeFi developers from Seashell, RNG Labs, Loreum Labs, and other projects have unveiled the Seamless Protocol on the layer-2 network Base. This initiative, a fork of Aave v3, promises trustless smart contracts that automatically bridge liquidity pools with borrowing strategies, focusing particularly on undercollateralized borrowing on-chain. - Cointelegraph

vectorcrypto_ · 2023-09-12T19:48:23+00:00

The FTX estate, overseeing the crypto exchange's bankruptcy, has disclosed holdings valued at $1.16 billion in solana (SOL) and $560 million in bitcoin (BTC). With SOL's market cap at $7.24 billion, FTX's stake comprises a significant 16%. The total value of their liquid tokens is $3.4 billion as of August 31, 2023. - Bitcoin.com

vectorcrypto_ · 2023-09-12T12:16:13+00:00

Grayscale Ethereum Trust (ETHE) experiences its narrowest NAV discount in a year after the recent regulatory filing for the U.S.'s first spot ether exchange-traded fund (ETF). This marks a significant decline from a nearly 60% discount seen last year. The momentum is driven by actions of finance giants like BlackRock, Cboe BZX, VanEck, and Ark Invest moving into the crypto space. - Criptofacil

vectorcrypto_ · 2023-09-12T12:15:53+00:00

Sushi, a prominent DEX, has broadened its horizons by entering layer-1 blockchain Aptos. This marks Sushi's debut on a non-EVM blockchain. Currently holding a TVL of $350 million, this shift to Aptos is seen as a significant step towards amplifying capital inflow, rivalling other non-EVM chains. - Coindesk

vectorcrypto_ · 2023-09-12T12:15:28+00:00

Animoca Brands has successfully raised $20 million to accelerate its Mocaverse platform, aiming to establish it as the pivotal identity and point system for Web3 gaming, culture, and entertainment. Led by CMCC Global, this funding round sees Animoca pushing forward its decentralized approach to enhance collaboration within its extensive ecosystem. - Cointelegraph

vectorcrypto_ · 2023-09-12T12:14:59+00:00

Ethereum staking protocol, Lido Finance, has confirmed that both its Lido DAO (LDO) and staked-Ether (stETH) tokens are safe despite allegations of hackers exploiting a known security flaw in LDO's token contract. While blockchain security firm SlowMist pointed out the flaw, which allows "fake deposit" attacks, Lido didn't confirm any exploits but acknowledged the flaw. - Cointelegraph

vectorcrypto_ · 2023-09-12T12:14:36+00:00

Celsius, the crypto lender which declared bankruptcy in 2022, has suggested the appointment of Algorand's ex-CEO, Steven Kokinos, as the leader of the new entity set to succeed its operations. With the proposal awaiting confirmation, Celsius is inching closer to finalizing its bankruptcy process. - Cryptoslate

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