Mark Cuban wallets drained for ~$870,000

☕️ On today's Top Picks:

  1. Mark Cuban wallets drained for ~$870,000.
  2. Binance US has a new CEO: Norman Reed announced
  3. Ethereum Holesky testnet fails to launch
  4. Arbitrum Passes proposal to distribute 50M ARB as incentives.

Read time: 6 minutes

Alpha

opBNB Genesis NFT, last day to claim. opBNB testnet campaign participants are eligible to claim.

dappOS autumn expedition with Zealy is live. dappOS is an intent-centric operating protocol and previously raised an undisclosed amount led by Binance.

There's 100,000 ARB up for grabs on a Gitcoin<>Arbitrum Grants partnership. If you are a builder, you can apply:

🪂 Airdrops

Optimism Airdrop #1, unclaimed funds sent to corresponding eligible wallets.

📰 TRADFI News

Norman Reed announced as new CEO of Binance US. Reed previously held positions at the SEC and the Federal Reserve Bank of New York

Wintermute criticizes DWF at Singapore2049 and alleges a large number of people in this industry manipulate the market instead of providing liquidity to guide the healthy development of the market. Wintermute also criticized DWF for declaring OTC transactions as investments.

U.S. Justice Department believes Sam Bankman Fried's proposed jury questions are intrusive and may be intended to support his defense.

FTX claims portal reopened following recent Kroll cybersecurity incident.

FTX sponsored celebrities including NFL quarterback, Trevor Lawrence; and YouTube influencer, Tom Nash; settle lawsuits.

JPEX cryptocurrency exchange suspends trading following Hong Kong investigation and the arrest of six people associated with the exchange.

📰 DeFi News

Ethereum Holesky testnet fails to launch due to network misconfiguration. Relaunch date set for this week.

Arbitrum Short-term incentive program proposal passes. Up to 50 million $ARB will be distributed to Arbitrum protocols as incentives to support network growth.

Arbitrum discussions with Randomizer, CyberConnect, ZTX, Premia, MetaCRM, Parsiq, Davos Protocol, and ZooDAO this week on X.

Metis is aiming to become Ethereum’s first decentralized Layer 2 by introducing decentralized sequencers.

Nouns, an NFT collective building open-source IP by funding creative projects; forks. Over half of all Nouns NFT's opted to leave and collectively withdrew over $27 million worth of ETH from the project treasury.

Coinbase says there is no legal requirement for it to reimburse anyone.

🛡 Security and Exploits

Mark Cuban wallets drained for ~$870,000 after downloading fake MetaMask wallet. Cuban moved remaining funds to Coinbase custody.

Balancer DAO issues on-chain statement to attackers. If attackers fail to comply, Balancer plans involving relevant authorities.

Retool, a software development company; faced a security breach due to an SMS-based attack. 27 cryptocurrency industry customers were affected and $15 million worth of cryptocurrency was stolen.

💰 Funding

Ant Group is planning to withdraw its investment in cryptocurrency venture capital, A&T Capital.

Bastion, a platform for bridging traditional enterprise to Web3; raises $25 million in funding round.

Fipto, a payments and treasury management solution; raises $16 million in Seed funding round.

Only Dust, a social network for open-source contributors, raises $3 million.

Bubblemaps, a blockchain data platform; raises $3.2 million in Seed funding round.
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That's it for today's dose! See you soon.

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