Trump Associated Project World Liberty Faces Scrutiny

️ On today's Top Picks:

Crypto News

• ⭐️ Trump Associated Project World Liberty Financial revealed as a borrowing & lending platform built on Ethereum; plans non-transferable token $WLFI.

• Matter Labs (ZKsync $ZK) lays off 16% of its employees citing its restructuring the organization.

• Uniswap $UNI settles with US CFTC for offering "illegal digital asset derivatives trading;" pays $175k penalty.

• Snapshot launches Snapshot v2, a new interface for enhanced DAO governance.

• Offchain Labs (Arbitrum $ARB) launches Arbitrum Stylus on mainnet.

• Polygon launches $MATIC to $POL upgrade; $POL now used as native gas & staking token.

• Ripple $XRP CEO says new stablecoin is close to launching; rules out US IPO.

• ⭐️ Former Mt Gox CEO Mark Karpeles to launch EllipX crypto exchange in Europe later this month.

• Binance appoints Grant Thornton Singapore for accounting & tax advisory services.

• Nigerian Court; next bail hearing set for October 9th.

• Galois Capital settles with US SEC over custody issues; pays $225k penalty.

• US CFTC recovers $18m of crypto from alleged commodity pool Ponzi scheme. 

• Mino Games shifts from Web3 to Web2 model citing changes in the NFT market environment & more; previously raised over $35m.

Alpha

• Lombard launches $LBTC Public Beta Access.

• ⭐️ Scroll posts video on X potentially teasing upcoming airdrop.

• 0G Labs launches Testnet Newton v2 quest on Intract.

• Superseed launches Explore Superseed quest on Intract.

• Avantis Q3 & Q4 Roadmap shows "Announce REDACTED" potentially hinting at upcoming airdrop.

• Telegram $TON Apps by Crypto Snooper.

Airdrops

• ⭐️ Eigen announces $EIGEN Season 2 Stakedrop; claims to go live on or before September 17th.

• Linea LXP drop coming soon; complete POH by September 8th.

• Ethena Season 2 Airdrop claim to go live on September 30th.

• Magic Eden launches Polygon Retro Diamond Drop.

• Aleo unveils Incentives Program Token Distribution.

• Grass launches airdrop eligibility & allocation checker.

• ICYMI Sonium Sony's L2 Solution by Earndrop.

• Airdrop Updates by Airdrop Official.

• Airdrop Formulas by CC2.

Finance News

• Zurich Cantonal Bank launches Bitcoin & Ethereum trading; Switzerland’s fourth largest bank.

• United Texas Bank faces cease and desist order from Federal Reserve for "significant deficiencies."

• Nvidia $NVDA denies being subpoenaed by the US Department of Justice following earlier reports.

• Intel $INTC faces possible removal from Dow Jones $DJI due to declining stock price.

• Six Credit Rating Agencies settle with US SEC over recordkeeping failures; to pay more than $49m penalty.

• Bank Of Japan reiterates it will continue to raise interest rates if economy & prices perform as expected.

Security and Exploits

• Pocket Universe launches Rug Detector feature.

• US FBI warns North Korean hackers are aggressively targeting crypto companies and their employees.

• SlowMist releases August Monthly Security Report; ~$316m in losses.

• ⭐️ Penpie exploited for ~$27m due to reentrancy attack; hacker has since sent some funds through Tornado Cash.

• NEAR Protocol X Account was temporarily hacked; account has since been recovered.

• Google releases security update patching a high-severity Android vulnerability.

• Trump Family X Accounts were temporarily hacked; accounts have since been recovered.

Token Unlocks

• dYdX / 1.55m $DYDX / ~$1.4m / SEP 03
• Taiko / 12m $TAIKO / ~$17m / SEP 05
• Immutable / 32.47m $IMX / ~$38m / SEP 06
• Mode / 500m $MODE / ~$6m / SEP 06
• Hashflow / 13.62m $HFT / ~$2m / SEP 07
• Ethena / 14.89m $ENA / ~$3m / SEP 08
• Xai / 35.88m $XAI / ~$7m / SEP 09

Funding

• Hypernative Labs raises $16m in Series A funding led by Quantstamp.

• biptap raises $2m in Pre-Seed funding.

• Startale Labs raises an undisclosed amount in funding from Samsung Next.

• Cycle raises an undisclosed amount in funding from Manta Foundation.

• Yooldo raises an undisclosed amount in funding from Consensys.

The Degen Farmer