EddieJayonCrypto

 13 Sep 24

tl;dr

• Telegram's TON network faces technical strain from fervent interest in and airdrops from Hamster Kombat and Catizen• Tether faces renewed scrutiny over transparency issues related to its USD reserves backing the USDT stablecoin, with accusations of failing to provide a full audit.• ParaFi Capital ...

• Telegram's TON network faces technical strain from fervent interest in and airdrops from Hamster Kombat and Catizen
• Tether faces renewed scrutiny over transparency issues related to its USD reserves backing the USDT stablecoin, with accusations of failing to provide a full audit.
• ParaFi Capital tokenizes part of its venture fund on Avalanche, offering broader investor access and expanding blockchain-based asset management.
• The SEC amends its complaint against Binance, acknowledging that 10 tokens in question are not securities, including MATIC (now POL), Cardano and Solana
• A Nigerian court orders the freeze of $716,000 from crypto users on Bybit and KuCoin amid allegations of currency manipulation involving USDT and the Naira.
• The SEC clarifies its stance on "crypto asset securities," stating it refers to the contracts around crypto sales, not the assets themselves, drawing criticism from Ripple's Chief Legal Officer.
• Bitcoin's performance as an inflation hedge comes under question as it lags behind gold and the S&P 500, with market metrics indicating a bearish trend.
• Ripple CEO Says It’s Only a Matter of Time Before XRP Grows:
• Justin Sun Criticizes Coinbase’s Central Bank Bitcoin Amid WBTC Controversy surrounding the Wrapped Bitcoin (WBTC) ecosystem.
• Robinhood's European arm Engages Users with “Let’s Talk About Shiba Inu” Campaign
• CoinGecko’s 2024 stablecoin report says 94% of the $161B market held by only 3 coins: USDT ($114,4B), USDC ($33.3B) & DAI ($5.3B)

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