Solana Price Gains 5% in 24 Hours, But Will the Rally Continue Beyond $20?
Solana has seen a strong increase of almost 5% in the last 24 hours, bringing its price close to $20 and extending its weekly gains to 10%. However, the cryptocurrency has exhibited a bearish market structure on the daily chart and the Relative Strength Index (RSI) remains below the neutral 50, indicating bearish momentum.
North Korean Hackers Steal Over $340 Million in Crypto This Year, Tying 30% of Hacks to Regime
According to a report by Chainalysis, North Korean state-affiliated hacking groups have stolen over $340 million worth of cryptocurrency from exchanges and web3 apps this year. This adds to the record-breaking $1.6 billion in North Korea-linked hacks from 2022. Cybercrime has become a significant source of revenue for North Korea's heavily sanctioned economy, with an estimated 30% of cryptocurrency hacks this year linked to the regime.
Senator Elizabeth Warren Expands Coalition to Crack Down on Crypto's Illicit Use
Senator Elizabeth Warren has expanded her coalition to tackle the illicit use of cryptocurrency in money laundering, drug trafficking, and sanctions evasion. Nine other Senators have joined her Digital Asset Anti-Money Laundering Act, including Senators Gary Peters and Dick Durbin. The bill has also received endorsements from various institutions.
US Prosecutors Ask Judge to Reject SBF Lawyers' List of Questions for Jury
September 18th, court documents show that the US Southern District of New York prosecutor requested Judge Kaplan to reject a series of questions raised by the defense (SBF) against the jurors, claiming that the defense's questions would delay the selection process and cause jurors to be biased against the parties involved. SBF's lawyers submitted a proposed list of jury questions to the Manhattan Federal Court. The list of questions includes "If a company involved in the cryptocurrency or financial industry fails, do you think only the company owners are to blame?"
Web3 Social Platform Topic.Market Completed a Strategic Round of Financing of US$2 Million, With Bakery Incubator Participating in the Investment
Web3 social platform Topic.Market has announced the completion of a $2 million strategic round of financing, with Bakery's investment arm Bakery Incubator participating. Topic.Market is both a social platform and a trading platform, allowing users to create their own cryptocurrency themes and set pricing mechanisms, and then invest based on community interest. The platform will begin testing next week.
Worldcoin Parent Company: Has Invested Nearly $4.8 Million in Kenya and Does Not Plan to Sell User Biometric Data
Worldcoin's parent company, TFH (Tools for Humanity), CEO Alex Blania recently revealed that nearly $4.8 million has been used to fund cryptocurrency and blockchain education in Kenya.In addition, Blania denied allegations that Worldcoin plans to sell user biometric data obtained through eye scanning balls. Blania stated, "We want to emphasize Worldcoin's long-term commitment to Kenya. Our commitment to the people of Kenya is genuine, and we always strive to operate honestly, compliantly, and most importantly, transparently."
Mark Cuban Wallet Transfers $2.8 Million in Crypto Assets to New Wallet
Spot On Chain monitoring shows that Mark Cuban, owner of the NBA's Dallas Mavericks, has just transferred $2.8 million worth of cryptocurrency to a new wallet. This includes $2.1 million worth of USDC on the Polygon network, as well as 338 stETH (valued at $556,000) and 175,000 USDC on the Ethereum network.
XRP Price Increases 3% to $0.5 Due to New Bitcoin ETF Filing and Positive US CPI Data
XRP's price has risen by 3% to reach $0.5, thanks to positive US CPI data and a new Bitcoin ETF filing by Franklin Templeton Investments. The cryptocurrency has broken out of a falling wedge pattern and could potentially reach $0.7. Ripple is planning to hold a "Proper Party" on September 29 to celebrate its win against the SEC, with potential announcements including an IPO.
Managing Director of Galaxy: Cryptocurrency Explodes Into the Mainstream and Requires Proper Centralized Protection
Chris Rhine, the Managing Director of Galaxy, stated at the "Institutionalization of Digital Assets" roundtable at Token2049 in Singapore: The original cryptocurrency investors are very concerned about decentralization, but when you really want to expand a technology, you need to provide protection for users. My view is that to truly make cryptocurrencies mainstream, more centralization needs to be introduced.
Fortress Trust Founder: Before Being Acquired by Ripple, He Lost $12 Million to $15 Million in a Hacker Attack
According to Fortune magazine, Scott Purcell, founder and CEO of Web3 licensed trust company Fortress Trust, stated that Fortress Trust lost between $12 million and $15 million in cryptocurrency in a recent hack, most of which was Bitcoin, as well as a small amount of USDC and USDT.
