Issue #63

REGULATION

1. SEC goes after Stoner Cats 2

-- Allegedly offered unregistered securities in the form of NFTs tied to an animated web series

-- Company has agreed to pay a $1M fine and reimburse investors, while also destroying all remaining NFTs in its possession  

2. India working on 5-point crypto legislation as opposed to a blanket ban

-- Framework includes KYC requirements, proof-of-reserve audits, and uniform taxation policy

INFRASTRUCTURE

1. Ethereum goes live with new testnet Holesky

-- Has a larger validator set (1.4M validators) and a better token issuance system, allowing developers to run tests under more realistic conditions

-- Goerli testnet to be phased out

2. Manta Network launches Manta Pacific, a MEL for zk-applications

-- Uses a modified version of the OP Stack and Celestia's data availability layer

3. BNB Chain's L2 opBNB released to Mainnet

-- Rolling out airdrop incentives to attract initial users and funds

4. Cosmos upgrades to add support for liquid staking

5. 21(.co) launches wrapped versions of non-EVM blockchain tokens, including BTC

-- Index Coop created a new index powered by 21(.co)'s wrapped tokens

6. Decentralized staking solution SSV Network hits mainnet

7. Google Cloud to serve as the default oracle provider for LayerZero

8. Boerse Stuttgart Digital, crypto arm of Stuttgart Stock Exchange, introducing an institutional-grade staking service in 2024

-- Funds will be fully insured by Munich Re

FINANCE

1. ConsenSys unveils 'Snaps' for MetaMask

-- Allow users to pick-and-choose MetaMask customizations created by 3rd party developers

-- 34 snaps published at launch, including snaps for transaction insights, interoperability with non-EVM blockchains, and notifications

2. Ex-CEO of Algorand Steve Kokinos set to become the CEO of the (yet-to-be-named) company taking over Celsius' operations

-- Celsius is facing bankruptcy and regulatory issues

3. Strong week for VC fundraising activity

-- Electric Capital has filed for a new venture fund, aiming to raise $300M

-- Reverie announces $20M VC fund

-- Bitget launches $100M EmpowerX Fund

-- Thailand's KBank creates $100M fund called KXVC to invest in web3 and AI startups and funds

4. Lido Finance launching liquid staking token (wstETH) in Cosmos ecosystem with the help of Neutron and Axelar

5. Sushi expands to Aptos

6. Zodia Custody, a subsidiary of Standard Chartered, launches in Singapore to provide digital asset custody services to financial institutions

-- Marking the first time a bank-owned entity will offer digital asset custody services in the region

7. Franklin Templeton files for a spot Bitcoin ETF

8. Binance US faces talent outflow

-- CEO, Head of Legal, and Chief Risk Officer depart

-- The company lays off 1/3 of its workforce

9. Deutsche Bank partnering with Swiss startup Taurus to offer digital asset custody and tokenization services

-- Applied for a crypto custody license in Germany

10. Mauve goes live with a DEX for tokenized real-world assets

-- A subsidiary of compliance/identity infra platform Violet (Brevan Howard- and Coinbase-backed)

11. BitGo and Swan are forming a BTC-only trust company

12. Crypto custody provider Finoa now offering FinoaConnect to institutional clients

-- A wallet integration with a curated list of permissioned DeFi platforms

13. GGC International (a Genesis subsidiary) halting digital asset trading Sep 21

-- Last week, Genesis also announced the sunsetting of its OTC trading platform

CONSUMER

1. Grab and Circle partner to launch a web3 wallet in the Grab superapp

2. BitMEX launches prediction market

-- Current topics to bet on include the approval of a spot Bitcoin ETF and the imprisonment of Sam Bankman-Fried

3. Telegram integrates with TON Network

SECURITY

1. Crypto exchange CoinEx hacked for $28M

-- Has promised 100% reimbursement for losses

-- North Korean attackers linked to the exploit

2. $15M stolen from crypto custodian Fortress Trust

-- Occurred as a result of a phishing attack on Retool, a 3rd party vendor of app development software

-- Ripple acquired Fortress Trust last week and has stepped in to cover losses suffered by customers

3. NFT 'sleepdrops' have drained $11.5M from Ethereum users

-- Involves the use of counterfeit NFTs to steal funds

4. Hackers allegedly exploiting Lido Finance using a fake deposit attack

-- Allows attackers to execute transactions even when they don't have sufficient funds

-- Lido: both LDO and stETH tokens remain safe; updating the token integration guides to resolve the issue

5. Milady Maker exploited for $1M

-- Attacker identified and will be pursued to the fullest extent of the law

6. Solidus Labs: 70% of Ethereum-based DEX liquidity pools have executed wash trades since Sep 2020

RESEARCH

1. Blockchain-enabled data governance for privacy-preserved sharing of confidential data (source)

-- Use of attribute-based encryption for multi-authority access policies, Advanced Encryption Standard for data encryption, IPFS for data storage, and blockchain tech for the detection of illegal authorization activity

2. An analysis of trapdoor tokens on DEXs (source)

-- Trapdoor tokens allow users to buy the token but prevent them from selling

-- Proposes an implementation for a trapdoor token detection tool

3. A data middleware for obtaining trusted price data for blockchain (source)

-- Proposes an oracle node selection scheme that anonymously selects nodes with high reputations to participate in tasks

-- Constructs an incentive mechanism based on the Stackelberg game to align the interests of task publishers and executors

-- Experimental results show that the proposed scheme can reduce the variance of obtaining price data by about 55%

4. Practical homomorphic aggregation for Byzantine ML (source)

-- Algorithm achieves practical execution times while matching the ML performance of its non-private counterpart

5. The long term impact of crypto pump-and-dump schemes (source)

6. Evaluating homomorphic operations on a real-world processing-in-memory (PIM) system (source)

-- Acceleration of homomorphic operations by 50-100x with PIM over CPU and by 2-15x with PIM over GPU

7. Undetectable selfish mining (source)

-- Developed a selfish mining variant that is provably statistically undetectable: the pattern of orphaned blocks is statistically identical to a world with only honest miners but higher network delay

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