Issue #69

Regulation

1. Judge rejects SEC's motion to file an appeal against Ripple ruling

-- Trial is scheduled for April 2024

2. Bankrupt crypto hedge fund 3AC's Su Zhu apprehended in Singapore for failing to comply with court order

-- Failed to cooperate in the firm's liquidation investigation

3. Gemini exits Netherlands market due to regulatory pressure from the De Nederlandsche Bank

4. SBF's trial begins

-- Judge rules Sam Bankman-Fried cannot blame lawyers in opening statement

-- Witnesses testify: (1) SBF gave special privileges to Alameda Research (including a $65B line of credit) & lied about it; (2) Alameda was able to access up to $8B worth of FTX customers' funds without seeking permission; (3) FTX's "backstop fund" was not based on reality and the amount displayed was calculated through a formula with no basis; (4) crypto VC Paradigm was unaware of the alleged commingling of funds between FTX and Alameda Research

-- SBF says he was acting in good faith and tries to pin blame on Caroline Ellison (Alameda Research) and CZ (Binance)

5. FTX's former auditor Prager Metis sued by SEC

-- Allegedly violated US auditor independence rules

-- SEC wants auditor to pay fines and give up any profits made from illegal activity

6. Coinbase, Ripple, Sygnum Singapore, and GSR receive green light to operate in Singapore

7 Komainu receives approval to offer crypto custody services in the UK

Infrastructure

1. Co-Founder Jyanti Kanani stepping back from day-to-day operations at Polygon

-- Citing a desire to focus on new adventures

2. Ledger cuts 12% of its staff, citing macroeconomic headwinds

3. JP Morgan: Ethereum has become more centralized since The Merge and Shanghai upgrade

-- Overall staking yield has also fallen

-- According to Vitalik Buterin, a perfect solution to this problem may take another 20 years

4. Optimism launches modular fault-proof system to testnet

-- Comprised of 3 components: a fault-proof program, fault-proof virtual machine, and dispute game protocol

5. ZeroSync implements 1st STARK-based ZK client for Bitcoin

-- Will enable Bitcoin users to validate the state of the network without having to download the blockchain or trust a third party

6. StarkWare delays first token unlocks to Apr 15, 2024

7. According to Solana, more than 31% of stake is running through the Jito Labs validator client

8. Manifold Finance rolls out an MEV auction protocol

-- Names Frax Founder and 0xMaki as advisors

9. Burnt launches L1 Xion to testnet

-- Will use USDC as its default transactional currency

10. Solana's latest update brings native support for private blockchain transactions

-- Use of zk-proofs to shield SPL token transactions

Finance

1. BlockFi's creditors have approved its bankruptcy restructuring plan

2. Circle rolls out Perimeter Protocol, an open-source protocol to tokenize real-world assets

3. Crypto investment firm Deus X Capital launches with $1B in assets

-- Involvement in private equity, venture capital, and fund investing

4. DeFi project Yield Protocol to wind down by year's end

-- Citing lack of demand and regulatory challenges

-- At its peak, Yield Protocol had $22M in TVL but this figure has since dwindled to ~$2M

5. CMCC Global raises $100M to invest in Asia-based web3 startups

-- LPs include Block(.one), Pacific Century Group, Winklevoss Capital, and Yat Siu

6. Hong Kong Stock Exchange launches blockchain-based settlement platform

-- Aim is to reduce settlement risk and improve post-trade workflows

-- Will be deployed on Stock Connect and linked to the Depository Trust and Clearing Corporation

7. 9 Ether Futures ETFs went live in the US

-- Lukewarm reception with only $2M in trading volume on the first day

8. DRAM, a Dirham-backed stablecoin, listed on Uniswap and PancakeSwap

-- Reserves held by regulated financial institutions

-- Built by MIT alumnus and former SoftBank exec, Akshay Naheta

9. South Korea's central bank launching a pilot project to explore the technical infra for a CBDC

Consumer

1. PayPal files patent application for a NFT marketplace

2. Ledger to provide free wallets to Sotheby's top NFT collectors

3. OpenSea is launching a no-code platform to simplify the NFT creation and drop process

4. Yuga labs announced company restructuring and workforce reductions

-- Focus shifting to community and brand engagement, Otherside, and internal developments

Security

1. Blockchain analytics firm Chainalysis cuts 15% of its workforce

2. Friend(.Tech) users targeted by SIM swap attack

-- Losses in the range of $385k

-- Friend(.Tech) took steps to mitigate attack vectors by introducing a feature that lets users change their login methods

3. Avalanche-based Friend(.Tech) clone Stars Arena hacked for $3M via reentrancy attack

-- Stars Arena team claiming only $2k in losses

4. ImmuneFi: 153% YoY increase in attack incidents in 3Q23, resulting in over $686M in losses

-- Lazarus Group was responsible for 30% of all stolen crypto in Q3

-- Ethereum and BNB Chain were the two networks most targeted by attackers

5. New data suggests stablecoin platform Ardana Labs may have rugged investors, per Xerberus

-- Ardana execs allegedly transferred 80% of the project's funds to a personal wallet and made terrible crypto investments

6. Galxe's website comprised due to a DNS hijack attack

-- A wallet address linked to the hacker has received over $140k in user funds

Research

1. Zero-knowledge proof-based gradient aggregation for federated learning (source)

-- Use of zk-proofs to prevent malicious aggregators from incorrectly aggregating training models for the purposes of federated learning

2. Comparative analysis of technical and legal frameworks of various national digital identity solutions (source)

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.