The week of 20/11 in brief. The news concerning Bitcoin and cryptocurrencies is constantly in flux. It can happen that vital information gets lost in the daily flow of information and that you miss important points. This format is here to remedy that. We return to the news from last week in‘Weekly Crypto in order to keep you informed on the current situation of cryptocurrencies.
Crypto news in brief
▶ Mastercard tracks down money laundering. Thus, the company partnered with Feedzai to perform AI-assisted financial monitoring.
▶ In parallel with the agreements with the DoJ, Changpeng “CZ” Zhao resigns as CEO of Binance.
▶ NFT exchange platform Blur distributes $307 million in airdrop. This closes the second season of airdrop and initiates season 3.
▶ HTX and Heco victims of a $100 million hack. Thus, the HTX exchange platform and the Heco cross-chain bridge were attacked. Hard blow for Justin Sun, the founder of both projects.
▶ Sam Bankman-Fried will spend Christmas behind bars. Thus, it seems that the former CEO of FTX will remain in prison until his next hearing on March 28, 2024.
▶ Do Kwon the founder of Terra Luna will be extradited. Indeed, the Montenegrin court validated his extradition. It remains to be seen whether he will be extradited to South Korea or the United States.
▶ Bull run or Bull trap? Has the bull run already started?
The 5 metrics of the week
➤ $26 million, this is the amount that was stolen from Kronos Research. As a result, the venture capital firm had its API keys compromised. The cessation of its activities also impacted the Woo X exchange platform, where Kronos is a market maker.
➤ 4 billion dollarsit’s the amount that was requested by the US Department of Justice from Binance to close ongoing disputes. An agreement that was accepted by the exchange platform.
➤ 9 million dollarsit’s about amount spent by dYdX DAO to cover bad debt on the protocol. This was created by manipulation of the YFI market.
➤ 600 millionit’s the number of PYTH tokens distributed during the airdrop. Thus, approximately 6% of the total supply was distributed to protocol users as well as DeFi users in general.
➤ 500,000it’s about number of Ordinals registrations recorded in one day. A new record for the Ordinals, which had lost popularity in October and September.
Have a good week on the Journal du Coin! 🙂