On-chain investigator ZachXBT posted on X, stating: “Over the past few months, I have been tracking a series of related attacks on McDonald‘s, Usher, Kabosu’s owner, Andy Ayrey, Wiz Khalifa, SPX 6900, and others on X and IG. These attacks resulted in over $3.5 million being stolen through the launch of Pump.Fun meme coins.”
The Philippine central bank (BSP) plans to tighten reporting requirements for Virtual Asset Service Providers (VASPs) to enhance data collection and oversight. Over the weekend, BSP issued a draft circular revealing its intention to launch a new reporting portal for all VASPs by January 1, 2025. The circular outlines new reporting requirements designed to address data gaps, reduce information discrepancies, improve data collection, and enhance the quality of data on virtual assets and VASPs. According to BSP, VASPs will need to submit 13 reports at varying intervals. Monthly reports include two submissions on transaction volume, value, and total custodial assets. Quarterly reports involve seven submissions, including data on operational offices, websites, and account holder statistics. Three reports are required semi-annually, and an audited financial statement must be submitted annually. VASPs are required to use existing channels for currency service business reports during the first two quarters of 2025. Thereafter, all submissions must transition to the new reporting portal unless otherwise instructed. Entities failing to comply with these requirements will face enforcement actions. VASPs must submit feedback on the proposed changes by December 13.
Focusing on Fintech Frontiers, Discussing Safe Trading Practices This expo centered around the theme “Seeing Diversity, Trading Safely”. Key discussions included new forms of financial crime and cutting-edge practices in anti-money laundering, the financial derivatives market in the UAE, and the impact of artificial intelligence on the financial technology landscape in the UAE. The content covered a wide range of topics including financial regulatory compliance, anti-money laundering, forex, cryptocurrency, blockchain, DeFi, Web3, RWA, artificial intelligence, ESG, climate risk, banking, and digital assets CBDC, providing attendees with a unique platform to gain insights into future trends in financial technology.Industry Leaders Gather to Discuss New Industry Trends The event featured several industry leaders and speakers, including Braden Perry from Kennehertz Perry, Dr. Mohamed Damak from S the community will continue to host a variety of enriching online and offline activities, providing participants with more business opportunities and channels, creating a more open industry ecosystem, and jointly building a healthier and more trustworthy financial market environment.WikiEXPO: A Communication Platform in the Fintech Field WikiEXPO Dubai 2024 not only provided industry participants with a platform to gain deeper insights into future trends in financial technology but also facilitated exchanges and collaborations on cutting-edge technologies. Through this event,
Mr. Khadun, a seasoned expert and Lead Trainer at the Mauritius Institute of Financial Centre (FSI), holds a pivotal role in shaping the future of FinTech education, virtual assets regulation, and Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and Combating the Financing of Proliferation (CPF) compliance in Mauritius and beyond. His extensive regulatory experience, garnered over a decade at the Financial Services Commission, coupled with his current role at the FSI, positions him as an invaluable source of insight and expertise. In this interview, we delve into Mr. Khaduns professional journey, exploring his unique perspectives on the current challenges and future prospects of the FinTech industry. As a Certified Anti-Money Laundering Specialist (CAMS) and holder of the Cambridge FinTech and Regulatory Innovation Programme qualification, Mr. Khadun is not only a trainer but also a thought leader, actively engaged in curriculum development for the International Graduate Diploma in Financial Crime Compliance and collaborating with the Mauritius Africa FinTech Hub and local FinTech practitioners to elevate the industrys compliance standards. Read as we uncover Mr. Khaduns insights and learn how his contributions are shaping the future of FinTech, financial regulation, and financial security globally.Naushad Khadun Lead Trainer - (FSI) Mauritius WikiEXPO: What
Pump.fun, a meme token launch platform, has experienced extraordinary growth in user numbers and protocol revenue amid the booming meme token market. Data reveals that Pump.fun generated $5.31 million in revenue within 24 hours, ranking second in daily income after USDT issuer Tether. Since March, Pump.fun has seen a steady rise in user activity. To date, the platform has accumulated over $250 million in revenue and deployed more than 3.8 million tokens, with growth trends continuing upward.Attention Economy Sparks Chaos Pump.funs live streaming feature, launched in August, has recently surged in popularity. While this blockchain-based live streaming model has drawn substantial user participation and generated significant economic benefits, it has also fostered chaos within the ecosystem. Meme tokens, as a hallmark of the attention economy, have exacerbated the situation. Many projects employ controversial tactics to quickly garner attention, raising concerns from regulators over legality and ethical boundaries. To boost attention and drive token valuations, Pump.funs live streams have reportedly featured violent, disturbing, and explicit content. Growing numbers of users have called for the platform to disable its live streaming functionality, stating that the situation is spiraling out of control.Pump.fun Disables Live Streaming Feature Pump.fun addressed the controversy in a community announcement, reaffirming its commitment to
Token Unlocks Venom (VENOM): Approximately 33.76 million tokens will be unlocked on November 25 at 08:00 UTC, representing 1.79% of the current circulating supply, valued at around $2.2 million. Hooked Protocol (HOOK): About 4.17 million tokens will be unlocked on November 25 at 00:00 UTC, accounting for 2.05% of the circulating supply, with an estimated value of $2.3 million. ApeX (APEX): Approximately 9.24 million tokens will be unlocked on November 26 at 00:00 UTC, representing 19.09% of the circulating supply, valued at around $17.8 million. Ethena (ENA): About 12.86 million tokens will be unlocked on November 26 at 07:00 UTC, accounting for 0.45% of the circulating supply, with an estimated value of $7.8 million. Yield Guild Games (YGG): Approximately 14.08 million tokens will be unlocked on November 26 at 14:00 UTC, representing 3.65% of the circulating supply, valued at around $8.6 million. Eigenlayer (EIGEN): About 1.29 million tokens will be unlocked on November 26 at 19:00 UTC, accounting for 0.69% of the circulating supply, with an estimated value of $3.5 million. Immutable (IMX): Approximately 24.52 million tokens will be unlocked on November 28 at 00:00 UTC, representing 1.47% of the circulating supply, valued at around $40.5 million. Crown by Third Time Games (CROWN): About 4.63 million tokens will
The company confirmed on Monday that its devices are affected by a flaw enabling remote execution of malicious code through web-based JavaScript. This vulnerability opens an attack vector that could lead to the theft of crypto-related data from unsuspecting users. According to Apple‘s latest security disclosure, users must update their JavaScriptCore and WebKit software to the latest versions to patch the issue. Discovered by researchers at Google’s Threat Analysis Group, the vulnerability allows “processing maliciously crafted web content,” resulting in “cross-site scripting attacks.” Alarmingly, Apple also admitted that the issue “may have been actively exploited on Intel-based Mac systems.” Apple issued a similar security disclosure for iPhone and iPad users, stating that the JavaScriptCore flaw enables the “processing of maliciously crafted web content, which may lead to arbitrary code execution.” In other words, hackers could potentially take control of users iPhones or iPads if they visit malicious sites. Apple assured users that updates should resolve the issue. Jeremiah O‘Connor, CTO and co-founder of crypto cybersecurity firm Trugard, warned that “attackers could gain access to sensitive data like private keys or passwords stored in browsers,” potentially stealing crypto assets if users’ devices remain unpatched. Earlier in March, reports emerged that security researchers had found vulnerabilities
The exhibition will cover popular sectors including forex, digital assets, online trading, and financial technology. Additionally, WikiGlobal will introduce several events focusing on trading security amid the diverse trends in investment development. Renowned influencers and industry elites from the global investment arena will gather at the WikiFX Community to share their professional insights and experiences, helping investors grasp market dynamics and investment opportunities better. Since its launch, the WikiFX Community has attracted widespread attention from industry insiders. As the WikiEXPO Dubai approaches, the platform will host a variety of online and offline events, providing more business opportunities and avenues for participants. Companies are encouraged to collaboration with WikiFX to share resources, expand business networks, and create a more open industry ecosystem, collectively building a healthier and more trustworthy financial market environment. The expo is expected to attract over 6,000 attendees, including nearly 100 prominent figures and industry leaders. They come from hot sectors such as forex, digital assets, online trading, and Fintech, bringing cutting-edge information and deep insights.Strong Guest Lineup (Partial List) ▶ Braden Perry：Partner - Kennyhertz Perry Arbitrator - NFA&FINRA ▶ Dr. Mohamed Damak: Sector Lead Financial Institutions & Global Head of Islamic Finance ▶ Hasnae Taleb: Mintiply Capital Managing Partner ▶ Gustavo Antonio Montero：Founder&Chairman
Crypto Market Updates This Weeks Hot Topics • BTC Reaches New All-Time High: Bitcoin (BTC) has surged to a new peak, touching $97,852 USDT. • BlackRock‘s Spot Bitcoin ETF Options Launch on Nasdaq: The official listing of options trading for BlackRock’s spot Bitcoin ETF on Nasdaq has propelled BTC prices upward. • Solana Meme Tokens Maintain Momentum: The popularity of Solana-based meme tokens remains strong, with platforms like pump.fun achieving record daily revenues. • Decentralized Science (DeSci) Gains Traction: The DeSci sector is attracting market attention, bolstered by endorsements from industry leaders CZ and Vitalik.Market Environment This week, BTC‘s price continued its ascent, reaching a new high of $97,852. The introduction of spot BTC options has contributed to this upward trend. The ETH/BTC exchange rate has declined, hitting a low of 0.03187. Historically, BTC’s dominance increases following new highs; currently, BTCs market share stands at 60.49%. Stablecoin market capitalization has reached $186.62 billion, marking a $4 billion increase over the past week. The meme token sector is experiencing heightened enthusiasm, with pump.fun reporting record daily earnings, though daily trends are shifting rapidly. The DeSci sector is gaining attention, primarily due to Binance Labs investment in BIO Protocol. CZ has expressed interest in biotechnology adoption, and both CZ
In the early hours of January 16, the on-chain trading terminal DEXX suffered an attack, with multiple users confirming that their funds were transferred. According to community feedback, the losses from the DEXX hack are estimated to reach tens of millions of dollars. Slowmist founder Cos stated, “The private keys of DEXX users affected by the hack have been compromised, though the method of leakage remains under investigation.” This large-scale breach has delivered a significant blow to the recently thriving on-chain meme market and has once again highlighted the importance of on-chain asset security. According to incomplete statistics from Slowmist, as of the November 18 DEXX incident report update, more than 1,100 reports of stolen funds have been submitted by the community. After removing duplicate reports, it was confirmed that over 900 victims were affected, with total losses estimated at $21 million. DEXX has announced that a formal lawsuit has been filed, and the Slowmist team is actively assisting law enforcement in the investigation. Meanwhile, DEXX is working on a compensation plan. The platform stated: 1.If all stolen assets are recovered, DEXX will provide full compensation immediately to ensure user interests are not impacted. 2.If only partial recovery is possible, the platform will still
