Crypto Guides, Knowledge & Insights

S&P Global Ratings Report on Stablecoins: USDC and GUSD Top, DAI and USDT Classified as 'Restricted'

Ss worth noting that none of the stablecoins listed in the initial assessment received the highest rating of “very strong,” and four stablecoins were affected by “negative adjustments.”　　Analysts primarily focused on the “quality of assets supporting stablecoins,” with overall quality measured by custody risk, credit, and market value. Additionally, regulatory factors, governance, oversight, liquidity, redeemability, and technology were considered in the assessment.　　

2023-12-13Deep Dive

Bloomberg Analyst: Four Issuers Meet with SEC in Recent Days Regarding Spot Bitcoin ETFs

James Seyffart, an analyst at Bloomberg, stated on X platform that in the past few days, four different issuers have met with the U.S. Securities and Exchange Commission (SEC) regarding their Bitcoin ETF applications. BlackRock met with them yesterday, marking the third time in recent weeks. Grayscale, Franklin Templeton, and Fidelity each had meetings last week. Both the SECs Division of Trading and Markets and the Division of Corporation Finance attended these meetings. These two divisions will ultimately decide whether the 19b-4 and S-1 applications are approved or denied.　　

2023-12-13Deep Dive

SlowMist: Security Incidents in the Cryptocurrency Space Last Week Result

SlowMist released its weekly security report on the X platform (December 3 to December 9, 2023), highlighting significant security events in the crypto space. The total losses from security incidents last week amounted to approximately $1.91 million, with the top three incidents as follows:　　Xai Network Phishing Event: Loss of 374 ETH, valued at approximately $845,800.　　Rug Pull in Abattoir of Zir (DIABLO): Loss of $235,705.　　Time Contract Vulnerability: Loss of $190,000.　　

2023-12-11Deep Dive

U.S. Department of Justice Reveals Regulatory Details Regarding Binance Operations

On December 8th, Binances compliance commitment with the U.S. Department of Justice (DOJ) was revealed, shedding light on significant oversight of the cryptocurrency exchanges operations and business activities in the United States. Former SEC official John Reed Stark shared an analysis report on the X platform, disclosing a detailed list of Binances new compliance obligations.　　Stark pointed out that Binances new obligations are outlined in an 11-page document, including requests from authorities, cooperation allowing authorities to review documents, records, and resources, including information related to “former employees, agents, intermediaries, advisors, representatives, distributors, licenses, contractors, suppliers, and joint venture partners.” Various divisions within the Department of Justices criminal division, such as the Money Laundering and Asset Recovery Section, National Security Division, Counterintelligence and Export Control Section, and the U.S. Attorneys Office for the Western District of Washington, will closely monitor the exchanges activities. Binances previous plea agreement with the U.S. government also includes a five-year regulatory oversight by the Financial Crimes Enforcement Network (FinCEN).　　Stark stated that the settlement agreement requires Binance to provide immediate access, audits, reviews, and inspections for several years to the Department of Justice, FinCEN, various financial regulatory agencies, and law enforcement agencies. This ensures that the company and

2023-12-11Deep Dive

MetaMask Collaborates with Payment Platforms in Six Countries Including Vietnam and the Philippines

MetaMask has announced partnerships with payment platforms in six countries on the X platform. The collaborations include VietQR and Mobile Money in Vietnam, GCash in the Philippines, QRIS in Indonesia, Thai QR in Thailand, Vodafone Cash in Egypt, and Webpay in Chile. MetaMask also mentioned that its wallet services currently support local transfers in Vietnam, Malaysia, Japan, and South Korea. Users in these countries can utilize MetaMask through the mobile application, browser extensions, or directly on the MetaMask Portfolio.　　

2023-12-11Deep Dive

Hong Kong Police Bust Criminal Gang Laundering 30 Million HKD Through Cryptocurrencies

On December 8th, the Hong Kong police conducted an anti-money laundering operation codenamed “Operation Hammer” and “Operation Attack,” resulting in the arrest of 12 individuals. They are suspected of laundering approximately HKD 30 million through large cash withdrawals and virtual currency transactions, linked to fraud cases.　　The police observed a significant influx of proceeds from fraudulent activities into local bank accounts between January and October of this year. The Financial Intelligence and Investigation Bureau conducted an in-depth investigation, uncovering proceeds from 32 local and overseas telephone scams and investment frauds flowing into 54 local bank accounts. Victims suffered losses totaling HKD 97 million, with the highest amount involved in a single case exceeding HKD 2.4 million.　　After the investigation, a local money laundering criminal group was identified. The group recruited friends and family to open numerous bank accounts. Through mobile dating applications, they lured victims with high-return investment plans, convincing them to transfer funds to the implicated bank accounts. Once the fraudulent funds were received, group members quickly withdrew large amounts of cash, purchased virtual currencies, and engaged in repeated buying and selling to conceal the source of the funds.　　In a recent raid at multiple locations, including two virtual currency investment companies,

2023-12-11Deep Dive

Linea: DeFi Voyage Wave 7 Partner Project Rubydex Encounters Frontend Vulnerability, Caution Advised

Linea has issued a warning on the X platform: “We have received an alert about a suspicious frontend vulnerability in Rubydex (a Wave 7 partner project in the DeFi Voyage event). Please do not interact with their application until we confirm that the issue has been resolved. Please stay vigilant about security. If you have any questions, please reach out to us via Discord.”　　Earlier, Linea on the X platform announced the launch of Voyage: DeFi Event Wave 7: Trading, focusing on complex DeFi trading products. The event is scheduled to last for 9 days, concluding on December 16th.　　

2023-12-11Deep Dive

This Week APT, CYBER, APE, and Other Tokens to Experience Significant Unlocking

Token Unlocks data indicates that this week (December 11th to December 17th), significant unlocks are scheduled for GLMR, APT, CYBER, FLOW, and APE:　　On December 11th at 8:00 AM, Moonbeams token GLMR will unlock 12.72 million tokens (approximately $4.31 million), constituting 1.6% of the circulating supply.　　On December 12th at 8:00 AM, Aptos token APT will unlock 24.84 million tokens (approximately $207 million), accounting for 8.9% of the circulating supply.　　On December 15th at 12:19 PM, CyberConnects token CYBER will unlock 1.26 million tokens (approximately $8.58 million), representing 8.51% of the circulating supply.　　On December 16th at 8:00 AM, Flows token FLOW will unlock 2.6 million tokens (approximately $3.23 million), making up 0.18% of the circulating supply.　　On December 17th at 8:00 AM, ApeCoins token APE will unlock 15.6 million tokens (approximately $27.61 million), comprising 4.23% of the circulating supply.　　

2023-12-11Deep Dive

Grayscale CEO: Optimistic About Communication with SEC Regarding Bitcoin Spot ETF

Grayscale Investments CEO Michael Sonnenshein has expressed optimism about the companys ongoing conversations with the U.S. SEC regarding the potential launch of a spot Bitcoin ETF. In an interview, he stated, “We are optimistic. We have been in active conversations with the SEC, and the feedback we have received from them indicates that the SEC wants to be involved in solving this issue and is eager to make progress on this matter.” Sonnenshein added that the timeline for approval has not been disclosed yet.　　

2023-12-07Deep Dive

Hong Kong Police: JPEX Fraud Update - Another Arrest

Hong Kong police provide an update on the progress of the JPEX suspected fraud case: 1 more person arrested this week. As of 4 pm on December 6, a total of 2,628 victims have reported cases, involving an amount of approximately 1.61 billion yuan. 67 people have been arrested, and all those arrested have been granted bail pending further investigation. However, it is not ruled out that more individuals may be arrested.　　

2023-12-07Deep Dive

...

4749

...

743