FTX Releases Largest Volume of WBTC Tokenized Bitcoin for DeFi Farming Alameda Research, the owner of the FTX cryptocurrency exchange, has issued the largest one-time emission of the Ethereum-token WBTC pegged to Bitcoin at a ratio of 1 to 1. The total transaction volume was 2,317 WBTC. This is just 1 WBTC more than the Three Arrows Capital crypto fund issued a day earlier. Speaking to The Block, Alameda founder Sam Bankman-Fried revealed that his firm continues to see significant demand for WBTC due to increased activity in the decentralized finance (DeFi) space. “Profitability in DeFi has declined but is still substantial. Against this background, there is a high demand for bitcoin in other chains. WBTC remains the largest of its kind and the most prevalent in DeFi and profitable farming, ”he said. According to the Nansen service, WBTC currently accounts for about 75% of all tokenized bitcoins. Alameda Research is also the largest issuer of WBTC to date with 37,609 tokens. On Thursday, WBTC launched on the Tron blockchain.

​​KuCoin security incident update: Tether has frozen 22M USDT withdrawn from KuCoin and will recast the amount later. 20M USDT are on the ETH chain and another 2M USDT on OMNI and TRON. KuCoin is working with 22 exchanges including Binance, Huobi, OKEx to track the stolen funds. A few projects like VELO, VIDT and SNTR have announced that they will freeze stolen tokens or re-issue their tokens.

📍 #Sushiusdt Let keep our eyes on this strong support level. https://www.tradingview.com/x/ArBnyMI7

⁠Ethereum still not ready for DeFi, say some critics Ethereum needs to fix its problems. https://ct.com/8zbp

⁠Spikes in gas prices slowing growth of new NFT marketplaces New NFT marketplaces may even leave Ethereum altogether to deal with high gas fees. https://ct.com/8zbm

⁠US SEC issues no-action letter on compressed digital asset settlement process In issuing a no-action letter, the SEC took a more nuanced position on virtual assets. https://ct.com/8zbi

⁠A minster's look at regulation and innovation: A necessity to strike a balance Without constant nurturing through communication and collaborative efforts, the pursuits of legislators and businesses would be fruitless. https://ct.com/8zbh

⁠Dinner is served: Here’s what DeFi’s food-meme tokens bring to the table Food-themed meme tokens are the latest craze in the DeFi world. Here’s a look at the structure of the most popular ones. https://ct.com/8zc2

⁠Banks must establish infrastructure for digital assets before it’s too late Crypto adoption in traditional legacy systems is moving fast, but a lack of technological infrastructure limits compliance and safe storage. https://ct.com/8zc6

Users of tBTC, which restarted last week, report (https://twitter.com/ercwl/status/1310020300894015488?s=09) that it is difficult to issue tokens on Ethereum due to high transaction fees. The priority commission is about 0.018754 BTC at current prices, which can be profitable when issuing 1.8754 BTC, with a 1% commission. In the first week of work, there is a limit on the number of Bitcoins (100 BTC) that can be entered into the tBTC protocol. High fees in Ethereum have been kept (https://twitter.com/bradmillscan/status/1308064301694038017?s=09) at the level of several hundred dollars (especially for #DeFi transactions) for a long time. We wrote about tBTC earlier, in connection with the emergency stop of the protocol.

​​KuCoin security incident update: Orion Protocol has performed a token swap post KuCoin hack. A number of assets held on KuCoin were affected, including 3.8 million ORN. A snapshot was taken on the block 10939462 at 5:00 PM UTC. ORN’s ERC20 tokens were reissued 1:1 via a new smart contract, rendering the previous contract address, and tokens, obsolete. As a result, the stolen tokens will be worthless and have no impact on the secondary market.

✅ Sideways: on the last day of trading, the S&P 500 index rose 1.6%. But at the end of the week, the price change was only 13 points 🙃 Saturday news: 🔸 The well-known crypto exchange KuCoin was hacked, according to media reports, the damage (https://twitter.com/kucoincom/status/1309689557206491137) could be $ 150 million 🔸 American bank BNY Mellon was accused of laundering $ 300 million for the OneCoin cryptocurrency pyramid 😡 🔸 In anticipation of the Ant Group IPO, which could break Saudi Aramco's record of $ 25.6 billion, the company launched (https://www.businesswire.com/news/home/20200925005110/en/Ant-Group-Launches-%E2%80 % 9CTrusple% E2% 80% 9D-an-AntChain-Powered-Global-Trade-and-Financial-Services-Platform-for-SMEs-and-Financial-Institutions) international blockchain trading platform 🔸 Media: Due to the political crisis in Belarus, the bitcoin rate on local P2P platforms rose to $ 13,000 🔸 ETH Company ConsenSys will accept (https://consensys.net/blog/press-release/consensys-selected-by-hong-kong-monetary-authority-for-phase-two-of-project-inthanon-lionrock/) participation in the development of state digital currencies of Hong Kong and Thailand 🔹 Courses: 📉 S&P 500 - 3,298 (↑ 1.60%) 🌐 Bitcoin - $ 10,745 (↑ 0.45%) 🌕 Gold - $ 1,864 (↓ 0.67%)

⁠The Yearn.finance factor: Key use cases to explain YFI’s high value Two exchanges weigh in on the scene around Yearn.finance and its highly priced YFI token. https://ct.com/8zc9

⁠Darknet, cryptocurrency and two intersecting health crises With new technologies evolving, criminals find easier ways for illicit activities — that is the dark side of anonymity and decentralization. https://ct.com/8zcg

Members of the Israeli Parliament proposed to change the taxation of cryptocurrency income Four members of the Israeli Knesset from the nationalist Our Home Israel party have submitted a bill that will remove the 25% capital gains tax on some crypto assets. A bill presented in the Israeli parliament changes the definition of "distributed digital currencies" and proposes to treat them as currencies and not as a taxable asset. The proposed definition applies to cryptocurrencies with a distributed issuance network, a market capitalization of 1 billion shekels ($ 288 million) or more, as well as a common purpose of use and an independent history of origin. According to the authors of the bill, Oded Forer, Evgeny Sow, Yulia Malinovskaya and Alex Kushnir, bitcoin and some other cryptocurrencies meet these criteria. “This regulatory clarity will create commercial stability and allow more digital currencies to enter the Israeli market,” the legislators wrote in their proposal. According to the bill, defining cryptocurrency as a currency will reduce the tax burden for BTC holders in Israel and make the corresponding coins a more attractive payment mechanism. Note that the party "Our Home Israel" is part of the Israeli parliamentary opposition, so the adoption of the bill it proposed is unlikely without the support of the majority. Last spring, the Central District Court of Israel ruled in favor of the country's tax authority, recognizing bitcoin as a financial asset, not a currency. Accordingly, profits from its sale should be subject to capital gains tax.

$8.6 Million Worth OCEAN is Now in Hackers Wallet Which is a Part of Kucoin Hack OCEAN Price is Dipping ⚠️ Warning: Many users reported this account as a scam. Please be careful, especially if it asks you for money.

BAKE Trading Competition - $80,000 to be Wo！ https://www.binance.com/en/support/announcement/b6e58cd30d144090bc064e1286880940 ⚠️ Warning: Many users reported this account as a scam. Please be careful, especially if it asks you for money.

This Kucoin Hacker is Dumping All These Stolen Tokens ⚠️ Warning: Many users reported this account as a scam. Please be careful, especially if it asks you for money.

#KuCoin hacker on the move. 10k $SNX has just been swapped on UniswapProtocol ⚠️ Warning: Many users reported this account as a scam. Please be careful, especially if it asks you for money.

#ARPA Good News 🚀 ⚠️ Warning: Many users reported this account as a scam. Please be careful, especially if it asks you for money.