Crypto Bytes: Top 10 Breaking News from Cryptoverse

1. Binance  has agreed to pay $2.7B and Changpeng Zhao, its former CEO will pay $150M. The $4.3 billion settlement that Binance reached with the DOJ, FinCEN, OFAC, and CFTC includes the fine.
2. 390 MW Bitcoin mining facilities will be purchased by Marathon Digital from Generate Capital for $179M. MARA’s stock has shot up 9%, increasing its gains for the year to almost 530%. BTC is trading around $42,000, up 2.2% over the previous week.
3. $830K Exploit Hits Solana Game “Aurory,” Disabling Arbitrum Bridge. Aurory’s marketplace has a vulnerability that allows someone to steal roughly 600,000 AURY tokens. The bridge in the game is down while the developers fix it.
4. Solana’s NFT market has hit record highs in the past 2 weeks, with $80M in activity across all marketplaces; this is 24 percent of daily NFT trade volume, whereas Ethereum’s volume is $330 million.
5. Optimism, Gelato, and Lisk are working together to go from a Layer 1 to an Ethereum Layer 2 solution. As part of the shift, Lisk will move its LSK tokens to Ethereum. The Layer 2 testnet deployment is slated to occur in the first quarter of 2024.
6. Users of OKX Wallet have been advised to upgrade their iOS app by blockchain security firm Certik, after a significant Remote Code Execution (RCE) vulnerability was discovered in an earlier version.
7. Shiba Inu team Wants to Introduce SHIB Domains for Email and Websites. The SHIB team is working with D3, a domain business, to advocate for the first-ever crypto top-level domain’s approval.
8. Immutable launches “Passport,” a web3 game that allows users to utilise their identities and assets on several platforms. The tool will be initially available to over 500,000 people on five different games and marketplaces, including AtomicHub and GodsUnchained.
9. Along with many other prominent asset managers, 7RCC, a crypto asset manager, has submitted an application to the U.S. Securities and Exchange Commission to provide an exchange-traded fund (ETF) for spot bitcoin.
10. Crypto Bytes Top 10 Breaking News from Cryptoverse. Do Kwon Wins Appeal against Montenegro Court’s Extradition. The Appeals Court of the nation overturned an earlier ruling that the requirements for extradition had been fulfilled legally.

Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.

Author: Mehar Nayar

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