Synapse Protocol Studies Potential Rugpull, Companions With InvestHK, World Has 88,200 Crypto Millionaires

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Get your every day, bite-sized digest of cryptoasset and blockchain-related information – investigating the tales flying beneath the radar of right now’s crypto information.

Safety information

  • Decentralized finance (DeFi) cross-chain bridge Synapse mentioned that an “unknown liquidity supplier” dumped their SYN tokens and eliminated liquidity, inflicting the coin’s value to plummet. “We’re investigating uncommon exercise on their wallets and are working to get in contact with them,” said the crew. The liquidity supplier is allegedly Nima Capital, the undertaking’s long-term companion, because it was discovered that it had dumped SYN 9 million and gone darkish. Customers suspect a rug pull. 

Funding information

  • (previously Everipedia), the favored blockchain encyclopedia and AI-driven knowledge-sharing platform, is partnering with InvestHK, the division of the Hong Kong SAR Authorities accountable for Overseas Direct Funding, to boost native and international accessibility, transparency, and understanding of crypto information. The press launch mentioned that the collaboration offers entry to the most recent information, tendencies, and case research showcasing Hong Kong’s burgeoning blockchain surroundings. “This permits environment friendly analysis by its main product, IQ GPT, the AI search engine constructed for superior entry to blockchain information, using OpenAI’s GPT-4, making it a one-stop store for each native and worldwide buyers searching for trade sources,” it mentioned.
  • There are 88,200 crypto millionaires worldwide, with slightly below half (or 40,500) holding their fortunes in bitcoin (BTC), based on a report revealed by worldwide wealth and funding migration specialists Henley & Companions. There are 425 million people globally who personal cryptocurrencies, the Crypto Wealth Report discovered. CEO Juerg Steffe mentioned that the agency noticed “a major spike in enquiries from crypto millionaires over the previous six months seeking to shield themselves towards any potential future bans on the buying and selling or use of cryptocurrencies in their very own nations and mitigate the dangers of aggressive fiscal insurance policies that tax digital property at supply.”

Funds information

  • Crypto funds platform Wirex introduced that it’s utilizing the Polygon CDK (Chain Improvement Package) to construct its payments-focused App Chain (W-Pay). Per the press launch, Wirex selected Polygon CDK, an open-source codebase for launching ZK-powered layer 2 (L2) chains for Ethereum, to construct its personal payments-focused L2. All chains deployed utilizing the codebase are interoperable, with computerized entry to the unified liquidity of all Polygon chains and one-click entry to all the liquidity of Ethereum, it added.

Blockchain information

  • Blockchain startup accelerator Cronos Labs will launch its third cohort for the Cronos Accelerator Program, tapping Google Cloud, Amazon Internet Providers, CertiK, PeckShield, and others as mentors. Per Information Direct, the 12-week distant program is backed by $100 million of funding, and it goals to help eight early-stage crypto initiatives by offering them with mentorship and funding alternatives. The recruitment section started with the beginning of Korea Blockchain Week on September 4. 

Mining information

  • CleanSpark launched its unaudited bitcoin mining and operations replace for August, reporting BTC 659 mined. The corporate bought BTC 43 final month at a median of roughly $28,200 per coin. Gross sales of the crypto equated to proceeds of roughly $1.2 million. August every day BTC mined averaged 21.26 and reached a excessive of twenty-two.11, it mentioned.

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