Crypto Roundup: Brazil Bans X, Cardano Decentralizes, Qatar Launches Framework, OKX Gets License

Our canary chirps some exciting news from the crypto world today. Brazil made headlines by banning Elon Musk's X platform. Cardano took a significant step towards decentralization by switching to a community-driven governance model. Qatar is making strides in the crypto space with the launch of a new digital asset framework. And finally, OKX secured a major payment institution license in Singapore, expanding its operations in the region.

Follow our Canary's lead on the Alpha adventure! Join us in our quest.

Alpha Offerings

1. deagent x LUMOZ

   Potential: $400 - $500

   Here is a step-by-step process:

   • Go HERE

   • Connect With SOLANA address

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2. PizzaSwap Fractal Testnet

   Potential: $1000 - $2500

   Here is a step-by-step process:

   • Use test_sats as gas for swap

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   • Claim Faucet

   • Go to HERE

   • Mint at least two brc-20 assets

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   • Go HERE

   • Search for the trading pairs you want

   • Then click "Create" Button to create a new pool

   • Add liquidity to an existing pool

   • Then click the "Supply" button

   • Swap assets

   • Withdraw assets

Meme of the Day

Market Movements - 02 Sept 2024

The crypto market witnessed mixed movements on Monday. Bitcoin was slightly up by +0.52% to $58,383.95, while Ethereum rose by +1.95% to $2,521.07. BNB also rose by +0.12% to $519.16, and Solana was up by +0.41% to $132.05.

Among altcoins, Tron was slightly up by +0.06% to $0.156, while Toncoin declined by -2.64% to $5.21. Cardano also dipped by -2.32% to $0.332, and Avalanche was in red by -0.67% to $22.16.

Movers and Shakers

In the last 24 hours, the top gainers included Popcat (+6.20%), ORDI (+5.62%), and Helium (+5.97%). The top losers included DOGS (-10.68%), Aave (-3.76%), and Beam (-3.53%).

Project Updates

1. Coinbase facilitates first AI-to-AI crypto transaction, marking a milestone in AI's ability to interact with the financial world. The transaction involved AI agents buying tokens from each other using USDC.

   Read more here

2. Japanese investment firm Metaplanet has partnered with SBI Holdings, a major financial institution. The collaboration facilitates Bitcoin trading and custody services for Metaplanet, leveraging SBI's expertise and infrastructure.

   Read more here

3. OKX launches automated arbitrage bot for retail investors, which simplifies the process of exploiting price discrepancies between spot and perpetual markets.

   Read more here

4. Hong Kong's SFC grants a virtual asset license to HKDAEX despite missing the application deadline. The regulator is still reviewing the application for potential issues.

   Read more here

5. CoinMarketCap launches an educational initiative with a "Learn & Earn" program. Users can acquire platform currency ("diamonds") by completing educational video modules and quizzes.

   Read more here

Hall of Fame, Hall of Shame

North Korean Hackers Exploit Chromium

North Korean hacking groups are suspected of exploiting a zero-day vulnerability in the Chromium browser to target cryptocurrency institutions. This critical security flaw enabled remote code execution, potentially granting unauthorized access and facilitating the theft of digital assets.

Read more here

Seoul Police Bust Crypto Scam

South Korean authorities arrested 14 individuals in connection with a suspected $12.8 million crypto mining fraud. The investigation suggests the group tricked people into investing in fake cloud mining operations.

Read more here

What moved in the Crypto World Today

Brazil Bans Elon Musk's X

Brazil's Supreme Court enforces immediate suspension of X (formerly Twitter) due to non-compliance with legal representative requirements. Crypto community expresses concern about censorship and highlights the potential of decentralized technologies.

Read more here

Cardano Switches to Decentralized Governance

The Cardano blockchain successfully implemented the Chang hard fork, transitioning to a decentralized governance structure. ADA token holders can now vote on proposals shaping the network's future.

Read more here

Qatar Launches Digital Asset Framework

The Qatar Financial Centre Authority (QFCA) has unveiled a new "Digital Asset Framework." This framework outlines a regulatory and legal structure governing the issuance, trading, and custody of digital assets within the QFC. This new framework will allow companies to apply for licenses to offer token services.

Read more here

OKX Gets Singapore Payment License

OKX's Singapore subsidiary secures a significant payment processing license, enabling cryptocurrency purchases and transfers within the country. This expansion is accompanied by the appointment of financial industry veteran Gracie Lin as its CEO.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Stablecoin-based payments platform, Bridge raised $58M in a funding round from Sequoia Capital, Ribbit Capital, Index Ventures, HAUN Ventures.

   Read more here

2. Time tokenization platform, Time fun raised $3M in a Seed funding round led by Brevan Howard Digital.

   Read more here

3. Decentralized AI search engine company, Adot received undisclosed funding from Aptos Network.

   Read more here

4. Web3 service platform, Verofax raised $3M in a funding round led by KAUST (King Abdullah University of Science and Technology), Plug and Play Ventures, Navig8 Group, Trove Capital UK.

   Read more here

5. Financial software platform, Kredete raised $2.25M in a Seed funding round led by Blockchain Founders Fund.

   Read more here

6. Social engagement platform, Mereo received undisclosed funding from Aptos Network.

   Read more here

7. Bitcoin liquidity management platform, Uniquid raised undisclosed funding round from Amber Group, DWF Labs, and ArkStream Capital.

   Read more here

8. Web3 casual strategy card game, Legend of Arcadia raised $4M in a Seed funding round from Animoca Brands, OKX Ventures, Arche Fund, and Selini Capital.

   Read more here

9. Decentralized exchange aggregator, ODOS raised undisclosed amount in Series A funding round from CE Innovation Capital (CEIC), Uniswap DAO, Curved Ventures, Orbs, Mantle Network, and PAKA.

   Read more here

Whale Movements

1. Fresh wallet bc1qg withdrew 240.39 BTC ($13.85M) from Binance. Txn details here

2. Giant whale 3G98j withdrew another 1,000 BTC ($57.4) from Binance. Txn details here

3. Whale 0x012 bought 4,192 ETH with $10.5M worth of USDC and USDT. Txn detail here

Today’s Token Unlocks

Worldcoin (WLD) - $7.35M
Nomoex (NOMOX) - $4.56M
TARS Protocol (TAI) - $3.16M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@FlossyP911 thread on their 2024-2025 cycle theory:

@PrestoResearch @minjung315 shares article about state of the secondary OTC market:

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