Analyses

Daily News Summary 4/9

September 4, 2024 Tóth Balázs
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New Developments in Trump's Crypto Project

New details have emerged about World Liberty Financial, the crypto project linked to Donald Trump. According to the whitepaper, the project will be built on the Aave decentralized finance platform and the Ethereum blockchain. It will feature a non-transferable WLFI governance token and a lending protocol.

Penpie Hit by Hacker Attack

The Penpie DeFi protocol, built on the tokenized yield platform Pendle, suffered a hacker attack, resulting in approximately $27 million in damages. The hacker stole various types of staked ETH, Ethena sUSDE, and wUSDC from the protocol, later converting them to ETH. Following the exploit, Penpie’s token, PNP, collapsed.

Soneium Strengthens with Samsung Partnership

Samsung Next, the investment arm of the South Korean tech giant Samsung, announced an investment in Startale Labs. Startale Labs is developing the Sony Soneium blockchain in collaboration with the Japanese giant Sony. Startale Labs offers services including Astar Network, Soneium, and Startale Cloud Services. Samsung recognizes the effectiveness of the company’s solutions in the realm of Web3 technologies.

Elixir's Final Testnet Launched

The Elixir modular blockchain project has announced the launch of its v3 testnet, the final version before the mainnet launch. Users can now run verification nodes to ensure the network’s security. In July, Elixir also launched a decentralized synthetic U.S. dollar asset, deUSD.

Polymarket Integrated into Bloomberg Terminal

Shayne Coplan, CEO of Polymarket, announced that the Bloomberg Terminal has officially integrated Polymarket, the world’s largest decentralized prediction market platform. This marks Polymarket’s entry into mainstream news and financial sectors.

MATIC Renamed to POL

Polygon developers have announced the migration of MATIC tokens to POL. POL is now the new ticker symbol for the native gas and staking token on the Polygon PoS chain. It retains MATIC’s existing tokenomics and the total supply of 10 billion tokens. This transition is a key part of Polygon’s development into a ZK chain and its integration with AggLayer.

Binance Appoints Grant Thornton as New Tax Advisor

Leading crypto broker Binance has appointed Grant Thornton Singapore to provide global accounting and tax advisory services across its corporate network. As the world’s seventh-largest accounting network, Grant Thornton will assist Binance in aligning its accounting policies with the International Financial Reporting Standards (IFRS). Binance entities underwent 25 audits for the year 2023, which confirmed that the company’s financial statements are accurate and truthful.

Uniswap Labs Fined $175,000

The U.S. Commodity Futures Trading Commission (CFTC) has reached a settlement with Uniswap Labs, under which Uniswap will pay $175,000 in damages related to allegations of trading illegal digital asset derivatives offered by the company. Previously, the SEC also launched an investigation into Uniswap Labs, alleging that the company operates as an unregistered broker-dealer.
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