NFTs
Technology
FTX-backed Aptos blockchain under fire for low scalability on launch day
Aptos promised to deliver an unparalleled speed of up to 160,000 transactions per second (TPS), but it processed only four on launch day.
Crypto
CryptoSlate Wrapped Daily: Binance’s CZ lashes out at Reuters reporter; Ethereum network at peak performance
Binance's CZ lashes out at Reuters reporter, Japan looking to amend KYC rules and much more in this edition of CryptoSlate Wrapped Daily.
Price Watch
Huobi token up 70% in the last 30 days, following Justin Sun’s arrival
Over 50 million HT tokens have left exchanges over the last 30 days indicating that investors are bullish on HT for the long term.
Crime
North Korean Lazarus Group targets Japanese crypto firms
The Lazarus group sent phishing emails to employees of crypto companies and successfully infected their computers with malware.
Regulation
Australian regulator suspends Holon Investments’ Bitcoin, Ethereum, Filecoin funds
The regulator has ordered Holon to suspend offering crypto funds services or investment advice to retail investors for the next 21 days.
Crypto
CryptoSlate Wrapped Daily: Fed Governor Christopher Waller is against US CBDC; Tether gets rid of commercial paper reserves
Tether cuts all its commercial paper holdings, crypto exchanges block Russian users following EU sanctions, and much more in this edition of CryptoSlate Wrapped Daily.
Hacks
Mango Markets DAO set to approve $47 million bounty for hacker
Under the proposal, the hacker will return up to $67 million and keep the remaining $47 million as a bug bounty.
Stablecoins
Tether reduces commercial paper reserves for USDT to zero
Tether said it has cut its commercial paper to zero, and will invest more in U.S. Treasury Bills and short-term government-issued debt.
Exchanges
Huobi allegedly transfers 74M tokens to Justin Sun, HT up 7.7%
Justin Sun was recently named as an advisor to Huobi as part of restructuring plans to transfer ownership to About Capital, Huobi's new owner.
Crypto
CryptoSlate Wrapped Daily: Bitcoin slumps after CPI release; Fed Vice Chair warns banks on crypto company deals
Bitcoin falls by 3% as 8.2% CPI data suggests the Fed will increase rates by 75bps, Fed Vice Chair calls on banks to deal cautiously with crypto firms, and much more in this edition of CryptoSlate Wrapped Daily.
Regulation
Fed Vice Chair urges banks to deal cautiously with crypto firms
Michael Barr said that although banks are not directly exposed to crypto market losses, the liquidity risks associated with deposit fluctuations may affect their financial stability.
Regulation
Elizabeth Warren-led US lawmakers demand probe of ERCOT’s support for Bitcoin miners in Texas
Lawmakers argued that ERCOT's support for crypto is irresponsible as miners are paid to offset energy load from the grid at the expense of Texan residents.