Market
Exchanges
Binance burns $1.9M LUNC tokens
FatMan Terra described the burn idea has "absurd," saying a developer team could have been hired "to build a suite of useful products/tools instead."
Bankruptcy
FTX will pay fair market value for Celsius, SBF says
A Celsius investor Simon Dixon argued that FTX aims to purchase Celsius' asset cheaply.
Bankruptcy
Celsius founder Alex Mashinsky withdrew $10M weeks before bankruptcy – FT
A spokesperson for Mashinsky said the withdrawals were made for tax payments.
Research
Research: Persistent low volume could cause Bitcoin price to plummet to $12k if it falls below $17.5k
Bitcoin whales are holding the asset between the $10,000 to $17,000 range. These whales could sell if the price were to drop to around $17,000.
Analysis
ZachXBT alleges crypto influencer Lark Davis made over $1M dumping crypto projects
Lark continually claimed that he doesn’t get paid for his promotion of these projects despite being offered "truck loads of money daily to do so."
Layer-2
Lightning Labs release new update to allow assets to be sent over Bitcoin’s network
When completed, the Taro protocol will allow users to issue and mint assets such as stablecoins on Bitcoin and transfer them via Lightning Network.
Crypto
CryptoSlate Daily wMarket Update – Sept. 28: Bitcoin, Ethereum, BNB lead market rebound
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
Crime
Terraform deems South Korea’s Do Kwon arrest warrant ‘unfair’
The WSJ reported that a spokesman for the firm claimed the failed Luna crypto asset was not a security, so South Korea’s capital-markets law did not cover it.
Hacks
This MEV bot gained and lost over $1M in 1 hour
The hacker got the bot to approve his transaction and moved all the funds to another address.
Legal
CFTC serves Ooki DAO members lawsuit via governance discussion forum
The commission's paralegal Brittne Snyder revealed that the regulator served the decentralized organization by posting the legal notices to its online platforms on Sept. 22.
Crypto
CryptoSlate Daily wMarket Update – Sept. 27: Bears pull crypto market down as XRP leads losses
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
Regulation
Thailand’s SEC sues 5 for wash trading activities
Thailand's SEC has increased its regulatory oversight over the crypto space since the crypto market crash, focusing on protecting traders.