Spot Bitcoin ETFs See $39M in Daily Net Inflows as BTC Maintains $58K Level

💲 U.S. spot Bitcoin exchange-traded funds (ETFs) saw daily net inflows of $39.02 million on Thursday, rebounding after experiencing negative flows the previous day.

🟡 According to data from SoSoValue, the bulk of these inflows came from Ark and 21Shares’ ARKB fund, which attracted $18.34 million. Fidelity’s FBTC followed closely, recording $11.47 million in inflows, while Grayscale’s Bitcoin Mini Trust received $5.18 million.

💵 Other notable contributors to the inflows include VanEck’s HODL, which saw $4.95 million, and Franklin Templeton’s Bitcoin fund, which garnered $3.38 million. Bitwise’s BITB also registered positive movement, with $2.22 million in inflows.

😘 Bloom Era Begins: A New Chapter Unfolds 😘

From a single SEED, a universe sprouted. 🌱 After the Alpha and Genesis Seasons, we nurtured SEED, watched it take root, and grow stronger day by day. Now, SEED is ready to blossom.

What awaits in the Bloom Era tomorrow?

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SEC’s Aggressive Crypto Stance Resulted in $15 Billion Loss, Claims John Deaton

🇺🇸 John Deaton, a well-known pro-crypto attorney and U.S. Senate candidate, has accused the Securities and Exchange Commission (SEC) of causing significant financial harm to small investors through its regulatory approach to cryptocurrencies.

🛡 In a recent post on X, Deaton said the SEC’s actions have led to losses exceeding $15 billion for retail investors. Deaton, who has represented thousands of XRP holders in legal proceedings, claimed the SEC’s enforcement practices amounted to “gross overreach,” significantly impacting small investors.

🌐 “The SEC’s misconduct and gross overreach caused small investors over $15 billion. On behalf of those 75K small investors I represented, we do not accept the SEC’s apology,” Deaton wrote.His criticism comes at a time when the SEC has faced increasing scrutiny for its aggressive regulatory posture toward the crypto industry.

Blockchain Ledger Could Revolutionize UK’s $14.5 Trillion Finance Industry, Says Trade Body

📍 A blockchain-based ledger for payments and settlements could transform the United Kingdom’s finance sector, which processes an astounding $14.5 trillion in payments annually. UK Finance, the country’s leading finance trade body, recently praised the potential of the Regulated Liability Network (RLN) to drive innovation in the sector following a successful experimental phase.

⌛ The RLN, a blockchain-powered platform designed for central bank digital currencies (CBDCs) and tokenized assets, has shown significant promise, according to a report published on September 17 by UK Finance. The trade group noted that the RLN could facilitate programmable payments, reducing fraud, and cutting the cost of failed transactions.

➡️ Key to the RLN’s promise is its ability to offer a secure and efficient system for recording, transferring, and settling payments. It is primarily intended for use by commercial banks and can support various forms of digital money, including wholesale CBDCs and electronic money.

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Crypto Exchange BingX Vows to Compensate Users After $43M Hack

🇲🇨 Singapore-based crypto exchange BingX on Friday confirmed a security breach after observing numerous “suspicious” outflows from one of its hot wallets online. Consequently, the exchange promised to compensate users for the losses. The team announced via an X post that it had detected abnormal access to the hot wallet, suspecting it to be a hacker attack. “We immediately initiated an emergency response, including asset transfers and pausing withdrawals,” it said.

📣 BingX further clarified that the losses encountered were minor and they were managing the situation. Additionally, they assured that the majority of assets are secure in cold wallets, while only a small fraction was impacted in the hot wallet. However, blockchain security firm PeckShield reported that the security breach actually led to a $43m loss, primarily involving Ethereum and BNB Chain. At first, the firm had pegged the number to be around $26m.

💿 PeckShield observed that the hacker swiftly exchanged the majority of the pilfered assets for about 4,526 $ETH and 7,864.7 $BNB. As of its last update, the stolen funds totaled 5.3K ETH, 4.1K BNB and 1.65M MATIC. Vivien Lin, BingX’s chief product officer, said that the exchange has temporarily suspended withdrawals to enhance security. During this time, the team is performing an emergency inspection. She added that withdrawals would resume no later than within 24 hours.

Wall Street Funnels Cash Into Harris Campaign as Musk and Crypto Industry Rally Behind Trump

📊 Wall Street, Silicon Valley, and Hollywood donors played a pivotal role in boosting Vice President Kamala Harris’ fundraising efforts in August. The surge has provided the Democrats with a significant financial edge over former President Donald Trump, as they head into the most costly phase of the presidential election, according to a recent report by Fortune.

🔈 Harris’ campaign managed to raise an impressive $361 million in August, bringing the Democratic party’s total cash on hand to $404 million. In contrast, Trump’s campaign raised $130 million during the same period, spending $32 million more than what was brought in due to a costly advertising blitz aimed at countering Harris’ momentum.

🆒 Trump’s primary super political action committee (PAC), Make America Great Again Inc., also saw its reserves dwindle. Despite the close polling, Harris has established a clear lead in the financial race. The Vice President’s fundraising efforts included numerous high-profile events in places like San Francisco and the Hamptons, tapping into California’s deep-pocketed donor base. Her campaign and allied super PAC, Future Forward PAC, have secured $421 million in paid media for the final months leading to Election Day, nearly doubling the $216 million booked by Trump and MAGA Inc.

Kraken Expands European Presence with Acquisition of Dutch Crypto Broker Coin Meester

⚙️ Crypto exchange Kraken has acquired Coin Meester B.V. (BCM), one of the Netherlands’ oldest registered crypto broker firms. The deal, finalized on Tuesday, marks a significant step in Kraken’s strategy to strengthen its footprint across Europe, the exchange said in a blog post.

📎 By acquiring BCM, Kraken aims to solidify its presence in the Dutch market and further establish its position as a registered Virtual Asset Service Provider (VASP) in key European countries, including France and Poland. “The completion of the BCM acquisition is a key milestone in our European expansion, allowing us to leverage our strong footprint and market-leading position in euro volume and liquidity to significantly grow our market share,” said Brian Gahan, Kraken Managing Director Europe.

💬 This move comes as the European crypto market gears up for the implementation of the upcoming Markets in Crypto-Assets Regulation (MiCA), which is expected to introduce stricter regulatory standards across the region. Over the past two years, Kraken has been actively expanding its operations across Europe.

🔥 SEED BURN ALERT 🔥

Attention Seedizens,

Your SEED is at risk, and there won’t be any second chances!

🗓 On September 27th, we'll burn SEED from inactive accounts. If you haven’t logged in for over 30 days, your coins will be gone — permanently.

📌 This is a final notice. Only active Seedizens will keep their SEED. Log in immediately and remind your friends, too.

The endgame is near. Don’t lose what’s already yours! 🤗

Google Cloud and Solana Labs Team Up to Simplify Web3 Gaming with GameShift

🔒 Google Cloud has joined forces with Solana Labs to launch GameShift, a new API designed to make it easier for developers to integrate Web3 features like non-fungible tokens (NFTs) and digital assets into their traditional Web2 games. According to the Google Cloud’s post from Sept. 23, GameShift is now available on the Google Cloud Marketplace and offers a comprehensive suite of tools tailored to gaming needs.

🖥 These tools include wallets, tokenized assets, on-chain markets, payment systems, and marketplaces. By leveraging GameShift, developers can seamlessly incorporate Web3 elements into their existing game backends, “without requiring any blockchain experience to get started.”

🌧 GameShift’s user-friendly interface and secure non-custodial wallets provide a smooth experience for players. Additionally, the platform helps game studios accelerate development and reduce costs by simplifying the Web3 integration process. “Game studios have recently been considering Web3 for new approaches to growth and development, but are often discouraged by the seeming complexity of the technology and the Web3 community

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Fake Wallet App Downloaded 10,000 Times on Google Play, Steals $70K in Crypto

📣 A fraudulent cryptocurrency wallet app on Google Play has reportedly stolen $70,000 from users in a sophisticated scam that has been described as a world-first for targeting mobile users exclusively. The malicious app, named WalletConnect, mimicked the reputable WalletConnect protocol but was, in fact, a sophisticated scheme to drain crypto wallets.

🚫 The deceptive app managed to deceive over 10,000 users into downloading it, according to Check Point Research (CPR), the cybersecurity firm that uncovered the scam. The scammers behind the app were well aware of the typical challenges faced by web3 users, such as compatibility issues and the lack of widespread support for WalletConnect across different wallets.

☄️ They cleverly marketed the fraudulent app as a solution to these problems, taking advantage of the absence of an official WalletConnect app on the Play Store. Coupled with a slew of fake positive reviews, the app appeared legitimate to unsuspecting users. While the app was downloaded over 10,000 times, CPR’s investigation identified transactions linked to more than 150 crypto wallets, indicating the number of individuals who actually fell victim to the scam.

Why Eric Adams Failed to Make NYC a Crypto Hub

🌛 Eric Adams made huge promises to make New York City attractive for crypto businesses — but lacked the power to turn this into reality. New York City Mayor Eric Adams is best known in crypto circles for being unabashedly pro-Bitcoin — even engaging in friendly rivalry with Miami counterpart Francis Suarez. Back in 2021, he vowed on X that he planned to take his first three paychecks as mayor in BTC and ETH, and make NYC the beating heart of the crypto sector.

🥇 He was unsuccessful in attempts to block New York State proposals to impose a two-year moratorium on Bitcoin mined using fossil fuels. While you could argue this policy is good from an environmental standpoint, Adams had raised fears that this would “put barriers in place” that prevent NY from becoming an attractive destination for crypto businesses.

🏠 Adams’ Democratic counterpart Kathy Hochul declined to veto the measures and they came into force in November 2022 — affecting all Proof-of-Work cryptocurrencies. Meanwhile, the mayor was left red-faced after it emerged that he had failed to declare his BTC holdings last year. Even though Adams had vowed that he would not sell his digital assets during the recent bear market, he told regulators he didn’t own more than $1,000 in crypto. It remains unclear how much is in his wallet — or whether he’s still converting his paychecks.

Bitwise CIO Compares Bitcoin and Gold as Currency Hedges

👑 Investors weigh Bitcoin and gold as potential hedges against economic uncertainty amid recent monetary policy shifts from the Federal Reserve and China’s economic stimulus measures.According to a blog by Bitwise Asset Management, both assets have their advantages, with Bitcoin offering higher potential returns and gold providing greater stability. The decision ultimately depends on the investor’s risk tolerance and objectives.

⭐️ Bitwise Chief Investment Officer Matthew Hougan emphasized that Bitcoin and gold are attractive hedges because they operate independently of government control. “Jerome Powell can print all the dollars he wants, but he can’t create more gold or change Bitcoin’s supply cap of 21 million,” he stated.

🙂 Hougan further explained that while both assets are appealing, their differences are significant. He pointed out that Bitcoin offers greater flexibility due to its ease of transfer and storage, though it has increased volatility.Gold, meanwhile, is more stable but less versatile. “Bitcoin is less established and more volatile than gold, but it’s also easier to send, store, and divide,” he explained.

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🤑 NEW SEASON LOCK IN 🤑

Warriors, the battlefield is calling! Season 3 has officially started, and fresh challenges await. 😮

Season 2 Reward 🏆 will be distributed after a while with a Mystic Key.

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👉 @Ton_kombat_bot
✉️ Chat | 🐣 Twitter | 📹 Youtube

📉 Ethereum Co-Founder Selling These Meme Coins To Help Tornado Cash Developers 👀

Ethereum co-founder Vitalik Buterin has sold popular meme coins for ETH and donating the proceed to Tornado Cash developers' release campaign.

👉 Read more

Detained Binance Executive Tigran Gambaryan Is A Hostage, Former IRS Chief Says

🌛 Former Internal Revenue Service (IRS) Chief of Investigations Richard Weber shed light on the dire conditions that Nigerian Binance executive Tigran Gambaryan is facing amid his imprisonment in the African country. According to an October 3 podcast episode of Illicit Edge’s “Designated,” Weber said Gambaryan’s detainment at Kuje prison had been anything but ideal, with the crypto compliance chief behind bars alongside “the worst of the worst” terrorists.

⚡️ “It’s a prison that hold really bad people, including terrorists, and here we have a former law enforcement official and dedicated public servant who is working at a crypto company as a mid-level employee…who is trying to resolve a compliance issue – who then gets arrested and thrown into the same facility,” Weber said. The former top U.S. law enforcement official then urged the U.S. government to release Gambaryan to his wife Yuki and their two young children back in California.

⭐️ “Tigran is a hostage. He did nothing wrong. He is sitting in a prison for a crime he did not commit,” Weber continued. “He’s been in prison for over 200 days – almost eight months – and no one knows what he really did wrong. I don’t even think the Nigerian government knows what he did wrong, and yet they are holding him there.”

DHS Investigators Prevent Hundreds of Ransomware Attacks, Seize Billions Since 2021

❓ The Department of Homeland Security (DHS) has disrupted hundreds of crypto scam incidents, reclaiming billions in extorted cryptocurrency since 2021. According to a recent report from Bloomberg, DHS investigators have intercepted 537 ransomware attacks before they could cause widespread damage.

⛔️ The effort, led by the Homeland Security Investigations (HSI) Cyber Crimes Center, has proven particularly vital for the protection of U.S. government agencies, which have been the primary targets of these cyber threats.

🚫 Mike Prado, Deputy Assistant Director of HSI’s Cyber Crimes Center, highlighted that 21% of the foiled attacks were directed at U.S. government agencies, surpassing the number aimed at any other sector. Prado explained that HSI’s proactive approach to cyber threats involves close monitoring of internet traffic, analysis of potential vulnerabilities, and keeping track of emerging tactics used by ransomware groups.