18-09-2024

Author

Fernando Fierro
September 18, 2024

Howdy folks,

🔒💬 Binance has officially denied responsibility for WazirX users' losses in the July 18 hack, refuting claims from WazirX co-founder Nischal Shetty. Addressing inaccuracies, Binance clarified that it never acquired or controlled WazirX as the proposed transaction with its parent company, Zettai, failed to materialize.

Significantly, Binance emphasized it did not hold WazirX’s funds, which Liminal and Zettai managed at the time of the hack.

In other news:

💥💼 The Trump family-backed crypto platform, World Liberty Financial (WLFI), has officially debuted, but specifics remain sparse. While Trump touts the benefits of embracing crypto, concerns persist regarding the project's viability and the family's ability to deliver on their promises.

Notably, the platform revealed plans for a WLFI governance token, restricted to accredited investors, which has only amplified industry skepticism.

🌐🔗 Due to decades-old infrastructure, traditional cross-border payments are riddled with inefficiencies, high fees, and slow transaction times. Kima aims to change this with its blockchain-based Universal Payment Rail and Liquidity Cloud, offering seamless transfers between fiat and crypto backed by efficient atomic swaps.

However, potential regulatory challenges and the finality of blockchain transactions could pose risks to users.

🌐💡 Sony's Soneium Ethereum Layer 2 network gains significant support with Circle's Bridged USDC Standard, enhancing developers' and users' security and ease. This integration is part of Sony’s broader strategy to grow its creator haven, aiming to leverage Ethereum's robust network to bring Web3 mainstream.

However, key Circle products like Circle Mint and CCTP do not yet support Bridged USDC Standard, and Soneium’s mainnet launch is still pending.

DailyCoin Daily Meme

Circle Introduces USDC in Brazil and Mexico Through Local Bank Transfers via PIX and SPEI

USDC issuer Circle introduces the stablecoin in Brazil and Mexico in global expansion efforts.

Decoding Whale Behavior: Neiro's Unexpected Listing On Binance Takes The Spotlight as a Case Study

How did major Ethereum players capitalize on Neiro’s momentum after its Binance listing? The rollercoaster of two NEIRO meme coin tokens escalates further.

Solana’s Phantom Wallet Usernames Rolling Out, Boosting Usability

Phantom announces a new username feature, allowing users to send crypto easily.

Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!

DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

Sharing is caring!

Know someone who would like this newsletter?
Share this email with them so they can subscribe.