News 31.07-06.08

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Summarize this content to 100 words Curve Finance hackOn July 31, 2023, the biggest hack in the history of Curve Finance happened. The hacker managed to exploit the re-entry vulnerability in the alETH/msETH/pETH pools and hacked them for more than $24 million. Also, another $21 million was stolen from the CRV/ETH pool – 7,680 ETH and 7.2 million CRV, resulting in a total loss of over $100 million for Curve Finance. Later, PeckShieldAlert experts reported that it was possible to return 73% of the stolen money, which is $52.3 million, but the remaining $19.7 million is still at the disposal of the hacker.Continuation of the history of hacker attacks on the Bitfinex and FTX exchangesIlya Lichtenstein pleaded guilty to hacking the Bitfinex cryptocurrency exchange in 2016. Now he faces up to 20 years in prison, and his wife, who participated in laundering the stolen 120,000 BTC, – up to 10 years.Project Arkham Intelligence has announced a $46,000 reward for accurate information about the hacker involved in the November 2022 FTX hack. It is necessary to provide the name of the criminal and indisputable evidence of his guilt.Rumors about Huobi’s problemsChinese crypto exchange Huobi is facing suspicious balance shifts. One of the main reasons for concern was the fact that Huobi, according to analysts, had only about $41 million in assets, while the exchange has liabilities to customers in the amount of about $631 million. This raised fears that Huobi could be insolvent and will not be able to refund customers their money.Institutional interest in Bitcoin:The trend of institutional investors hoarding Bitcoin continues to gain momentum, highlighting the growth of the cryptocurrency market among large financial institutions. In the second quarter of 2023, Tether, the issuer of the USDT stablecoin, purchased 2,310 BTC worth $70 million. This became part of their investment strategy, in which they plan to invest 15% of their net income into Bitcoin. However, according to the latest report, they have so far invested only 7% of the declared volume. At the moment, Tether has 55,008 BTC on balance, which is almost $1.7 billion.Microstrategy also continues to actively accumulate Bitcoin. In June 2023, their CEO Michael Saylor purchased 12,333 BTC, which increased the total amount of cryptocurrency on the company’s balance sheet to 152,333 BTC. The following report shows that the company bought another 467 BTC, thereby increasing the total amount of cryptocurrencies to 152,800 BTC, which is equivalent to $4,468,000,000.Binance newsOne of the important news is the launch of the Binance crypto exchange in Japan, which is scheduled for August 14. 34 tokens will be available from the Japanese branch of Binance, including the BNB token, which will be available in Japan for the first time. This will expand the audience of the platform and provide Japanese investors with access to a wide range of cryptocurrency assets.Binance also introduced the FDUSD stablecoin, which was minted for $83,280,000. About $68.3 million of FDUSD was released on the Ethereum blockchain, and $14.98 million on the BNBChain. The total volume of FDUSD issuance is over $104.4 million, with 99.9% of all issued tokens being held on the Binance-controlled wallet. The daily trading volume of this stablecoin is $165 million, which indicates its active use.The Binance exchange continues to actively attract users from all over the world. The number of registered users has increased by 30 million in a year and now amounts to 150 million people. The company is also recognized as one of the world’s largest fintech companies, included in the list of the top 200 financial technology companies compiled by CNBC.

News 31.07-06.08

Curve Finance hack

On July 31, 2023, the biggest hack in the history of Curve Finance happened. The hacker managed to exploit the re-entry vulnerability in the alETH/msETH/pETH pools and hacked them for more than $24 million. Also, another $21 million was stolen from the CRV/ETH pool – 7,680 ETH and 7.2 million CRV, resulting in a total loss of over $100 million for Curve Finance. Later, PeckShieldAlert experts reported that it was possible to return 73% of the stolen money, which is $52.3 million, but the remaining $19.7 million is still at the disposal of the hacker.

Continuation of the history of hacker attacks on the Bitfinex and FTX exchanges

Ilya Lichtenstein pleaded guilty to hacking the Bitfinex cryptocurrency exchange in 2016. Now he faces up to 20 years in prison, and his wife, who participated in laundering the stolen 120,000 BTC, – up to 10 years.

Project Arkham Intelligence has announced a $46,000 reward for accurate information about the hacker involved in the November 2022 FTX hack. It is necessary to provide the name of the criminal and indisputable evidence of his guilt.Rumors about Huobi’s problems

Chinese crypto exchange Huobi is facing suspicious balance shifts. One of the main reasons for concern was the fact that Huobi, according to analysts, had only about $41 million in assets, while the exchange has liabilities to customers in the amount of about $631 million. This raised fears that Huobi could be insolvent and will not be able to refund customers their money.

Institutional interest in Bitcoin:
The trend of institutional investors hoarding Bitcoin continues to gain momentum, highlighting the growth of the cryptocurrency market among large financial institutions. In the second quarter of 2023, Tether, the issuer of the USDT stablecoin, purchased 2,310 BTC worth $70 million. This became part of their investment strategy, in which they plan to invest 15% of their net income into Bitcoin. However, according to the latest report, they have so far invested only 7% of the declared volume. At the moment, Tether has 55,008 BTC on balance, which is almost $1.7 billion.

Microstrategy also continues to actively accumulate Bitcoin. In June 2023, their CEO Michael Saylor purchased 12,333 BTC, which increased the total amount of cryptocurrency on the company’s balance sheet to 152,333 BTC. The following report shows that the company bought another 467 BTC, thereby increasing the total amount of cryptocurrencies to 152,800 BTC, which is equivalent to $4,468,000,000.

Binance news

One of the important news is the launch of the Binance crypto exchange in Japan, which is scheduled for August 14. 34 tokens will be available from the Japanese branch of Binance, including the BNB token, which will be available in Japan for the first time. This will expand the audience of the platform and provide Japanese investors with access to a wide range of cryptocurrency assets.

Binance also introduced the FDUSD stablecoin, which was minted for $83,280,000. About $68.3 million of FDUSD was released on the Ethereum blockchain, and $14.98 million on the BNBChain. The total volume of FDUSD issuance is over $104.4 million, with 99.9% of all issued tokens being held on the Binance-controlled wallet. The daily trading volume of this stablecoin is $165 million, which indicates its active use.

The Binance exchange continues to actively attract users from all over the world. The number of registered users has increased by 30 million in a year and now amounts to 150 million people. The company is also recognized as one of the world’s largest fintech companies, included in the list of the top 200 financial technology companies compiled by CNBC.

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