[Ian GPT] CFTC fines Opyn, 0x Protocol, and Deridex for offering "illegal derivatives trading”

• Opyn, 0x, and Deridex to pay fines of $250k, $200k, and $100k respectively after cooperating and receiving reduced charges.

• “Deridex and Opyn are charged with failing to register as a swap execution facility (SEF) or designated contract market (DCM), and failing to register as a futures commission merchant (FCM)”.

• Opyn also failed to adopt a customer identification program (KYC) as part of a Bank Secrecy Act compliance program, as required of FCMs.

• The order clearly states that geoblocking users is not enough of a measure.

• “0x Protocol, Opyn and Deridex are also charged with illegally offering leveraged and margined retail commodity transactions in digital assets”.

• In the case of 0x & Matcha, they were at fault for allowing users to trade tokens “developed and issued by a third party unaffiliated with 0x that provided traders approximately 2:1 leveraged exposure to digital assets such as ether and bitcoin”.

• Statement from 0x Protocol & Matcha that both continue to “operate with no problem”.

• No statement from Opyn yet.

• Deridex shutdown on 9 Feb, 2023

CFTC Press Release

Slowmist: Crypto professionals please update your Apple products. The Pegasus group is using iMessage accounts to send PassKit attachments of malicious images to victims to trigger attacks. The exploit chain has now been made public. Apple has urgently released an update patch. — link

Friend Tech Stats - 9/9/23

https://x.com/cryptoian/status/1700442723973750909

Banana Gun Token Launch Details

- $BANANA will have a circulating supply of 2.4M at launch, with a B/S tax of 4%/4%
- Liquidity will be seeded for a $1.56M starting market cap at a price of $0.65 at launch (presale price)
- BANANA-USD Perps market on Aevo trading at ~$7
- With total supply of 10M tokens, market is valuing $BANANA at $70M FDV

- Token will launch "early next week".

Aevo Ref Link
Tokenomics

Vitalik’s Twitter Account Hacked

- attacker managed to steal ~$700k from users who clicked on the phishing link
- account access has been restored

https://x.com/officer_cia/status/1700663821558325464

*edit: $700k, not $700m

RE: FTX asset liquidations.

Reminder that most of the $SOL is on a vesting schedule until ~2027.

See: https://news.1rj.ru/str/iansintel/513

FTX files for recovery against Layer Zero and its senior employee.

- Layer Zero: $21M
- Ari Litan: $13M
- Skip & Goose: $6.5M

h/t: sunil_trades
official docs: https://restructuring.ra.kroll.com/FTX/Home-DocketInfo

Could this affect ZRO launch? 🤔

[IanGPT] CEO of Layer Zero Responds to FTX Suit

• CEO labels FTX lawsuit as "unsubstantiated," cites year-long ignored communication on share ownership.
• Refutes preferential withdrawal claims; notes personal deposits of millions before FTX's bankruptcy.
• Withdrawals mostly for standard gas rebalancing between L1 currencies.
• Criticizes FTX's "outrageous" gross withdrawal-based accounting.
• Tried to repurchase STG tokens; claims FTX counsel lacks basic blockchain knowledge.
• Condemns FTX's "mudslinging," eager to settle in court.

Source

DOT Token Unlock Alert

- according to parachains.info, ~100M DOT (~$400M) is scheduled to be unlocked on Oct 24, 2023
- DOT is trading at ~$4 as of the time of writing, -84% down since the tokens were locked in Dec 2021

https://twitter.com/_FabianHD/status/1701064554338226468

ZachXBT Donation Refund Claims is Live

https://twitter.com/zachxbt/status/1701232146159931730
https://twitter.com/0xCygaar/status/1701236162340262285

According to Messari, only $9.2M SOL held by Alameda will be unlocked per month

https://x.com/MessariCrypto/status/1701271690150396278
https://messari.io/report/ftx-liquidations-update

[IanGPT] Visa Deep Dive on Solana

• Visa sees Solana as a promising blockchain for mainstream payments.
• High Transaction Throughput: Solana averages 400 TPS, surging to 2,000 TPS at peak, compared to Ethereum's 12 TPS.
• Parallel Processing: Solana's multi-threaded design enables simultaneous transaction execution, improving efficiency.
• Low Costs: Transaction fees under $0.001, predictable due to localized fee markets.
• Fast Finality: Targets 400ms slot time, uses "optimistic confirmation" for quick transaction finality.
• High Availability: 1,893 active validators, 925 RPC nodes, diverse geography.
• Multiple Validator Clients: Increases network resilience.
• Visa plans to test Solana in its stablecoin settlement pilot for corporate treasury operations.

Source

Binance Futures Experiencing Technical Issue

https://twitter.com/cz_binance/status/1701516534181400600?

[IanGPT] Mantle Partners with Ondo Finance for RWA Stablecoin USDY

- USDY is a tokenized note backed by US Treasuries and bank deposits
- USDY holders earn yield, currently at ~5% APY
- users do not need to onboard with Ondo to acquire or trade USDY
- users who want to mint USDY have to onboard with Ondo, and require KYC to do so. this is available to "nearly all non-US individuals and institutions"

- USDY will have two forms, a rebasing & accumulating form:
— accumulating form (native form): redemption value increases based on interest rate set by Ondo
— rebasing form (launching mid-October): wrapped USDY (rUSDY), value stays pegged at $1, interest accrued via new rUSDY tokens

News Source
rUSDY Mechanics