TL;DR Breakdown The yield curve for US Treasurys is facing inversion, historically seen as an indicator of impending recessions. The Fed’s series of interest rate hikes over the past year have raised concerns among some investors that it could slow down the economy to the point of triggering a recession. Despite the yield curve inversion, the US economy has shown resilience. Description About a year ago, the yield curve for US Treasurys experienced an inversion, meaning that short-term bonds offered higher interest rates than their long-term counterparts. Recently, the gap between two specific bonds reached its widest point since 1981, further deepening this inversion. The yield curve, which had already been inverted, has become even more pronounced … Read more About a year ago, the yield curve for US Treasurys experienced an inversion, meaning that short-term bonds offered higher interest rates than their long-term counterparts. Recently, the gap between two specific bonds reached its widest point since 1981, further deepening this inversion. The yield curve, which had already been inverted, has become even more pronounced in its divergence between short-term…

TL;DR Breakdown None Trading, a once-promising crypto trading bot company, has ceased operations due to a critical security exploit and the departure of three core team members. The $NONE token had quickly gained popularity, amassing over 1,600 holders and generating $60,000 in community earnings before the company announced significant funding and token losses. Token holders have a 30-day window to claim rewards and withdraw funds, but the shutdown leaves questions about the sustainability and security of similar projects in the crypto space. Description In a shocking turn of events, None Trading ($NONE), once a rising star in the crypto trading bot space, has announced the cessation of its operations. The company cited a “critical exploit within our infrastructure” and the departure of three core team members as the reasons behind this drastic decision. Critical exploit and team departures … Read more In a shocking turn of events, None Trading ($NONE), once a rising star in the crypto trading bot space, has announced the cessation of its operations. The company cited a “critical exploit within our infrastructure” and the departure of…

TL;DR Breakdown Chainlink co-founder Sergey Nazarov highlights hurdles faced by banks in embracing blockchain technology. Nazarov acknowledged that SWIFT dominates the banking world as the most straightforward method for conducting international payments and settlements.  Nazarov highlighted a real-world application of Chainlink’s CCIP, involving the Australian Bank ANZ. Description In a recent interview, Sergey Nazarov, co-founder of Chainlink, shed light on the challenges faced by traditional banks when it comes to adopting blockchain technology. He pointed out that, unlike startups, banks did not begin with blockchain technology as a foundational component, which puts them at a disadvantage in the race to adopt this transformative … Read more In a recent interview, Sergey Nazarov, co-founder of Chainlink, shed light on the challenges faced by traditional banks when it comes to adopting blockchain technology. He pointed out that, unlike startups, banks did not begin with blockchain technology as a foundational component, which puts them at a disadvantage in the race to adopt this transformative innovation. .@chainlink Co-Founder @SergeyNazarov joins @JillMalandrino on @Nasdaq #TradeTalks to discuss what it means for Web3 with banks moving…

TL;DR Breakdown Brazilian lawmakers are seeking to include cryptocurrency holdings within the scope of this protective legislation. The recognition of cryptocurrencies as a form of real money within the regulatory framework paves the way for extending asset protection to crypto holdings. Description As discussions continue among Brazilian lawmakers regarding a bill aimed at offering robust protection to a significant portion of debtors’ savings assets, a separate initiative is seeking to include cryptocurrency holdings within the scope of this protective legislation. Expanding asset protection bill to include cryptocurrency The proposed bill, numbered 4.420/2021 and authored by Deputy Carlos … Read more As discussions continue among Brazilian lawmakers regarding a bill aimed at offering robust protection to a significant portion of debtors’ savings assets, a separate initiative is seeking to include cryptocurrency holdings within the scope of this protective legislation. Expanding asset protection bill to include cryptocurrency The proposed bill, numbered 4.420/2021 and authored by Deputy Carlos Bezerra, is currently undergoing consideration by the Constitution, Justice, and Citizenship Committee of the lower chamber of the Brazilian Parliament. This bill seeks to amend…

TL;DR Breakdown Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages. Users have reported receiving phishing emails claiming to be from Celsius. Scammers have also been impersonating Stretto, the claims agent responsible for managing the bankruptcy case. Description Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages, adding to the woes of customers who have been awaiting resolution since the crypto lender halted withdrawals in June 2022. Reports on social media have revealed an alarming surge in phishing attacks, with scammers impersonating … Read more Creditors have fallen prey to a new wave of phishing attacks as Celsius Network’s bankruptcy proceedings approach their final stages, adding to the woes of customers who have been awaiting resolution since the crypto lender halted withdrawals in June 2022. Reports on social media have revealed an alarming surge in phishing attacks, with scammers impersonating Stretto, the bankruptcy services platform for Celsius and its creditors. Contents hide 1 Phishing attempts escalate 2 Ongoing…

TL;DR Breakdown The OECD forecasts that the UK will have one of the weakest economic performances among advanced economies in the current year and the following year. UK inflation, though high, fell more than expected in August, dropping to 6.7%. The Pound Sterling experienced a decline against major currencies following the softer-than-expected inflation data. Description New forecasts indicate that the UK is poised to have one of the weakest economic performances among advanced economies in the current year and the following year. The Organisation for Economic Cooperation and Development (OECD) has projected that while Britain’s economic growth this year will outpace Germany and Argentina, it is expected to lag behind … Read more New forecasts indicate that the UK is poised to have one of the weakest economic performances among advanced economies in the current year and the following year. The Organisation for Economic Cooperation and Development (OECD) has projected that while Britain’s economic growth this year will outpace Germany and Argentina, it is expected to lag behind all other advanced nations. The concerning forecast is compounded by former Bank…

TL;DR Breakdown The crypto crime game has taken on new heights, one dance law enforcers and crypto criminals will be at for a long time. Crypto criminals have shifted from the mixers, after the US-led enforcement actions and sanctions, to cross-chain solutions to advance their money laundering activities. The Lazarus groups’ recent activities shed light on the shift from Mixers crime to cross-chain crime Description Law enforcement and fights against crime are often a race between the criminals and the enforcers. The race may require more tactics for the other party to win or outrun the other. For instance, too many restrictions in one jurisdiction may prompt criminals to shift their operations to another jurisdiction, referred to as ‘Crime displacement.’ … Read more Law enforcement and fights against crime are often a race between the criminals and the enforcers. The race may require more tactics for the other party to win or outrun the other. For instance, too many restrictions in one jurisdiction may prompt criminals to shift their operations to another jurisdiction, referred to as ‘Crime displacement.’ This is…

TL;DR Breakdown Injective introduces inEVM, the first-ever Ethereum Virtual Machine (EVM) capable of achieving composability across Cosmos and Solana. The new platform promises Ethereum developers unmatched access to Injective’s global network, ultra-fast transaction speeds, and a smoother development experience. Description In an era where blockchain integration is more than a luxury—it’s a necessity, Injective steps up to the plate with a groundbreaking innovation. The company has recently unleashed its inEVM platform, designed as a masterstroke to bridge the once disparate worlds of Solana, Cosmos, and Ethereum. This ambitious endeavor is more than just a technical … Read more In an era where blockchain integration is more than a luxury—it’s a necessity, Injective steps up to the plate with a groundbreaking innovation. The company has recently unleashed its inEVM platform, designed as a masterstroke to bridge the once disparate worlds of Solana, Cosmos, and Ethereum. This ambitious endeavor is more than just a technical feat; it signifies a paradigm shift in how blockchains can interact, collaborate, and expand their horizons. As the lines between distinct blockchain networks blur, Injective inEVM emerges…

TL;DR Breakdown Balancer’s front end was targeted in an attack, leading to user wallets being drained via a malicious contract. This is the second major security incident in a month for Defi protocol, with an earlier vulnerability leading to a $2 million exploit. Description In a distressing development for the cryptocurrency community, the Ethereum-based decentralized finance (DeFi) protocol, Balancer, recently faced a serious security breach. This comes just weeks after Balancer warned its users of a critical vulnerability. The platform has now again urged its users to refrain from interacting with its interface due to this new attack. Contents … Read more In a distressing development for the cryptocurrency community, the Ethereum-based decentralized finance (DeFi) protocol, Balancer, recently faced a serious security breach. This comes just weeks after Balancer warned its users of a critical vulnerability. The platform has now again urged its users to refrain from interacting with its interface due to this new attack. Contents hide 1 Sophisticated attack targeting user wallets 2 Analysts estimate a hefty loss 3 A troubling month for balancer 4 Conclusion Sophisticated attack…

TL;DR Breakdown Allegations suggest that the FTX founder’s family rerouted company funds to Stanford University, prompting the institution to consider refunding $5.5 million. Beyond Stanford, the Metropolitan Museum of Art also plans to return substantial donations from FTX, emphasizing the widespread impact of FTX’s financial controversies. Description In a rapidly evolving situation that interweaves the worlds of cryptocurrency, academia, and art, Stanford University and the Metropolitan Museum of Art have found themselves entangled in the financial web spun by the once-prominent crypto exchange, FTX. Allegations of fund rerouting by family members of FTX’s founder have thrust the entities into the spotlight, prompting … Read more In a rapidly evolving situation that interweaves the worlds of cryptocurrency, academia, and art, Stanford University and the Metropolitan Museum of Art have found themselves entangled in the financial web spun by the once-prominent crypto exchange, FTX. Allegations of fund rerouting by family members of FTX’s founder have thrust the entities into the spotlight, prompting a deep dive into the nature and intent of donations made.  Contents hide 1 The background: Ties between Stanford and…