TL;DR Breakdown MetaMask Snaps has integrated with Solflare, a Solana wallet provider, allowing users to manage their Solana assets directly through the popular MetaMask wallet. The integration aims to remove the barrier of installing a new wallet for potential Solana users and is part of a broader strategy to make MetaMask more versatile. Description MetaMask Snaps has integrated with Solflare, a Solana wallet provider. This collaboration allows users to manage their Solana assets directly through MetaMask, a wallet that boasts over 100 million users. The integration aims to eliminate the cumbersome process of installing a new wallet, which has been a barrier for many potential Solana users. Filip Dragoslavic, … Read more MetaMask Snaps has integrated with Solflare, a Solana wallet provider. This collaboration allows users to manage their Solana assets directly through MetaMask, a wallet that boasts over 100 million users. The integration aims to eliminate the cumbersome process of installing a new wallet, which has been a barrier for many potential Solana users. MetaMask adds support for Solana with Solflare By installing the @solana Snap made by Solflare,…

TL;DR Breakdown Zodia Custody, a subsidiary of Standard Chartered (STAN), has officially launched its cryptocurrency storage services in Singapore. The establishment of Zodia Custody in Singapore signifies a unique convergence of traditional financial institutions with digital asset firms within the country.  Description Zodia Custody, a subsidiary of Standard Chartered (STAN), has officially launched its cryptocurrency storage services in Singapore. The firm has established a new entity known as Zodia Custody (Singapore) Pvt. Limited and has appointed Kai Kano, the former managing director of Bitgo, as its inaugural CEO. This move by Zodia Custody comes as Singapore witnesses … Read more Zodia Custody, a subsidiary of Standard Chartered (STAN), has officially launched its cryptocurrency storage services in Singapore. The firm has established a new entity known as Zodia Custody (Singapore) Pvt. Limited and has appointed Kai Kano, the former managing director of Bitgo, as its inaugural CEO. This move by Zodia Custody comes as Singapore witnesses a burgeoning interest in digital asset custody services, particularly among financial institutions. Notably, Zodia Custody has strategically entered the Singaporean market before it becomes a…

TL;DR Breakdown Ripple’s swift response prevented client fund losses in the Fortress Trust security incident. A third-party vendor’s cloud tool compromise led to the vulnerability at Fortress Trust. Fortress Trust confirmed that impacted wallets were fully restored without significant losses. Description In a swift and decisive move, leading crypto payments business Ripple (XRP) has stepped in to mitigate the fallout from a recent security incident that left clients of Fortress Trust in a state of vulnerability. The incident, which Fortress attributed to a compromised third-party vendor’s cloud tool, initially raised concerns about the safety of client … Read more In a swift and decisive move, leading crypto payments business Ripple (XRP) has stepped in to mitigate the fallout from a recent security incident that left clients of Fortress Trust in a state of vulnerability. The incident, which Fortress attributed to a compromised third-party vendor’s cloud tool, initially raised concerns about the safety of client funds. However, thanks to Ripple‘s quick response, no funds were lost. Just a few days ago, Fortress Trust sounded the alarm regarding a critical exploit affecting…

TL;DR Breakdown MetaMask and PayPal team up to offer seamless crypto-to-fiat conversions. PayPal’s Web3 integration with MetaMask makes crypto transactions convenient to US customers. With robust security features, PayPal aims to bridge the gap between traditional finance and crypto. Description PayPal has bolstered its support for cryptocurrencies, including Bitcoin (BTC). Effective September 11th, the global payment giant has rolled out on- and off-ramps for Web3 payments, ushering in a wave of possibilities for American customers. This latest enhancement empowers users to seamlessly convert their cryptocurrency holdings into fiat currency, depositing the funds directly into their … Read more PayPal has bolstered its support for cryptocurrencies, including Bitcoin (BTC). Effective September 11th, the global payment giant has rolled out on- and off-ramps for Web3 payments, ushering in a wave of possibilities for American customers. This latest enhancement empowers users to seamlessly convert their cryptocurrency holdings into fiat currency, depositing the funds directly into their PayPal accounts. Moreover, the Web3 ecosystem can utilize PayPal’s off-ramp, encompassing wallets, decentralized applications, and Non-fungible Tokens (NFT) markets. MetaMask is one of the first platforms to…

TL;DR Breakdown Tencent Cloud and Ankr have partnered to launch Tencent Cloud Blockchain RPC, a Web3-native product aimed at providing robust blockchain infrastructure access to organizations and enterprises. The service offers a gateway to popular blockchain networks like Ethereum Mainnet, BNB Smart Chain, and Polygon PoS, and is designed to handle up to 1,800 requests per second per chain. It aims to simplify blockchain interactions for developers by eliminating the need to set up and maintain individual nodes. The partnership marks a significant step in the integration of decentralized platforms with established tech giants, potentially paving the way for increased investment, innovation, and adoption in the crypto space. Description Tencent Cloud has partnered with Ankr, a leading decentralized blockchain infrastructure provider, to launch Tencent Cloud Blockchain RPC. This Web3-native product aims to provide organizations and enterprises with more efficient and robust access to blockchain infrastructure. The service, now available on Tencent Cloud’s online marketplace, offers an instant portal to key blockchain networks like Ethereum … Read more Tencent Cloud has partnered with Ankr, a leading decentralized blockchain infrastructure provider, to…

TL;DR Breakdown Hackers responsible for the $41 million hack of cryptocurrency casino Stake have managed to shift an additional $328 million worth of assets. The recent transfers involved 300 Binance Coin (BNB) tokens, valued at approximately $61,500, which were sent to an externally owned address with the identifier “0x695.” Description In a continuing saga of cryptocurrency thefts and exploits, hackers responsible for the $41 million hack of cryptocurrency casino Stake have managed to shift an additional $328 million worth of assets, according to blockchain security firm CertiK. This latest development follows the initial exploit that occurred on September 4, which resulted in the theft of … Read more In a continuing saga of cryptocurrency thefts and exploits, hackers responsible for the $41 million hack of cryptocurrency casino Stake have managed to shift an additional $328 million worth of assets, according to blockchain security firm CertiK. This latest development follows the initial exploit that occurred on September 4, which resulted in the theft of a substantial amount of digital assets. The recent transfers involved 300 Binance Coin (BNB) tokens, valued at…

TL;DR Breakdown Alex Mashinsky, the founder and former CEO of crypto lender Celsius, is making a legal push to have the Federal Trade Commission (FTC) drop its case against him. Mashinsky has consistently maintained that these allegations are “baseless.”  The FTC’s case against him appears to rely on the fact that he retweeted a blog post by Celsius, an action he believes should not make him culpable. Description Alex Mashinsky, the founder and former CEO of crypto lender Celsius, is making a legal push to have the Federal Trade Commission (FTC) drop its case against him. In a recent court filing on Monday, Mashinsky’s legal team argued that the FTC’s allegations lack the required elements to support their claims that he misled investors.  … Read more Alex Mashinsky, the founder and former CEO of crypto lender Celsius, is making a legal push to have the Federal Trade Commission (FTC) drop its case against him. In a recent court filing on Monday, Mashinsky’s legal team argued that the FTC’s allegations lack the required elements to support their claims that he misled…

TL;DR Breakdown Franklin Templeton, a financial giant managing nearly $1.5 trillion in assets, has filed for a Bitcoin ETF, aiming to list it on the Cboe BZX Exchange. The proposed ETF would be a series within the Franklin Templeton Digital Holdings Trust, with Coinbase Custody Trust Company serving as the fund’s custodian. The filing comes amid a shifting regulatory landscape, as a recent court ruling against the SEC’s denial of Grayscale’s Bitcoin Trust conversion has increased optimism for future Bitcoin ETF approvals. Description Franklin Templeton, a traditional finance giant managing nearly $1.5 trillion in assets, has announced its intention to launch a Bitcoin Exchange-Traded Fund (ETF). The firm disclosed its plans in a recent filing, aiming to list the fund on the Cboe BZX Exchange. This move places Franklin Templeton in the growing list of financial institutions seeking … Read more Franklin Templeton, a traditional finance giant managing nearly $1.5 trillion in assets, has announced its intention to launch a Bitcoin Exchange-Traded Fund (ETF). The firm disclosed its plans in a recent filing, aiming to list the fund on the…

TL;DR Breakdown The DOJ and Sam Bankman-Fried’s legal representatives have submitted proposed questions to the jury. Court refuses to make changes to SBF’s bail appeal. Description As the trial of FTX founder Sam Bankman-Fried approaches, his defense team and the Department of Justice (DOJ) have jointly submitted proposed jury questions to the overseeing judge. These questions aim to assess prospective jurors’ familiarity with Sam Bankman-Fried, cryptocurrency, and the now-defunct crypto empire he was associated with. The trial, which is scheduled to … Read more As the trial of FTX founder Sam Bankman-Fried approaches, his defense team and the Department of Justice (DOJ) have jointly submitted proposed jury questions to the overseeing judge. These questions aim to assess prospective jurors’ familiarity with Sam Bankman-Fried, cryptocurrency, and the now-defunct crypto empire he was associated with. The trial, which is scheduled to begin in three weeks, will see Sam Bankman-Fried face seven criminal charges. DOJ and SBF’s lawyers seek possible connection with the jurors The proposed jury questions are intended to identify any jurors who might have prior knowledge of the case, experience…

TL;DR Breakdown CoinShares has revealed that investors are concerned about Ethereum. Market trends and the path forward for cryptocurrencies. Description Institutions have taken a lukewarm stance toward Ethereum in 2023, with significant sell-offs of this digital asset dominating the year so far. According to the latest analysis from CoinShares, Ethereum has witnessed outflows of $4.8 million in the past week alone, contributing to a total of $108 million in sales within the year. CoinShares’ head … Read more Institutions have taken a lukewarm stance toward Ethereum in 2023, with significant sell-offs of this digital asset dominating the year so far. According to the latest analysis from CoinShares, Ethereum has witnessed outflows of $4.8 million in the past week alone, contributing to a total of $108 million in sales within the year. CoinShares’ head of research, James Butterfill, described Ethereum as the “least loved digital asset” among exchange-traded product (ETP) investors, surpassing its closest rival, Tron, by over $50 million. CoinShares reveals key details about Ethereum’s struggles Despite these challenges, the tide may turn soon as Cathie Wood’s Ark Invest applied…