https://siliconangle.com/2023/12/28/blockchain-based-levana-protocol-exploited-1-million-crypto-hack/
"Протокол бессрочных фьючерсных свопов Levana объявил 27 декабря, что он подвергся эксплойту, который привел к потерям на сумму около 1,1 миллиона долларов из его пулов ликвидности."

I still don’t see any real and widespread use of NFTs. Sometimes I look at statistics
https://www.cryptoslam.io/
And the NFT collections in this list are constantly updated, but a lot of NFT tokens become useless garbage and pain for beginners who bought them very expensive.
The previously popular Bored Ape Yacht Club and CryptoPunks now have low liquidity. The influx of new hamsters has dried up and sales statistics are low.

In my opinion this policy is very easy to explain. Tether is supported by American Treasuries. If you store, use Tether or UСDS, then you are supporting the American economy, even if you don't want to. It’s time for a country like China to make its own stablecoin that will work for its economy.

https://fortune.com/crypto/2024/01/03/coinbase-usdc-terra-sec-gary-gensler-stablecoin-lawsuit/
"USDC is already a unique situation. Nominally, its issuer until recently was the Centre Consortium, which was really just a partnership between Circle and Coinbase. In August, the two firms finally sunsetted Centre, formalizing the stablecoin’s 50/50 split, though Circle would continue to handle matters of governance. Coinbase, however, is the main purveyor of USDC. If you go on its dedicated page now, you’ll be met with an offer: Buy USDC and earn a 5.1% reward by “simply holding USDC on Coinbase.”

At this point, you may ask yourself why the USDC rewards program is so different from UST and Anchor Protocol. I did, so I asked Todd Phillips, a financial regulation expert and assistant professor at Georgia State University. “Coinbase is playing a dangerous game,” he told me. “I do not know how they can justify that as not being an investment contract.”

There are several complicating factors. For one, Coinbase says that the rewards come from its own funds, which it writes off as marketing expenses, as opposed to doling out yields based on its own investments. At worst, one could describe this as a subterfuge to hide that the yield is still just a promise of Coinbase’s future success. According to Phillips, any “rational court” would see through the tactic."

__
Istria with Terra may repeat itself. 5.1% is not 20% per annum, but it is a very large profit that no bank in the US gives on deposits.

First hack in 2024
https://ambcrypto.com/radiant-capital-falls-prey-to-this-security-hack-details-here/
Radiant Capital falls prey to this security hack.

"Radiant Capital faced a cyber attack, resulting in a loss of over $4.4 million.
The breach prompts a temporary pause, leading to a decline in sentiment for both Radiant Capital and Arbitrum.
Radiant Capital [RDNT] is a platform that seeks to unify fragmented liquidity across various lending protocols and chains in the decentralized finance (DeFi) space. However, recent events have cast a shadow on its integrity as the platform fell victim to a malicious attack."

I understand from the point of view of the legislation of my country, but these payments cannot be structuring if this share belongs to a business partner. It turns out that his business partner must declare these bitcoins and pay taxes. But such agreements must be legalized. Of course, the best thing to say is a tax consultant, but if taxes are paid, then there is no crime here.

https://www.msn.com/en-us/money/markets/eu-banking-watchdog-to-deepen-probe-of-links-between-banks-crypto-entities-ft/ar-AA1moPAs
"Тhe European Banking Authority (EBA), the regulator that conducts stress tests on European Union banks, will take additional steps to predict how strains in non-bank financial institutions (NBFIs), including cryptocurrency-related entities, will affect the lenders, according to the Financial Times.

Concern over contagion has triggered the need to "dig deeper into the links between banks and other financial firms," José Manuel Campa, EBA chair, said in an interview with the FT. "We should be doing more and we are going to be doing more. We need to have an understanding of the whole underlying chain in NBFIs.”

According to the FT report, NBFIs hold around $219 trillion, almost half of the world's financial assets."

https://storage.courtlistener.com/recap/gov.uscourts.nysd.594150/gov.uscourts.nysd.594150.149.0.pdf
"In this case, the Securities and Exchange Commission (“SEC”)
alleges that the defendants -- Terraform Labs Pte. Ltd., a “cryptoassets” company, and its founder, Do Hyeong Kwon –- orchestrated
a multi-billion-dollar fraud involving the development, marketing,
and sale of various cryptocurrencies. The SEC’s claims, all brought
under the federal securities laws, include a claim that defendants
offered and sold unregistered securities, claims that defendants
offered and effected transactions in unregistered security-based
swaps, and claims that defendants engaged in fraudulent schemes to
lead investors astray. One of the alleged fraudulent schemes is
that defendants misrepresented that one of Terraform’s crypto
asset securities, UST, was permanently pegged to a $1.00 price
through an automatic self-stabilizing algorithm, rather than
through the intervention of a third-party trading firm with whom
defendants struck a secret deal. .."

___
To put it simply, 72 pages indicate that the court was on the side of the SEC in that Terraform Labs and Do Kwon sold unregistered securities of UST, LUNA..
There will be a jury trial on January 29, 2024
https://cointelegraph.com/news/breaking-us-court-rules-favor-sec-do-kwon-terraform-labs-case

https://pib.gov.in/PressReleasePage.aspx?PRID=1991372

"Financial Intelligence Unit India (FIU IND) issues compliance Show Cause Notices to nine offshore Virtual Digital Assets Service Providers (VDA SPs)
FIU IND writes to Ministry of Electronics and Information Technology to block URLs of the nine entities operating illegally without complying with the provisions of PML Act in India
Posted On: 28 DEC 2023 8:56PM by PIB Delhi
Virtual Digital Assets Service Providers (VDA SPs) were brought into the ambit of Anti Money Laundering/Counter Financing of Terrorism (AML-CFT) framework under the provisions of the Prevention of Money Laundering Act (PML) Act, 2002 in March 2023.

As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued compliance Show Cause Notices to following nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act, 2002 (PMLA)."

___
Websites of famous crypto exchanges will be blocked in India for violating laws, but VPN always works.

https://www.theblock.co/post/269517/zksync-outpaces-ethereum-in-monthly-transaction-volume-propelled-by-inscription-activity
"zkSync, a Layer 2 scaling solution for Ethereum, processed more transactions than the Ethereum mainnet over the past month.
zkSync handled 34.7 million transactions in 30 days, surpassing Ethereum’s 34.2 million in the same period.

zkSync, a Layer 2 scaling solution for Ethereum, recorded more transactions than the Ethereum mainnet over a one-month period, processing 34.7 million transactions in the past 30 days.

A total of 34.2 million transactions were recorded on Ethereum's mainnet during the same period, according to L2Beat data. Next in line was Arbitrum, which saw 31.4 million transactions over the past 30 days."

I use the Ledger hardware wallet with Metamask, but Metamask also collects user data. It is still possible to find secure wallets for Bitcoin, but it is difficult to do so for altcoins if you want to use hardware wallets. And I think we don’t know about surveillance on other wallets.

https://www.coindesk.com/markets/2023/12/28/pancakeswap-proposes-to-reduce-cake-token-supply-by-300-million/
"Decentralized crypto exchange PancakeSwap's Thursday proposal to reduce the supply of its CAKE token by 300 million was welcomed by most of its voting community.
The decentralized autonomous organization (DAO) controlling the governance of PancakeSwap floated a vote proposal to reduce the maximum supply of CAKE from 750 million to 450 million. The voting period began in early European hours on Thursday and will last until 8:00 am UTC on Friday."

https://www.investopedia.com/terms/s/simple-agreement-future-tokens-saft.asp

"A simple agreement for future tokens (SAFT) is an investment contract offered by cryptocurrency developers to accredited investors. Because SAFTs are considered a security instrument, they must be filed with the Securities and Exchange Commission.

A Simple Agreement for Future Equity (SAFE) allows investors who put cash into a startup to convert that stake into equity at a later date—as long as specific conditions are met. For example, the company that received funds from the investor might specify in the contract that it must achieve specific goals before it issues the equity."

I have long been interested in how startups in the United States receive funding and register their projects with the SEC. SAFT and SAFE helps to attract money and easily register with the SEC, but there are other pitfalls.

https://www.sec.gov/education/smallbusiness/exemptofferings/rule506b
"Rule 506(b) of Regulation D is considered a “safe harbor” under Section 4(a)(2). It provides objective standards that a company can rely on to meet the requirements of the Section 4(a)(2) exemption. Companies conducting an offering under Rule 506(b) can raise an unlimited amount of money and can sell securities to an unlimited number of accredited investors. An offering under Rule 506(b), however, is subject to the following requirements:

no general solicitation or advertising to market the securities
securities may not be sold to more than 35 non-accredited investors (all non-accredited investors, either alone or with a purchaser representative, must meet the legal standard of having sufficient knowledge and experience in financial and business matters to be capable of evaluating the merits and risks of the prospective investment)"

Solana, Near, Flow, SAND and many other projects used this method and then violated Rule 506(b) by using active marketing after the sale. SEC is already preparing new claims.

In the United Arab Emirates, taxes are included in the standard of living. In these countries, real estate is very expensive, legal services for registering companies, medicine, education and real estate rental are also expensive. 4-5 months of the year it is very hot there, and if you are not used to temperatures of 50 degrees Celsius during the day, then it will be very difficult for you.

You try to act like hunters who have recently come to hunt and begin to divide the unkilled prey among themselves. Bitcoin is not primarily protected by legal laws that will not help ordinary citizens. Bitcoin is protected by mathematical laws that are fairer.

https://www.theblock.co/post/269809/orbit-chains-bridge-reportedly-hacked-for-81-5-million
Orbit Chain's bridge reportedly hacked for $81.5 million

"Orbit Chain’s cross-chain bridge has reportedly been hacked for $81.5 million in cryptocurrencies and stablecoins.
The exact nature of the hack is unknown.

Orbit Bridge, a cross-chain bridge protocol, has seen unusual outflows of $81.5 million in several cryptocurrencies in what appears to be a major hack.

In five separate transactions, each to a fresh wallet, the Orbit Bridge sent $50 million in stablecoins (30 million Tether, 10 million DAI, and 10 million USDC), 231 wBTC (about $10 million), and 9,500 eth (about $21.5 million). The hack was first noticed by X user Kgjr. "

https://airdrop.scroll.name/
Если вы покупали домены в этом проекте, то можно заклеймить дроп в экосистеме scroll. 1000 токенов меньше доллара, но клейм дешовый и дополнительная активность.

В долгосрок BTC не выживет. Несмотря на конфикты во всех веущих странах одна и та же финансовая политика, поэтому после адаптации СБДС для BTC будет наступать конец.
Мы ожидаем спотового etf в США, но он уже торгуется в Канаде, Европе, Азии. С правильными альтами как эфириум все будет прекрасно, но потратьть легально их будет сложно, а на нелегальные деньги много не купишь.

Я не уверен что в это говно ктото загонит милионы долларов ликвидности и даст левому юзеру продать. На этот случай хорошо работают блокировки в смартконтрактах.

https://www.forbes.com/sites/digital-assets/2023/12/27/nigerian-banks-set-to-launch-compliant-naira-stablecoin-in-2024/
"Following the Central Bank of Nigeria's circular, a consortium of Nigerian banks, fintechs, and blockchain companies are developing a Naira stablecoin, cNGN, with sources close to the project stating a planned launch in 2024.

Naira Stablecoins
The concept of a Naira stablecoin has been floating around for several years, with previous attempts in the past. The most recent was NGNT by the Token Mint consortium in 2019, consisting of major Nigerian crypto exchanges and African communities, including Helicarrier and Busha. NGNT is pegged 1:1 with the Naira and is on the Binance Smart Chain and the Ethereum Network, as BEP-20 and ERC-20 tokens, respectively."