Prager Metis
The U.S. Securities and Exchange Commission (SEC) has reached a settlement with Prager Metis, the firm that conducted audits for FTX. The company agreed to pay $1.95 million in fines to settle two charges related to misconduct in conducting an audit of FTX, making false statements about FTX's financial condition, and failing to disclose the relationship between Alameda and FTX.
Singapore's DBS to Launch OTC Trading Services for Crypto Options and Structured Notes. Products to Be Available to Institutional Clients in Q4 2024
World Liberty Financial
Decrypt: Donald Trump's World Liberty Financial token sale will be regulated by the Securities and Exchange Commission (SEC). 63% of WLFI tokens are allocated for public sale, 17% will be used to reward users, and the remaining 20% will be used for the team's needs. WLFI is a non-transferable governance token for World Liberty Financial's lending platform. The token will be sold under SEC Rule 506(c) Regulation D. This rule allows unregistered securities to be sold in the US, but only to accredited investors.
MicroStrategy plans to raise $700 million through the sale of convertible bonds. The money will be used to refinance $500 million in debt and buy bitcoin.
The ETH/BTC pair hit its April 2021 low and fell below 0.4. The weakness of ETH against Bitcoin has gradually increased since the merger and Ethereum's transition to Proof-Of-Stake (PoS).
DeltaPrime protocol
More than $6 million was stolen from the DeltaPrime protocol. The project operates on the Arbitrum and Avalanche networks, only the Arbitrum version was affected. The hack occurred due to the leak of the administrator's private key.
Circle
Blockchain Analyst ZACHXBT accused Circle of delayed blocking the stolen funds. He claims that Circle has never frozen the funds received as a result of exploits or hacker attacks in Defi, although the company had the opportunity to do this. At the same time, Circle continues to earn money with USDC, even if these funds were stolen. He also noted that Circle took 4.5 months to add some Lazarus Group accounts, although other projects did it at once. Zachxbt emphasized that Circle is law -abiding only in public, and not in reality.
Former FTX Director General SAM Bankman-Fried filed an appeal and demanded a new trial in his case. Lawyers accused the court of a biased attitude. Also, a procedural violation was charged.
Catizen
Catizen has become another project on Binance Launchpool. Users will be able to start farming CATI tokens from September 16, and the listing will take place on September 20.
MicroStrategy acquired an additional 18,300 BTC for $1.11 billion. In total, the company holds 244,800 BTC worth $9.45 billion.