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🔥Q3 2023: A hot mess for crypto security!💸 Over $699M in digital assets vanished in 184 security incidents, making it the "most financially damaging" quarter this year, says CertiK's report.🔑 Private key compromises took the lion's share with $204M lost in 14 incidents.🏃‍♂️ Exit scams followed with 93 incidents, snatching $55M.🔮 Oracle manipulation wasn't far behind with 38 incidents, stealing $16M.🇰🇵 North Korea's Lazarus hacking group remains a "dominant threat actor," responsible for $291M in losses. Stay safe, crypto friends! 😅

🔥Q3 2023: A hot mess for crypto security!💸 Over $699M in digital assets vanished in 184 security incidents, making it the "most financially damaging" quarter this year, says CertiK's report.🔑 Private key compromises took the lion's share with $204M lost in 14 incidents.🏃‍♂️ Exit scams followed with 93 incidents, snatching $55M.🔮 Oracle manipulation wasn't far behind with 38 incidents, stealing $16M.🇰🇵 North Korea's Lazarus hacking group remains a "dominant threat actor," responsible for $291M in losses. Stay safe, crypto friends! 😅

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Binance founder, Changpeng Zhao, aka "CZ", has checked into a low-security prison in California to serve a 4-month sentence for money laundering charges. 🏢 The crypto community salutes his decision, seeing it as a selfless act to protect Binance from potential collapse. Post-prison, CZ plans to continue his crypto involvement, maintaining his holdings and engaging in passive investing. He views this period as a "new stage for the crypto industry" highlighting the importance of regulatory compliance. Despite a hefty $50 million fine, CZ's sentence is less severe than the initial 3-year recommendation.
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Bitcoin (BTC) closed June at $67,500, maintaining an 11% monthly gain despite last-minute price swings. The crypto market was rattled by a Japanese exchange hack and some "predatory" trading moves, but Bitcoin held steady. U.S. macroeconomic data didn't do much to lift spirits, but the market is waking up for potential upward momentum. However, Bitcoin whales are blamed for the volatility, playing with liquidity and failing to flip $69,000 to support. Now, the market is waiting for new liquidity above $65k. In the meantime, grab some popcorn and enjoy the "killer whale games"! 🍿
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🚀Web3, the decentralized internet, is revolutionizing the protection of intellectual property (IP) rights. Blockchain technology and smart contracts are at the heart of this change, offering tamper-proof records and automated enforcement of IP rights. Tokenization of IP is also gaining traction, providing a secure way for creators to monetize their assets. However, the rise of NFTs and DAOs has created legal gray areas and potential pitfalls. Despite these challenges, proactive registration, encryption, vigilant monitoring, and the use of advanced tools and platforms can help safeguard IP rights in the Web3 era. 🎉
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📣Crypto News Flash! 21Shares has given its Ethereum spot ETF a fresh coat of paint, rebranding it from Ark 21Shares Ethereum ETF to 21Shares Core Ethereum ETF. But wait, there's more! ARK Invest is bowing out of the ETF partnership, citing a need to rethink its investment strategy. Don't fret, the dynamic duo of 21Shares and ARK Invest are still teaming up on other projects like the ARK 21Shares Bitcoin ETF. They're also offering a holistic exposure to blockchain growth through the ARK 21Shares Blockchain and Digital Economy Innovation ETF. So, while ARK may be leaving the Ethereum ETF party, they're still dancing in the crypto world! 💃🕺
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Franklin Templeton's head of digital assets, Roger Bayston, sees the SEC's cautious approach to crypto as a safeguard for the economy, not a hurdle. 🏛️ He believes the agency is warming up to blockchain, comparing this year's interactions to last year's. The firm's Franklin OnChain U.S. Government Money Fund, launched in 2023, was a five-year journey of educating the SEC on blockchain's potential. Bayston likens tokenized money funds to stablecoins and is bullish on crypto, comparing its importance to tech stocks 30 years ago. The firm's Ether ETF application was recently approved by the SEC.
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