TU Crypto News (EN)

Terraform Labs has received approval for liquidation 🔈 According to Reuters, the bankruptcy judge approved Terraform Labs' decision to cease its operations and initiate the liquidation process. ➡️ Under the terms of the liquidation, the company is obliged to compensate losses to affected investors and creditors, who will have the opportunity to vote for or against the proposed liquidation plan. ➡️ Previously, the U.S. District Court for the Southern District of New York approved Terraform Labs' total debt at $4.47 billion. However, on Thursday, the company announced that it would pay $627 million to investors and creditors.

🇩🇪 DZ Bank Prepares Retail Network for Cryptocurrency Trading 🪙 Germany’s second-largest bank, DZ Bank, plans to offer cryptocurrency trading and custody services to clients of approximately 700 regional cooperative banks. ➡️ By the end of the year, the first institutions will be connected to the trading system, and selected retail clients will make their initial purchases. Full system deployment will follow. ➡️ Technical and custodial solutions for the cooperative banking network will be provided by Boerse Stuttgart Digital.

Bybit Becomes the Largest Sponsor of the Ethereum Attackathon 🚀 The world’s second-largest cryptocurrency exchange, Bybit, has announced its sponsorship of the Ethereum "Attackathon" hackathon, aimed at enhancing the security of the Ethereum protocol. ➡️ The 8-week event, organized by the Ethereum Foundation and Immunefi, is expected to raise more than $2 million, including $500,000 in seed capital from the organizers. ➡️ Bybit contributed 75 ETH, making it the largest sponsorship contribution to date.

👮‍♀️ U.S. Police Uncover $243M Gemini Heist 👀 According to blockchain detective ZachXBT, participants in the August heist of one of Gemini's lenders, in which $243 million in crypto assets were stolen, have been arrested in Los Angeles and Miami. ➡️ The perpetrators, using aliases Greavys, Wiz, and Box, posed as support agents from Google and Gemini, convincing the victim to reset their two-factor authentication (2FA) and transfer funds to a compromised wallet. Additionally, they tricked the victim into giving access to Bitcoin wallet private keys. ➡️ The breach of the Gemini account netted the attackers 74.22 BTC, while another 4064 BTC were stolen from the wallet. The stolen funds were then split and transferred to 15 exchanges. ➡️Currently, most of the stolen funds are frozen, and the hackers have been arrested.

🔝 A unique ASIC-miner has been unveiled Mining company Hut 8 has partnered with hardware manufacturer Bitmain, and the result of the cooperation is a new ASIC-miner U3S21EXPH. ✨ It is the world's first model equipped with direct liquid cooling chip technology to maximise bitcoin mining efficiency. The plan is to increase the hash rate of Hut 8 from 18.5 EH/s to 33.5 EH/s by the second quarter of 2025. The price of the U3S21EXPH is $20,000.

🧬 There's no end to the news from Solana The company will release its own console - Play Solana Gen1 The device will be focused on Web3 games, and pre-orders will start soon!

🔻 The Tron network is cutting commissions by 50%. Tron creator Justin Sun stated:

TRON Super Representatives approved a 50% fee reduction, effective in two hours. Combined with other measures this week, meme transaction fees on TRON are now among the industry's lowest, expected to boost network and meme trading activity.

💲 USDC integrates with banks in Mexico and Brazil Circle officials have announced that the company will now support local USDC bank transfers in Mexico and Brazil. ➡️ The real-time payment systems PIX and SPEI will be used for this purpose. Sending/receiving USDC will take minutes compared to several banking days using SWIFT.

❄️ Cardano founder to meet with Argentine president Charles Hoskinson will have a face-to-face meeting with Argentina's leader, Javier Miley, as early as October. The meeting will focus on the potential of blockchain to transform global economic, political and social systems. 🗣How High Can Cardano Go?

☄️ New phone from Solana Solana Seeker is a new smartphone from Solana Mobile, a subsidiary of Solana Labs. ⚙️ Compared to its predecessor, the smartphone will get improved hardware, a larger battery and a more powerful camera 📌 Most importantly though, the phone will now be able to interact with DeFi, DePIN, payments, games, NFT and anything else the Solana community comes up with. The Solana Seeker is priced at $450. The company will start releasing the smartphone as soon as it gets 100,000 pre-orders.