Daily Crypto News

1. BREAKING: Wallets Drained In Ongoing Solana Breach — Layer 1 blockchain Solana is in the midst of an apparent system-wide breach, with users finding their wallets emptied and NFT marketplace Magic Eden urging others to change their wallet settings to protect any remaining assets. The exploit was first reported by Twitter user SolportTom.
2. New York regulators slap Robinhood’s crypto business with $30 million fine — Robinhood’s crypto division has been slapped with a $30 million fine by the New York State Department of Financial Services. It’s the first crypto-focused enforcement action by the regulator, which has issued the multimillion dollar penalty against Robinhood for what it says are violations against the state’s anti-money laundering and cybersecurity regulations.
3. CBDCs better poised for cross-border payments than Bitcoin, stablecoins: ECB study — Bitcoin is the worst option for increasing the efficiency of cross-border payments while stablecoins occupy an intermediary position, the European Central Bank (ECB) said in a study published Monday.
4. Two Orange County men sentenced to federal prison for $1.9-million crypto scheme — Jeremy David McAlpine, 26, of Fountain Valley and Zachary Michael Matar, 29, of Huntington Beach pleaded guilty in August 2021 to securities fraud in connection with the scheme, the U.S. attorney’s office for the Central District of California said.
5. Robinhood’s crypto arm fined US$30 mln for compliance failures — The New York Department of Financial Services (NYDFS) slapped a US$30 million fine on the crypto arm of trading app Robinhood on Tuesday for allegedly violating the bank secrecy act, anti-money laundering, and cybersecurity regulations.
6. Senate Plan Would Put Bitcoin, Ether Under Commodity Regulator’s Watch — Leaders of a Senate committee are set to propose legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps.
7. MicroStrategy CEO Michael Saylor moves to chairman role to focus on Bitcoin — MicroStrategy CEO Michael Saylor is stepping down to become executive chairman “to focus more on our Bitcoin acquisition strategy and related Bitcoin advocacy initiatives,” according to a company statement released Tuesday.
8. Cardano users said to be indirectly affected by Nomad’s US$200 mln exploit — Monday’s attack on Nomad indirectly affected Cardano users as the protocol was one of multiple bridges deployed to Milkomeda C1, a layer 2 protocol which allows Ethereum decentralized apps (dApps) to be deployed in the Cardano ecosystem, Milkomeda said.
9. Bitcoin has already bottomed, has a fair value of $40,000, says Anthony Scaramucci — Anthony Scaramucci, founder and managing partner at SkyBridge Capital, said he believes that the worst of the crypto bear market has already passed.
10. Web3 Development Remains Strong Despite Crypto Downturn: Report — Telstra Ventures, a data-focused venture capital firm, released a new report showing that Web3-developer interest has remained strong despite the crypto bear market driven by the implosion of the terraUSD (UST) stablecoin, the bankruptcy filing of crypto-lender Celsius and the liquidation of hedge fund Three Arrows Capital.

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