FTX cryptocurrency exchange has asked Binance for help, two competitors in the space and to protect users, Binance has signed a non binding LOI where they promise to take over FTX and help them in this liquidity crisis. In the meantime, price of FTX’s own token, FTT has absolutely crashed to new lows.

Binance Smart Chain is one of fastest chains out there, making it ideal for CBDCs – central bank digital currencies. Kazakstan Central Bank has announced that its CBDC will be integrated on the Binance Smart Chain.

TrueFi DAO has issued a default notice to Blockwater Technologies for non-payment of $3.4M restructured loan. Out of this loan, the default represents around 2-percent of total value of TrueFi’s DAO. Blockwater Technologies and NWH/Invictus loans represent a total of 0.25% TrueFi’s cryptocurrency loan originations. It shall be noted that this would have no effect of USDC, USDT and TUSD pools of TrueFi. Here’s screenshot of the loan that was taken on Ethereum blockchain around 155 days back.

Alex Mashinsky, CEO of Celsius Network has resigned, cashing out more than 82000 CEL tokens which at time of this article, amount to around $122,000. Celsius is now a bankrupt lender in world of cryptocurrencies but the company still has hopes. It has appointed their CFO as Chief Restructuring Officer and Interim CEO to bring the Celsius Network back on track.

Two wallets deposited whopping 5.5 million tokens on popular FTX cryptocurrency exchange. The wallet is still holding an additional $6.5M worth of Kyber Network’s KNC token. It clearly is a developer wallet or belongs to a VC investor.

The Polish – Estonian company Zetly and the American technology company Transmira INC from Silicon Valley will build a Spot Metaverse!

South Korean court has announced it has issued arrest warrants for Terra Luna founders and employees that include Do Kwon and Nicholas Platias. Red notice has also been sent to the Interpol and passports too, have been invalidated. So, there’s nowhere to run.

SBF from FTX cryptocurrency exchange has announced that it is ready to buy 30-percent of SkyBridge Capital’s stake. This was announced that FTX would be paying $40M dollars for this 30-percent stake.

There are two BNB blockchains – smart chain and older chain called the beacon chain. The new update which happened on 2^nd of September 2022 removed DEX feature from BNB beacon chain and thus, the biggest and most popular non-custodial wallet, Trust Wallet, has removed DEX page for the BNB beacon chain and its tokens.

If you’ve dabbled anywhere near the crypto space, or kept up with the news, you’ll be aware of blockchain technology. Its popularity has gone through the roof over the past few years, with practical use cases coming up.