September is here! And also your Monday industry catch-up 📰

Crypto & Blockchain Update: August 26 - September 1

📈Market Highlights
- With the start of Septembear, Bitcoin has declined 8.7% in past 7 days now at $58,216, while Ethereum is down 9.66% at $2,473
- Last weeks top 3 altcoin gainers were HNT (16.83%), TRX (0.88%), and XMR (1.53%) while 3 losers were WIF (24.2%), SEI (23.66%) and FLOKI (23.66%)
- Bitcoin whales are increasingly active lately as the number of wallets with 100+ $BTC hit a 17-month high
- $ETH whales seem to be selling $ETH, with one depositing $18M worth of $ETH to Binance exchange
- Solana monthly active wallets hits new ATH
- BlackRock’s Spot Bitcoin ETF sees first losses in 4 months

🎮Blockchain Tech & Gaming
- Ethereum gaming network Geist is members-only to prevent industrial farming
- Hamster Kombat launch and airdrop on TON set for September 26th
- Cardano’s “Chang” hard fork goes live, turning ADA into a governance token
- TON blockchain back online after 2 outages in 2 days, which stopped all transactions
- Apple’s NFC solution sets up tap-to-pay crypto solution launch
- Gameplay Galaxy secured its $24M in seed funding
- Hamster Kombat token HMSTR listing on Bitget boosts hype for projects within TON ecosystem
- Esports team Complexity will build a fan app on Sonic in a sponsorship deal
- Rising Telegram game Rocky Rabbit plans to drop its own token on September 23rd on TON

📃Regulatory Updates
- OpenSea receives Wells notice from SEC claiming NFTs as unregistered securities
- Telegram CEO Pavel Durov indicted in France and released on $5M bail payment
- Chinese Yuan will be linked to new stablecoin for BRICS
- Elon Musk’s DOGE insider trading case dismissed
- SEC charges ABRA for selling unregistered crypto asset securities

💰Investments & Partnerships
- VCs remain positive on crypto as ParaFi raises $120M to invest in startups
- Klumi Ventures and Fuze partner for web3 innovation in UAE
- Former Coinbase and Square employees team up to change stablecoins with Bridge raising $58M
- Alchemy acquired Bware, a blockchain infrastructure provider, to expand into Europe

🛡️Cybersecurity
- ImmuneFi reports crypto hackers have stolen over $1.2B in 2024
- Discord channels of 5 crypto companies hacked within the same week
- Kylian Mbappe X account was hacked, promoting a $460M PumpFun scam
- WazirX sets aside $12M to recover stolen crypto and cover legal costs

🗞️Miscellaneous
- Bitcoin ATM growth increases in Australia, jumping from 73 in 2022 to 1,162 in 2024
- Native $BTC staking is coming to Bitcoin L2 networks, states Babylon
- Bitcoin miners see worst revenues in 11 months as mining difficulty increases
- X now banned in Brazil, use of a VPN fined
- Cyber Capital founder and CIO criticizes Ethereum L2 solutions being centralized as single servers often are responsible for running platform’s operations

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🆕Product Updates

Polygon network now supported on Swapin!

- SwapinPay & SwapinGet: Off-ramp USDC & USDT via Polygon
- SwapinBuy: Buy USDT via Polygon network
- SwapinCollect & SwapinWidget: USDC & USDT on Polygon are now available for your customers, partners, and users

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Events in September that Swapin is attending:

1) AWSummit Affiliates&Creators Conference
📅 September 12-15, 2024
📍 Bucharest, Romania

2) SBC Summit
📅 September 24-26, 2024
📍 Lisbon, Portugal

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Have a successful new week and month ahead!🤝