The Block
Quick Take The entity behind the WazirX hack transferred 2,600 ETH worth $6.5 million to the sanctioned mixer Tornado Cash to launder the funds.
Quick Take Digital assets custody firm BitGo announced that SK Telecom and Hana Financial have become the major shareholders in its South Korean arm. The three companies aim to spearhead the institutionalization of crypto in South Korea.
Quick Take Dolomite co-founder Corey Caplan named as advisor for Trump-backed project World Liberty Financial The names of more contributors to the project should follow in the next few days, the project said.
Quick Take The SEC warned the FTX estate against paying creditors back in stablecoins or other crypto. OKX became fully licensed in Singapore and hired a former MAS official as its local CEO. Global crypto investment products saw $305 million in net weekly outflows, according to CoinShares. The following article is adapted from The Block’s newsletter, The Daily, which comes out every weekday.
Ether fared worse than bitcoin in August — plunging 22.2% compared to an 8.6% decline for the latter.September could see further bearish movements for major cryptocurrencies if the month aligns with historical seasonal trends, according to QCP Capital analysts.
Quick Take Centralized cryptocurrency exchanges’ monthly trading volumes in August increased 6.6% to $1.2 trillion.
Quick Take US Senator Tim Scott and FalconX’s Austin Reid discuss crypto’s political momentum and the future of digital assets in the US.
Digital asset investment products returned to weekly outflows, with $305 million exiting funds globally last week, according to CoinShares.
Quick Take The monthly DeFi protocol fees in August fell by 24.4% from July, totaling $288 million. Lido led in fee generation with $76.18 million, followed by others like Uniswap, Jito, and PancakeSwap.
