Crypto News Weekly Digest 20.09.2024

Back

2024-09-22

Ronin Unveils Waypoint, Which Will Allow Gamers to Instantly Connect and Make In-Game Transactions.

Game blockchain Ronin has unveiled Ronin Waypoint, a universal account system across games that aims to simplify the player onboarding process, increase player engagement, and create new revenue opportunities for Web3 game developers.

“It’s becoming increasingly clear that there’s a gap between Western capital allocation in cryptocurrency and the active user base from emerging economies like Southeast Asia and Latin America, where many Ronin users are located,” Jeffrey Zirlin, chief growth officer at Ronin developer Sky Mavis, said in a written statement to Web3. “Gaming continues to have significant potential for mass cryptocurrency adoption, and we believe the launch of Ronin Waypoint is the next step toward that goal,” he added.

The launch of Ronin Waypoint aims to improve the blockchain gaming experience by offering a single user interface for all Ronin games and decentralized applications (dApps) using a single account.


Nvidia Share Sales Exceed $104 Million.

Nvidia CEO Jensen Huang recently launched a strategy of substantial share sales, which has caused a stir in the market. More than 240,000 shares were sold in the middle of the week for almost $27 million. The community is currently divided in its opinion regarding such actions by Nvidia. Some believe that this can be perceived as a bullish signal. The fact is that increased supply can put pressure on the global market.

It is noteworthy here that Nvidia shares and Bitcoin quotes are directly correlated with each other. Consequently, a drop in the value of securities can negatively affect the dynamics of the flagship crypto asset. Companies whose activities are related to artificial intelligence will also face difficulties. This year, Nvidia shares have increased in price by more than 140%.

 

Circle Partners with Sony to Bring USDC to Soneium.

Circle, a US-based financial services company, has announced a strategic partnership with Sony Block Solutions Labs, a Sony company, to launch USDC on Soneium, the Sony-backed Ethereum L2 blockchain. The partnership will see the dollar-pegged stablecoin become a key token in the Soneium economy, enabling multiple use cases.

USDC will be enabled in the form of Bridged USDC, a standard that allows native USDC on Ethereum to be ported to other Ethereum Virtual Machine (EVM)-compatible blockchains. However, the company may also introduce native USDC to the blockchain in the future.

The inclusion of USDC on Soneium could signal the token’s future implementation as part of Sony’s payment system, as the company has previously stated that it will explore “how new services that partner with businesses within the Sony group can be developed as Soneium-compatible applications.”

 

Solana Unveils New Smartphone Seeker.

Solana has officially unveiled its latest smartphone, the Seeker, which the company is calling a major breakthrough in Web3 mobile technology.

The device is priced at roughly half the price of its predecessor, and the Seeker is aimed at appealing to a wider audience, including those interested in more than just meme coins.

The previously released Saga, which debuted last May, was initially underwhelming, receiving mixed reviews from both tech critics and cryptocurrency users. However, the device suddenly gained popularity in December after the price of the Bonk (BONK) memecoin surged 1,000%, causing the device to sell out by mid-December.

Solana is aiming to replicate that success with the Seeker, targeting the roughly 140,000 users who pre-ordered the device for between $450 and $500. The company promises to give them access to a slew of rewards, though it stresses that the Seeker will offer much more than just the chance to cash in on memecoin trends.

 

Trump Pays With Bitcoin at New York Restaurant.

Republican presidential candidate Donald Trump has become the first former US president to use Bitcoin at a New York City bar and restaurant known for its cryptocurrency-friendly policies.

Trump reportedly purchased hamburgers with Bitcoin at a campaign event at Pubkey in New York City on September 18, according to a social media post by Pubkey. Trump was also among the many other notables at the event, including Bitcoin advocate and Professional Capital Management CEO Anthony Pompliano.

Videos posted to the social media site show Trump buying at least a dozen “crypto burgers,” as he calls them, and handing them out to attendees.

The move comes shortly after Trump announced the launch of a token through World Liberty Financial, a crypto platform run by his family. It is worth noting that World Liberty Financial will be a crypto-banking ecosystem where users will be able to borrow, lend, and invest in cryptocurrencies.

 

YouTube to Add AI Tools to Shorts.

Video hosting YouTube has announced the integration of DeepMind’s AI model for generating videos, Veo, into its service for short videos, Shorts.

The neural network, introduced in May, is capable of creating 1080p videos lasting about a minute using prompts. The technology competes with OpenAI’s Sora and other video generators such as Pika, Runway, and Irreverent Labs.

Veo will be integrated into YouTube Shorts later this year. The tool will allow “creating even more incredible backgrounds, breathing life into concepts that were previously impossible to visualize.” The model will update the existing Dream Screen tool.

 

BingX Bitcoin Exchange Hacked. Losses Exceed $43 Million.

On the morning of September 20, hackers hacked the hot wallet of the BingX cryptocurrency exchange. Potential losses, according to PeckShield analysts, exceed $43 million. Withdrawals have been stopped, and users are urged to revoke approval of active smart contracts.

According to researchers, the attackers withdrew most of the funds from the Ethereum ($17.9 million) and BNB Chain ($9.3 million) networks. Optimism, Arbitrum, Polygon, Base, Avalanche, Fantom and others were also affected. The hackers are exchanging the stolen assets for ETH and BNB.

 

An address that has been "sleeping" for 15 years moved $16 million worth of Bitcoins.

An unknown miner from the Satoshi Nakamoto era moved 250 BTC worth $16 million from five wallets to new addresses after 15 years. This was noticed by analysts at Whale Alert.

Three hours earlier, a wallet that had been dormant for over 13 years transferred 59 BTC (~$3.78 million) to Coinbase.
 

Germany has shut down 47 illegal Bitcoin exchangers.

The Federal Criminal Police Office of Germany (BKA) has discovered and seized the working and backup servers of 47 illegal cryptocurrency exchangers.

According to the agency's statement, the listed services were used by ransomware operators, botnet owners, and darknet marketplace sellers.

During the operation, law enforcement officers gained access to IP addresses, registration data, and user transactions, which, contrary to "assurances from exchange administrators," were stored on the servers.

The information discovered will be used for further investigation of illegal activities.