Arkham(ARKM)

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BNB holders transferred over $400 million worth of BNB tokens in 24 hours to benefit from cross-chain gaming project Portal's upcoming airdrop, Arkham Intelligence noted.

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The wallet, which Arkham Intelligence previously associated with Trump in August, has transferred $2.4M generated from his NFT royalties to Coinbase.

Arkham's Intel Exchange, which pays people to help identify wallets, caused an uproar over its alleged "dox-to-earn" program.

Binance Labs, the venture capital arm of Binance Exchange, has invested in ARKM, the native token of the crypto intelligence platform Arkham.

Arkham’s “DOX-to-Earn” program encouraging users to reveal IRL identities of blockchain users raises the prospect of digital witchhunts with uncertain consequences, says Marina Khaustova, CEO of Crystal.

Arkham, the blockchain analysis platform, has suggested that Coinbase is sitting on a similar amount of Bitcoin to its mysterious creator Satoshi Nakamoto, which amounts to around 5% of all Bitcoin.

Grayscale has refused to identify GBTC’s on-chain addresses for security reasons.

The revelation comes despite Grayscale’s attempts to keep the trust’s on-chain addresses under wraps.

The blockchain analytics firm claims Grayscale is the world's second-largest BTC entity.

Crypto analytics platform Arkham Intelligence said the wallet contains approximately $2.54 billion worth of ETH under custody for user balances.

The crypto community has been abuzz with discussions about a mysterious Bitcoin wallet that rapidly accumulated a staggering $3 billion worth of Bitcoin in just three months. The identity of this enigmatic Bitcoin behemoth has finally been unveiled. Wallet identified The wallet in question, which surprisingly climbed the ranks to become the third-largest Bitcoin holder globally in merely over three months, has been identified as belonging to Robinhood: Jump Trading Custody, according toinsights from blockchain intelligence platform Arkham Intelligence. The journey of this wallet began on March 8, as per data from BitInfoCharts. In the subsequent three months and two weeks, the wallet amassed an impressive 118,000 BTC, which, at current market rates, is valued at approximately $3.08 billion. Conjecture The swift and substantial accumulation of Bitcoin by this single address led to a flurry of theories and conjectures. While some believed it to be a crypto exchange shuffling its funds, others on Crypto Twitter had a more audacious theory. It was speculated that the global investment management corporation, BlackRock, might be the entity behind this massive accumulation. This theory, albeit lacking concrete evidence, gained traction when enthusiasts pointed out the timeline of BlackRock's spot Bitcoin ETF filing, which coincided with the wallet's major transactions. However, with the revelation from Arkham Intelligence, the fog of mystery seems to have lifted. The top two spots for the largest Bitcoin wallets globally are held by Binance and Bitfinex, known for their Bitcoin cold wallets. Following Robinhood's wallet in the third position is another Binance cold wallet. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The crypto community has been abuzz with discussions about a mysterious Bitcoin wallet that rapidly accumulated a staggering $3 billion worth of Bitcoin in just three months. The identity of this enigmatic Bitcoin behemoth has finally been unveiled. Wallet identified The wallet in question, which surprisingly climbed the ranks to become the third-largest Bitcoin holder globally in merely over three months, has been identified as belonging to Robinhood: Jump Trading Custody, according toinsights from blockchain intelligence platform Arkham Intelligence. The journey of this wallet began on March 8, as per data from BitInfoCharts. In the subsequent three months and two weeks, the wallet amassed an impressive 118,000 BTC, which, at current market rates, is valued at approximately $3.08 billion. Conjecture The swift and substantial accumulation of Bitcoin by this single address led to a flurry of theories and conjectures. While some believed it to be a crypto exchange shuffling its funds, others on Crypto Twitter had a more audacious theory. It was speculated that the global investment management corporation, BlackRock, might be the entity behind this massive accumulation. This theory, albeit lacking concrete evidence, gained traction when enthusiasts pointed out the timeline of BlackRock's spot Bitcoin ETF filing, which coincided with the wallet's major transactions. However, with the revelation from Arkham Intelligence, the fog of mystery seems to have lifted. The top two spots for the largest Bitcoin wallets globally are held by Binance and Bitfinex, known for their Bitcoin cold wallets. Following Robinhood's wallet in the third position is another Binance cold wallet. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Curve Finance exploit has hit the crypto markets hard, with several stablecoin pools on the platform being drained and unsettling the pricing and liquidity of numerous DeFi services. Let’s find out more. Bitcoin Miami Mayor Francis Suarez announced that he is officially accepting Bitcoin for his presidential campaign donations. Ilya Lichtenstein admitted to laundering the $4.5B worth of Bitcoin stolen during the 2016 Bitfinex attack; his wife, Heather Morgan, also pleaded guilty. Michael Saylor, CEO of Microstrategy, recently said that his company will keep buying more Bitcoin. The company’s latest purchase of 467 BTCs has pushed its Q2 profits significantly higher. A currency swap with the PBoC and a loan from the Development Bank of Latin America helped the Argentine central bank meet its $3.7 billion obligation to the IMF. The Bitcoin bull market is going through the same three steps it has taken in its previous bull markets. Ethereum ProShares has become the eleventh to apply to the U.S. Securities and Exchange Commission (SEC) to register an Ether exchange-traded fund (ETF). DeFi DeFi platforms Curve Finance, Alchemix, and Metronome have announced a joint initiative to recover the stolen funds in the wake of the recent exploits that hit Curve’s pools. Curve Finance and CEO Michael Egorov have received support from prominent names in the crypto space, including Justin Sun and DCF God. After the Curve exploits, Upbit, the largest cryptocurrency exchange in South Korea, has temporarily suspended CRV withdrawals and deposits. Altcoins As bitcoin moves sideways and downward, the altcoins are hit harder as usual, with around $40 billion having been wiped off of the combined market cap of all altcoins. As Bitcoin approaches its own halving next year, Litecoin’s halving has already arrived, as miner block rewards go from 12.5 to 6.25 LTC per block. Arkham Intel Exchange’s first bounty has unearthed evidence of undisclosed wallets containing $160 million worth of digital assets tied to Do Kwon and Terraform Labs. Technology Identity and financial public network, Worldcoin has revealed plans to allow companies and governments everywhere to use its ID system. Business Bankrupt cryptocurrency lending platform BlockFi's restructuring plan has taken a step closer to fruition, as the firm announced that its disclosure statement had received conditional approval from the U.S. Bankruptcy Court in New Jersey. Genesis Global Holdco LLC, and FTX Trading Ltd., two crypto companies navigating bankruptcy, have announced an in-principle agreement to resolve a dispute central to their respective Chapter 11 cases. Ozzy entrepreneur Russell Ty Wilson has taken his crypto exchange Coinspot to incredible heights despite a huge scam by tracking down perpetrators. Regulation SEC Chair Gary Gensler has expressed serious concern for AI technology, calling it a serious threat to financial markets. Laura Swain, the Chief Judge of the U.S. District Court for the Southern District Of New York, has dismissed a class action lawsuit against USDT issuer Tether and its sister company Bitfinex. In light of the evolving regulatory landscape surrounding digital currencies in the US, Revolut has decided to shut down its crypto offerings in the country. Hong Kong's Hashkey Exchange has become the first cryptocurrency platform in the city-state to upgrade its type 1 and type 7 licenses, thus obtaining approval to serve retail customers. An Australian financial regulator has sued the eToro crypto trading platform over “volatile” trading products. Prominent lawmakers have urged the Biden administration to initiate a crackdown on crypto tax evaders and enforce tax reporting guidelines for users in the crypto space. In a nightmare scenario, a report has claimed that DoJ officials are contemplating bringing fraud charges against Binance, the world’s largest cryptocurrency exchange. A congressional committee in the United States is currently investigating asset management firm BlackRock for its role in facilitating investments into Chinese companies that the U.S. government has blacklisted. Bankrupt crypto platform, Voyager Digital Holdings Inc., may have been a victim of a hacking attack during the court-supervised process of liquidating assets to repay its customers. Dubai's financial landscape has witnessed a significant development with the awarding of a full crypto license to Laser Digital Middle East FZE, a subsidiary of Nomura Holdings Inc. An unsettling rumor is suggesting a potential link between the liquidity pull on the BALD meme coin to the already embattled ex-CEO of FTX, Sam Bankman-Fried. Coinbase CEO Brian Armstrong has revealed that the SEC had asked Coinbase to halt all cryptocurrency trading, except that of Bitcoin. NFT Gaming giant GameStop Corp is set to discontinue its digital wallets owing to the "regulatory uncertainty of the crypto space," the company announced in a notice posted on its website. Web3 Leading web3 company Yuga Labs has announced its agreement to acquire tech innovator Roar Studios to bolster its ambitions Otherside project. Japan’s Blockchain Association (JBA) reportedly urged the government to revise tax rules imposed on virtual assets. Former smartphone giant BlackBerry’s cybersecurity division has identified notorious malware families exclusively targeting cryptocurrencies and the crypto ecosystem. A scammer stole $20 million worth of Tether (USDT) on the 1st of August, using a zero transfer phishing attack. Decentralized exchange LeetSwap, built on Coinbase’s Layer 2 blockchain Base, recently suspended trading due to fears of a potential exploit. The Curve Finance exploit has put more than $100 million in cryptocurrency at risk, intensifying security concerns in Ethereum's DeFi ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The Curve Finance exploit has hit the crypto markets hard, with several stablecoin pools on the platform being drained and unsettling the pricing and liquidity of numerous DeFi services. Let’s find out more. Bitcoin Miami Mayor Francis Suarez announced that he is officially accepting Bitcoin for his presidential campaign donations. Ilya Lichtenstein admitted to laundering the $4.5B worth of Bitcoin stolen during the 2016 Bitfinex attack; his wife, Heather Morgan, also pleaded guilty. Michael Saylor, CEO of Microstrategy, recently said that his company will keep buying more Bitcoin. The company’s latest purchase of 467 BTCs has pushed its Q2 profits significantly higher. A currency swap with the PBoC and a loan from the Development Bank of Latin America helped the Argentine central bank meet its $3.7 billion obligation to the IMF. The Bitcoin bull market is going through the same three steps it has taken in its previous bull markets. Ethereum ProShares has become the eleventh to apply to the U.S. Securities and Exchange Commission (SEC) to register an Ether exchange-traded fund (ETF). DeFi DeFi platforms Curve Finance, Alchemix, and Metronome have announced a joint initiative to recover the stolen funds in the wake of the recent exploits that hit Curve’s pools. Curve Finance and CEO Michael Egorov have received support from prominent names in the crypto space, including Justin Sun and DCF God. After the Curve exploits, Upbit, the largest cryptocurrency exchange in South Korea, has temporarily suspended CRV withdrawals and deposits. Altcoins As bitcoin moves sideways and downward, the altcoins are hit harder as usual, with around $40 billion having been wiped off of the combined market cap of all altcoins. As Bitcoin approaches its own halving next year, Litecoin’s halving has already arrived, as miner block rewards go from 12.5 to 6.25 LTC per block. Arkham Intel Exchange’s first bounty has unearthed evidence of undisclosed wallets containing $160 million worth of digital assets tied to Do Kwon and Terraform Labs. Technology Identity and financial public network, Worldcoin has revealed plans to allow companies and governments everywhere to use its ID system. Business Bankrupt cryptocurrency lending platform BlockFi's restructuring plan has taken a step closer to fruition, as the firm announced that its disclosure statement had received conditional approval from the U.S. Bankruptcy Court in New Jersey. Genesis Global Holdco LLC, and FTX Trading Ltd., two crypto companies navigating bankruptcy, have announced an in-principle agreement to resolve a dispute central to their respective Chapter 11 cases. Ozzy entrepreneur Russell Ty Wilson has taken his crypto exchange Coinspot to incredible heights despite a huge scam by tracking down perpetrators. Regulation SEC Chair Gary Gensler has expressed serious concern for AI technology, calling it a serious threat to financial markets. Laura Swain, the Chief Judge of the U.S. District Court for the Southern District Of New York, has dismissed a class action lawsuit against USDT issuer Tether and its sister company Bitfinex. In light of the evolving regulatory landscape surrounding digital currencies in the US, Revolut has decided to shut down its crypto offerings in the country. Hong Kong's Hashkey Exchange has become the first cryptocurrency platform in the city-state to upgrade its type 1 and type 7 licenses, thus obtaining approval to serve retail customers. An Australian financial regulator has sued the eToro crypto trading platform over “volatile” trading products. Prominent lawmakers have urged the Biden administration to initiate a crackdown on crypto tax evaders and enforce tax reporting guidelines for users in the crypto space. In a nightmare scenario, a report has claimed that DoJ officials are contemplating bringing fraud charges against Binance, the world’s largest cryptocurrency exchange. A congressional committee in the United States is currently investigating asset management firm BlackRock for its role in facilitating investments into Chinese companies that the U.S. government has blacklisted. Bankrupt crypto platform, Voyager Digital Holdings Inc., may have been a victim of a hacking attack during the court-supervised process of liquidating assets to repay its customers. Dubai's financial landscape has witnessed a significant development with the awarding of a full crypto license to Laser Digital Middle East FZE, a subsidiary of Nomura Holdings Inc. An unsettling rumor is suggesting a potential link between the liquidity pull on the BALD meme coin to the already embattled ex-CEO of FTX, Sam Bankman-Fried. Coinbase CEO Brian Armstrong has revealed that the SEC had asked Coinbase to halt all cryptocurrency trading, except that of Bitcoin. NFT Gaming giant GameStop Corp is set to discontinue its digital wallets owing to the "regulatory uncertainty of the crypto space," the company announced in a notice posted on its website. Web3 Leading web3 company Yuga Labs has announced its agreement to acquire tech innovator Roar Studios to bolster its ambitions Otherside project. Japan’s Blockchain Association (JBA) reportedly urged the government to revise tax rules imposed on virtual assets. Former smartphone giant BlackBerry’s cybersecurity division has identified notorious malware families exclusively targeting cryptocurrencies and the crypto ecosystem. A scammer stole $20 million worth of Tether (USDT) on the 1st of August, using a zero transfer phishing attack. Decentralized exchange LeetSwap, built on Coinbase’s Layer 2 blockchain Base, recently suspended trading due to fears of a potential exploit. The Curve Finance exploit has put more than $100 million in cryptocurrency at risk, intensifying security concerns in Ethereum's DeFi ecosystem. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Arkham Intelligence, who recently launched a “Doxx-To-Earn” platform, has a new big investor.

The liquidity provider just withdrew 8 million of Arkham’s ARKM token from Binance, increasing its position by 731%.

2023 has brought forth a promising array of young projects that are capturing the attention of enthusiasts and investors alike. These breakthrough initiatives encompass a diverse range of areas, offering innovative solutions to some of the most pressing challenges faced in the virtual space. From an innovative social media gamified approach and decentralized personal identification system to advanced infrastructure solutions for seamless interaction with the blockchain, these projects are paving the way for a more accessible, secure, and interconnected crypto ecosystem. As the world continues to embrace the potential of blockchain technology and cryptocurrencies, these five projects stand out for their ambitious visions and disruptive approaches. With a shared commitment to pushing the boundaries of what's possible, they hold the potential to redefine how we engage with the digital realm and leverage the power of decentralized networks. In this exploration of the most noteworthy young projects in the crypto industry for 2023, we delve into the cutting-edge innovations that are shaping the future of finance, identity management, and decentralized applications. Cheelee Cheelee, a Web3 GameFi short video platform that rewards users for watching the feed, changes the way people make money on social media. Cheelee uses the Attention Economy concept to give everyone a new way of earning an income and a living wage, regardless of age, occupation, or socioeconomic background, and has the potential to redefine the social media industry while helping solve the problem of job automation by AI. "Cheelee is a game-changing Web3 GameFi short video platform that reshapes the landscape of social media platforms and rebalances the power which was earlier concentrated in the hands of platform owners, bloggers and advertisers. Our platform is not just about watching short videos; it's about empowering users to become more active in their virtual journey," CPO Cheelee Yury Kardonov explains. To inspire new users to learn its money-making mechanisms, the app gives them a free pair of Starting Digital glasses. Users that upgrade these glasses can increase their initial investment by more than X2. Cheeleers manage to earn up to several thousand dollars monthly with this tool, as seen from their reports on the platform's socials. Cheelee is going to blow up in 2023 with its governance token, $CHEEL, which has been steadily increasing in value and shows great promise because of its limited supply, high utility, and possible access to almost 5 billion social media users around the world. Cheeleeis already available on App Store and Google Play. WorldCoin Meet Worldcoin, a unique cryptocurrency project with a mission to verify people's identities online and combat the problem of bots and fake virtual profiles created by AI. Their special system, Proof-of-Personhood, works by scanning your eyes to ensure you are who you claim to be, preventing multiple accounts and stopping fraud. "A very central one is, how can you prove that you are a real human (not a bot) and have not yet claimed your free share of the currency, without revealing personal information about yourself like your name or email. Making this work in a scalable and fraud-proof way is hard," explains Alex Blania, co-founder of Worldcoin and Chief Executive Officer (CEO) of the project. Founded in 2019 by Sam Altman (CEO of OpenAI), Max Novendstern, and Alex Blania, and supported by venture capital firm Andreessen Horowitz, Worldcoin uses a distribution method similar to universal basic income (UBI) to encourage users to join their network. They offer their cryptocurrency as a reward to users who get their iris scanned using Worldcoin's orb-shaped iris scanner. Worldcoin has been highly successful in raising funds, starting with $25 million in October 2021 and an additional $100 million in just six months, boosting the token's value to an impressive $3 billion. And they didn't stop there, announcing another $115 million in funding in May 2023. As of January 2023, Worldcoin celebrated reaching 1 million sign-ups, with more than 115,000 new users in December 2022 alone. Their user base is diverse, coming from various countries like Argentina, Chile, India, Kenya, Portugal, Spain, and Uganda. By July 2023, they expanded to over 2 million users, and their World App is rocking with over 500,000 monthly active users. Arkham Intelligence Introducing Arkham Intelligence, a company focused on blockchain intelligence. Their platform is designed to reveal information about the real-world entities and individuals connected to cryptocurrencies, giving valuable insights into the cryptocurrency ecosystem. The goal is to remove anonymity from the blockchain and shed light on the identities behind cryptocurrency transactions. "Our industry has been plagued with bad actors who survive by hiding in the shadows. Crypto intelligence brings them into the light, and that’s what our platform and our research have always done," Arkham CEO Miguel Morel tweeted. In July 2023, Arkham Intelligence launched a bounty marketplace, enabling people to buy and sell on-chain cryptocurrency data. To facilitate these trades, they introduced the ARKM token as the main currency on the Arkham Intelligence exchange. Currently, as of July 2023, the ARKM token is being traded at $0.75 with a market cap of $113 million. For example, two savvy users of the Arkham platform recently earned a substantial reward of nearly $6,000 for successfully uncovering Do Kwon's wallet. The initial request to track the wallets of the former head of Terraform Labs was placed on the on-chain data marketplace, Arkham Intel Exchange. Two online detectives took up the challenge and accomplished the bounty hunt with great success, providing evidence that several addresses indeed belong to the businessman. As a result, they were rewarded with 9519 ARKM tokens, equivalent to approximately $5971. Fetch.ai Fetch.ai is an open-source machine learning platform, decentralized and based on a distributed ledger. It offers secure access to AI for smart and autonomous services. They've also made Agentverse, a web3 virtual hub, letting users create autonomous agents easily, no matter their technical skills. The platform's smart ledger combines blockchain with direct acrylic graph (DAG) tech. Transactions can be assigned to different routes, forming a fragmented network. New routes can be created if existing ones get overloaded. Fetch.ai uses UPoW (useful proof-of-work/proof-of-beneficial work), a mix of proof-of-work, proof-of-stake, and other mechanisms. FET is the primary value exchange on Fetch.ai. It's essential for network exchanges, staking, and rewarding node operators. FET unlocks various operations on the network and acts as the main payment method. It's also needed to find, create, deploy, and train autonomous economic agents. Fetch.ai's disruptive nature stems from its ability to challenge the status quo in machine learning, blockchain technology, and decentralized applications, offering new solutions and possibilities that can potentially reshape industries and user experiences. Arbitrum Arbitrum, developed by Offchain Labs in 2018, is a Layer 2 scaling solution for Ethereum. Its purpose is to address the Ethereum network's limitations, like slow transaction speeds and high fees during busy times. By reducing work and data storage on Ethereum's mainnet(Layer 1 or L1), Arbitrum aims to decrease network congestion and transaction costs, enhancing the speed and scalability of Ethereum smart contracts. "Our mission at Arbitrum is to scale Ethereum without compromising on security. Notice that we're focused on the result, not the tool. On the end, not the means," wrote Steven Goldfeder, co-founder and CEO of Offchain Labs. Arbitrum enables users to perform transactions off the main network, which are later verified and grouped before being added to the main chain. This process helps ease congestion and lower gas fees on Ethereum, benefiting decentralized finance (DeFi) projects like Sushiswapand Aave, which utilize Arbitrum to offer efficient swaps with lower gas fees. The platform supports the Ethereum Virtual Machine (EVM), allowing seamless integration with existing Ethereum tools and infrastructure for DeFi developers. To gain exposure to the Arbitrum network, individuals can consider the governance token, ARB. Holders of ARB tokens can participate in the protocol's decision-making processes, including proposing and voting on upgrades or changes. Additionally, ARB tokens are used to pay for transaction fees on the Arbitrum network. Despite being launched in March 2023, the ARB token has already reached a market capitalization of over one billion dollars. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Road Town, BVI, August 1st, 2023, ChainwireDigital asset exchange LBank continues to focus on providing its users with quality projects to access. For the week starting July 31, LBank has announced its intention to list a total of seven new tokens. These encompass a diverse range of projects.The first token on LBank’s schedule, DBC, was listed on July 31. All DBC-powered platforms are interconnected like a universe, enabling users to learn, play and shop. DBC will be used for membership points and as a means of exchange within the DBear universe. DBC is headed by Man-won Chung, former CEO of SK Telecom which has a market capitalization of $8 billion.The second token, PEPEBURN, also listed on July 31, is a low supply memecoin with less than 1 million tokens created. August 1 then sees the launch of PSUB, an abbreviation of Payment Swap Utility Board and a Klaytn-based blockchain. PSUB forms a circular ecosystem structure between a payments NFT marketplace and online commerce with its own wallet as a hub. In the future, PSUB will form partnerships with various affiliates to expand its platform ecosystem not only domestically but also abroad to solidify its own infrastructure.August 1 also sees the launch of OZON on LBank. This asset takes the role of utility token on a fifth-generation blockchain network. The OZONE blockchain is mainly concerned with digital finance, metaverse, travel, and ecommerce. On the same day, LBS lists on LBank. The token powers a luxury brand distribution, management and payment system using blockchain technology.On August 3, SMETA is to be listed on LBank. Starkmeta is a Singapore-based startup that’s successfully integrated generative AI (ChatGPT) with Unreal Engine 5 and Web3 metaverse games for the first time. It enables users to enjoy social networking with friends and select the products they want with the help of an AI assistant.The following day, DMC lists on LBank. Datamall Chain is an open source blockchain that aims to promote the construction of next generation internet infrastructure. Products will include decentralized storage mining, DeFi, NFTs, cross-chain bridge and cloud storage.For the week running from July 24-30, LBank listed a total of 12 tokens covering NFTs, memecoins, public chains, and GambleFi. Of these, the best performer was Worldcoin (WLD), which rose over 350% since listing.About LBankLBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 9 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users' funds and aims to contribute to the global adoption of cryptocurrencies.Start Trading Now: lbank.comCommunity & Social Media: Telegram l Twitter l Facebook l LinkedIn l Instagram l YouTubeContactLBK Blockchain Co. [email protected] Blockchain Co. [email protected]

Controversial Arkham Intel Exchange’s first bounty has unearthed evidence of undisclosed wallets containing $160 million worth of digital assets tied to Do Kwon and Terraform Labs. Terra had previously claimed that it had exhausted all of its reserves in an attempt to defend the UST stablecoin peg. Undisclosed Terra Wallets? Two anonymous on-chain investigators have earned Arkham Intel’s inaugural bounty after providing considerable evidence of undisclosed wallets holding more than $160 million worth of digital assets tied to Terraform Labs and its founder, Do Kwon. This effort allowed the investigators, including one who describes himself as a “glorified accountant,” to win the bounty of ARKM tokens worth around $5000. The wallets in question contain over 5200 BTC. This figure contradicts Luna Foundation Guard’s previous claims of being in possession of only 313 BTC. The foundation had, back in May 2022, stated on Twitter, “As of now, the Foundation’s remaining reserves consist of the following assets: · 313 $BTC · 39,914 $BNB · 1,973,554 $AVAX · 1,847,079,725 $UST · 222,713,007 $LUNA (of which 221,021,746 is currently staked with validators).” The revelations made by Arkham’s bounty hunters could have significant repercussions for Do Kwon. The Luna Foundation Guard’s primary mission was to maintain the dollar peg of its algorithmic stablecoin, TerraUSD (UST). The foundation relied on its reserves of Bitcoin to maintain this peg by purchasing UST from the markets as a final line of defense against UST de-pegging. However, despite its efforts, both UST and LUNA collapsed in May 2022, wiping around $40 billion in value from the markets. More Insights Expected Arkham Intel expects more insights related to the wallets in question to emerge over the next few months. However, the issuer of the bounty, in this case, Arkham, maintains exclusive rights to the information unearthed for a period of 90 days. The Terra collapse is often described as one of the most crippling events in the crypto space, triggering chaos in the markets and wiping billions in investor wealth. Terra founder Do Kwon had been on the run since the collapse but was recently apprehended in Montenegro on charges of traveling using forged documents. The arrest came after the United States Securities and Exchange Commission had accused Do Kwon and Terraform Labs of orchestrating a multi-billion dollar fraud. Arkham Intel Exchange And Privacy Concerns The Arkham Intel Exchange is hugely controversial, acting as a marketplace facilitating the trading of on-chain data. Despite the bounty, the platform has sparked considerable debate in crypto circles. Critics have flagged concerns about the potential misuse of private information by bad actors and have suggested that the platform could also facilitate the inadvertent creation of a surveillance marketplace. However, platform supporters have countered this argument, arguing that such a platform is necessary for unmasking bad actors in the crypto space and giving whistleblowers a secure avenue to disclose crucial information. Arkham Intel CEO Miguel Morel has called for a nuanced approach to the subject, stating, “You need to think [...] very carefully about what sort of information should be allowed on versus not.” The platform, launched on the 10th of July, has been described by critics as a glorified snitching service, with concerns that it could dox innocent users. Platform users can place bounties for information related to specific blockchain transactions, which would then be made available after a period of 90 days. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

More developments in the FTX saga, where the former CEO of the now-defunct crypto exchange has come under fire for conducting an interview with the New York Times, which prosecutors have claimed amounts to witness tampering. He has been put under a gag order which prevents him from discussing the case publicly. Let’s find out more. Bitcoin Democratic presidential candidate Robert F. Kennedy Jr. confirmed his recent purchase of a significant amount of Bitcoin earlier this year. Wednesday’s announcement of the widely expected 25 basis point rise in the interest rate led to a higher move in cryptocurrencies. A team of Bitcoin developers and enthusiasts have introduced the "Frostsnap" method to provide multisig wallets with a range of new capabilities. DeFi The Bank of Italy's Milano Hub innovation center will support a project spearheaded by Cetif Advisory that aims to develop a security token ecosystem for institutional DeFi. DeFi protocol Parrot Finance will begin implementing an activist investor-led plan to phase out the platform’s PRT token, with redemptions set to begin as early as Monday. Altcoins An obscure altcoin called the X token has surged by over 1000% following Elon Musk’s announcement that Twitter is rebranding itself to X.com. Technology Bridge Protocol LayerZero has revealed that it has achieved a significant landmark, crossing 50 million cross-chain messages. Archax, a leading global digital asset exchange, broker, and custodian, has unveiled its latest offering: a crypto exchange designed specifically for institutional investors. Avalanche Foundation has earmarked a whopping $50M to acquire assets that are tokenized on its blockchain. The highly controversial Arkham Intel Exchange has approved its first-ever bounty hunt, with crypto sleuths set to go after crypto wallets belonging to Terra co-founder Do Kwon. Business Venture capital firm, Sequoia Capital, has cut its cryptocurrency fund by over 65% from $585 million to $200 million. Bankrupt crypto lender Celsius Network has reached two crucial settlements to end its bankruptcy proceedings and clear a path for the return of customer assets. Flashbots, an Ethereum software infrastructure provider, has raised $60 million from venture capitalists and other prominent players from the blockchain ecosystem. Cryptocurrency exchange KuCoin has responded to recent rumors about mass layoffs within the company, clarifying that the adjustments to its headcount are part of routine organizational development. Deloitte and Chainalysis have joined forces in a strategic alliance to tackle compliance challenges within the digital asset ecosystem. BlackRock and India’s Jio Financial Services will soon enter a joint venture to launch a “digital-first offering” in India. Crypto derivatives and copy trading platform Bitget announced the listing of its native token BGB on the renowned cryptocurrency exchange MEXC. Regulation The South Korean Financial Services Commission's (FSC) decision to seize Delio’s assets cast doubts over its future operations. In a recent statement, the SEC claimed that the recent Ripple ruling was incorrect while disclosing that it has already decided and is currently moving in to post an appeal. The United States Federal Reserve has officially launched its new instant payment system, dubbed FedNow, to modernize and streamline the United States’ payment system. FTX founder Sam Bankman-Fried has agreed to a gag order that prevents him from publicly discussing his case after prosecutors alleged he was discrediting their witness, Caroline Ellison. Changpeng Zhao and other defendants associated with the Binance crypto exchange plan to appeal to the court to dismiss a lawsuit from the CFTC. Worldcoin, the high-tech cryptocurrency initiative supported by Sam Altman, might soon be under the scrutiny of data protection regulators in the UK. The Republic of Namibia pivots on its crypto stance by introducing a law regulating the digital asset industry, ending the country’s total ban on cryptocurrencies. Block.one, a significant investor in the blockchain industry, is now under fire from the EOS Network Foundation (ENF) for purportedly defaulting on its $1 billion investment commitment. Blockchain security firm Quantstamp is under scrutiny from the SEC for conducting an unregistered initial coin offering (ICO) in 2017. The United States House Financial Services Committee passed two crucial bills that could pave the way for regulatory clarity. The SEC has intensified its oversight of financial institutions that use AI and predictive algorithms. Democrat Congressman Brad Sherman said on Wednesday during a key congressional committee that only the US government has the right to print money out of thin air. The United States Senate has passed an $886 billion military spending bill with strict anti-money laundering provisions for cryptocurrency. In a letter addressed to the SEC, Grayscale Investments has appealed for the equal treatment of all spot Bitcoin ETFs. Singapore-based crypto exchange Crypto.com announced it obtained registration with the central bank of the Netherlands, De Nederlandsche Bank (DNB). The Supreme Court of India came down heavily on the central government, expressing displeasure over the lack of a clear law or regulations regarding cryptocurrencies. NFT NFT art gallery Bright Moments held its live minting event at the Gotham store, one of New York City's "luxury" cannabis dispensaries. CyberKongz partners with Axie Infinity’s creator Sky Mavis to migrate its existing Play and Kollect NFT game and mint the new Genkai NFT collection on the Ronin chain. Web3 CEO Mark Zuckerberg remains hopeful about the company’s metaverse prospects despite sinking $3.7 billion in operating losses in the second quarter of this year. Japan is set to embrace Web3 technology with the backing of major companies like Fujitsu and Mitsubishi, going beyond just entertainment and gaming. The Binance crypto exchange platform is set to start operations for Japanese customers, according to an announcement from CEO Changpeng Zhao. Security Crypto payments platform CoinsPaid believes North Korean Lazarus Group was behind the hack that saw $37 million stolen from the platform. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Arkham customers are seeking to identify whomever was behind FTX and Wintermute’s huge hacks as well as an alleged meme-coin rug pull.

Terra co-founder Do Kwon is currently in Montenegrin prison as the platform remains under scrutiny in South Korea, but crypto users continue to seek out information on wallets.