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Weekly Article Recap: 9/18-9/22

A recap of notable news from the week.

BSCN

September 23, 2023

Balancer Compromised: Protocol Urges Users to Cease All Interaction Immediately

Earlier in the week, Ethereum-based Automated Market Maker (AMM) Balancer grappled with a severe security breach which was attributed to a DNS (Domain Name System) attack. Onchain analyst Zach XBT revealed that approximately $238K was stolen due to the exploit.

Find more information here.

Binance Labs Announces 12 Projects for Incubation

Binance Labs, the venture capital arm of Binance, revealed the 12 projects selected for its Season 6 incubation program. This season, set to commence on September 25, will last for two months, offering support to founders and projects across various ecosystems, regardless of blockchain affiliation.

Discover the 12 projects in this article.

Grayscale Seeks SEC Approval for Ethereum Futures ETF

Grayscale Investments has filed for a new Ethereum futures ETF, hinting at growing institutional adoption of cryptocurrencies. This move suggests that spot ether may be held in the future once the SEC gains more confidence, offering direct exposure to the underlying asset.

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CZ Defends Claims That Binance Will Delist All Stablecoins in Europe

Binance's French legal director, Marina Parthuisot, announced plans to remove all stablecoins from its European offerings by June 30, 2024. This decision comes in response to impending regulatory changes. In contrast, Binance CEO Changpeng Zhao (CZ) refuted the claims, asserting that the exchange's partners would introduce EUR and other stablecoins in Europe, suggesting the discussion had been misconstrued.

Find more information in the article.

Optimism Announces Third OP Airdrop: Everything You Need to Know

Optimism, an Ethereum Layer 2 blockchain, recently distributed its third $OP airdrop, rewarding community members for their participation in governance. A total of 19 million $OP tokens, valued at over $26 million, were airdropped to 31,870 unique wallet addresses, as announced on Twitter. This move is part of Optimism's efforts to encourage active community engagement.

Learn more here.

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