Alphapo Hot Wallet Hacked, $23 Million in Losses Incurred | Cryptocurrency Trends

● Deadlines for key document submission in the Coinbase and SEC Lawsuit set: Coinbase must file a legal brief outlining its arguments, evidence, and supporting documents on August 4, 2023. The SEC is required to file its own legal brief to outline its arguments and evidence by October 3. Once the SEC files its brief, Coinbase will have until October 24 to file a reply brief.

● HashKey Group COO: A user has completed their first virtual asset transaction on HashKey Exchange through the Hong Kong Quam Securities app. From now on, high-net-worth individuals in Hong Kong will be able to trade digital assets directly within the brokerage system through the HashKey Omnibus service.

● Mainstream Exchange Listings (CEX: Token – Time of Listing in UTC)

Bitget: EML Protocol (EML) - July 26, 9:00 AM.

● Elon Musk tweets that Twitter's X logo will go live today, replacing the blue bird logo. The X.com URL is now automatically redirecting to twitter.com .

● U.S. SEC lawyers: SEC staff is considering the various available avenues for further review of the Ripple case and intends to recommend that the SEC seek such review.

● Celsius Network reaches key settlements that may result in customers receiving compensation by the end of the year.

● OpenAI has announced that its ChatGPT model is now available for Android, which users can download on Google Play through pre-registration.

● OpenAI CEO Sam Altman's cryptocurrency project Worldcoin opens up its World ID SDK to developers;

● Alphapo hot wallet loses US$23 million in hack. The stolen funds were first exchanged for ETH, then cross-chained to the Avalanche and BTC networks. Alphapo processes payments for many gaming services, including HypeDrop, Bovada, and Ignition.

● On-chain data shows that the EOA address of Multichain CEO's sister transferred 52 Bitcoin, 11.91 million DAI, 13,100 ETH, and 64.06 million f USDT on the Fantom chain on July 23.

● The Arbitrum proposal to allocate 12 million ARB to Camelot was rejected (38% against, 30% for, 32% abstentions).

● LayerZero launched on the Linea mainnet. Applications can now be integrated with the new zkEVM rollup via LayerZero.

● Cymbal, a readable blockchain explorer, raises US$18.5 million in a funding round with participation from First Round Capital, Solana Ventures, Coinbase Ventures, and others.

● Superblock, developer of Over Protocol, a lightweight node protocol, raises a total of US$8 million in two rounds of funding with participation from SK, Netmarble, DSC, EInvestment, Schmidt, SpringCamp, and NaverZ.

● UniSat Wallet, a Bitcoin inscription wallet, has started raising funds at a US$50 million valuation. The project has already finalized some investors and is in communication with Binance Labs. The UniSat team has prior experience in the BSV project.

No significant regulatory developments.