{"id":1714202,"date":"2022-10-01T11:10:07","date_gmt":"2022-10-01T15:10:07","guid":{"rendered":"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/?post_type=station&p=1714202"},"modified":"2022-10-01T22:30:55","modified_gmt":"2022-10-02T02:30:55","slug":"putin-gives-snowden-citizenship-interpol-elicits-help-in-do-kwon-search-and-ftx-us-buys-voyager-hodlers-digest-sept-25-oct-1","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/putin-gives-snowden-citizenship-interpol-elicits-help-in-do-kwon-search-and-ftx-us-buys-voyager-hodlers-digest-sept-25-oct-1\/","title":{"rendered":"Putin gives Snowden citizenship, Interpol elicits help in Do Kwon search and FTX US buys Voyager: Hodler\u2019s Digest, Sept. 25-Oct. 1"},"content":{"rendered":"

Coming every Saturday, <\/i><\/b>Hodler\u2019s Digest<\/i><\/b><\/a> will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more \u2014 a week on Cointelegraph in one link.<\/i><\/b><\/p>\n

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Top Stories This Week<\/b><\/h2>\n

Pro-centralization Russian president grants citizenship to Edward Snowden: Report<\/b><\/a>
<\/b><\/h4>\n

Edward Snowden has reportedly received Russian citizenship via a decision from the country\u2019s president, Vladimir Putin. Snowden has been a permanent resident in Russia since 2013 after he exposed secrets relating to the United States National Security Agency. However, Snowden favors less government involvement than Putin\u2019s approach to leadership. Snowden has offered comment on crypto multiple times and helped build crypto asset Zcash.<\/span><\/p>\n

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<\/b>Breaking: Interpol \u2018Red Notice\u2019 issued for Do Kwon \u2014 South Korea prosecutors<\/b><\/a>
<\/b><\/h4>\n

Global criminal police organization Interpol has put out an alert known as a Red Notice in order to help locate and arrest Terraform Labs co-founder Do Kwon, wherever he may be. Terra\u2019s ecosystem fell apart earlier in 2022. Charges were brought against Kwon in South Korea for his involvement in the Terra project. Kwon has tweeted that <\/span>he is not hiding<\/span><\/a>. He was thought to be in Singapore, although Reuters reporting has indicated a possible change in location. Authorities in South Korea have also <\/span>taken steps to freeze<\/span><\/a> funds reportedly associated with Kwon.<\/span><\/p>\n

FTX US wins auction for Voyager Digital\u2019s assets<\/b><\/a><\/h4>\n

The auction to acquire Voyager Digital assets ended this week when crypto exchange FTX US emerged as the winner, edging out competing bids from CrossTower and Binance. The U.S. exchange paid around $1.4 billion for Voyayer\u2019s assets, which is roughly the same as the lender\u2019s remaining assets. The deal is pending approval from a U.S. bankruptcy court. <\/span>Wave Financial also participated<\/span><\/a> in the bidding and has since debated the outcome. <\/span><\/p>\n

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Judge orders SEC to turn Hinman documents over to Ripple Labs after months of dispute<\/b><\/a><\/h4>\n

U.S. District Court Judge Analisa Torres ruled that the U.S. Securities and Exchange Commission (SEC) must provide information about comments from a former government official that could impact Ripple\u2019s fight against the securities regulator. In a 2018 speech, former SEC Corporation Finance Division Director William Hinman noted that Bitcoin and Ether did not classify as securities. The ruling from Torres means the SEC must not hold back documents related to that speech. The battle between Ripple and the SEC began in 2020, with the commission calling XRP a security.<\/p>\n

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Pantera plans to raise $1.25B for second blockchain fund: Report<\/b><\/a><\/h4>\n

After launching its first blockchain fund in 2021, crypto-centric hedge fund Pantera Capital is reportedly looking to raise a whopping $1.25 billion for a second fund targeting digital asset projects. \u201cWe want to provide liquidity for people that are kind of giving up because we\u2019re still very bullish for the next 10 or 20 years,\u201d Pantera CEO Dan Morehead told Bloomberg.<\/span><\/p>\n

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Win<\/b>ners and Losers<\/b><\/h2>\n

\"\"At the end of the week, Bitcoin <\/span>(<\/b>BTC<\/b><\/a>)<\/b> is at <\/span>$19,777<\/b>, Ether <\/span>(<\/b>ETH<\/b><\/a>)<\/b> at <\/span>$1,356<\/b> and <\/span>XRP<\/b><\/a> at <\/span>$0.47<\/b>. The total market cap is at <\/span>$954.03<\/b> billion, <\/span>according<\/span><\/a> to CoinMarketCap.<\/span><\/p>\n

Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Quant <\/span>(QNT)<\/b> at 37.76%, Terra Classic <\/span>(LUNC)<\/b> at 21.41% and Helium <\/span>(HNT)<\/b> at 20.93%.\u00a0\u00a0<\/span><\/p>\n

The top three altcoin losers of the week are Chiliz <\/span>(CHZ)<\/b> at -9.29%, Lido DAO <\/span>(LDO)<\/b> at -6.82% and Cronos <\/span>(CRO)<\/b> at -6.31%. <\/span><\/p>\n

For more info on crypto prices, make sure to read Cointelegraph\u2019s market analysis<\/a>.<\/span><\/p>\n

Most Memorable Quotations<\/b><\/h2>\n
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\u201cThe most important thing is that [the Ethereum Merge] was executed flawlessly. Everything that was supposed to happen did happen. And none of the things that people were worried about did happen.\u201d<\/span><\/p>\n<\/blockquote>\n

Eli Ben-Sasson<\/b><\/a>, co-founder of Starkware<\/b><\/p>\n

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\u201cI think the world is just waking up to reality and Ethereum just went way off into fantasyland at the exact wrong time.\u201d<\/span><\/p>\n<\/blockquote>\n

Cory Klippsten<\/b><\/a>, CEO of Swan Bitcoin<\/b><\/p>\n

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\u201cIn DeFi, you can\u2019t get away with letting one borrower be half of a lending pool because people see that and they question the risk management there.\u201d<\/span><\/p>\n<\/blockquote>\n

Sid Powell<\/b><\/a>, CEO and co-founder of Maple Finance<\/b><\/p>\n

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\u201cIn our genres that we\u2019re hitting, there might be roughly 500 million people that we can bring in that literally won\u2019t know that they\u2019re playing a crypto game.\u201d<\/span><\/p>\n<\/blockquote>\n

Kieran Warwick<\/b><\/a>, co-founder of Illuvium<\/b><\/p>\n

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\u201cPeople need to be able to interact with apps and services and content and transactions without knowing that they\u2019re using crypto.\u201d<\/span><\/p>\n<\/blockquote>\n

Jeremy Allaire<\/b><\/a>, CEO of Circle<\/b><\/p>\n

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\u201cSMS 2FA is better than nothing, but it is the most vulnerable form of 2FA currently in use.\u201d<\/span><\/p>\n<\/blockquote>\n

Jesse Leclere<\/b><\/a>, security expert for CertiK<\/b><\/p>\n

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\u201cI\u2019m writing code in my living room. [\u2026] I\u2019m making zero effort to hide.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n

Do Kwon<\/b><\/a>, co-founder of Terra<\/b><\/p>\n

Prediction of the Week\u00a0<\/b><\/h2>\n

Bitcoin price due \u2018big dump\u2019 after passing $20K, warns trader<\/b><\/a><\/h4>\n

Bitcoin largely remained below $20,000 this week, though the asset successfully broke above that level several times, according to Cointelegraph\u2019s BTC price index. After zipping past $20,000 on Sept. 30, Bitcoin fell right back down below the level, seeming to line up with the timing of a recent speech by Russian President Vladimir Putin. Pseudonymous Twitter user \u201cIl Capo of Crypto\u201d predicted the price action in a Sept. 30 tweet: \u201cPump to 20000-20500 before Putin\u2019s speech. Then big dump.\u201d<\/span><\/p>\n

FUD of the Week\u00a0<\/b><\/h2>\n

\"\"<\/b><\/a><\/h4>\n

California files order against Nexo interest account, says it\u2019s 8th state to take action<\/b><\/a><\/h4>\n

Crypto lending platform Nexo has been ordered by California\u2019s Department of Financial Protection and Innovation (DFPI) to halt the operation of its Earn Interest Product. The agency asserted that the product does not fall in line with regulatory approval requirements. Nexo essentially froze the product for U.S. customers earlier in 2022, although not fully, according to the DFPI. Nexo reportedly faces similar action from New York, Vermont and five other state regulators. Nexo explained to Cointelegraph that it has been working with regulatory authorities in the U.S.<\/span><\/p>\n

<\/b>MEV bot earns $1M but loses everything to a hacker an hour later<\/b><\/a>
<\/b><\/h4>\n

A Maximal Extractable Value (MEV) bot capitalized on an arbitrage opportunity on decentralized exchange Uniswap V2, tallying about $1 million worth of Ether in profits in a single day. The fanfare was short-lived, however, as the bot\u2019s apparently questionable code left it vulnerable to exploitation, with a hacker apprehending the funds on the same day.<\/span><\/p>\n

SEC alleges fintech and \u2018market maker\u2019 firms manipulated crypto market in token scheme<\/b><\/a><\/h4>\n

Hydrogen Technology Corporation and market maker Moonwalkers Trading Limited face action from the SEC for alleged market manipulation. In 2018, Hydro tokens were dispersed via multiple avenues, including an airdrop. Hydrogen and Moonwalkers then allegedly collaborated to make it seem like the asset was significantly active on the market and subsequently dumped Hydro tokens for profit.<\/span><\/p>\n

Best Cointelegraph Features<\/b><\/h2>\n

\"\"<\/b><\/a><\/h3>\n

5 years of the \u2018Top 10 Cryptos\u2019 experiment and the lessons learned<\/b><\/a><\/h3>\n

\u201cIndex investing can be boring, but it saves you from the worst possible outcomes.\u201d<\/span><\/p>\n

Throw your Bored Apes in the trash<\/b><\/a><\/h3>\n

From carrying medical data to streamlining royalty payments, nonfungible tokens serve a variety of important technological purposes. Bored Apes are a demeaning distraction.<\/p>\n

Tax on income you never earned? It\u2019s possible after Ethereum\u2019s Merge<\/b><\/a><\/h3>\n

IRS rules weren\u2019t ready for the Ethereum upgrade. It\u2019s unlikely to become the fiasco that taxpayers experienced when Bitcoin forked in 2017, but there are measures they can take to prepare for whatever the IRS decides.<\/span><\/p>\n

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The best of blockchain, every Tuesday<\/h3>\n

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