According to Odaily, Whale Alert has reported that approximately 100,000,000 USDC was transferred from Wintermute to an unknown wallet around 5:36 PM UTC+8.

The United Nations Office on Drugs and Crime has called on Southeast Asian countries to criminalize the operation of unlicensed money service businesses or virtual asset service providers (VASPs). The agency said in a report released on Monday that some VASPs, including those with ties to known criminals, are facilitating transactions for fraud organizations and high-risk gambling sites. The report said an unnamed entity conducted transactions with criminal organizations for "at least hundreds of millions of dollars." These include groups associated with or directly involved in large-scale drug trafficking, human trafficking, cybercrime and child sexual abuse material, as well as entities sanctioned by the U.S. Office of Foreign Assets Control (OFAC) and wallets associated with the North Korean Lazarus Group. "More than ever, governments need to recognize the severity, scale and scope of this truly global threat and prioritize solutions to address the region's rapidly growing criminal ecosystem," Masood Karimipur, UNODC regional representative, said in a statement. (Coindesk)

According to the 2024 Global Game Report: The Competitive Future of Web3 Games, jointly released by Web3 game protocol Elympics, Blockchain Game Alliance (BGA), and blockchain game data tracking platform PlayToEarn, the complexity of using cryptocurrency wallets is one of the main reasons why some players have not tried Web3 games. The report surveyed 1,000 gamers around the world and explored the current status of blockchain games and players' views on Web3 games. The survey results showed that more than 10% of respondents said that complex cryptocurrency wallets were the primary reason they had not tried blockchain games. In addition, 7.3% of respondents said they did not understand the value of Web3 games, and 9.1% of respondents believed that blockchain games lack appeal. When asking players why they play games, airdrops and money-making potential were listed as the main reasons. The opportunity to compete with other players is also a popular reason. Michal Dabrowski, CEO of Elympics, pointed out in the report that Web3 games have always faced challenges in attracting mainstream players. However, he believes that a major shift is coming. "Infrastructure players like TON entering the Web3 gaming space are introducing powerful social distribution networks and highly engaged communities," said Dabrowski, adding that as more developers choose to build in Web3, high-quality games will gain more attention. The report also highlighted the importance of convenience. Although the complexity of crypto wallets may have prevented some players from trying Web3 games, crypto projects like The Open Network (TON) have been working hard to address this adoption barrier. Justin Hyun, investment director of the TON Foundation, previously said that Telegram's Mini Apps will be so convenient that users won't even notice that they are interacting with cryptocurrencies. (Cointelegraph)

According to Whale Alert monitoring, around 5:36 pm Beijing time, 100,000,000 USDC was transferred from Wintermute to an unknown wallet.

According to PANews, South Korea's Ministry of Economy and Finance has announced that it is considering measures to ensure the integrity of cross-border transactions involving virtual assets such as stablecoins. The ministry explained that stablecoins are primarily used within the cryptocurrency ecosystem for transactions and emphasized their potential to expand into the real economy as a means of cross-border payments and transactions. A government official stated that the regulation of stablecoins will begin with the establishment of a system for issuing stablecoins pegged to the Korean won. This system will first create a legal framework for stablecoins pegged to the Korean won and then gradually extend to stablecoins pegged to foreign currencies.

Granbury residents have had enough. They’re suing Bitcoin miner Marathon Digital for what they call “intolerably loud” noise coming from its operations in Hood County, Texas. source: https://www.cryptopolitan.com/granbury-residents-sue-marathon-digital/

Fraudsters have left the TON blockchain due to the absence of significant targets or “whales” for profitable cons. It is associated with TON’s extraordinary tokenomics and a high percentage of airdrop users, which does not allow wallet draining tools, which fraudsters use, to be attractive. Hence, these bad actors have migrated to the Bitcoin blockchain … source: https://coinpedia.org/crypto-live-news/crypto-grifters-takes-flight-from-ton-blockchain-to-bitcoin-markets/

If you follow Altcoin Buzz, you know that Sui and its ecosystem are on fire. If you missed that, it’s time to start paying attention. Many crypto experts and influencers see Sui as the next Solana, like Solana was in the 2021 bull run. Now, there were plenty of Sui airdrops during this year. Cetus, […] source: https://www.altcoinbuzz.io/product-release/sui-airdrops-whats-happening-in-its-ecosystem/

Some service providers are facilitating transactions for fraud outfits and high-risk gambling sites, the report said. source: https://www.coindesk.com/policy/2024/10/08/un-agency-recommends-criminalization-of-unlicensed-vasps-in-southeast-asia-to-counter-cyber-fraud/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

According to PANews, during the 2024 Seoul Fintech Week, Lee Hyun-deok, Director of the Virtual Asset Regulation Bureau at the Korean Financial Services Commission (FSC), emphasized that while the current impact of the cryptocurrency market on financial stability is relatively limited, this influence is expected to intensify. He noted that the recent introduction of cryptocurrency regulatory measures in South Korea might trigger further discussions on regulatory details, leading to regulatory uncertainty. This uncertainty could potentially affect innovation and development within the cryptocurrency sector.

Telegram's top crypto games, Hamster Kombat (HMSTR) and Catizen (CATI), have seen their tokens drop over 50% from peak values, echoing declines in other gaming tokens like Notcoin (NOT) and Toncoin (TON). The question now is whether they can recover or face a continued decline and possible collapse.