Morning Post - October 4

headlines

▌SEC sues Kim Kardashian for illegally promoting encrypted securities, the latter agrees to pay fine and cooperate with investigation

The U.S. Securities and Exchange Commission (SEC) has announced that it is suing Kim Kardashian (Kim Kardashian) for touting Ethereum Max encrypted securities on social media, but did not disclose the details of the promotion fee she received as a result. Kim Kardashian said that she agreed to reach a settlement and pay $1.26 million (including $260,000 in advertising fees and a $1 million fine), and will actively cooperate with the SEC's ongoing investigation. SEC Chairman Gary Gensler said Ms. Kardashian's case also serves as a reminder to celebrities and others that they are required by law to disclose to the public when and what they are paid to promote securities investments.

policy

▌Prime Minister of Japan: Will vigorously promote the use of Web3 services such as Metaverse and NFT

Japanese Prime Minister Fumio Kishida gave a policy speech at the interim congress meeting, in which he mentioned that he will vigorously promote the use of Web3 services such as Metaverse and NFT, and he also listed "expanding the use of Web3 services" as the goal of "investing in digital transformation" one. In addition, according to Itmedia reports, Japan's newly established government agency "Digital Agency" announced on September 30 that it will hold a "Web3 Research Conference". NFT and other Web3 related technologies. The event's schedule and agenda have not yet been announced.

cryptocurrency

▌Russian paramilitary groups are raising funds through cryptocurrencies

Russian paramilitary groups are using messaging app Telegram to raise funds via cryptocurrency to support paramilitary operations and evade U.S. sanctions. The funds are used to provide supplies to Russian-affiliated militias and support combat training at locations close to the Ukrainian border. . The fundraising groups had raised $400,000 in cryptocurrency as of Sept. 22, according to data from digital asset compliance and risk management firm TRM Labs, which identified one group raising funds as the Russian Task Force.

▌Nomics: Bear market leads to more than 12,000 "zombie cryptocurrencies" in 2022

According to Bloomberg, according to data from encrypted data provider Nomics, the bear market will lead to 12,100 "zombie cryptocurrencies" (Tokens that have not been traded for a month) in 2022. These cryptocurrencies have no "valid transactions" this year and are very inactive. , while not technically "disappearing", it's like a zombie. The researchers also found that a total of 136 cryptocurrencies became "zombies" in 2018, while 766 cryptocurrencies received the designation in 2019, well below this year's level.

▌Tether’s commercial paper holdings have fallen below $50 million

Tether Chief Technology Officer Paolo Ardoino said in a tweet that as of September 30, Tether increased its holdings of U.S. Treasury bonds from 43.5% of its total portfolio as of June 30 to 58.1% of its total portfolio, commercial paper Holdings have been pared down to less than $50 million. In the previous news in June, Paolo Ardoino said that Tether will fully reduce its holdings of commercial paper in the next few months until it reaches zero. On July 27th, Tether’s total exposure to commercial paper was reduced again to only about $3.7 billion.