Morning Post - October 3

headlines

▌Web3.0 Google search index shows a rising trend

According to Google data, the Web3.0 Google search index has recently shown an upward trend, an increase of 25 compared with the index from July 31 to August 6, and the current index is 65.

policy

▌The Indian Law Enforcement Bureau freezes WRX and USDT worth 4.764 million rupees

India’s Enforcement Directorate (ED) announced Friday that it has frozen cryptocurrencies WRX (Wazirx’s utility token) and USDT worth Rs 4.764 lakh under the country’s Prevention of Money Laundering Act (PMLA). The ED initiated a money laundering investigation against Aamir Khan and others related to E-nuggets based on the FIR dated 15 February 2021. Jinse Finance previously reported that Indian law enforcement agencies froze 128 crore worth of bitcoins from gaming platform E-nuggets.

▌U.S. senators proposed the "No Digital Dollar Act" to prohibit the Treasury and the Federal Reserve from interfering with Americans' use of banknotes

U.S. Senator James Lankford announced that he proposed a bill called the "No Digital Currency Act" to prohibit the U.S. Treasury Department and the Federal Reserve from interfering with Americans' use of paper money when digital currencies are adopted, and to ensure that individuals can use cash and Coin transactions remain private. According to the text of the bill, the bill would amend the Federal Reserve Act to prohibit the Board of Governors of the Federal Reserve System from suspending the issuance of Federal Reserve notes in the event of a central bank digital currency and using them for other purposes. In addition, if a central bank digital currency is issued, the Secretary of the Treasury shall not stop the minting and issuance of Tokens under this section. No central bank digital currency shall be considered legal tender pursuant to Title 31, United States Code, Title 16, Section 5103.

cryptocurrency

▌About 70% of Transit Finance’s stolen assets have been returned

Transit Finance official sources show that hackers have returned about 70% of the stolen assets to the following two addresses.

▌BitMEX plans to launch the platform Token BMEX by the end of this year

Alexander Hoeptner, CEO of encryption trading platform BitMEX, said in an interview at the Token2049 conference in Singapore that he plans to launch his trading platform Token BMEX by the end of this year. It was previously reported that in July this year, BitMEX decided to postpone the launch of BMEX in consideration of unsatisfactory market conditions, and hoped that BMEX would be launched in an environment where holders can obtain the best return opportunities.

important economic developments

▌It is rumored that a large investment bank has exploded and the market speculates that the protagonist is the century-old banking giant Credit Suisse

Rumors of the century-old banking giant Credit Suisse's thunderstorm fermented this weekend. An ABC News reporter said there was "credible news" that a major international investment bank was on the brink of crisis. Many people speculate that this large investment bank is Credit Suisse, which had suffered huge losses in the Archegos explosion before, and its stock price fell all the way. A reporter from Fox Financial Channel said that the CEO of Credit Suisse has been meeting with major institutional investors. These investors are worried that the company’s financial foundation is not stable, and the CEO assured them that Credit Suisse has strong capital and liquidity. Credit Suisse's banking and wealth-management platforms are valuable, but investment banking is a disaster, with the company's CDS trading as if a Lehman moment was coming, according to one major investor. But just this Friday, the CEO of Credit Suisse issued a memo to employees, saying that "I believe that employees will not confuse the company's daily stock price performance with the actual strong capital base and liquidity it has.