What Happened in the Crypto Market While Everyone Was Sleeping – September 2 Review

The KyberSwap platform team offered hackers a refund in exchange for 15% of the amount, American hedge funds focused on new reporting rules want to offer new reporting rules, South Korean LG is preparing to release a crypto wallet – these and other news on the morning of September 2 in our review

Behavior of cryptocurrencies – capitalization leaders

Bitcoin (BTC), according to CoinMarketCap, started Friday with a slight decline, followed by a surge of growth. The cryptocurrency is trading at $20,179. Bitcoin’s 24 hour minimum is $19,653 and the maximum is $20,215.

The second largest cryptocurrency by capitalization, Ethereum, also started the day with a slight fall, followed by an increase. As of the time of writing the review, the coin is trading at $1598 (1 token in rubles – ₽96,111).

In the top 10 most capitalized cryptocurrencies, the best result for 24 hours was recorded by Cardano (+3.02%). Within a week, all coins lost their value. The largest losses over the past 7 days were recorded by Solana (-10%). Within 24 hours, all cryptocurrencies, with the exception of a number of stablecoins, showed positive dynamics.

In the top 100 most capitalized cryptocurrencies, according to the resource CoinGecko, the best result per day was recorded by Celsius Network (+24.2%), per week – by eCash (18.3%). Over the past 24 hours, LEO Token (-6.7%) has been losing in price more actively than others. Helium (-27.3%) recorded the biggest losses for the week.

The main news of cryptocurrencies on the morning of September 2

The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) want to create a new reporting regime for cryptocurrency-focused hedge funds.

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Information about this, along with a request for comments on the initiative (until October 11, 2022), appeared on the official resources of the regulators.

We are talking about changing the form of PF, which was introduced after the financial crisis of 2008. Market participants use it to confidentially provide regulators with information about the risks of working with certain assets. Right now there are no items about digital assets in PF. The initiative of the SEC and the CFTC is aimed at adding information about cryptocurrencies to the form.

Fraudsters hacked the multi-chain aggregator of decentralized crypto exchanges KyberSwap. Information about this appeared in the blog of the project.

The attackers managed to gain access to the assets of platform users for $265 million. The KyberSwap team promised to compensate for all losses. Also, representatives of the platform approached the hacker with an offer. If the attacker returns the stolen, he will get 15% of the amount.

According to the KyberSwap team, they have enough information at their disposal to track down the scammer. If the hacker agrees to the deal, the developers will “write off” the incident as a bug detection as part of the bounty program.

South Korean technology company LG Electronics is preparing to release Wallypto crypto wallet. Information about this appeared in the local media.

According to the publication, the crypto wallet will operate on the basis of the Hedera Hashgraph network. Also, the media write that the company has already registered the Wallypto trademark and logo.