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WuBlockchain Weekly: Binance Completely Exits Russia, MicroStrategy Acquires Over 5,000 More BTC, Mixin Suffers Attack and Top10 News

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1. MicroStrategy Announces Purchase of 5,445 BTC for $147 Million link On September 25th, MicroStrategy announced an additional purchase of approximately $147.3 million, acquiring 5,445 BTC at an average price of $27,053 per Bitcoin. As of September 24, 2023, MicroStrategy now holds a total of 158,245 BTC, acquired at an approximate cost of $4.68 billion, with an average price of $29,582 per Bitcoin. 2. SEC Aims to Expedite Ethereum Futures ETF link On September 28th, according to Bloomberg’s ETF analyst Eric Balchunas, there are reports that the U.S. Securities and Exchange Commission (SEC) is looking to expedite the approval of Ethereum futures ETFs (because they want to free up from their work after the government shutdown); therefore, they have requested applicants to update their documents by Friday afternoon so that they can start working on them on Monday and possibly begin trading on Tuesday. Balchunas noted, “There are now over a dozen trying to do a straight Ethereum futures
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Will ChatGPT’s Recent Upgrade Power A New Era For Crypto?

ChatGPT’s recent update will allow it to browse the internet for correct information. The crypto industry uses ChatGPT to make crypto price predictions. Firms including the Solana Foundation and Elliptic announced ChatGPT integration into platforms.  On September 27, OpenAI founder Sam Altman confirmed that ChatGPT can now browse the internet to provide the correct information alongside source links, and is no longer limited to data from September 2021. ChatGPT is already a popular tool for crypto price predictions, however, its limited knowledge formed a restriction till now. ?cq we are so back https://t.co/rPpYdQuTpP — Sam Altman (@sama) September 27, 2023 News platform Finbold is especially popular for publishing coin value predictions by ChatGPT. A recent article published yesterday discussed three cryptos to buy and hold, featuring Bitcoin, Ethereum, and Cardano for their fixed supply, proof-of-stake, and robust community, respectively. Additionally, it
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The preferred exchange for PayPal USD will be Crypto.com.

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In August 2023, PayPal made a significant move by introducing its stablecoin, backed by the U.S. dollar. Partnering with Crypto.com, based in Singapore, and Paxos, PayPal aimed to establish itself as a leading platform for USD transactions. As of a press release dated September 28, Crypto.com has successfully secured the position of having the highest liquidity for PY USD trading pairs on a global scale. They have made PY USD available to both retail and institutional users, with exciting “trading Features ” soon to follow. This strategic development builds upon the existing partnership between PayPal and Crypto.com, including the innovative option to fund the Crypto.com Visa Card using PayPal , as highlighted in the press release. The collaboration’s overarching goal is to connect over 80 million users to the latest crypto innovations while simultaneously supporting PayPal’s vast network of consumers and merchants. This endeavor plays a pivotal role in PayPal’s ongoing mission to
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Radix Babylon Upgrade Marks New Era for Web3 User and Developer Experience

London, England, September 28th, 2023, Chainwire Decentralized ledger platform Radix Publishing has celebrated the successful completion of its long-anticipated Babylon mainnet upgrade. The Babylon upgrade represents the end of the Olympia era and has been hailed by Radix as a game-changing moment for Web3 and the wider DeFi space. The Babylon mainnet upgrade has been described as a “substantial update” to the Radix Network mainnet, enabling the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and Features , most notably, the Radix Mobile Wallet. “With the Radix Babylon Upgrade complete, the Full Stack for DeFi has come together for the first time, ushering in a new beginning for both existing users, as well as those who were hesitant to embrace DeFi and Web3. A new ecosystem awaits – an ecosystem where builders can intuitively build and launch powerful and secure dApps, and where our friends, family, and colleagues can confiden
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Bitcoin Ordinals and Inscriptions Impact on Miner Revenue as Halving Nears

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This year, Bitcoin ordinals and inscriptions have significantly impacted block space utilization, bolstering miner revenue through increased transaction fees. However, miners face challenges on the horizon as the impending halving event approaches. Since their introduction in February 2023, inscriptions have actively participated in the cryptocurrency ecosystem, buying up block space and filling the mempool. They have primarily occupied the remaining space after higher-value monetary transfers. Despite their contribution to transaction fees, analytics provider Glassnode reported that the number of pending transactions in its mempool has notably increased since May. Most of these unconfirmed transactions have a minimal data footprint. Inscriptions are sensitive to absolute fee amounts and can be displaced by more urgent monetary transfers. Glassnode pointed out that the surge in text-based inscriptions aligns with the rise in pending transactions, confirming that these compact inscr
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Bank Of International Settlements’ GM Calls For Legal CBDC Framework

Bank of International Settlements’ general manager Agustin Carsten has called for CBDC legal structure across countries. In a recent speech published on the bank’s website, Carsten discussed the benefits of CBDC. According to BIS’ 2022 survey, 93% of central banks were actively involved in various CBDC initiatives. Earlier today, Agustin Carstens, the general manager of the Bank for International Settlements (BIS) stated that all nations should establish legal facilities that facilitate the implementation of central bank digital currencies (CBDCs). According to a speech published on the official BIS website, Carstens had quoted: “Wholesale CBDCs have vast potential in the areas of automation and risk mitigation. They could in effect make central bank money programmable, for example by providing that settlement will occur if and only if certain conditions are met.” In the speech, Carstens emphasized the significance of CBDCs, citing that wholesale CBDCs
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Binance successor in Russia: Everything you need to know about CommEx, so far

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The sale has sparked chatter in local crypto enthusiasts, who say the two sites appear so similar that CommEx could be a "Russian version" of Binance.US. Cryptocurrency exchange Binance has claimed that it will fully quit Russia by selling its local business to a completely new exchange known as CommEx. While promising its customers a “smooth” migration, Binance hasn’t provided much information about its successor in Russia. At the time of the announcement, little is known about CommEx’s founders or background. The exchange was launched on Sept. 26, 2023, or just one day before Binance announced the sale of its business to the newly created exchange for an undisclosed amount. A spokesperson for CommEx didn’t respond to multiple questions from users about the company’s owners or executives in the official Telegram group. The person claimed that CommEx is registered in Seychelles and will serve its customers as a global exchange, focused on two main regions: the Commonwealth
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