Ledger ConnectKit Suffers Supply Chain Attack | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• OKX lists Avive (AVIVE).
• Bitget becomes the first to enable deposits for the mining project Fusionist (ACE).
• Coinbase announces that BTC-USD and ETH-USDC trading pairs are now fully available on the platform.

2. Cryptocurrency Trends:

• Sotheby's first auction of inscriptions (Bitcoin NFTs) — BitcoinShrooms — sells for approximately US$450,000, five times the highest estimates.
• Ledger ConnectKit suffers a supply chain attack. The attacker injected a wallet-draining payload into the popular NPM package. Ledger has since issued an official press release stating that it has identified and removed the malicious version of Ledger ConnectKit and is now pushing out an official update to replace the malicious files.
• HashFlow announces that it has launched on the Solana Network. Users can now conduct SOL-native transactions on Hashflow without compromising ease of use, liquidity, pricing, or escrow.
• LayerZero releases an article stating that LayerZero V2 has been deployed on more than 40 testnets, along with its whitepaper on V2's technology. LayerZero V2 says it is introducing a number of upgrades, including decentralized verification networks (DVNs), permissionless execution, increased throughput, and enhanced programmability.
• Pendle's official account reposts an image posted by X (formerly Twitter) user Vu Gaba Vineb which shows that Pendle V3 may be coming in 2024 and cover TradFi interest rates.

3. Financing Trends:

• Farcana, a UAE-based GameFi studio, raises US$10M in seed round funding with participation from Animoca Brands, Polygon Ventures, Fenbushi Capital, Rarestone Capital, MMPro Trust, Unpopular Ventures, and others.
• Metagood, an NFT startup, raises US$5 million in seed round funding led by Sora Ventures, with participation from ACTAI Ventures, Bitcoin Frontier Fund, Bitcoin Magazine Fund, London Real Ventures, and Peach.xyz.
• nftperp, an NFT perpetual futures trading platform, raises US$3 million in Series A funding led by 1kx with participation from Maven 11 and Mechanism Capital.
• OKX Ventures announces a strategic investment in bitSmiley, a stablecoin protocol on the BTC ecosystem that allows users to overcollateralize native BTC to mint the bitUSD stablecoin on the BTC network.
• Hivello, a decentralized physical infrastructure network (DePIN) project, raises US$1 million in pre-seed round funding with participation from NGC, Blockchain Founders Fund, Side Door Ventures, IDG, Bing Ventures, MEXC Exchange, XT. com Exchange, Genesis Block, and NxGen.

4. Regulatory Trends:

• CoinDesk reports that in a consultation paper issued on Thursday, the Basel Committee on Banking Supervision (BCBS) proposes revising standards to allow stablecoins to be considered less risky than unsecured cryptocurrencies such as Bitcoin.
• The U.S. Department of Justice discloses that Lu Zhang, Justin Walker, Joseph Wong, and Hailong Zhu have been charged with money laundering from cryptocurrency investment scams. According to court documents, the individuals allegedly conspired to open shell companies and bank accounts to launder funds from victims of cryptocurrency investment scams and other fraudulent schemes that resulted in over US$80 million in losses.