Notable news in the last 24 hours (11/09) BTC: 25,746 USD | ETH: 1,613 USD| Total market cap: 1,014 billion USD 1️⃣ Layer 2 Base increases investment in new projects. After conducting screening on more than 800 applications, Base decided to select 6 most impressive projects to receive the investment from the Base Ecological Fund. Despite being a newcomer to the Layer 2 race, Base has recorded many significant achievements. Currently, Base is ranked 4th in terms of total value of locked assets in the system (TVL) at 385 million USD. 2️⃣ The IMF warns against banning cryptocurrencies entirely, a different approach is needed. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have warned against implementing a blanket ban on crypto assets. The joint report calls for targeted regulatory actions aimed at addressing the inherent risks associated with the cryptocurrency sector, the reports noted. The two agencies also recommended adopting sound monetary policies in the context of the upcoming G20 meetings. 3️⃣ FTX officially sued LayerZero. Specifically, FTX filed a lawsuit against LayerZero Labs. LayerZero allegedly withdrew $21 million from the FTX exchange shortly before the exchange collapsed and suspended withdrawals. The exchange claims that LayerZero did this based on inside information, in other words they conducted insider trading. In addition, FTX alleges that LayerZero founder Ari Litan also withdrew $19.5 million. FTX ordered the two exchanges to be invalidated and LayerZero to return the funds to FTX. 4️⃣ DCG CEO Barry Silbert is at risk of being investigated by the FBI. Specifically, the US Federal Bureau of Investigation (FBI), the US Securities and Exchange Commission (SEC) along with prosecutors in New York City recently held a meeting with Cameron Winklevoss to discuss the fraud allegations he has made against Barry Silbert, CEO of DCG. If the Gemini CEO's allegations are justified, the FBI will likely launch an investigation into DCG and Barry Silbert.

Notable news in the last 24 hours (11/09) BTC: 25,746 USD | ETH: 1,613 USD| Total market cap: 1,014 billion USD 1️⃣ Layer 2 Base increases investment in new projects. After conducting screening on more than 800 applications, Base decided to select 6 most impressive projects to receive the investment from the Base Ecological Fund. Despite being a newcomer to the Layer 2 race, Base has recorded many significant achievements. Currently, Base is ranked 4th in terms of total value of locked assets in the system (TVL) at 385 million USD. 2️⃣ The IMF warns against banning cryptocurrencies entirely, a different approach is needed. The International Monetary Fund (IMF) and the Financial Stability Board (FSB) have warned against implementing a blanket ban on crypto assets. The joint report calls for targeted regulatory actions aimed at addressing the inherent risks associated with the cryptocurrency sector, the reports noted. The two agencies also recommended adopting sound monetary policies in the context of the upcoming G20 meetings. 3️⃣ FTX officially sued LayerZero. Specifically, FTX filed a lawsuit against LayerZero Labs. LayerZero allegedly withdrew $21 million from the FTX exchange shortly before the exchange collapsed and suspended withdrawals. The exchange claims that LayerZero did this based on inside information, in other words they conducted insider trading. In addition, FTX alleges that LayerZero founder Ari Litan also withdrew $19.5 million. FTX ordered the two exchanges to be invalidated and LayerZero to return the funds to FTX. 4️⃣ DCG CEO Barry Silbert is at risk of being investigated by the FBI. Specifically, the US Federal Bureau of Investigation (FBI), the US Securities and Exchange Commission (SEC) along with prosecutors in New York City recently held a meeting with Cameron Winklevoss to discuss the fraud allegations he has made against Barry Silbert, CEO of DCG. If the Gemini CEO's allegations are justified, the FBI will likely launch an investigation into DCG and Barry Silbert.