Notable news in the last 24 hours (19/09) BTC: 26,794 USD | ETH: 1,635 USD| Total market cap: 1,046 billion USD 1️⃣ a16z invests $25 million in Bastion. Bastion, a crypto startup founded by two former senior employees of a16z, has successfully raised $25 million in seed funding, according to Bloomberg News. a16z led the round, with participation from Laser Digital Ventures, Robot Ventures, Packy McCormick, Not Boring Capital and many others. 2️⃣ The South Korean government intensifies its investigation into the OTC crypto sector. Regulators in South Korea are investigating crypto transactions through OTC over concerns about its increased use for criminal activities. According to a report in a local newspaper, Deputy Directors Ki No-Seong and Park Min-woo of the Financial Services Commission (FSC) and other officials attended a meeting on "Regulatory Issues Related to Virtual Assets" focused on the OTC cryptocurrency market. During this meeting, Deputy Director Ki No-Seong called on the regulation of the OTC cryptocurrency market due to concerns about money laundering. 3️⃣ Wintermute and DWF Labs criticize each other. Recently, news of the conflict between Wintermute and DWF Labs, the two most prominent market makers (MMs) in the cryptocurrency sector, caused a stir in the crypto community. Wintermute president Yoann Turpin criticized a series of DWF Labs-related issues at the Token 2049 event. In his speech, Turpin made the negative point that DWF Labs should not be viewed as a market maker (MM) in the way that Wintermute understands. He explained that DWF Labs had misled the community by defining their OTC trading activity as a form of investment. 4️⃣ JPEX is "closed" partly because of an investigation by Hong Kong. Cryptocurrency exchange JPEX has halted many programs after being warned and investigated by Hong Kong. Specifically, JPEX has increased withdrawal fees and suspended the Earn program on its platform. While the spot trading service continues, some users say the platform already charges very high withdrawal fees, with a maximum withdrawal limit of 1,000 USDT.

Notable news in the last 24 hours (19/09) BTC: 26,794 USD | ETH: 1,635 USD| Total market cap: 1,046 billion USD 1️⃣ a16z invests $25 million in Bastion. Bastion, a crypto startup founded by two former senior employees of a16z, has successfully raised $25 million in seed funding, according to Bloomberg News. a16z led the round, with participation from Laser Digital Ventures, Robot Ventures, Packy McCormick, Not Boring Capital and many others. 2️⃣ The South Korean government intensifies its investigation into the OTC crypto sector. Regulators in South Korea are investigating crypto transactions through OTC over concerns about its increased use for criminal activities. According to a report in a local newspaper, Deputy Directors Ki No-Seong and Park Min-woo of the Financial Services Commission (FSC) and other officials attended a meeting on "Regulatory Issues Related to Virtual Assets" focused on the OTC cryptocurrency market. During this meeting, Deputy Director Ki No-Seong called on the regulation of the OTC cryptocurrency market due to concerns about money laundering. 3️⃣ Wintermute and DWF Labs criticize each other. Recently, news of the conflict between Wintermute and DWF Labs, the two most prominent market makers (MMs) in the cryptocurrency sector, caused a stir in the crypto community. Wintermute president Yoann Turpin criticized a series of DWF Labs-related issues at the Token 2049 event. In his speech, Turpin made the negative point that DWF Labs should not be viewed as a market maker (MM) in the way that Wintermute understands. He explained that DWF Labs had misled the community by defining their OTC trading activity as a form of investment. 4️⃣ JPEX is "closed" partly because of an investigation by Hong Kong. Cryptocurrency exchange JPEX has halted many programs after being warned and investigated by Hong Kong. Specifically, JPEX has increased withdrawal fees and suspended the Earn program on its platform. While the spot trading service continues, some users say the platform already charges very high withdrawal fees, with a maximum withdrawal limit of 1,000 USDT.

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