Popular cryptocurrency exchange Binance is letting its European users migrate their tokenized stocks to CM-Equity AG, the German investment firm that it has partnered with to list these stocks. Binance suddenly shut down its tokenized stock service in July after regulators closed in on it.

Decentralized finance (DeFi) money market Compound has an additional $65 million worth of COMP at risk due to a buggy upgrade to the protocol that went live last week.

Cryptocurrency asset manager Grayscale has added Solana (SOL) and Uniswap (UNI) to its large-cap cryptocurrency fund. The company, a subsidiary of the Digital Currency Group, manages $494 million in its Digital Large Cap Fund.

Sponsored: Fancy being a part of one of the world's largest decentralized autonomous organizations, BitDAO? Here's your chance. Bybit is giving away up to 600 BIT per user! As a token holder, you can make critical decisions relating to BitDAO to help shape the future of DeFi.

Top stories in the Crypto Roundup today:

• Binance Lets Users Move Tokenized Stocks Ahead of Service Shutdown
• $65 Million in COMP at Risk Waiting for Compound’s Time-Locked Bug Fix
• Grayscale Adds Solana to Digital Large Cap Fund
• Chart of the Week: Bitcoin Hashrate Steadily Rising
• Sponsored: Grab Up to 600 BIT on Bybit — And Be Part of BitDAO
  

Binance Lets Users Move Tokenized Stocks Ahead of Service Shutdown

Popular cryptocurrency exchange Binance is letting its European users migrate their tokenized stocks to CM-Equity AG, the German investment firm that it has partnered with to list these stocks. Binance suddenly shut down its tokenized stock service in July after regulators closed in on it.

Customers from other nations, including the United Kingdom, cannot migrate tokens to CM-Equity AG and as such must sell their tokenized stocks on Binance before October 14. On October 15, Binance will sell the tokens of users who did not sell their tokens or move them.

Binance launched tokenized stocks in April, at about the same time its rival Coinbase was listed on the Nasdaq exchange. In mid-July, Binance ceased offering tokenized stocks after several regulators issued warnings against it.

$65 Million in COMP at Risk Waiting for Compound’s Time-Locked Bug Fix

Decentralized finance (DeFi)money market Compound has nearly $150 million worth of COMP at risk due to a buggy upgrade to the protocol that went live last week.

The bug resulted in $85 million of COMP being mistakenly offered to users as rewards after an upgrade went awry. The error was quickly identified, but Compound has a built-in delay in enacting governance measures, meaning the bug won’t be fixed until October 7.

The firm’s founder Robert Leshner tweeted that 202,472 COMP worth over $65 million were at risk after a function that makes tokens available in Compound’s Reservoir available to users was called for the first time.

SushiSwap developer Mudit Gupta criticized the use of time-locks for governance on social media, saying roughly 100 people were aware of the threat since the bug was discovered but were unable to act due to the built-in time delay.

Grayscale Adds Solana and Uniswap to Digital Large Cap Fund

Cryptocurrency asset manager Grayscale has added Solana (SOL) and Uniswap (UNI) to its large-cap cryptocurrency fund. The company, a subsidiary of the Digital Currency Group, manages $494 million in its Digital Large Cap Fund.

In a statement calling the move a quarterly rebalancing, the firm noted that it is the first time Solana is being included in a Grayscale investment vehicle. Solana is now the fourth-largest holding of the fund, which is dominated by bitcoin.

The fund also added the native token of leading decentralized exchange Uniswap. In total, Grayscale has over $41 billion in assets under management across all of its investment products.

Chart of the Week: Bitcoin Hashrate Steadily Rising

Bitcoin’s hashrate, the total combined computation power being used to mine and secure the network, has been steadily rising since it hit a low in July seemingly related to its falling price. In April, when bitcoin surpassed $60,000 for the first time ever, its hashrate hit 160.93 EH/s.

By the beginning of July, its hashrate had dropped to 89.52 EH/s, meaning it was down by 45% at one point. Its latest recorded hashrate is estimated to be 140.36 EH/s. The hashrate drop in July was so significant that the maximum average block time then was of 23 minutes, while now it’s at 8.4 minutes.

On average, a Bitcoin block should be found every 10 minutes according to the network’s rules. When the hashrate moves significantly in either direction, mining difficulty is automatically adjusted to ensure blocks are found at a steady pace.

Check out more CryptoCompare research in the link below.

Grab Up to 600 BIT on Bybit — And Be Part of BitDAO

Fancy being a part of one of the world's largest decentralized autonomous organizations, BitDAO? Here's your chance. 

Bybit is giving away up to 600 BIT per user! As a token holder, you can make critical decisions relating to BitDAO to help shape the future of DeFi.

To get BIT, you'll need to:

1. Set up an account on Bybit, if you don't already have one.
2. Trade for at least three (3) days. 
3. Meet the minimum all-time trading volume in Spot and Derivatives combined.

And here’s a tip: Your Spot trading volume will count for much, much more. 

Only from 00:00AM UTC on Sept. 29, 2021 to 00:00AM UTC on Oct. 16, 2021. 

Terms and conditions apply. Learn more about this exclusive offer on Bybit today.

Press Release

State of the Crypto by Top Tier Exchange Volume

Build your project with CoinDesk Data

Terms | Privacy

13 Charles II St, SW1Y 4QU

London, UK

This email may include advertisements by third parties. None of the advertised or promoted products and services have been verified or approved by us and this email is not any endorsement by us of the third party or of their products or services.