Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. ETH funds see continued outflows</h2>Investment products tied to ETH saw a fourth straight week of outflows. Amount removed exceeded new money added by $15.4 million, according to CoinShares.ETH’s price has fallen significantly to $1,300 since the Merge even though the upgrade went smoothly.“Large liquidations of leveraged long positions across derivatives markets exacerbated the drop in spot prices,” according to a report from crypto data firm Kaiko.Source: <a href="https://www.coindesk.com/markets/2022/09/19/crypto-investors-yanked-money-from-eth-products-despite-a-smooth-ethereum-merge/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-1">#2. Vitalik shares vision for L3 protocols</h2>Ethereum co-founder Vitalik Buterin believes layer 3s will provide “customized functionality.”He said a third layer makes sense only if it provides a different function to layer 2s, which have been used mainly to enhance scaling.“Customized functionality” refers to privacy-based applications which would utilize zk proofs to submit privacy-preserving transactions to layer 2.Source: <a href="https://cointelegraph.com/news/ethereum-co-founder-vitalik-buterin-shares-vision-for-layer-3-protocols" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. U.K. financial regulator warns users about FTX</h2>The Financial Conduct Authority (FCA) has posted a caution warning investors about using FTX.It noted that the exchange is not registered to offer financial services in the U.K.The FCA oversees financial companies in the U.K. and requires crypto-related companies to register and comply with AML regulations, including implementing KYC.Source: <a href="https://cryptobriefing.com/uk-financial-regulator-fca-warns-against-using-ftx/" rel="noopener noreferrer nofollow">Crypto Briefing</a><h2 id="header-3">#4. GMX suffers $565K ‘exploit’</h2>The GMX DEX has suffered a price manipulation exploit. The exploiter got away with $565k from the AVAX/USD market.The exploiter had capitalized on GMX’s “minimal spread” and “zero price impact” features, impacting GLP tokenholders who provided liquidity in the form of AVAX.Head of derivatives at Genesis Trading Joshua Lim stated that the exploiter “open(ed) large positions at 0 slippage” before transferring the AVAX/USD to CEXes at a slightly higher price for 5 times.Source: <a href="https://cointelegraph.com/news/decentralized-exchange-gmx-suffers-565k-price-manipulation-exploit" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-4">#5. South Korea requests Interpol 'Red Notice' for Do Kwon</h2>Authorities in South Korea have reportedly asked Interpol to issue a "red notice" for Do Kwon, as his current location after Singapore is unknown.Originally believed to be in Singapore, the Singapore Police Force clarified that Kwon was no longer in the city-state.Kwon had tweeted that he is not on the run and is in “full cooperation” with authorities and has “nothing to hide.”Source: <a href="https://www.coindesk.com/business/2022/09/19/s-korean-authorities-ask-interpol-to-issue-red-notice-for-terra-co-founder-do-kwon-report/" rel="noopener noreferrer nofollow">CoinDesk</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/newscryptowndl" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a> | <a href="https://coinmarketcap.com/community/profile/ApolloX" rel="noopener noreferrer nofollow">CMC</a>

Crypto News of the Day: Vitalik talks about Layer-3 protocols, Interpol ‘Red Notice’ for Do Kwon

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