Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Binance burns $1.8M in LUNC trading fees</h2>Binance has completed the first burn of Terra Classic (LUNC) trading fees.The exchange had burned roughly $1.8 million worth of LUNC trading fees for LUNC/BUSD and LUNC/USDT spot and margin trading pairs.Many in the Terra community had proposed the burn strategy in September as part of efforts to revive LUNC.Source: <a href="https://cointelegraph.com/news/binance-burns-1-8m-in-lunc-trading-fees-following-community-proposal" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-1">#2. Court rules CFTC legally served Ooki DAO papers</h2>A U.S. federal court has ruled that the CFTC appropriately served Ooki DAO papers through a website help bot and forum post.This ruling came the day a group of crypto lawyers and developers filed to join the CFTC&#39;s case against Ooki DAO, claiming the regulator&#39;s efforts to hold the DAO&#39;s members individually liable is denying them the ability to respond.The DAO has to respond by October 13 or the CFTC could win a default judgement.Source: <a href="https://www.coindesk.com/policy/2022/10/03/court-rules-cftc-legally-served-ooki-dao-through-help-bot/" rel="noopener noreferrer nofollow">CoinDesk</a><h2 id="header-2">#3. Tether commercial paper exposure now under $50M</h2>Stablecoin issuer Tether now has less than $50 million worth of commercial paper units as of September 30, 2022.Its United States Treasury bills increased to 58.1% of its total portfolio, up 25.1% from its June 30 figure of 43.5%.In June, Tether said it was aiming to decrease commercial paper backing of USDT to “zero” and increase the stability of its ecosystem and stablecoin.Source: <a href="https://cointelegraph.com/news/tether-commercial-paper-exposure-now-under-50m-says-cto" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-3">#4. Moonbirds DAO will launch in 2023</h2>Ethereum NFT project Moonbirds will launch Moonbirds DAO in early 2023.Proof, the startup behind Moonbirds, will seed the DAO with approximately $3.1 million worth of assets. It will also gift the DAO seven of its own Moonbirds NFTs. 35% of the ongoing creator royalties from both Moonbirds and its spinoff Oddities collection will go to the DAO.In August, Proof had announced plans to release its own utility token in Q1 2023.Source: <a href="https://decrypt.co/111147/moonbirds-dao-2-6m-thereum-nfts-kevin-rose-proof" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-4">#5. SEC fines Kim Kardashian for crypto endorsement</h2>Reality TV star Kim Kardashian has paid $1.26 million to the U.S. SEC.The SEC had filed charges against her for not disclosing the $250k payment she received for posting promotional content on Instagram about an EthereumMax token.Kardashian also agreed not to promote any cryptocurrencies for three years.Source: <a href="https://www.coindesk.com/business/2022/10/03/us-sec-charges-kim-kardashian-for-promoting-ethereummax/" 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: Binance burns $1.8M in LUNC trading fees, Moonbirds DAO and token to launch in 2023

Table of Contents

APX

Other articles published on Oct 4, 2022

Big Time Account Registration Through nft.bigtime.gg — A Guide

Play-2-Earn Games As Future Of Cybersport

Borrowing USDC with SAND: A Guide

Beeple warns his Discord server members about wallet drainer exploit

Japan’s government investment to include NFTs & metaverse for digital transformation, says Prime ...

‘I Don’t Understand the Politicizing of a Technology,’ says TIME President

Join our free newsletter for daily crypto updates!