<![CDATA[<figure class="image"><img src="https://cimg.co/news/124208/327937/adobestock-andrii-1.jpeg" srcset="https://cimg.co/news/124208/327937/responsive-images/adobestock-andrii-1___media_library_original_2418_1394.jpeg 2418w, https://cimg.co/news/124208/327937/responsive-images/adobestock-andrii-1___media_library_original_1200_692.jpeg 1200w, https://cimg.co/news/124208/327937/responsive-images/adobestock-andrii-1___media_library_original_900_519.jpeg 900w, https://cimg.co/news/124208/327937/responsive-images/adobestock-andrii-1___media_library_original_720_415.jpeg 720w, https://cimg.co/news/124208/327937/responsive-images/adobestock-andrii-1___media_library_original_600_346.jpeg 600w, https://cimg.co/news/124208/327937/responsive-images/adobestock-andrii-1___media_library_original_300_173.jpeg 300w" width="2418" class="content-img" alt=""><figcaption>Source: AdobeStock / Andrii</figcaption></figure><p><i>Get your daily, bite-sized digest of cryptoasset and blockchain-related news &ndash; investigating the stories flying under the radar of today&rsquo;s crypto news.</i><br>__________</p><h2 style="text-align:justify;" id="security-news">Security news</h2><ul><li>Decentralized finance (<a href="https://cryptonews.com/news/magnate-finance-website-goes-offline-as-users-fear-64-million-exit-scam.htm">DeFi</a>) cross-chain bridge <strong>Synapse</strong> said that an "unknown liquidity provider" dumped their SYN tokens and removed liquidity, causing the coin's price to plummet. "We're investigating unusual activity on their wallets and are working to get in touch with them," <a href="https://twitter.com/SynapseProtocol/status/1698865047324291412">said</a> the team. The liquidity provider is allegedly <strong>Nima Capital</strong>, the project's long-term partner, as it was found that it had dumped SYN 9 million and gone dark. Users <a href="https://twitter.com/WazzCrypto/status/1698832634020016618">suspect</a> a rug pull.&nbsp;</li></ul><h2 id="investment-news">Investment news</h2><ul><li><a href="https://cryptonews.com/tags/iqwiki/"><strong>IQ.wiki</strong></a> (formerly <strong>Everipedia</strong>), the popular <a href="https://cryptonews.com/tags/blockchain/">blockchain</a> encyclopedia and <a href="https://cryptonews.com/tags/ai/">AI</a>-driven knowledge-sharing platform, is partnering with <strong>InvestHK</strong>, the department of the <a href="https://cryptonews.com/news/okx-final-stage-obtain-hong-kong-vasp-license-as-retail-trading-market-grows.htm">Hong Kong</a> SAR Government responsible for Foreign Direct Investment, to enhance local and global accessibility, transparency, and understanding of crypto knowledge. The press release said that the collaboration gives IQ.wiki access to the latest news, trends, and case studies showcasing Hong Kong&rsquo;s burgeoning blockchain environment. "This enables efficient research through its leading product, <strong>IQ GPT</strong>, the AI search engine built for advanced access to blockchain knowledge, utilizing <strong>OpenAI</strong>&rsquo;s GPT-4, making it a one-stop shop for both local and international investors seeking industry resources," it said.</li><li>There are 88,200 crypto millionaires worldwide, with just under half (or 40,500) holding their fortunes in <a href="https://cryptonews.com/news/chain-data-short-term-bitcoin-holders-face-losses-amid-price-decline-heres-the-latest.htm">bitcoin (BTC)</a>, <a href="https://www.prnewswire.co.uk/news-releases/henley--partners-publishes-the-worlds-first-crypto-wealth-report-301915786.html">according</a> to a report published by international wealth and investment migration specialists <strong>Henley &amp; Partners</strong>. There are 425 million individuals globally who own cryptocurrencies, the Crypto Wealth Report found. CEO Juerg Steffe said that the firm saw "a significant spike in enquiries from crypto millionaires over the past six months looking to protect themselves against any potential future bans on the trading or use of cryptocurrencies in their own countries and mitigate the risks of aggressive fiscal policies that tax digital assets at source."</li></ul><h2 style="text-align:justify;" id="payments-news">Payments news</h2><ul><li>Crypto payments platform <a href="https://cryptonews.com/news/today-in-crypto-wirex-novatti-to-issue-cards-to-australians-280-networks-25bn-at-risk-due-to-a-vulnerability-chinas-surveillance-coins-vs-us-freedom-coins.htm"><strong>Wirex</strong></a> announced that it is using the <strong>Polygon CDK</strong> (Chain Development Kit) to build its payments-focused App Chain (W-Pay). <a href="https://www.prnewswire.co.uk/news-releases/wirex-chooses-polygon-cdk-to-build-its-upcoming-payment-focused-app-chain-301916930.html">Per</a> the press release, Wirex chose Polygon CDK, an open-source codebase for launching ZK-powered layer 2 (<a href="https://cryptonews.com/tags/layer-2/">L2</a>) chains for <a href="https://cryptonews.com/news/eth-warsaw-sparks-polands-rise-as-premier-eu-blockchain-hub.htm"><strong>Ethereum</strong></a>, to build its own payments-focused L2. All chains deployed using the codebase are interoperable, with automatic access to the unified liquidity of all <a href="https://cryptonews.com/tags/polygon/">Polygon</a> chains and one-click access to the entire liquidity of Ethereum, it added.</li></ul><h2 id="blockchain-news">Blockchain news</h2><ul><li>Blockchain startup accelerator <a href="https://cryptonews.com/tags/cronos/"><strong>Cronos Labs</strong></a> will <a href="https://twitter.com/CryptoEmery1/status/1698867587495637434">launch</a> its third cohort for the Cronos Accelerator Program, tapping <strong>Google Cloud</strong>, <strong>Amazon Web Services</strong>, <strong>CertiK</strong>, <strong>PeckShield</strong>, and others as mentors. <a href="https://finance.yahoo.com/news/cronos-labs-100-million-backed-095916832.html">Per</a> News Direct, the 12-week remote program is backed by $100 million of investment, and it aims to support eight early-stage crypto projects by providing them with mentorship and funding opportunities. The recruitment phase began with the start of Korea Blockchain Week on September 4.&nbsp;</li></ul><h2 id="mining-news">Mining news</h2><ul><li><a href="https://cryptonews.com/tags/cleanspark/"><strong>CleanSpark</strong></a> released its unaudited bitcoin <a href="https://cryptonews.com/news/cambridge-universitys-bitcoin-mining-index-gets-an-upgrade-for-precise-power-consumption-analysis-heres-latest.htm">mining</a> and operations update for August, reporting BTC 659 mined. The company sold BTC 43 last month at an average of approximately $28,200 per coin. Sales of the crypto equated to proceeds of approximately $1.2 million. August daily BTC mined averaged 21.26 and reached a high of 22.11, it <a href="https://www.prnewswire.com/news-releases/cleanspark-releases-august-2023-bitcoin-mining-update-301917232.html">said</a>.</li></ul>
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Today in Crypto: Synapse Protocol Reports Potential Rugpull, IQ.wiki Partners With InvestHK, World Has 88,200 Crypto Millionaires

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