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Crypto Evening Briefing: Ethereum MEV Bot Gets Attacked for $20M

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Ethereum MEV Bot Gets Attacked for $20M as Validator Strikes Back

A major Ethereum MEV (maximal extractable value) bot has been targeted in an attack, resulting in the loss of almost $20 million. The attack took place within one Ethereum block, with a validator forcing a series of transactions to steal funds the bot had planned to gain by front-running.

Japan Regulator Steps Up Crypto Regulation With Warnings to Bybit, Other Exchanges

Cryptocurrency exchange Bybit has been ordered to comply with Japan’s regulatory requirements and cease offering services to Japanese residents, after Japan’s Financial Services Agency (FSA) issued a warning to the company over its registration process.

Bloomberg Reveals AI for Financial Data, Community Responds

Bloomberg has unveiled BloombergGPT, an AI model designed to perform various natural language processing (NLP) tasks after training with a large set of financial data. The AI has been created to open new ways to use the data available within the company's terminal.

S.Korea to Expand Probe on Token Listing Bribes If It Sees ‘More Evidence’

South Korean prosecutors are investigating local cryptocurrency exchanges for taking bribes to list certain tokens. The Seoul Southern District Prosecutors' Office will expand the probe to other exchanges if more evidence is found. 

Nomura-Backed Komainu to Offer Segregated Crypto Collateral Product for Institutions

Komainu, the cryptocurrency custody joint venture between Nomura, Ledger, and CoinShares, is offering institutional clients a regulated and segregated collateral management product called Komainu Connect. The offering allows clients to deploy their digital assets in collateralization scenarios while remaining in segregated custody and verifiable on chain.

Market Watch

As of press time, according to Cointime data:

BTC 's live price is $28,153.89 USD, dropped by 0.52% in the last 24 hours;

ETH’s live price is $1,804.64 USD, dropped by 0.58% in the last 24 hours;

BNB’s live price is $312.75 USD, dropped by 0.50% in the last 24 hours;

XRP's live price is $0.5139 USD, dropped by 1.17% in the last 24 hours.

Fundraising News

Acre Raises £6.5M in Late Seed Funding

Acre, a London, UK-based provider of a platform for mortgage intermediaries, raised £6.5M in late seed funding. The McPike Global Family Office (MGFO) joined returning investors Aviva and Founders Factory.

SwissBorg Raises More Than CHF20 Million

Crypto investment platform, SwissBorg, has accumulated more than CHF 20 million from more than 16,000 investors in its Series A fundraise. SwissBorg is a major European player in crypto, having acquired over a million app users and over 150m in revenues since launching their crypto investment app in 2021.

KuCoin Wallet Rebrands to Halo Wallet and Raises Fresh Funding

The KuCoin Wallet team has been officially spun off from the KuCoin Group, and will now run Halo Wallet in an independent manner. Halo Wallet has received its first round of financing from KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners around the world.

Re7 Capital, Republic Crypto Go Live With $100 Million Fund for Liquid Tokens

Re7 Capital and Republic Crypto have launched a $100m fund, named RxR Opportunities Fund, for investing in hand-picked crypto tokens with medium-sized market caps.

GMO Financial Holdings Buys 10% of Crypto Hedge Fund AWR Capital for Undisclosed Amount

GMO Financial Holdings has purchased a 10% stake in London-based multistrategy crypto hedge fund AWR Capital. The price paid for the stake was not disclosed. As part of the deal, AWR will become a market maker at one of Japan's largest FX and digital assets exchanges, GMO Coin, a subsidiary of GMO Financial Holdings. 

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