Web3 Diaries-US Govt Shutdown To Delay Crypto Bill
Cryptocurrencies are staring at uncertain times in the immediate futures as the United States government prepares for a shutdown in the next 7 days.
US House Speaker Kevin McCarthy is facing increasing political pressure from members of his own party on how to handle spending plans.
The decision could adversely affect how lawmakers move forward with crypto bills awaiting a vote.
Crypto industry’s most urgent needs from the federal government include answers from the U.S. Securities and Exchange Commission (SEC) on exchange-traded fund (ETF) applications, progress in several key court cases and the next hurdles in crypto legislation. It’s unlikely any of those will be entirely derailed.
Crypto Exchange HTX Lost $8 mn Of Ether Due To A Hack, Justin Sun Says
According to HTX advisor and Tron creator Justin Sun, HTX, previously Huobi, was hacked with a total loss of 500 ether (ETH) valued at almost $8 million.
On Sunday, the occurrence happened and was quickly recognized. The funds are secure and HTX has completely compensated the losses. Sun posted on the social networking site X.
According to Arkham data, the compromised wallet looks to be one of HTX’s hot wallets because it has received almost $500 million in deposits from Binance since its founding in March.
Celsius Creditors Vote In Favor Of Reorganization Plan
The Celsius bankruptcy case’s creditors have approved a proposal that would see money restored to them and distribute shares through a new firm.
The majority of the classes voted in favor of the proposal by more than 98%, according to a filing made on September 25 by the bankruptcy company Stretto.
Although the proposal has received nearly overwhelming support from voters, it still has to be confirmed at a hearing planned for October 2 in the Southern District of New York of the United States Bankruptcy Court.
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