Multichain Protocol in Crisis: CEO Missing, Services Suspended

Bitcoin NFTs on Ethereum, Binance Delisting Privacy Coins in Europe ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ Market Activity Total Market Cap $1.13T (-0.23%) 24 Hour Volume $32.27 (-6.93%) Notable Movers[(XDC) $0.03687]( (+12.51%) Notable Movers (DeFi)[(TRU) $0.04639]( (+16.60%) Bitcoin Dominance 46.06% [(-0.19%)]( Bitcoin Price[(BTC) $26,877.00 (-0.72%)]( Ethereum Price[(ETH) $1,861.12 (-0.20%)]( Cardano Price[(ADA) $0.3635 (-2.67%)]( Today’s Top Stories [Multichain Halts Some Services as CEO is AWOL]( Multichain, a cross-chain protocol, has suspended services for multiple chains due to the inability to contact its CEO, leading to speculation about the leadership's situation. Technical difficulties and unconfirmed rumors of arrests have raised concerns about the protocol's decentralization and prompted reactions from Binance and the Fantom Foundation. [U.S. Senator Warren Calls for Legislation on Crypto’s Role in Fentanyl Trade]( U.S. Senator Elizabeth Warren has called for legislation to combat the use of cryptocurrency in funding the fentanyl trade, citing research on Chinese businesses accepting cryptocurrency as payment. Warren aims to reintroduce her Digital Asset Anti-Money Laundering Act to address this issue and prevent crypto payments to the fentanyl trade. [Web3 Wallet Provider Magic Raises $52 Million from PayPal Ventures and Others]( San Francisco-based company Magic has secured $52 million in a funding round led by PayPal Ventures, valuing the firm at nearly $500 million. Magic offers a white label version of its crypto wallet, catering to corporate clients and aiming to simplify the onboarding process for Web3 while remaining noncustodial. [Bitcoin Miladys Introduces Standard for Converting Ethereum NFTs to Bitcoin Ordinals]( Bitcoin Miladys, in collaboration with Ordinals Market and Xverse, has introduced a new token standard that allows Ethereum-based ERC-721 NFTs to be converted to NFTs on the Bitcoin network, opening up new possibilities for traders. The growth of Bitcoin NFTs has been significant, with increased support from platforms like Binance NFT and Magic Eden. [Binance Delists Privacy-Focused Cryptocurrencies in Multiple European Countries]( Binance, one of the largest cryptocurrency exchanges, will be removing privacy tokens from its platform in France, Italy, Poland, and Spain due to local laws and regulations. This decision reflects the increasing scrutiny faced by cryptocurrencies designed to enhance user privacy in response to concerns about money laundering and terrorism financing. [Read The Full Newsletter]( 90% Off 1-month 3Commas Pro would be available on Diamond Store [Find Out More]( [Bitcoin Miami 2023 Interview: Samson Mow Talks Hyperbitcoinization]( Bitcoin Miami 2023 Interview: Samson Mow Talks Hyperbitcoinization CoinMarketCap sat down with Samson Mow, CEO of Pixelmatic and JAN3, to talk Bitcoin. [Read More]( [What Is Pulsechain? One of Crypto’s Most Controversial Projects]( What Is Pulsechain? One of Crypto’s Most Controversial Projects CoinMarketCap Alexandria dives into Pulsechain, one of the most controversial layer-1 blockchains that aims to improve the Ethereum ecosystem. [Read More]( Thanks for reading! Have a great day — more news tomorrow! [Facebook]( [Twitter]( [Instagram]( [Telegram]( Was this email forwarded to you? [Sign up here](. WANT MORE CRYPTO BITES? [Sign up here]( for Daily Newsletters, Promotions and Events and Prices [ADVERTISE]( | [CAREERS]( | [FAQ]( © 2023 CoinMarketCap [Unsubscribe]( [coinmarketcap.com]( CoinMarketCap OpCo LLC, 8 The Green, STE 6703, Dover, Delaware 19901, United States