Synapse Protocol Reports Potential Rugpull, IQ.wiki Partners With InvestHK, World Has 88,200 Crypto Millionaires

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By BitcoinWiki News

Key Takeaways:

– Synapse, a DeFi cross-chain bridge, experienced a price drop due to an unknown liquidity provider dumping SYN tokens and removing liquidity. The provider is suspected to be Nima Capital, the project’s long-term partner, and users suspect a rug pull.
– IQ.wiki, a blockchain encyclopedia and knowledge-sharing platform, is partnering with InvestHK to enhance accessibility and understanding of crypto knowledge. This collaboration allows IQ.wiki to have access to the latest blockchain news and trends in Hong Kong.
– According to the Crypto Wealth Report by Henley & Partners, there are 88,200 crypto millionaires worldwide, with around 40,500 of them holding their fortunes in Bitcoin (BTC). There are also 425 million individuals globally who own cryptocurrencies.
– Wirex, a crypto payments platform, is using the Polygon CDK (Chain Development Kit) to build its payments-focused App Chain (W-Pay), which will be interoperable with other Polygon chains and have access to Ethereum’s liquidity.
– Cronos Labs, a blockchain startup accelerator, will launch its third cohort for the Cronos Accelerator Program, with mentors including Google Cloud, Amazon Web Services, CertiK, and PeckShield. The program aims to support eight early-stage crypto projects with mentorship and funding opportunities.
– CleanSpark, a company in the mining industry, reported mining BTC 659 in August and sold BTC 43 at an average price of approximately $28,200 per coin, resulting in proceeds of around $1.2 million. The average daily BTC mined was 21.26, reaching a high of 22.11.


1. Security news: The DeFi cross-chain bridge Synapse experienced a significant drop in its token price due to an unknown liquidity provider dumping their SYN tokens and removing liquidity. The team is investigating the incident and suspect that Nima Capital, the project’s long-term partner, may be responsible.

2. Investment news: IQ.wiki, formerly Everipedia, has partnered with InvestHK to improve access and understanding of cryptocurrency knowledge globally. This collaboration allows IQ.wiki to utilize its AI-driven knowledge-sharing platform to provide efficient research and access to blockchain knowledge. The partnership aims to enhance Hong Kong’s blockchain environment.

3. Crypto millionaires: A report by Henley & Partners reveals that there are approximately 88,200 crypto millionaires worldwide, with almost half of them holding their wealth in Bitcoin. The report also states that there are 425 million individuals globally who own cryptocurrencies. Many of these crypto millionaires are seeking ways to protect their assets against potential bans on crypto trading or aggressive fiscal policies.

4. Payments news: Wirex, a crypto payments platform, is utilizing the Polygon CDK to build its payments-focused App Chain (W-Pay). The use of Polygon CDK enables Wirex to create an interoperable layer 2 chain for Ethereum, providing access to unified liquidity across all Polygon chains and Ethereum.

5. Blockchain news: Cronos Labs, a blockchain startup accelerator, is launching its third cohort for the Cronos Accelerator Program. This program aims to support early-stage crypto projects by providing mentorship and funding opportunities. Mentors for the program include Google Cloud, Amazon Web Services, CertiK, PeckShield, and others.

6. Mining news: CleanSpark, a bitcoin mining company, reported mining 659 BTC in August and sold 43 BTC at an average price of $28,200 per coin. The sales generated approximately $1.2 million in proceeds. The company averaged around 21.26 BTC mined per day, with a peak of 22.11 BTC.

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