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September 13th - SpaceX (SPCX.O)s weighting in the Nasdaq 100 index is expected to increase later this month, a move that could trigger billions of dollars in buying from passive funds tracking the benchmark index. According to simulated data released Friday evening by Nasdaq Global Index Monitor, SpaceXs weighting in the Nasdaq 100 is projected to rise from approximately 1.28% currently to approximately 2.82%. The final weighting will be determined later this month. Wall Street expects this adjustment to prompt index funds and ETFs tracking the benchmark index to add billions of dollars in purchases of SpaceX stock.September 13 - According to Al Jazeera on the 12th, Iranian Foreign Ministry spokesman Bagaei said that Iran and Oman are expected to brief Gulf states on the results of their consultations on navigation in the Strait of Hormuz at a regional meeting to be held on the 14th.According to Iranian state media, two explosions were heard on Qeshm Island, the sound originating from the sea.On September 13th, Anthropic CEO Dario Amodei published a lengthy blog post on Saturday, stating that the company will implement new security measures, such as introducing third-party evaluation agencies, while calling on the entire industry to support broader measures to slow down the development of AI models. OpenAI CEO Altman quickly indicated that he would adopt Amodeis suggestion to "grant independent evaluation agencies access similar to that of employees." Elon Musk, who runs xAI, also stated, "Dalio is right." Although these three leaders have warned of the risks of artificial intelligence for years, there is virtually no precedent for a truly coordinated slowdown in development in this highly competitive industry. Companies have long been launching new products to increase user engagement, gain market share, and drive sales growth. It remains unclear to what extent these leading AI companies will implement new restrictions or security checks.According to Saudi media Alhadath, sources say the Iraqi government has decided to keep the Sharamjah and Shib border crossings open until travelers leave the country.

DEX dYdX Blocks Tornado Cash Affiliated Accounts Citing US Sanctions

Jimmy Khan

Aug 12, 2022 14:47

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This week, the Office of Foreign Asset Control (OFAC) and the US Treasury imposed an outright ban on Ethereum, putting the decentralized non-custodial privacy solution therein in serious jeopardy.


The government not only forbade its residents from utilizing the services, but it also established similar guidelines for cryptocurrency firms, telling them not to collaborate with the platform. Since that time, dYdX has been the first decentralized exchange to take action in its direction.

After a tornado, dYdX

The DEX gave its clients an explanation of the cause of the Tornado Outage on the platform in a blog post published yesterday.


As the $625 million Axie Infinity Ronin Bridge assault, where Tornado was utilized as a way to transport the stolen cash around, is one of the most well-known hacks in the history of cryptocurrency, the OFAC banned Tornado Cash.


Beyond this, however, Tornado's privacy regulations made it a go-to for thieves. Thus, the OFAC declared it obligatory to avoid Tornado Crash in order to eliminate the likelihood that the same would be sponsored from inside the nation.


As a result, a sizable number of customers saw that dYdX had disabled their accounts because of their connection to Tornado Cash, according to what the DEX had to say.


"This sudden influx of flags affected many account holders who have never directly interacted with Tornado Cash, and frequently such users do not realize the origin of the funds transferred to them during various transactions prior to interfacing with our platform, but we must nonetheless maintain certain restrictions," said Tornado Cash.

A terrifying storm with a tornado

Things started to fall apart as the crypto facilitator platform dealt with OFAC prohibitions, and in only three days, the network's native token, TORN, reached new lows.


Trading for TORN was spotted at $16.3, down from $30 less than a week ago, a drop of more than 45%.


Investor losses as a result of this abrupt blacklisting are unprecedented since the platform has been permanently blacklisted, making it unable to recoup from the price collapse of 45%.


And now that both DeFi and non-DeFi crypto exchanges are acting in this way, things are only going to grow worse for TORN moving ahead.

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