The Cronos community has released a governance proposal to use all revenue generated from Ult and Cronos Launch to purchase CROs in the market and destroy them on a monthly basis, and to execute and publish transaction hash values on the chain on a monthly basis. The operational, infrastructure, and growth costs are covered by existing funds, and strategic reserves are used to support Cronos POS staking rewards. The staking rewards are distributed according to the current Cronos POS parameters, and are supplemented by reserves when the issuance volume decreases. The voting period for this proposal is until October 3rd.

SlowMist has issued a warning stating that versions 1.1-1.2 of the FomoPeek App have been implanted with malicious code. The app integrates an iOS kernel attack framework and can break through the sandbox isolation mechanism to read the system keychain, posing a risk of user private keys, mnemonics, and login credentials being leaked.

[China Asset Management (Hong Kong) and Standard Chartered Bank Complete HKDAP Digital Asset Investment Use Case Test] China Asset Management (Hong Kong), together with Standard Chartered Bank, has completed Hong Kong's first use case test for investing in digital assets using the HKDAP Hong Kong dollar stablecoin. HKDAP is a Hong Kong dollar stablecoin initiated by Standard Chartered Bank (Hong Kong) and issued by licensed stablecoin issuer RD Technologies. (Source: Sing Tao Daily)

[Whale Associated with ((BIT.com)) Deposits 1,000 BTC to Binance] A whale address associated with ((BIT.com)) has deposited 1,000 BTC to Binance, valued at approximately $81.06 million.

A wallet suspected to be related to BIT.com (Matrixport) has deposited 1000 BTC worth $81.06 million into Binance.