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The court has granted Justin Sun additional time to respond to the SEC allegations, pushing the deadline to December 8. The SEC accuses Sun, along with Tron Foundation, Bittorrent Foundation, and Rainberry, of offering TRX and BTT tokens as unregistered securities, infringing upon U.S. legislation. Additionally, the SEC is leveling charges against Sun for manipulating the market value of TRX. 
However, it's not tied to quests... Layer 2 blockchain Optimism initiated its third wave of token distribution exclusively for OP delegators. To qualify for the rewards, participants needed to accumulate 18,000 points. The points were calculated by multiplying the number of delegated OP by the delegation days, which must exceed 7 days. If the delegate actively engaged in voting, a minimum of 9,000 points was required. There's no claiming process or forms to fill out! Tokens have been automatically sent straight to users' wallets. In total, over 19 million OP tokens have been distributed to 31,870 unique addresses. 
The Optimism Governance has announced a direct distribution of unclaimed tokens from the inaugural airdrop. They aim to distribute (if not already done) 48 million OP across over 88,000 distinct addresses. This accounts for about 25% of all the addresses originally qualified to receive tokens. This decision was made to allow the team to shift their focus to other endeavors related to smart contracts and upcoming airdrops. 
Facing a court decision that sided with the SEC's classification of LBRY Credits tokens as securities, the crypto startup LBRY is poised to appeal.
Taking a leaf out of Ripple's book, they're looking to challenge the $111,614 fine and the bar on issuing tokens. 
MetaMask Portfolio now lets users cash out crypto to fiat currencies like USD, EUR, and GBP. Users can quickly convert crypto to fiat, sending it directly to preferred destinations like bank accounts or PayPal.
Instead of relying on one provider, MetaMask aggregates multiple vetted providers, presenting real-time conversion options.
Currently, this feature supports ETH on Ethereum Mainnet in the US, UK, and parts of Europe. Expansion plans include more regions and layer 2 network gas tokens. 
After the announcement that MakerDAO intends to roll out a new version of its platform on Solana, Anatoly Yakovenko suggested this shouldn't be viewed as a challenge to Ethereum. In his perspective, MakerDAO's move accentuates the merits of open-source solutions rather than the superiority of one blockchain over another, especially given Ethereum's pivotal role in research for numerous developers. "Ethereum is awesome. Solana wasn’t built in a vacuum, and tons and tons of things that make Solana special were built based on Ethereum’s r&d," commented the Solana co-founder. Meanwhile, Ethereum co-founder Vitalik Buterin has sold all his MKR tokens for 353 ETH. 
FTX's portfolio liquidation is unlikely to shake the market significantly, as noted by Coinbase in their latest weekly report.
They cited multiple reasons supporting this claim.
1. Weekly Sell Limits: Initially, liquidations are capped at $50 million per week for digital assets. This limit will gradually increase to $100 million in subsequent weeks. Any permanent increase to a maximum limit of $200 million requires approval from two committees representing FTX debtors.
2. Insider-Affiliated Tokens: Stricter controls govern the sale of “insider-affiliated” tokens, necessitating a 10-day advance notice to the same committees.
3. Locked Holdings: A significant portion of FTX’s SOL holdings, along with some other tokens, are locked until approximately 2025 due to token vesting schedules, limiting their availability for sale.
4. Hedging Measures: FTX has the option to hedge its sales of BTC, ETH, and other debtor-identified assets through an investment advisor, contingent on prior committee approval. These precautions ensure a measured and controlled approach to asset liquidation. 
After launching its new token, NEXT, Connext experienced a Sybil attack during the airdrop phase.
A perpetrator managed to acquire $38,000 in tokens, which were earmarked for genuine users.
Notably, Connext is a protocol built for the secure transfer of both assets and data across different networks.
Interestingly, the project’s prior efforts to implement an anti-Sybil program proved to be ineffective in preventing the hacking attempt. Hackers managed to drain 6000 ETH, 3.9 million USDT, 1.1 million USDC, and 900,000 DAI from the company's address.
Tongue-in-cheek, one might say Drake was responsible for the audit.
UPD: Hacken has disclosed that an initial cyber theft of $20.69 million was executed on the Ethereum network, which was followed by subsequent heist amounting to $25.6 million across the BSC and Polygon networks.
The project's team has not yet commented on the breach.
The only information available is a Telegram channel update, indicating technical maintenance for the withdrawal of ETH, USDT, and ERC20 tokens. 
On August 30, Judge Katherine Polk Failla delivered a significant ruling on a case brought forth by Uniswap users who alleged they lost funds due to scam tokens on the platform. She stated that ETH and Bitcoin qualify as crypto commodities, a pivotal factor in her decision to close the Uniswap case.J udge was not persuaded by arguments suggesting Uniswap token sales were subject to the Exchange Act. Failla is also the judge overseeing the SEC’s case against Coinbase.