"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest crypto stories of the day, including an update on Ethereum founder Vitalik Buterin's X account getting hacked.
Stirs up some confusion and vital butter's account is hacked. You're watching Coindesk Daily, I'm your host, Jen Senai. Let's take a look at the markets. Starting with Bitcoin, the largest Cryptocurrency by market cap is falling sharply trading well, under $25,100 all coins are in the red to start this week with Ripple's Xrp token falling roughly 5% in the last 24 hours. This comes as the Securities and Exchange Commission has further argued the need for a mid case appeal over the finer points of law in its legal dispute with ripple. There's some fresh confusion regarding the status of Coinbase operations in India after the exchange sent emails to some users asking them to withdraw funds by September 25th. Coinbase clarified it stopped allowing new user sign ups on the exchange product in India months ago. But other offerings like the coin base wallet continue to be available as a service for Indian customers. Its tech hub also remains active. A new CEO is set to take Celsius reins. According to Friday court filings, Steve Coy knows former CEO of al is set to become the CEO of the company that will take over the bankrupt crypto lenders operations executives from we work Lehman brothers and us. Bitcoin will serve on the board of Celsius 2.0. Along with members from Celsius's creditor committee, the firm filed for bankruptcy in July last year and the hack of Ethereum, co founder of Italic Bitters account lead to $691,000 worth of assets stolen after posting a malicious fishing link on the social media platform, hackers gained access to people's wallets, Blockchain analyst, Zach XB said 73% of the value was stolen in the form of NFTS. The post containing the malicious link has since been deleted. That's a wrap for Coindesk daily. Get more updates on coindesk dot com and we'll see you next time.