JPMorgan Chase Lowers BTC Mining Cost Forecast, FBI Links Stake Hackers to Lazarus, Grab Supports Web3 Wallet

Summary of Key News from the Evening of 9/7 to the Early Morning of 9/8

JPMorgan Lowers Bitcoin Cost Estimate

According to The Block, JPMorgan has revised its estimate of Bitcoin production costs after the recent update to the "Cambridge Bitcoin Electricity Consumption Index." Under the old method, the cost was $21,000, but the new method has reduced it to $18,000. As of the deadline, Bitcoin is priced at $25,900, leaving more room for downward movement compared to the cost calculated by the new method.

FBI Attributes Stake.com Incident to North Korean Hackers Lazarus Group

The Federal Bureau of Investigation (FBI) has identified the Lazarus Group as responsible for the theft of $41 million from Stake.com. Background: Online gambling platform Stake hacked for $41.35 million? Stake officials decline to comment on the hacking incident.

Southeast Asia's Uber Equivalent: Grab Supports Web3 Wallets

According to Wu, Southeast Asia's equivalent of Uber, Grab, has integrated Web3 wallets to provide wallet and NFT functionalities through Polygon.

Breaking: Southeast Asia’s largest Uber-like app Grab adds Web3 crypto wallet. Grab has 180 million users. Currently, the Singapore region shows that it can be used. It currently shows that the Polygon wallet is supported, and there are guidance content for wallets and NFTs.… pic.twitter.com/dZ2NAxMrD9

— Wu Blockchain (@WuBlockchain) September 7, 2023