Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Crypto Robbery at Gunpoint: Nick Drakon, CEO of Revelo Intel, resigned after a traumatic armed robbery where he and his family were held at gunpoint, forcing him to transfer both personal and company funds.

2. Friend.tech Token Plummets: Friend.tech, a decentralized social media platform, saw its native token FRIEND drop by 26% following a controversial transfer of smart contract control to Ethereum’s null address, preventing future changes.

3. Catizen Impressive Milestone: The tap-to-earn game Catizen, developed by PLUTO Studio, has reached 800,000 paying users in just six months, with a total of 34 million users.

4. 💡Feature of the Day - First Mars Missions in Two Years: Elon Musk announced that SpaceX aims to launch its first uncrewed missions to Mars by 2026, with crewed missions potentially following within 4-6 years.

   
   All this and more in today’s headlines!

📰 News Highlights:

Crypto Robbery at Gunpoint [Source][Source]

Nick Drakon, CEO of crypto research and education platform Revelo Intel, resigned following a traumatic armed robbery. Drakon revealed in a September 5 post on X that he was held at gunpoint and forced to transfer both personal and company funds.

The attackers, a “highly sophisticated group,” specifically targeted crypto assets and knew the exact deposit addresses of Revelo Intel's businesses. Drakon’s wife and eight-month-old son were also threatened during the heist.

The stolen assets included not only Drakon’s personal funds but also working capital from Revelo Intel and Revelo Ventures, the company’s investment arm.

Drakon suggested that the robbery might have been an inside job but refrained from sharing further details to avoid jeopardizing the investigation or putting his family at risk. Former Chief Operating Officer Vu Benson will now step in as the new CEO of Revelo Intel.

Friend.tech Token Plummets [Source][Source][Source]

Friend.tech, the social media platform built on crypto, saw its native token FRIEND plunge by 26% following a significant shift in control over its smart contracts.

On September 8, the Friend.tech team transferred ownership of its contracts to Ethereum’s null address, an irreversible action intended to prevent future changes to fees or functionality.

The platform has seen its total value locked (TVL) drop from a peak of $52 million to under $3.5 million, with daily trading volumes and fees falling drastically.

Catizen Impressive Milestone [Source][Source][Source][Source]

Catizen, a tap-to-earn game on Telegram, has reached an impressive milestone of 800,000 paying users within just six months of its launch.

The platform, developed by PLUTO Studio, has also attracted a total of 34 million users, solidifying its position as the highest-earning app on Telegram.

The game’s average revenue per paying user stands at $33, showcasing its popularity and strong monetization model.

Catizen’s rapid growth has caught the attention of investors, including HashKey and Binance Labs, while its publisher recently secured an undisclosed investment from The Open Platform, a major developer group on the TON network.

HashKey has also partnered with Catizen, offering regulatory guidance and technical support as the game expands its blockchain infrastructure.

💡 Feature of the Day: 

First Mars Missions in Two Years [Source][Source][Source]

SpaceX CEO Elon Musk has set an ambitious goal to begin launching Starship spacecraft to Mars within the next two years.

According to Musk, the first voyages, planned for 2026, will be uncrewed, with the goal of testing landing capabilities and ensuring safety for future manned missions.

Crewed trips are expected to begin within four to six years, depending on technological and economic developments.

Musk’s ultimate vision is to establish a self-sustaining human city on Mars within the next few decades. He emphasized that reducing the cost of sending payloads to Mars is critical, aiming to bring it down from $1 billion per ton to $100,000 per ton.

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😂 Crypto Meme of the Day: 

And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com