According to Lookonchain, ETH/BTC exchange rate bull James Fickel exchanged 11,584 ETH for 450 WBTC at 0.03881 today, worth about $27 million, and still has a debt of 1,308.8 WBTC (about $78.8 million) on Aave. It lost more than 21,000 ETH, worth about $49 million, due to long ETH/BTC. — link
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JPMorgan Chase CEO Jamie Dimon said that as the largest bank in the United States, JPMorgan Chase may be one of the biggest users of blockchain technology. However, Dimon said that blockchain is just a good way to share data and continue to maintain a skeptical attitude towards cryptocurrencies. — link
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JUST IN: JPMorgan Chase CEO Jamie Dimon says the FED will cut rates by 25-50 basis points tomorrow.
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NEW: 🇸🇻 El Salvador's bonds surged yesterday, becoming the best-performing among all emerging markets, following the president's announcement of a zero deficit during his financial independence speech 🎙
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FTX’s accounting firm Prager Metis to pay SEC $1.95M to settle negligence allegations — link | tl;dr
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ACCORDING TO ISRAELI CHANNEL 14; SENIOR ISRAELI MILITARY OFFICIALS ARE PREPARING FOR A 3RD HEZBOLLAH WAR WHICH IS EXPECTED TO BEGIN ALMOST IMMEDIATELY.
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Circle's USDC in Brazil and Mexico now available to businesses via banking system — link | tl;dr
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USDC now available in Brazil and Mexico through local banks via national real-time payment systems. - Circle
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🏦 Total fraud penalties for banks since 2000: $389,345,231,111❗️
But #Bitcoin is for criminals, right?
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LYN ALDEN: 🟠 Imagine making an iPhone, and then twenty thousand imitators make a buggy knock-off fake iPhone with a glued-on Apple symbol that doesn't work properly. That's "#Bitcoin vs crypto" 👏
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The U.S. SEC has reached a settlement with audit firm Prager Metis, which agreed to pay $1.95 million to resolve two charges involving misconduct in its audit of FTX, falsely misrepresenting FTX's financial condition, and failing to disclose the relationship between Alameda and FTX. — link
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Republicans urge SEC to clarify how it treats crypto airdrops in letter to Gensler — link | tl;dr
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BlackRock is preparing to launch a more than $30B AI investment fund with Microsoft to build data centres and energy projects to meet growing demands stemming from AI: FT
*This Fund would be one of the biggest investment vehicles ever raised on Wall Street.
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TON Foundation announces collaboration with Curve Finance to incubate a new stableswap project - 𝕏/@ton_blockchain
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CFTC Chair Benham says they are scrutinising offshore betting platforms with US users, vows to take action against any violators: BBG
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“Going forward, we will make all capital allocation decisions with the intention of maximizing our shareholders per-share bitcoin holdings.”
From Cathedra Bitcoin
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LayerZero Foundation is launching lzCatalyst, a program connecting builders with venture capital firms in crypto - x/@LayerZero_Core
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Circle announced that it now supports local bank transfers via PIX and SPEI, the national real-time payment systems in Brazil and Mexico. Eliminating international wires can drastically reduce the time it takes to access USDC and avoid the necessity of having to convert local fiat currency to USD before accessing USDC. — link
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Crypto VC fund Dragonfly seeking to raise a $500 million fund — link | archive
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Aave defies the $11B crypto summer slump, recently surpassing EigenLayer to become the second-biggest DeFi protocol, behind liquid staking giant Lido, with a 28% year-to-date surge. - DL News
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