The U.S. Securities and Exchange Commission’s former head of internet enforcement has warned that “crypto regulatory onslaught will never end.”
https://news.bitcoin.com/former-sec-official-warns-crypto-regulatory-onslaught-will-never-end/
Uniswap founder Hayden Adams fired employee @AzFlin over a scam.
The employee created 14 WETH (~$25.8K) FRENS memcoin on the Base network.
https://twitter.com/haydenzadams/status/1690395983773880321
DeFi protocol Affine has raised $7 million from Coinbase Ventures, Circle Ventures, Jump and others.
https://twitter.com/affinedefi/status/1690001300010815488
EigenLayer will raise the cap for LST restaking on Aug 22 at 14:00 UTC.
A global pause will take place if any one LST hits approximately 100k ETH restaked.
https://twitter.com/eigenlayer/status/1690115435923214340
Ripple has been communicating with the Reserve Bank of New Zealand for building CBDC’s utilizing the XRPL.
https://twitter.com/edward_farina/status/1690014550572060672
A federal judge has reportedly revoked former FTX CEO Sam Bankman-Fried’s bail following the release of information to New York Times reporters in an alleged attempt to intimidate witnesses.
Sam Bankman-Fried will be taken into custody.
https://cointelegraph.com/news/judge-orders-sam-bankman-fried-bail-revoked-following-allegations-witness-intimidation
Cathie Wood's Ark 21Shares Bitcoin ETF application decision pushed out by SEC.
The SEC has a total of 240 days to make a final decision on an application after it starts reviewing one.
Cathie Wood, Ark Invest's CEO, expected a delay in a decision on her firm's application, but that the SEC will ultimately approve several applications simultaneously.
https://www.coindesk.com/policy/2023/08/11/ark-21shares-bitcoin-etf-application-decision-pushed-by-sec/
💧Current state of the market in our weekly overview
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PancakeSwap is expanding to Arbitrum One.
https://twitter.com/pancakeswap/status/1689622625247756290
Sei Foundation: “Mainnet includes the Sei Airdrop and Incentivized testnet rewards.”
The details of the airdrop are unknown. Binance will list SEI on August 15.
https://twitter.com/sei_fnd/status/1689722756521205760
The guy who transferred 2,500 ETH ($4.58M) to a dead address on July 26th is a whale with 34,287 GMX ($1.84M) and 311,003 GNS ($1.43M).
He spent 5,330 DAI to buy GMX and GNS on July 29 and also transferred 34.9 GMX ($1,989) and 600 GNX ($2,733) to the dead address.
https://twitter.com/lookonchain/status/1688474075054886912
SoFi Bank, a San Francisco-based full on bank with 6.2 million customers holds $170 million in crypto.
https://www.trustnodes.com/2023/08/09/a-us-bank-holds-170-million-in-crypto
DEX Clipper announced the SAIL airdrop at the end of August.
The airdrop will be given to users who actively participated in the life of the project.
https://blog.clipper.exchange/wen-is-now-decentralized-governance-is-coming-to-the-clipper-community/
Justin Sun exchange 90254 wstETH for 77.8M DAI, deposit into Maker to earn 8% APY; DAI DSR deposit now over $1B.
https://twitter.com/coingraphnews/status/1689509027187707905
CRV token inflation fell by 15.9% today and daily issuance dropped from 532,000 to 448,000 tokens.
https://docs.google.com/spreadsheets/d/1TfipC0nB60sYuU3SonroEs049RnzLElRa5jS8ZN5dqc/edit
Galxe has announced its integration with LayerZero, an omnichain interoperability protocol.
Gravita, unshETH, Lybra Finance will be celebrating this integration by running campaigns on Galxe.
https://x.com/galxe/status/1690218242923806720
PIP will evolve into Peer Protocol, Ethereum L2 network, powered by OP Stack.
https://twitter.com/getpipcom/status/1689926210363756544
Celsius is shutting down its app within 90 days.
The company plans to provide creditors with significant recoveries in Bitcoin.
The projected distribution amount is approximately $2.03 billion.
https://coinedition.com/celsius-app-to-shut-down-firm-identifies-paypal-for-btc-distribution/
Paradigm, a16z file brief supporting Coinbase in battle with SEC.
“The SEC’s regulatory overreach, coupled with the unpredictability and arbitrariness of its actions, threatens the development of blockchain technology in the United States,” the firms said in their brief.
https://www.theblock.co/post/244562/paradigm-a16z-file-brief-supporting-coinbase-in-battle-with-sec
DeBank has launched DeBank Chain testnet built on OP Stack.
It's planned to roll out the Mainnet in 2024.
https://twitter.com/debankdefi/status/1689963919614611457
Huobi has done another merkle-tree proof-of-reserves.
According to this data, the reserve ratio of current assets exceeds 100%.
https://www.huobi.com/en-us/finance/merkle/
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.18T. Bitcoin is trading at $29.4K
dropstab | icodrops | twitter | telegram
Bittrex settled with the Securities and Exchange Commission for $24 million after the agency charged it in April for operating as an unregistered exchange.
The exchange did not admit or deny allegations, according to a court document filed on Thursday.
https://www.theblock.co/post/244309/bittrex-settles-with-the-sec-for-24-million
Binance Labs has committed 10 million USD to Helio Protocol.
Helio Protocol combines over-collateralized, decentralized stablecoin lending and borrowing on BNB Chain with multi-chain StaaS and LSDfi services through its Synclub offerings.
https://www.binance.com/en/blog/ecosystem/binance-labs-commits-$10-million-to-helio-protocol-to-advance-the-lsdfi-revolution-3457570284541750043
Coinbase Ventures recently made a strategic investment into Rocket Pool by purchasing RPL tokens from the Rocket Pool team.
The RPL price has increased by 8%.
https://twitter.com/cbventures/status/1689639108837249024
Binance Labs invests $5M in Curve DAO token (CRV) and supports Curve deployment to BNB Chain.
The CRV price has increased by 6%.
https://www.binance.com/en/blog/ecosystem/binance-labs-invests-$5m-in-curve-dao-token-crv-and-supports-curve-deployment-to-bnb-chain-4372009526169554266
Tether is about to launch a mobile app based on USDT and XAUT payments with support for the BTC Lightning Network.
https://twitter.com/paoloardoino/status/1689379710562652160
According to Nansen's research, early whales invested in Base are also linked to meme coins, trading Telegram bots and onchain casino tokens.
https://research.nansen.ai/articles/what-are-early-base-whales-doing-on-chain
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.18T. Bitcoin is trading at $29.5K
dropstab | icodrops | twitter | telegram