Bitcoin Top Targeted, Exchange Heads Summoned, Ban Enforced, and 20 Crypto Jokes

This Week In Crypto: Bitcoin Remained Top Target For Institutional Investors, A Bitcoin Ordinal Launchpad Introduced A New BRC-69 Standard Promising 90% Cost Reduction, Ethereum Users Proposed ERC 7265 To Foil DeFi attacks, value locked in Solana’s liquid staking protocols increased by 91% in the first half of the year, Nasdaq reapplied to list a bitcoin ETF by BlackRock, several other major players also reapplied Submit your applications, and Bernstein said there is a strong possibility that the US SEC will approve a spot BTC. ETFs. Revolut said it would stop offering SOL, ADA and MATIC for US customers, while in Ireland, Harry Styles fans were introduced to blockchain rewards through a concert app. ApeCoin was going to zero when the Azuki drama sent NFT prices crashing, and Justin Bieber lost $1.2 million on his Bored Ape NFT.

Australia’s financial regulator then visited Binance’s offices as part of an ongoing investigation into the company’s defunct local derivatives business, Binance said it would halt deposits and withdrawals of various cross-chain bridge tokens associated with Multichain, lawmakers Brazilians summoned the heads of Binance, Bitso, and OKX to parliament, Coinbase wanted to modernize its direct deposit system using blockchain-based stablecoin settlements, Bitget launched a new crypto lending program to allow users to stake their coins in exchange on loan in another, OKX signed a sponsorship deal with Manchester City to become their ‘official manga partner’. Huobi quietly fixed a massive vulnerability that allegedly exposed user assets for two years, and a report found $204 million was lost to DeFi hacks and scams in Q2 2023, while a hacker exploited Poly Network and traded nearly $10 million worth of ETH.

Meanwhile, the South Korean FSC was investigating Delio for alleged fraud, embezzlement and breach of trust, the FCA told all crypto companies in the UK to “prepare to comply” before the deadline for October Denmark’s FSA ordered Saxo Bank to divest its cryptocurrency holdings, Singapore issued new trust requirements to safeguard cryptocurrency investments and enforced a ban on lending and gambling for retail clients, Thailand joined Singapore in Southeast Asian countries to ban retail lending and betting services, and Belarus banned peer-to-peer cryptocurrency exchanges. ‘.

In CBDC news, Chinese state-owned banks were set to join efforts to integrate the digital yuan with government-issued social security cards, DBS launched a digital yuan merchant charging solution for business customers, and Jinan said all its Bus routes now accept digital yuan payment, but hopes that China’s anti-crypto stance could change were dashed by the appointment of a well-known crypto critic as a PBoC official. As some claimed that Venezuela’s oil-pegged Petro currency may be “dead”, the Central Bank of Brazil uploaded a large collection of CBDC-related documents to GitHub, the Reserve Bank of India was talking to other countries about the use of digital rupee for crossing. border payments, and Hong Kong was exploring the idea of launching its stablecoin, HKDG, to rival USDT and USDC. However, Copper’s head of research said that current CBDC models “are not a viable cash equivalent that people can use in everyday transactions.”

In the legal and criminal world, two Canadian teens were charged for impersonating Coinbase Support to steal $4.2 million worth of cryptocurrency, Taiwan noted an increase in the use of bitcoin and ethereum in bribery cases, and accounts of digital assets and crypto celebrities on Twitter gained an ‘influx of fake followers’. Voyager’s creditors were charged $5.1 million for legal services between March and May, while Cameron Winklevoss filed his ‘best and latest offer” in the bankruptcy restructuring of Genesis.

Joke time!

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GM, CT! How do you feel?

That seems to be going well.

Why would you do that?! Because?!