This Crypto Week in Crypto: Bulls were looking to extend first-half gains with positive signals coming from bond and equity markets, a Galaxy Digital report found investment in crypto declined for the fifth straight quarter, Neon EVM allowed developers to build Ethereum dapps in addition to Solana, and July saw a rise in Bitcoin NFT ‘ordinal’ sign-ups nearing a monthly mark of 3.6 million. The US SEC accepted Valkyrie’s spot bitcoin ETF proposal following BlackRock, and Gnosis introduced two products that allow users to spend their digital assets directly from wallets using the Visa payment system.
We later learned that Celsius liquidated nearly $25 million after a US court approved the company to convert altcoins into BTC and ETH, SEC Chairman Gary Gensler was “disappointed” by court ruling that XRP is “not itself” a security, and SEC v. Ripple was referred to the judge who ordered the release of the so-called “Hinman documents”. Meanwhile, a Berenberg Capital report warned that Coinbase was still facing pressure from the SEC despite Ripple’s recent victory, while Coinbase CEO Brian Armstrong had a closed-door meeting with US House Democrats to discuss crypto regulations.
In Binance news, the exchange completed the integration of the Bitcoin Lightning Network as well as its 24th quarterly BNB burn, cryptocurrency traders showed bearishness on the derivatives market for BNB, a report claimed that declining profits forced Binance to cut employee benefits, CEO Changpeng Zhao confirmed that Binance was laying people off but said the reported numbers were “far off,” and Bi’s Argentine arm nance decided to cancel its association with the Argentine Football Association.
Meanwhile, Shinhan Bank completed an EMV-compliant feasibility test for stablecoin remittance payments on Hedera, and Societe Generale’s crypto arm obtained a full DASP license from the French financial regulator. Russian experts said the central bank would launch its digital ruble by 2025, the Chinese city of Shenzhen said its residents had opened nearly 36 million yuan digital wallets, and Brazil’s central bank digital currency raised the alarm after a developer discovered a funds freeze feature.
In Australia, the National Bank blocked some payments to “high-risk” crypto exchanges where scams were “most prevalent,” and the securities regulator canceled the financial services license of FTX’s subsidiary. In the UK, the FCA issued a warning that crypto memes could breach financial promotion rules, and the government disagreed with the recommendation to regulate cryptocurrencies like they do gambling. And in the US, Congressman Ritchie Torres called on the SEC to drop its crypto ‘crusade,’ Republicans and Democrats were seeking agreement on a proposed bill to regulate stablecoins, and Democratic presidential candidate Robert F. Kennedy Jr. said he favored a tax break on BTC.
Then the Arkham Token Public Sale on Binance drew 100,000 participants with $2.5M raised, Ethena raised $6M in a seed funding round led by Dragonfly and Arthur Hayes, Manta Network’s P0x team raised $25M and reached a $500M valuation, Nomura’s Laser Digital invested in Alan Howard-backed Webn incubator, RISC Zero raised $4 0 million in a Series A funding round led by Blockchain Capital, Futureverse raised $5 With $4 million in funding to support its mission to revolutionize the metaverse with AI, CoinFund raised $158 million from investors to fuel innovation in early-stage crypto and AI companies, and AI utility coin yPredict generated over $3 million in its seventh phase of pre-sale. Meanwhile, Ledger was looking to expand into the Latin America region, crypto insurer Evertas acquired Bitcoin miner insurance specialist Bitsure, and Shima Capital encountered challenges seeking a long-term independent auditor.
While that was going on, research revealed that Satoshi Nakamoto might be a group and not an individual, Immunefi found that 64% of whitehats said ChatGPT lacked accuracy in identifying security vulnerabilities, and Bitget revealed AI optimization of crypto exchange operations. A report claims that BlockFi executives ignored repeated warnings about major loans to Alameda Research, the US Secret Service seized several corporate accounts controlled by Deltec Bank, and Chinese authorities arrested 21 people involved in a major USDT money laundering scheme.
Also, someone offered a $670 reward for information on Elon Musk’s crypto wallet. Because.
And now, the jokes!
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Good morning TC! What’s happening?
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So… isn’t that okay?
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real image
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He is very altruistic.
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The minimalism of merchants.
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Just relax. float a bit Everything’s fine.
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Fun!
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This is no place for peace!
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baby please
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The only difference is the size of the container that holds a different amount of water. That’s all.
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How do you mean where did he go?
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I mean, how many times does he need to tell you?
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Bye bye!
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You are getting there.
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Adjust your expectations, please. Tx.
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Security First.
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‘I am wisdom and wisdom is me.’
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The pain will be so realistic.
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You must be smart to survive.
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