NFTs
Crypto
CryptoSlate Wrapped Daily: Wintermute hacked of $160M, SEC claim jurisdiction over Ethereum transactions
Wintermute's DeFi operation hacked of $160 million, Ethereum developer confirm that Shanghai upgrade will not unlock staked ETH and much more in this edition of CryptoSlate wrapped daily.
Legal
Galaxy Digital pulled out of the $1.2B merger because it could not afford it, says BitGo
BitGo claim it had submitted a comprehensive financial statement as requested, hence the blame game played by Galaxy was a subtle way to cover for its illiquidity to complete the merger transaction.
DAOs
Vitalik Buterin argues that highly decentralized DAOs will be more efficient than corporations
For DAOs to be more efficient, Vitalik said they need to remain highly decentralized while incorporating elements of political science and corporate governance.
Regulation
U.S. Treasury requests public comment on curbing crypto-related crimes
The U.S. Treasury requested feedback to provide perspective on its approach in drafting a crypto regulatory bill as directed by the executive order.
Crypto
CryptoSlate Wrapped Daily: Ripple and SEC move to settle lawsuit, FTX not authorized to operate in UK
Ripple and SEC file for summary judgement, Ronin bridge struggle to attract 21 validators as Q2 TVL drops by 82.7% and much more in this edition of CryptoSlate wrapped daily.
Trading
Crypto trader exploits GMX, manipulates AVAX price to remove $565K
An opportunistic crypto trader leveraged GMX's zero slippage design to move AVAX's price in a long and short position for five consecutive trades.
Mining
Ethereum PoW loses 200 WETH to Omni bridge vulnerability exploit
Omni bridge failed to validate the actual chainID before approving the transaction.
Mining
Grayscale Investment moves to sell all ETHPOW tokens
ETHE and GDLC funds will transfer ownership of 3,100,629 ETHPoW tokens to Grayscale Investment. The tokens will be sold when deep liquidity is developed for ETHW trading.
Staking
Osmosis co-founder questions the effectiveness of ETH staking post-merge
Sunny Aggarwal said that the inability of users to withdraw the staked ETH has contributed to the growing deviation of Lido's stETH price from the underlying ETH.
Crypto
CryptoSlate Wrapped Daily: Ethereum could be considered a security post-Merge, Whitehouse releases crypto regulatory framework
Community debating that ETH could be classified as security token post-merge, US banks pausing crypto lending plans amid challenging SEC guidelines and much more in this edition of CryptoSlate Wrapped Daily.
Bankruptcy
Celsius seeks court approval to sell $23M worth of stablecoin assets
Celsius is looking to sell the stablecoins to generate more liquidity to fund its business operations.
Crypto
CryptoSlate Wrapped Daily: Ethereum switches to PoS, ETH falls below $1,500 as over $150M is liquidated
Ethereum switches to PoS after successfully completing the Merge, Ethereum Classic hashrate surges to over 200 TH/s post-Merge and much more in this edition of CryptoSlate Wrapped Daily.