Crypto
Hacks
Curve Finance offers hacker 10% bounty, agrees not to seek legal assistance if offer is taken up
Two other DeFi platforms, Metronome and Alchemix, also signed the bounty offer.
Earnings
Coinbase reports $708M in quarterly revenue but overall net loss ahead of Base launch
The value of the company's stock remains largely unchanged.
Trading
X has plans for an in-app trading platform: Report
There is not yet any indication of whether crypto could be supported — or indeed, whether any partner firms are interested in powering the platform at all.
Legal
New York Times objects to gag order on Sam Bankman-Fried leading up to trial
The newspaper says that the public has a right to have access to reporting on the scandal that hurt millions.
Wallets
Push Protocol updates app with new social features, including live “Spaces” feature
Users can now access a Twitter Spaces competitor and new staking pools.
Technology
Space and Time launches Proof-of-SQL for blockchain and AI data verification
The product can be used to verify that queried data is accurate and unmodified.
Earnings
MicroStrategy made largest Bitcoin purchase since 2021 in Q2 2023 amid slight revenue decrease
The company purchased 12,333 BTC for $347 million in Q2 2023.
Bankruptcy
Voyager may have suffered hack, data leak during reopened withdrawal period
One lawyer said that Voyager was exploited when its reopened withdrawals for 30 days.
Politics
MoonPay CEO was responsible for $500K donation to Miami mayor’s super PAC
Ivan Soto-Wright donated through a solely-owned firm that shares a name with a Chinese flower company, which had raised concerns over campaign finance laws.
AI
Meta’s AI chatbots could go live by September
Meta's bots will take on various personas, including a travel-savvy surfer and U.S. President Abraham Lincoln.
Taxes
IRS clarifies rules on crypto staking rewards
The Internal Revenue Service issued new guidelines on July 31, outlining its stance on taxing cryptocurrency staking rewards.
Exchanges
Coinbase distances itself from CEO Brian Armstrong’s comments on SEC investigation
Coinbase has joined the SEC in denying that the regulator instructed it to delist all assets but Bitcoin.