Market
Exchanges
WazirX says external parties are attempting to prolong its restructuring efforts
The exchange will allow users to withdraw up to 66% of their INR balances in two phases starting Aug 26.
AI
EU’s fragmented AI regulatory framework is hampering innovation: Meta and Spotify CEOs
The EU needs a new approach with clearer policies and consistent enforcement to bolster the growth of open-source AI, the leaders said.
Hacks
Polygon regains access to Discord server following security breach
A user reported losing $150,000 worth of ETH after interacting with an official announcement from the compromised Discord server.
Legal
Tether calls Celsius’ lawsuit “baseless” in response to Bitcoin liquidation dispute
The lawsuit seeks to recover $2.4 billion worth of BTC collateral that was, according to Tether, liquidated with Celsius’ consent.
Regulation
Tyler Winklevoss criticizes the Fed’s crackdown on Customers Bank
Tyler Winklevoss believes that the Fed’s enforcement action proves Operation Choke Point 2.0 is “in full swing” and warns of worse to come if Harris wins in November.
Adoption
3 key takeaways from Donald Trump’s Bitcoin 2024 speech
Calling the current Biden-Harris administration “fascist,” Trump said that Bitcoin is the only way to avoid government coercion and control.
Regulation
Democrats urge Harris and DNC to select crypto-friendly Vice President, SEC Chair
In a letter, Democrats warned that crypto and blockchain could have an “oversized impact” on the upcoming elections.
Election 2024
Tyler Winklevoss accuses Biden-Harris of avoiding crypto critics
Tyler Winklevoss said the industry needs to see “tangible change” and know the next SEC chair before the November elections.
Election 2024
Foreign crypto firms might be the only losers under a second Trump presidency: Bloomberg
From crypto exchanges planning an IPO to Bitcoin miners, nearly every U.S. crypto firm will likely benefit from Trump’s win.
Election 2024
Trump assassination attempt boosts election odds to ATH, Polymarket data shows
Following the failed attack, Elon Musk and Justin Sun have publicly endorsed former president Donald Trump.
Memecoins
‘Memes are the gateway to crypto and blockchain’: SHIB developer Kusama
Kusama and Dhairya are planning to hand over the reins of the project to the community by the end of the year.
Stablecoins
Tron to develop gasless stablecoin transfers by Q4
According to Tron founder Justin Sun, the mechanism would enable the cost of the transfer to be covered by the stablecoins themselves.