Market
Stablecoins
DeFi Platform Linear Finance In Crisis As LUSD Stablecoin Tanks To Zero After Exploit
Linear Finance has paused all protocol contracts and disabled the Linear budget contract.
Exchanges
Binance CEO discusses new stablecoin partnerships ahead of looming MiCA regulations
European exchanges might be forced to delist stablecoins whose issuers do not have EMI licenses.
Regulation
UK’s Financial Conduct Authority issues ‘final warning’ about upcoming marketing and disclosure rules
The FCA decried foreign companies' nonchalant attitude toward the regulations in particular, reminding the industry of stiff penalties for noncompliance.
Technology
Liquid staking protocol stake.link introduces AI-powered chatbot amid new upgrades
Stake.link introduced new features to solidify its position as the leading staking solution on Chainlink.
Investments
DraftKings top investor backs CoinScan to become ‘home page’ for crypto analytics
CoinScan provides free in-depth crypto charts alongside security features to give traders an edge in the market.
Stablecoins
Tether brushes off concerns over restarting controversial USDT short-term loan services
Tether said it remains committed to removing secured loans from its reserves.
Tokenization
Optimism Foundation $157M token sale impacts market, OP dips 3%
The token sales is coming in less than a week after Optimism airdropped users 19 million tokens.
Exchanges
Australian regulator sues Kraken provider Bit Trade for $13M in user losses
ASIC said Bit Trade did not comply with the design and distribution obligations tied to its margin trading product.
Exchanges
Mt. Gox trustee extends hacked exchange’s Bitcoin repayment deadline to October 2024
The defunct exchange had earlier shifted the deadline earlier in the year.
Taxes
South Koreans’ overseas crypto assets boom to $99B as regulatory focus shifts to OTC trade regulation
South Korean regulatory authorities have unveiled intent to increase scurtiny on over-the-counter (OTC) cryptocurrency transactions.
Exchanges
CZ dismisses media claim of $250M loan from Binance-affiliated BAM Management
Binance CEO Changpeng Zhao described the report as 'wrong information.'
Regulation
UK passes online safety bill that stirred encryption concerns
UK lawmakers emphasized that metaverse and its associated environments are within the bill's scope.