Market
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.
Regulation
Ripple CEO takes crypto regulatory clarity fight to Washington
Ripple CEO Brad Garlinghouse said the company was engaging with elected officials about crypto regulatry issues.
DeFi
DeFi protocol Balancer suffers $240k loss in front end compromise spurred by DNS attack
Balancer has advised users not to interact with its frontend until further notice.
Exchanges
Changpeng Zhao denies Binance.US ever used Ceffu to custody funds, contradicting court filings
The Binance CEO statement contrasts to those made by the firm in several filings in its lawsuit against the SEC.
Investments
Japan’s Nomura Bank subsidiary Laser Digital launches Bitcoin fund
Nomura bank said the fund will exclusively offer exposure to Bitcoin in a long-only strategy.
Stablecoins
Circle director sees potential in EU payment rules for stablecoins
Hansen noted that the proposed review should allow stablecoin issuers easier access to opening bank accounts.
Layer-2
Optimism OP price unchanged as network rewards loyal holders with 19M airdropped tokens
Optimism's OP price has remained unchanged despite news of the new airdrop, slightly dropping by around 1%.
Layer-2
Canto rallies 13% following plans to migrate to Ethereum as layer2 network
IntoTheBlock stated that Ethereum's L2 landscape is witnessing a surge in specialization among key players.
Mining
Hut 8 shares climb as court approves merger with US Bitcoin Corp
Hut 8 stated that the deal was still subject to certain conditions.
Trading
Short-Bitcoin products gain popularity as clampdown-driven crypto outflow persists
Bitcoin investment products dominated the outflows recorded last week, with $45 million outflows.
Hacks
New Google cloud sync feature implicated in $15M crypto heist at Ripple-owned Fortress Trust
Retool stated that Google abruptly changed its multifactor authentication standard to single-factor authentication.
Analysis
Avalanche AVAX price drops to 2-year low despite high profile partnerships
The blockchain network has attracted partnerships with Alibaba Cloud and Amazon Web Services.