Market
DeFi
Hex loses $500M in market cap after SEC lawsuit; token removed from MetaMask, Uniswap
Crypto platforms, Uniswap and MetaMask, have dropped support for the embattled HEX token.
Technology
Adshares partners with QuickSwap to revolutionize decentralized advertising via crypto payments
Adshares uses blockchain technology to solve the challenges plaguing traditional advertising.
CBDCs
Bank of Russia kicks off digital ruble operations with free transactions until 2025
The bank explained that this would incentivize Russians to use the national digital currency.
ETF
SEC flooded with 12 Ethereum ETF applications in less than a week
Market observers have argued that the asset management firms are gambling on their applications.
Technology
Matter Labs CEO dismisses Polygon Zero claims of zkSync plagiarism
The Polygon Zero team wrote that the copying codes without attribution were against open source ethos and hurts the ecosystem.
Legal
DOJ pushes for jail for ex-FTX CEO for ‘improperly discrediting’ witness
The DOJ argued that Sam Bankman-Fried actions were enough grounds to send him to jail.
Analysis
Centralized exchange trading volumes hit yearly low, though South Korean exchanges resist trend
CCData said Bitcoin's price narrow trading in July affected crypto trading activities across centralized exchanges.
Technology
World Mobile launches Ethereum and BNB Chain bridges, strengthening multichain strategy
The project hopes that the Ethereum and BNB Chain cross-chain bridges will incentivize both networks' users to join the emerging WMT ecosystem.
Bankruptcy
Bankrupt FTX seeks court approval to liquidate solvent Dubai subsidiary
FTX Dubai holds approximately $4.5 million in several accounts, according to court filings.
Bankruptcy
BlockFi conditionally approved $1B recovery plan sets stage for repayment, larger recoveries
BlockFi's plan would help the bankrupt firm resolve all its cases and also allow it to refund clients.
Regulation
HashKey becomes first Hong Kong licensed retail crypto trading service
HashKey has opened user preregistration and will reward those registering with HashKey EcoPoints (HSK).
Exchanges
KuCoin suspends Bitcoin, Litecoin mining amid shifting strategy and layoff rumors
The news comes less than a week after KuCoin denied any alleged layoff plans.