Market
ETF
Asset managers’ interests pivot to Ethereum futures ETFs
The applications are coming in less than two months after the financial regulator received a slew of spot Bitcoin (BTC) ETF applications from several traditional financial institutions, including BlackRock.
Regulation
Ripple accuses SEC of weaponizing the company’s quarterly reports in court
Ripple stated that its total XRP holdings increased by about 45 million during the second quarter.
Regulation
Worldcoin WLD token jumps nearly 5% despite Kenyan government suspension
The Kenyan government expressed concerns over Worldcoin's collection of its citizens biometric data.
Exchanges
Coinbase eyes Bitcoin Lightning Network integration, says CEO Brian Armstrong
Bitcoin Lightning Network adoption has grown over the past year, with its TVL peaking at over 5000 BTC in July.
Exchanges
Reports of secret $90B Chinese trading denied by Binance, claims no operation in the country
Binance insisted that its platform was unavailable to China-based users as reports of Binance's undisclosed $90B market in China
DeFi
Total value locked across DeFi protocols down more than $3B since Curve Finance attack
DeFi investors fear the current market situation could lead to a contagion that would affect the industry.
Exchanges
Binance reenters Japanese market with new platform, debuts BNB trading
Binance Japan will list 34 digital assets, including Bitcoin, BNB and others.
Bankruptcy
FTT holders left hanging in proposed FTX restart plan
FTX's unsecured creditors have opposed the restart plans because it ignores their recommendations
Legal
Ripple legal chief says Terra ruling does not change XRP’s status
A federal judge disagreed with the Ripple XRP's ruling further muddying the crypto regulation scene.
Stablecoins
Tether reports Bitcoin reserves up by $170M alongside drawdown in precious metals allocation
Tether reported that its excess reserves increased by $850 million to $3.3 billion during the second quarter.
Exchanges
Nigerian SEC doubles down on Binance warning despite its recent approval in Dubai
The Nigerian financial regulator specifically mentioned Binance's official website in its new warning.
Memecoins
Rug pull fears emerge after obscure meme coin surges 10,000% on Coinbase-backed Base network
Several crypto degen traders have made huge profits from trading the memecoin.