Market
Regulation
ASIC cancels FTX Australia’s license amid escalating crypto regulation
Australian regulators have lately increased efforts to regulate the cryptocurrency industry.
Politics
Presidential candidate RFK Jr. proposes backing US dollar with Bitcoin
Robert Kennedy said his government would exempt Bitcoin from capital gain taxes to incentivize ventures to build in the United States.
Regulation
US lawmaker urges SEC to rethink crypto regulation following landmark XRP ruling
Rep. Ritchie Torres stated that the SEC needed to focus its enforcement actions on the crypto industry's bad actors.
Investments
Web3 projects see 78% drop in VC investments as crypto funding falls
Crypto funding has crashed to the lowest point since the fourth quarter of 2020.
Tokenization
Reddit’s MOON cryptocurrency surges 200% after platform’s terms of service tweak
Reddit changed its term of service to allow community points to be traded.
Exchanges
Coinbase Earn still risks being labeled as security, warns Berenberg’s analyst
Berenberg's analyst argued that Coinbase staking pause in four US states highlights the regulatory risk associated with the product.
Exchanges
Binance cuts employee benefits; hints at more layoffs as profits decline
Binance CEO Changpeng Zhao tweeted that the exchange was still hiring despite making contradicting statements to employees.
Exchanges
National Australia Bank blocks millions in crypto transactions citing scam concerns
NAB said it has introduced new measures aimed at better protecting its customers from scams.
Tokenization
Ripple eyes US bank partnerships following SEC victory, as XRP volume surpasses Bitcoin
Ripple believes the legal clarity provided by its recent win against SEC could open doors for institutional interest in XRP.
Bankruptcy
Bankrupt Celsius transfers $24M worth of altcoins to FalconX, OKX
Celsius still holds around $183 million worth of altcoins, according to Dune analytics dashboard.
Exchanges
Binance completes Bitcoin Lightning Network integration
The total value of assets locked on Bitcoin Lightning Network dipped by 610 BTC within the last seven days.
DeFi
Binance CEO foresees DeFi outgrowing CeFi in 6 years, despite regulatory hurdles
The Binance CEO believes the recent wave of institutional interest in crypto validates the industry and its technology.