Market
Exchanges
Binance suspends support for 8 Multichain-bridged tokens amid cross-chain issues
Multichain's MULTI token plunged by 7% following news of Binance's latest withdrawal suspension.
Regulation
South Korea prepares further crypto legislation focused on asset issuance, stablecoin regulation
South Korea's FSC is reportedly considering expanding the Virtual Asset User Protection Act to crypto asset management firms.
Regulation
New UK crypto ad laws will go into effect in October
The Financial Conduct Authority warns that those found in violation could face up to two years' imprisonment.
Exchanges
Coinbase’s market share is on the rise in spite of SEC actions
Several global asset manager signed an SSA agreement with Coinbase in spite of the SEC's litigation against the firm.
NFTs
Blue-chip NFTs hit hard as over 1,200 liquidations rock market
The floor price of Bored Ape NFTs fell below 30 ETH for the first time since October 2021.
Regulation
Coinbase officer argues U.S. student loan ruling sets precedent for SEC on crypto regulation
Paul Grewal believes Congress could close the regulatory vacuum by passing legislations for the crypto industry.
Regulation
Ripple executives applaud UK crypto regulations, claim US lags behind
The United Kingdom recently approved a bill that made crypto trading a regulated financial activity within the country.
Exchanges
Binance spot trading plunges 70% following regulatory pressures and reintroduction of Bitcoin fees
Spot trading activities on exchanges have dropped to their lowest level since 2020.
DeFi
DeFi salaries soar despite industry turmoil
Durlston Partners attributed the increased salaries to the sector's maturation and the paucity of talents in the space.
Regulation
Belarus eyes ban on peer-to-peer crypto transactions in fight against cybercrime
Belarus said the move would help the country combat cybercrimes and make it difficult for criminals to launder their funds.
Hacks
Poly network services ‘remain suspended’ after another major hack
Several blockchain security firms have estimated that the protocol lost over $5 million in crypto assets.
Regulation
SEC dismisses rumors of chairman Gary Gensler’s resignation
The crypto community had reacted positively to the fake news of Gensler's resignation.