Market
Bankruptcy
Celsius granted court approval to convert altcoins into Bitcoin and Ethereum
The Court further ordered that Bitcoin or Ethereum were the only cryptocurrencies that could be used to pay out creditor claims.
Analysis
Bitcoin’s sudden plunge below $30k triggers $176 million in liquidations
Bitcoin suddenly crashed below $30,000 after peaking at over $31,000 earlier today.
Regulation
Vitalik Buterin shows empathy for rival crypto projects amid increasing US regulatory pressures
The U.S. government has classified several rivals of Ethereum like Solana as securities.
Analysis
Bitcoin Cash soars to 14-month high of over $300 as hash rate spikes
BCH's trading volume across exchanges have soared following the increased interest.
Tokenization
Solana NFT protocol Cardinal to halt operations in August
The team said its code would remain open-source for anyone to easily redeploy a new version.
Exchanges
Binance loses Euro payment partner; denied licensing in Germany
Binance struggles in Europe continue as it has lost its EURO payment partner.
Staking
Lido leads as Ethereum locked as liquid staking derivatives hits 10 million
Projects in the liquid staking sector have considerably struggled in the last 24 hours despite the milestone.
Exchanges
Coinbase moves to dismiss SEC charges, describes it as an ‘extraordinary abuse of process’
Coinbase said the SEC made an about-face with its approach to the crypto industry.
Exchanges
Binance reportedly pulls out of Austria, shifts focus to MiCA compliance in Europe
Binance says its current focus is ensuring compliance with the forthcoming Markets in Crypto Assets (MiCA) regulations.
Mining
Hut 8 nabs $50M Coinbase credit facility ahead of merger with US Bitcoin
CEO Jaime Leverton says the credit facility provides the firm with "additional financial flexibility."
Technology
Satellite-based ‘Space Wallet’ reimagines transaction security
The Space Wallet provides enhanced security against physical access-based attacks.
Technology
NEAR Protocol feels a boost following Alibaba Cloud partnership
The partnership with Alibaba Cloud would grant access to the cloud developer ecosystem in key regions.