Trading
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.
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
