Trading
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.
DeFi
Curve Finance TVL falls over $1B following Vyper vulnerability exploit
Curve's CRV token became highly volatile following the attack, prompting fears of a contagion.
Regulation
SEC commissioner Hester Peirce calls watchdog’s public accounting warning into question
SEC chief accountant has warned that accounting firms risk legal liabilities with their non-audit works for crypto firms.
Legal
Alameda Research wants GBTC shareholders to join lawsuit against Grayscale
Alameda had filed a lawsuit against Grayscale in March, alleging that the firm was unjustly enriching itself at the expense of shareholders.
Trading
Crypto market maker Wintermute shifts focus to Asia amid Western regulatory turmoil, plans expansion
Wintermute is eyeing growth in other jurisdictions amid the regulatory pressure in the West.
Bankruptcy
Bankrupt crypto giants FTX and Genesis reach agreement to resolve billion-dollar claims
The two bankrupt firms note that the agreement was still subject to a court approval.
