Trading
Exchanges
Binance calls for dismissal of CFTC charges citing lack of jurisdiction
Binance asserted that the CFTC lacks jurisdiction over spot trading activities even in the U.S.
Legal
EOS Network Foundation preparing to sue Block.one over unfulfilled $1B investment promise
The Foundation accused Block.one of failing to keep its promises to the network.
Exchanges
Binance’s European exodus continues as exchange withdraws critical license application in Germany
Over the past month Binance has exited markets in five European nations over its failure to secure necessary licensing.
Legal
Singapore High Court declares cryptocurrency as property, rules in favor of ByBit in trust case
Judge Jeyaretnam ruled that crypto is a property recognized by the common law as a thing in action.
AI
AI companies lobby for open-source support in EU’s upcoming regulations
Companies want the EU regulations to ensure the continued developments of AI in the region.
Technology
Venom blockchain hits 1M testnet wallets in two months
Venom Foundation is the first blockchain network licensed by the Abu Dhabi Global Market (ADGM).
Exchanges
KuCoin dispels layoff rumors, CEO cites ‘normal’ personnel adjustments
KuCoin CEO Johnny Lyu said the firm is focused on being "more dynamic and competitive."
Regulation
Worldcoin faces regulatory scrutiny amid community backlash on privacy concerns
Crypto community members have heavily criticized Worldcoin's WLD token tokenomics.
Analysis
XRP crowned top-traded altcoin of the year: Kaiko
Since the beginning of July, Bitcoin's trading has declined to the lowest levels since April.
Exchanges
Binance wants to seek dismissal of CFTC charges in complex legal battle
Binance has revealed its intention to to file motions to dismiss a lawsuit from the CFTC.
CBDCs
President Putin approves digital Ruble, as Russia prepares for crypto exchange trial run
The governor of the Bank of Russia said the Digital Ruble use would be voluntary.
Analysis
Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence
Market sentiments surrounding XRP and Ethereum appears to have improved over the past week.
