Trading
Bankruptcy
Celsius moves altcoins to new wallets in preparation for Bitcoin and Ethereum conversion
The bankrupt firm moved some of its altcoin and stablecoin holdings to crypto firms like Wintermute, Paxos and Fireblocks.
Regulation
Bitwage halts USDC payments for US residents, cites ‘strict regulations’
Bitwage warned that users who fauiled to remove their USDC allocation by July 13 would have their accounts reset.
Hacks
Web3 protocols saw decline in in security-related losses in Q2, but exit scams were on the rise
There was a 58% decrease in hack-related losses in Web3 protocols during Q2 2023, but a surge in exit scams was also observed.
Regulation
Danish authority orders Saxo bank to divest crypto holdings, citing distrust in financial system
The FSA said crypto trading activities remain unregulated until MiCA implementation in 2024.
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.
