Market
Censorship
Coinbase finances Tornado Cash users’ lawsuit against US Treasury Department
The plaintiffs argued that the authorities overstepped their authority and also violated their rights.
DeFi
Aave developers to get $16.8M in retroactive funding
The developers submitted a proposal to the DAO on Aug. 10 requesting funds to cover payments for development work done over the past 12 months.
Merge
Ethereum staking will attract more institutional investors post-merge – Chainalysis
According to Chainalysis, Ethereum stakers could earn up to 15% annually, compared to U.S. treasury bonds which offer investors a 3.5% return.
Partnerships
FTX selects GameStop as retail partner in the US
Some GameStop retail stores would carry FTX gift cards as the video game retailer eyes more users within the crypto space.
Technology
Algorand mainnet performance to increase 5x after new upgrade
The upgrade increased Algorand’s protocol performance from 1,200 transactions per second (tps) to 6,000 tps.
Analysis
Crypto industry is ‘maturing’ but expect slowed growth in second half – KPMG
The global financial firm highlighted how Bitcoin's performance and risks now correlate with traditional assets, says market conditions would keep testing the industry.
DAOs
Coinbase submits proposal that could earn MakerDAO $24M annually
Some MakerDAO members argued that the proposal could affect the protocol’s decentralization and add another layer of regulatory attack.
CBDCs
Ripple hints at new CBDC announcements
Ripple has scored several partnerships in its CBDC drive, including a participation in the digital dollar sandbox initiative.
NFTs
Solana-based y00ts NFT collection launches; developers raise $7M in seed round
Y00ts has had a volume of $6.5 million and its floor price rose to as high as 186 SOL ($6138).
Stablecoins
Circle CEO says Binance decision to stop USDC support is good as it increases utility
Wintermute CEO Evgeny Gaevoy says Tether risks losing ground if it does not improve operational efficiency.
People
Charles Hoskinson calls Ethereum Classic ‘dead project with no purpose’
Hoskinson has recommended Ergo to proof-of-work proponents saying the coin is "innovating and has a great community."
Analysis
Crypto whale alleged to be Saylor sent over 200K BTC to exchanges in July; community in doubt
CryptoVinco says he is 99% sure that the wallet belongs to MicroStrategy’s Michael Saylor.