Market
Bankruptcy
3AC co-founder fears Jail term over liquidator’s misrepresentation
Three Arrows Capital co-founder Su Zhu alleged that liquidators misled the Singapore high court about the structure of 3AC and the role he and co-founder Kyle Davies played in it.
Exchanges
Binance clarifies it froze Baking Bad corporate account due to law enforcement request, locked assets in agency custody
Binance's statement came in response to Baking Bad publicly claiming the account had been frozen "without any explanations."
Technology
Cardano developers working to bring Vasil hard fork to mainnet – IOHK latest update
IOHK said no serious bugs or hard fork blockers are left, and only minor bugs in Sev4 or Sev5 remain outstanding in the backlog.
Research
Research: Ethereum staking deposits decline with over 70% stakers in loss
Market Analysts have tied the cause of the decline to the speculations of an Ethereum fork and fears about the Merge.
Adoption
Vitalik Buterin says crypto payments are superior, people underestimate the potential
Vitalik Buterin said crypto payments could provide a "big boost to international business and charity, and sometimes even payments within countries."
Exchanges
Coinbase launches liquid staking token to ‘keep Ethereum decentralized’
Coinbase said its cbETH token is not expected to track the ETH value at a 1:1 ratio as it only represents the staked ETH and accrued staking interest.
Merge
Ethereum Foundation confirms merge will happen Sep. 10 – 20
The Ethereum foundation has revealed a $1 million bounty for white hat hackers who find any critical bug on the network before September 8.
Bankruptcy
Singapore court grants liquidator access to 3AC’s assets
Teneo will now have access to bank accounts, cryptocurrencies, non-fungible tokens, and stakes in companies and properties belonging to Three Arrows Capital.
NFTs
Uniswap in talks with 7 lending protocols to ‘build NFT financialization’
Uniswap said it will work with each lending protocol to "solve liquidity fragmentation and information asymmetry."
Merge
Developers discover and fix bugs in 2 Ethereum clients’ mainnet merge updates
The bugs are unlikely to stop the Merge or delay it from happening on September 15 because there are several other execution clients on Ethereum.
Merge
Ethereum Merge plans in full swing as Teku, Geth release update
Ethereum's price is down 18% over the last seven days but the final steps for the Merge are in full swing, with rampant speculation over how it will affect Ethereum's censorship resistance feature.
Analysis
BendDAO running out of funds amid fears of souring debt
If borrowers default on loans using blue-chip blue-chip NFTs as collateral, the liquidation could wipe $55 million from the market and lead to a cascading effect.