Market
Censorship
Mailchimp suspends accounts of several crypto-focused users
Mailchimp’s acceptable use policy prohibits the use of its services for crypto-related content.
Regulation
South Korea double downs on crypto regulation, arrests 3 people over illegal trading biz
South Korean Financial Services Commission Chairman Kim Joo-Hyun said the new crypto regulation would adopt a balanced approach that ensures investors' protection and market innovation.
Exchanges
Coinbase staking product under SEC investigation
The U.S. SEC has multiple probes open against Coinbase, with the latest evaluating its staking product.
Culture
Developers write code to protect NFT projects from the ‘Aoki Curse’
Some NFT projects like Edgehogs have also jokingly included codes to prevent Aoki from buying their project.
Merge
Ethereum spikes 12% following completion of Goerli testnet merge
Ethereum is up 12% and trading at $1,886 following news of the successful completion of the Goerli testnet merge.
Enterprise
Ripple shows interest in acquiring Celsius
A Ripple spokesperson reportedly said the firm was interested in looking for M&A opportunities to scale its business.
Regulation
SEC, CFTC may seek crypto exposure reports from hedge funds
The form would give the regulators insight into the level of exposure hedge funds have to digital assets. It would also allow them to gauge the effects of a crash on the overall economy.
Regulation
SEC orders Bloom Protocol to register BLT token as security or face $31M fine
Bloom Protocol chose to settle with the SEC without admitting or denying any of the commission's findings.
Sports
UK’s ASA uphold ruling against Arsenal over fan token ads
According to the regulator, the advertisements were promotion of cryptocurrencies to the general public. Hence, it should contain clear warnings about the risks of such investments.
Stablecoins
USDT volume on exchanges up 20% in 3 months
According to Santiment, the high percentage of Tether on exchanges is a sign of 2-year high buying power in the market.
Merge
Circle to ‘fully and solely support Ethereum PoS’
Circle said it would not have any problem with the Merge, and USDC will function efficiently on a PoS blockchain.
Legal
Over 70k XRP holders join class action lawsuit against SEC
Deaton believes SEC’s decision to file a lawsuit against Ripple and its executives for violation of securities law has affected the value of XRP.