Market
Legal
Another BitMEX executive pleads guilty to violating Bank Secrecy Act
BitMEX former executive Gregory Dwyer has pleaded guilty to violating the Bank Secrecy Act.
Adoption
Iran pays for $10M import order with crypto, plans to make it ‘widespread’ by Q4
Iran is finalizing plans to allow a large-scale adoption of cryptocurrencies for international settlement.
Merge
MakerDAO identifies risks of an Ethereum hard fork
MakerDAO said there are seven major risks to the protocol if Ethereum is forked.
Merge
Crypto community divided over Ethereum hard fork
Crypto exchanges like MEXC, Gate, and OKX have hinted that they could list the forked version of Ethereum.
Bankruptcy
Celsius backtracks on hiring former CFO as consultant
Celsius withdrew its motion to hire former CFO Rod Bolger as a consultant after hundreds of disgruntled investors wrote letters to the court.
Scams
Over $1M lost in Polygon-based Dragoma rug pull
Blockchain security company PeckShield first reported the alleged rug pull, noting the sharp decline in the value of Dragoma's token DMA.
Exchanges
Binance moves to dissociate self from WazirX over recent allegations
CZ and Nischal Shetty have been involved in an exchange of words over Binance acquisition of WazirX.
Bankruptcy
Voyager users to have withdrawal access by Aug. 11
Voyager revealed that its users would have a daily withdrawal limit of $100,000.
Exchanges
India freezes 64.67 crore ($8.1M) of WazirX’s funds for money laundering probe
The Indian regulator claimed WazirX provided contradictory and ambiguous information throughout its investigation.
Bankruptcy
Voyager secures court approval to refund $270M, says it received better offers than FTX bid
Judge Michael Wiles ruled that Voyager had presented a "sufficient basis" to allow its customers access to their funds at the Metropolitan bank.
Macro
Arthur Hayes predicts Ethereum will reach $5K after merge if Fed pivots
Hayes revealed that the current price of Ethereum represents a huge buying opportunity for investors as it is currently selling 76% below his model price of $2815.
Merge
Justin Sun’s Poloniex supports Ethereum proof-of-work hard fork
The crypto community does not think the proof-of-work chain will enjoy wide support from the industry when the merge is completed.