Market
Exchanges
Portuguese banks shut accounts of crypto exchanges
One of the banks said said it has the duty of notifying authorities about any “suspicious transactions,” which may lead to the closure and termination of some relationships.
Exchanges
Coinbase to provide crypto services to BlackRock institutional clients
Coinbase would allow institutional investors of BlackRock to carry out crypto transactions via its Coinbase Prime feature.
Exchanges
Coinbase requests US Supreme Court intervention to stop ‘frivolous cases’
The lawsuits are currently before Federal courts, where the judges have rejected the exchange's move to send the cases into arbitration.
Analysis
Bitcoin to perform more like US Treasury bonds as it recovers from crash – Bloomberg Intelligence says
Bitcoin has a better chance of recovering faster than commodities when the market eventually rallies, according to Bloomberg Intelligence's latest crypto outlook report
Hacks
Whitehat hackers refund $9M to Nomad
A breakdown of the returned funds showed that the majority of them were stablecoins. Around $2 million USDT, $3.8 million USDC, $1.2 million FRAX and $150,000 DAI have been returned.
Bankruptcy
Celsius wants to rehire its ex-Chief Financial Officer
Bolger had worked with the embattled lender for five months before resigning on June 30. Less than a month after his resignation, the firm filed for bankruptcy.
Bankruptcy
Voyager CEO reportedly made $30M from stock sales
Three of Ehrlich's largest transactions, totaling 1.4 million shares and worth $19 million, were made in February 2021.
Hacks
Over 8K Solana wallets drained of funds, $10M estimated missing
The attack mostly affected mobile Solana wallets and most of the breach reports came from Phantom and Slope users.
Adoption
MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role
Despite the losses, MicroStrategy stock has outperformed Nasdaq, Gold, Silver, and even some of the biggest tech companies after its Bitcoin adoption.
NFTs
Solana NFT marketplace Magic Eden expands to Ethereum
The platform said that it plans to provide multichain solutions for NFT collectors and creators and has launched several tools to make that possible.
Crypto
NYDFS slams Robinhood’s crypto unit with $30M fine
NYDFS said the Bank Secrecy Act and anti-money-laundering compliance programs at Robinhood were “insufficiently staffed.”
Exchanges
Binance.US to delist Flexa’s AMP after SEC security classification
SEC Chairman Gary Gensler urged crypto exchanges to operate according to securities law, as they can't be treated differently because of their technology.