Market
Gaming
Axie Infinity CEO moved funds to Binance before disclosing Ronin bridge hack
Axie Infinity CEO Trung Nguyen confirmed that he moved funds to Binance to prevent short sellers from taking advantage of the hack.
Web3
Solana spaces opens physical store in New York City
Vibhu Norby, Solana Spaces CEO, explained that the major aim of the physical store is to educate people about crypto and onboard new entrants.
Hacks
Solana-based Nirvana loses $3.5M to flash loan exploit; tokens tank 90%
OtterSec said the Nirvana exploit is similar to the one that affected Crema Finance earlier in the month.
Merge
Ethereum 2.0 draws closer, Goerli testnet merge slated for August
ETH has been one of the best price performers in recent weeks. Its value has risen by over 45% in the last two weeks.
Metaverse
FTC wants to stop Meta from ‘owning the metaverse’
The commission's lawsuit wants to increase consumer choice and encourage innovation instead of buying competition and narrowing the market.
Investments
Angel investor says Helium has no demand, returns are poor
Shapira claimed that the $20 returns for investor is heavily subsidized by ”investment in growing the network, and speculation on the value of the $HNT token.”
Legal
South Korea issues notification of arrival for Terra’s Do Kwon
South korean prosecutors want to be informed in case Terra's Do Kwon enters the country.
Analysis
Polygon’s Q2 data shows significant growth in the ecosystem
Polygon recorded significant growth in its ecosystem in the second quarter scoring new partnerships and growth.
Macro
Crypto crash did not adversely affect broader financial system, IMF says
The IMF said the rising inflation rate and the possibility of a recession caused by the Ukraine war and continued COVID lockdowns has battered the world's economy.
Bankruptcy
Tether’s $840M Celsius loan liquidation poses legal troubles
Celsius legal representatives are asking whether the bankrupt lender could be able to recover the value of the collateral sold by Tether.
Exchanges
Philippines think tank Infrawatch wants Binance banned
Infrawatch PH said Binance product offerings in the country are securities, blames it for Terra’s collapse.
Analysis
Bitcoin, Ethereum trade at weekly lows as market anticipates FOMC interest hike
Bitcoin’s price crashed to its lowest in the last seven days as the market anticipates the Feds interest rate hike.