Market
Regulation
SEC is investigating Coinbase over ‘securities’ listing
The SEC has doubled its investigation of the crypto exchange since it increased the number of listed tokens on its platform.
Analysis
Bitcoin, Ethereum shed gains before looming Fed interest rate hike
With the Federal Reserve expected to raise the interest rate by at least 75 basis points on July 27, the crypto market cap has shed roughly 4%.
Legal
Terra, Celsius hit with class action lawsuits in the US
Terra, Celsius are facing series of class action lawsuit filed against them by disgruntled investors who lost funds to their collapse.
CBDCs
China to respect privacy of digital yuan users, eyes more adoption
China is doubling efforts to increase digital yuan adoption and usage by creating tailor-made products for the currency.
Bankruptcy
Voyager rejects FTX’s ‘low ball’ offer, calls it ‘misleading’
Voyager's letter said FTX's offer is designed to "generate publicity" for the SBF-led firm "rather than (add) value for Voyager's customers."
Exchanges
FTX in talks to buy South Korea-based Bithumb
The two companies have reportedly been in talks for months, and there are indications of the negotiations being at an advanced stage.
Bankruptcy
Three Arrows Capital liquidators control $40M of the fund’s assets
The liquidators said the fund's assets consisted of bank accounts, cryptocurrencies, NFTs, and stakes in other firms.
Bear Market
Tesla, MicroStrategy, Block’s bet on Bitcoin leads to $5B loss on books in Q2
Bitcoin's 59% decline during the second quarter resulted in significant losses for Tesla, MicroStrategy and Block based on their previous holdings disclosure.
Exchanges
Coinbase denies listing securities, says SEC should provide regulatory framework
The SEC has been accused of using enforcement actions to bring all digital assets into its jurisdiction.
NFTs
How this NFT whale lost $150K to a ‘joke’
Franklin admits there is a "0% chance" he would get back his funds as some crypto community members troll him for his loss.
Regulation
US lawmakers propose bank-like regulation for stablecoin issuers
Stablecoin issuers would be forced to have their reserves backed in conservative assets like cash and US Treasury bonds that would not be vulnerable to market panics.
Taxes
South Korea defers 20% crypto tax implementation to 2025
Government officials tied their decision to postpone the crypto tax to the stagnant market condition and the lack of an investor protection system.