Market
Analysis
Grayscale report says bear market could last for next 250 days
Grayscale said the crypto market officially entered the bear market on June 13.
Exchanges
Binance fined €3.3 million in Netherlands for unlicensed operations
Binance has objected to the fine imposed by the Dutch central bank despite the regulator slashing it by 5%.
Hacks
Hackers steals $400K in NFTs from Premint users via malicious link
Blockchain security company, CertiK confirmed that the hackers stole over 300 NFTs, which included NFTs from prominent projects like BAYC, Goblintown, and Otherside.
Metaverse
Moonsama partners with KILT protocol for SocialKYC integration
SocialKYC does not store, save or share users' personal information once logged in.
Analysis
ETH, Lido rally following update on Ethereum’s Merge as markets turn green
Ethereum, Lido have been on a green run since it was revealed that the Merge could happen on September 19.
Regulation
Gensler says SEC can consider tailoring rules for crypto industry compliance
Gensler said several crypto companies have been non-compliant with offering unregistered securities to investors.
Trading
Crypto trading volume plunges to 18-month low, Coinbase feels the pinch
Derivatives and spot trading volumes have fallen by over 15% since May across top crypto exchanges.
Merge
Ethereum developers pick September 19 for Merge
Observers expect the Merge to happen in September, while skeptics believe that the upgrade could still be met with more delays.
Bear Market
Crypto winter touches OpenSea, sacks 20% of staff
Finzer said affected workers would receive severance and health insurance until 2023 alongside an accelerated equity vesting.
Lending
Celsius terms of use do not guarantee return of customers’ funds
Celsius has maintained a positive tone despite filing a Chapter 11 bankruptcy claim on July 13.
Regulation
Stablecoin rules among topics discussed during Janet Yellen’s meeting with Japanese officials
The meeting between both authorities focused on issues that included “sustainable finance, crypto assets, and stablecoins.”
Bear Market
Bitcoin production cost decline could be a negative for price, JPMorgan says
The bank strategists wrote that the decline in production cost is due to a reduction in electricity use