Market
Adoption
Binance and TripleA partner for crypto payment option
Binance has scored a new partnership with Triple A as its new universal crypto payment gateway for its Binance Pay feature.
Hacks
ApolloX suffers $2.8M hack after securing latest seed funding round
Hours after ApolloX confirmed that it had completed a new funding round, a hacker exploited a bug on the network to steal 53 million APX tokens, worth $2.8 million.
Legal
Terra’s Do Kwon claims SEC investigation reports, other allegations are ‘misinformation’
According to a report, the SEC got a court order that forces Terraform Labs to comply with subpoenas issued by the commission to investigate whether the firm’s tokens were unregistered securities.
Adoption
Report: 83% of US retailers think ‘digital currencies’ will become legal tender in 10 years
An overwhelming majority of Deloitte respondents believe that crypto payments would become prevalent in their industry within the next five years.
Regulation
CFTC may become main regulator for crypto industry
Several crypto exchanges have revealed their preference for CFTC to be the major regulator of the crypto space with FTX Bankman-Fried lobbying the US congress for the commission.
Investments
Solana launches $100M fund to attract crypto projects from South Korea
South Korean developers might be unwilling to take the new Solana's fund bait considering the network has suffered seven outages in the last 12 months.
DeFi
Terra’s Anchor protocol users vote to halt ‘earning and borrowing’
Anchor operations like earning and borrowing will be suspended and users would only be allowed to withdraw their funds or deposit USTC to earn aUST.
Crime
US DOJ wants more international collaboration to fight crypto crime
The US Department of Justice believes there is a need for international collaboration to better regulate the crypto industry.
Regulation
Japan-based exchanges to change screening method for listing crypto assets
Japan has introduced a slew of new crypto regulations designed to liberate the operations of the industry in the country.
DEX
Report: DEXs on-chain transaction volume surpasses that of CEXs
The growth of DeFi played a major role in the on-chain transaction volume of decentralized exchanges beating that of centralized exchanges.
Rumors
LUNA 2.0 falls by 77% in 14 days as Do Kwon takes Twitter account private
Trust in Terra's new ecosystem is dwindling as new allegations emerge against Do Kwon, who has taken his Twitter account private.
Analysis
Investors flock to Bitcoin as Ethereum records 9 consecutive weeks of outflow
While Bitcoin recorded an inflow of $126 million during the week, Ethereum saw another week of outflow.