Trading
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
Mining
Bitcoin hashrate plummets as Texas-based miners suspend operations
Bitcoin mining hashrate has dropped to a five-months low after miners in Texas temporarily suspended their operations.
NFTs
Ryder Ripps hires lawyers ahead of legal showdown with Bored Ape’s Yuga Labs
Ripps and Cahen believe the court will vindicate them and protect their freedom of speech right.
Merge
Ethereum Merge will not reduce gas fees, DeFi researcher says
Ethereum’s high gas fees have pushed many users to rival L1 blockchains like Solana, Cardano etc.
People
JPMorgan loses 3 executives to crypto industry jobs
Several top executives of traditional firms have left their jobs for web3 projects.
