The latest Bitcoin, DeFi, NFTs and web3 news from CryptoSlate.
Web3 domain provider Unstoppable Domains raises $65 million, becomes newest crypto unicorn
Unstoppable Domains raised $65 million in a funding round led by Pantera Capital, to scale its domain services as Founder projects a billion people will own at least one NFT domain in the next 5 years.
Japan’s top crypto lobby groups push for lower taxes to attract talent
The lobbying groups are planning to ask the government to make crypto issuing and holding cheaper to prevent talented individuals from leaving the country.
El Salvador seeks to buy back $1.6B of debt to quell default fears
President Nayib Bukele said the country will repurchase all sovereign bonds maturing between 2023 and 2025 at market prices.
Federal Reserve announces 75bps rate hike; Bitcoin up 3% following the news
The FOMC meeting statement has revealed a 75bp interest rate hike - Bitcoin was up 3% after the news broke.
Crypto industry heavyweights clash over intellectual honesty of Bitcoin maximalism
Cory Klippsten bashed blockchain technology leading to a counter response from Charles Hoskinson. The spat rehashed debate on Bitcoin maximalism with Max Keiser, among others, weighing in on the matter.
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.”
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.
Research: Stablecoin supply on exchanges reaches all-time high
The stablecoin supply ratio (SSR) shows that the stablecoin supply on exchanges tends to increase significantly when uncertainty hits the market.
Cathie Wood’s ARK Invest sells $75M worth of Coinbase shares due to poor performance
Ark Invest sold off 1.41 million Coinbase shares for $75 million, citing the exchange's poor performance as the primary reason.
Rio de Janeiro forges ahead with Bitcoin integration plans
Rio de Janeiro secretary of finance and planning is looking to allocate a percentage of the city's treasury into Bitcoin while also providing crypto investors with tax breaks.
What will the FED decide today? Last chance for interest rate hikes before 2 month hiatus
The crypto market is undecided on how it will react to another FED rate hike today. Expectation of a 75 basis point increase may be priced in but will the FOMC meeting lead to a record setting 100 basis point increase?
Okcoin warn of ‘elder fraud’ following recovery of $1M in stolen crypto
Scammers who preyed on the elderly were stopped by the coordinated efforts of centralized exchanges.
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.
Ex-Diem developers raise additional $150 million from FTX Ventures and Jump Crypto
Aptos Labs is now valued at $2 billion as it raises $150 million in latest Series A round. Investment will be used to support developments towards the launch of its mainnet in September.
How the influx of Terra projects resulted in the Osmosis exploit with founder Sunny Aggarwal
CryptoSlate's Akiba talks to Osmosis founder Sunny Aggarwal about the future of Osmosis, the fallout from Terra, bug bounties, and issues with building in a bull market.