Macro
Bitcoin spikes to $24,000 as CPI inflation remains unchanged at 8.5%
The leading cryptocurrency jumped on news that CPI inflation is holding steady.
Samuel Wan 3 min read 
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Samuel Wan 3 min read 
Regulation
Coinbase CEO Brian Armstrong says ‘the more regulation there is for crypto, the better it is for Coinbase’
Coinbase CEO Brian Armstrong said on an Aug. 9 earnings call that the company is keen to see "common sense frameworks for regulation" next year within the United States.
Earnings
Coinbase reports $1.10B loss in Q2 as assets on exchange slump
Coinbase reported the biggest loss ever in Q2, losing more than $1B over the past 3 months. Assets held on the exchange also fell to just $96 million.
More US Crypto News & Analysis
Regulation
Circle says freezing wallets went against its beliefs on an open internet
Circle explained that complying with the regulatory demands was both a right and an obligation it owes to continue building trust with all parties.
Legal
Over 70k XRP holders join class action lawsuit against SEC
Deaton believes SEC’s decision to file a lawsuit against Ripple and its executives for violation of securities law has affected the value of XRP.
Bankruptcy
Celsius CEO under fire as Committee of Creditors, DFPI implicate him
Celsius CEO Alex Mashinsky is accused of promoting false information about the safety of users' funds at the brink of the bankruptcy.
Crime
US vows to ‘aggressively pursue’ crypto mixers following Tornado Cash sanctions
U.S. Secretary of State Anthony Blinken said the government will continue clampdowns against crypto mixers that are laundering money for criminals.
Legal
Another BitMEX executive pleads guilty to violating Bank Secrecy Act
BitMEX former executive Gregory Dwyer has pleaded guilty to violating the Bank Secrecy Act.
Culture
Erik Voorhees urges MakerDAO community to exit USDC positions after Tornado Cash sanctions
Shapeshift CEO Erik Vorhees urged the MakerDAO community to unwind USDC collateral and move it to a stablecoin more "resistant" to censorship.
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Mining
Texas miner earned $9.5M in power credits while mining 318 BTC
Regulation
CommerceBlock CEO slams US Treasury Department’s crackdown on Tornado Cash, says it ‘makes little sense’
Mining
Mining firm Bit Digital grows Ethereum holdings 594% sequentially in July ahead of Merge
Bankruptcy