Total Stablecoin Supply Down By $35 Billion – Arcane Research
Summary: Stablecoin supply dropped by the end of the second quarter of 2022. Arcane Research data showed that the total supply was about $151 billion by Q2 of this year.…
Crypto Tax Exemption Proposed By U.S. Senators For Trades Under $50
Summary: A crypto tax bill was introduced in the U.S. Senate. The proposal is championed by lawmakers from both the Democratic and Republican parties. A de minimis exemption for crypto…
Binance CEO Changpeng Zhao Accuses Bloomberg Businessweek Hong Kong For Being “Unprofessional.”
CZ has accused Bloomberg Businessweek Hong Kong of being unprofessional Binance’s CEO has accused Bloomberg business week Hong Kong of issuing defamatory statements against him and Binance. The CEO of…
SEC Reportedly Investigating Coinbase Over Cryptocurrency Listings
Coinbase is facing an SEC investigation over its cryptocurrency listings, according to a Bloomberg report. The report claims that the SEC is investigating whether the exchange lets users trade assets…
Vitalik Buterin: Ethereum Classic Will Definitely Welcome PoW Fans, it is a Totally Fine Chain
Summary: Ethereum’s Vitalik Buterin has suggested that the Ethereum Classic community will definitely welcome proof-of-work fans after the Merge. He points out that Ethereum Classic is ‘totally fine chain.’ ETC’s…
Bitcoin Falls Below $22,000 Ahead Of FOMC Meeting And Big Tech Earning Calls
Summary: Bitcoin slipped under $22,000 on Monday as the feds are scheduled to meet this week. A plethora of tokens slumped into red along with Bitcoin as the crypto market…
Voyager Digital Lawyers: FTX 100% Early Liquidity Proposal Benefits Only FTX, Not Customers
Summary: Voyager Digital lawyers submitted a court filing in response to a proposal from FTX supposedly geared toward making customers whole. FTX offered early liquidity to Voyager customers as the…
New Class Action Lawsuit Filed Against Terra, Do Kwon, and Associated Entities
Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra…
Crypto Platform Zipmex Says Its Considering A Possible Offer With “Interested Parties.”
Singapore-based Zipmex is considering a possible buyout offer Zipmex had earlier halted its withdrawals citing extreme market conditions Singapore-based cryptocurrency exchange Zipmex has tweeted a new announcement stating that it’s…
Bitcoin’s $18k Level Probably Constitutes a Bottom and Will be Retested, says Bitmex’s Hayes
Summary: Arthur Hayes has forecasted that Bitcoin’s most recent low, around $18k, could constitute a bottom. According to his analysis, a classic bottom is usually tested before a bull market…
Sam Bankman-Fried’s FTX is Reportedly Negotiating to Buy S. Korea’s Bithumb
Summary: FTX is reportedly in talks to acquire the South-Korea based Bithumb crypto exchange. The Sam Bankman-Fried-led crypto exchange was reported to be raising funds earlier this week after carrying…
Twitter Posts $270M Q2 Loss, Blames Weak Ad Market and Uncertain $44b Elon Musk Deal
Summary: Twitter has posted a $270 million quarterly loss in its first earnings report since Elon Musk expressed interest in buying the company. Twitter cites a weak ad market and…
Crypto Exchange Zipmex Resumes Withdrawals On Trading Wallet, Full Operations Remain Halted
Summary: Trading on Zipmex partially resumed today, per an update from the crypto exchange. Maintenance on the platform’s “Trading wallet” concluded on Friday and users can now leverage the feature.…
Three Arrows Capital Co-founders Su Zhu And Kyle Davies Head For Dubai Amid “Regrettable” 3AC Saga: Bloomberg
Summary: Three Arrows Capital bosses are on their way to Dubai as 3AC liquidation proceeds. Su Zhu told Bloomberg that he and Davies have received death threats and prefer to…
BlockFi Q2 Transparency Report Shows $1.8B in Outstanding Loans
BlockFi released its transparency report for Q2 2022. The platform had $1.8 billion in outstanding loans in Q2. The company is taking a number of measures to manage liquidity risks.…