Description Contents hide 1 The sales volume of Bitcoin Ordinals went plunged to almost zero 2 Sam Bankman-Fried is heading to a Brooklyn jail notorious for poor conditions 3 SkyBridge tells SEC the time is long overdue for a spot Bitcoin ETF 4 Robert Kiyosaki predicts Bitcoin could reach 100k 5 DOJ submits new complaints against … Read more Contents hide 1 The sales volume of Bitcoin Ordinals went plunged to almost zero 2 Sam Bankman-Fried is heading to a Brooklyn jail notorious for poor conditions 3 SkyBridge tells SEC the time is long overdue for a spot Bitcoin ETF 4 Robert Kiyosaki predicts Bitcoin could reach 100k 5 DOJ submits new complaints against Sam Bankman-Fried 6 Bitcoin makes a new ATH in Argentina 7 $779 billion asset manager AB Bernstein says the approval odds for a spot Bitcoin ETF have risen 8 The Monetary Authority of Singapore (MAS) has announced a new regulatory framework for stablecoin 9 The next (7) deadlines for spot Bitcoin ETFs are all in the first week of September 10 BTC correlation with U.S. equities…

TL;DR Breakdown Auckland’s Dasset exchange faces financial turmoil, leaving clients unable to access funds due to frozen accounts and liquidation delays. Clients are surprised as Dasset freezes accounts, impacting those with substantial cryptocurrency holdings. The exchange temporarily halts withdrawals but continues Bitcoin (BTC) trading. Description Auckland-based exchange Dasset is mired in financial distress, leaving its clients grappling with frozen accounts and uncertain futures. The Herald reports today that the exchange’s precarious situation has left users with substantial holdings in limbo. The sudden freeze on their accounts has blindsided clients of Dasset as the cryptocurrency exchange prepares for liquidation. According to … Read more Auckland-based exchange Dasset is mired in financial distress, leaving its clients grappling with frozen accounts and uncertain futures. The Herald reports today that the exchange’s precarious situation has left users with substantial holdings in limbo. The sudden freeze on their accounts has blindsided clients of Dasset as the cryptocurrency exchange prepares for liquidation. According to the report, users lament losing access to tens of thousands of dollars worth of cryptocurrency. The situation highlights the vulnerabilities and challenges…

TL;DR Breakdown Salame, a former executive at FTX, is said to have plans to evade giving testimony regarding his involvement in the purported unlawful campaign contribution scheme. Salame has been documented as having donated more than $24 million to Republican campaigns. Description Ryan Salame, a former executive at FTX, is said to have plans to evade giving testimony regarding his involvement in the purported unlawful campaign contribution scheme tied to FTX. In the event of being issued a subpoena for Sam Bankman-Fried’s criminal trial, Salame, who was once a co-CEO at FTX, intends to refrain from providing … Read more Ryan Salame, a former executive at FTX, is said to have plans to evade giving testimony regarding his involvement in the purported unlawful campaign contribution scheme tied to FTX. In the event of being issued a subpoena for Sam Bankman-Fried’s criminal trial, Salame, who was once a co-CEO at FTX, intends to refrain from providing his testimony. Legal representatives advocating for Salame conveyed his unavailability as a potential witness in the case, per a motion submitted by federal prosecutors in…

TL;DR Breakdown Immutable’s zkEVM testnet, developed with Polygon Labs, offers game developers reduced costs and the security benefits of the Ethereum ecosystem. Over 20 gaming companies, including GameStop and Kongregate, support the launch, with 12 games already in development on the platform. Description The world of Web3 gaming is set to undergo a significant transformation as Immutable, a renowned Web3 gaming platform, has announced the public testing phase of its Immutable zkEVM. Developed in collaboration with Polygon Labs, this Ethereum-compatible network promises to revolutionize the gaming landscape. This development comes on the heels of Polygon’s zkEVM mainnet launch … Read more The world of Web3 gaming is set to undergo a significant transformation as Immutable, a renowned Web3 gaming platform, has announced the public testing phase of its Immutable zkEVM. Developed in collaboration with Polygon Labs, this Ethereum-compatible network promises to revolutionize the gaming landscape. This development comes on the heels of Polygon’s zkEVM mainnet launch earlier this year. Contents hide 1 A Partnership with Promising Potential 2 Games in Development: The Future of Web3 Gaming 3 Immutable’s Vision for…

TL;DR Breakdown RocketSwap Labs experienced a significant security breach on August 14, leading to a loss of $865,000. In response, the company quickly introduced an emergency recovery plan, including relaunching a new farm contract. RocketSwap Labs made an unconventional request to the hackers, asking them to return the stolen assets. Description RocketSwap Labs found itself grappling with a significant security breach on August 14, resulting in the loss of a staggering $865,000, equivalent to 471 Ether (ETH). Acting swiftly, the company unveiled its emergency recovery plan to mitigate the breach’s aftermath. The gravity of the situation prompted RocketSwap Labs to divulge their strategic maneuver: a relaunch … Read more RocketSwap Labs found itself grappling with a significant security breach on August 14, resulting in the loss of a staggering $865,000, equivalent to 471 Ether (ETH). Acting swiftly, the company unveiled its emergency recovery plan to mitigate the breach’s aftermath. The gravity of the situation prompted RocketSwap Labs to divulge their strategic maneuver: a relaunch of an entirely new farm contract, one that would be openly sourced on the blockchain. This…

TL;DR Breakdown Jim O’Neill has dismissed the idea of the emerging nations within the group establishing their currency, calling it “absurd”. O’Neill expressed his skepticism about the practicality of creating a unified currency for the five nations with vastly different economies. Description Jim O’Neill, who created the BRICS acronym as an economist at Goldman Sachs, has dismissed the idea of the emerging nations within the group establishing their currency. As Brazil, Russia, India, China, and South Africa contemplate expanding the bloc, he labeled the concept of an independent currency as “absurd.”  Looking back over the eight years … Read more Jim O’Neill, who created the BRICS acronym as an economist at Goldman Sachs, has dismissed the idea of the emerging nations within the group establishing their currency. As Brazil, Russia, India, China, and South Africa contemplate expanding the bloc, he labeled the concept of an independent currency as “absurd.”  Looking back over the eight years since he coined the term in a 2001 research note as the bank’s chief economist, O’Neill expressed his view that the BRICS coalition has yet…

TL;DR Breakdown Alex Chriss, a former senior executive at Intuit, takes over as PayPal’s CEO, succeeding Dan Schulman. PayPal introduces the PYUSD stablecoin, exemplifying its commitment to pioneering change in the digital payments landscape. Description In a significant move that underscores the evolving landscape of the financial technology sector, American multinational payments giant, PayPal, has announced the appointment of Alex Chriss as its new CEO and President. This strategic decision comes as PayPal embarks on a new journey into stablecoin issuance, marking a pivotal moment in the company’s history. Contents … Read more In a significant move that underscores the evolving landscape of the financial technology sector, American multinational payments giant, PayPal, has announced the appointment of Alex Chriss as its new CEO and President. This strategic decision comes as PayPal embarks on a new journey into stablecoin issuance, marking a pivotal moment in the company’s history. Contents hide 1 A New Leadership Era: Alex Chriss Takes Charge 2 PayPal’s Vision for the Future: Beyond Traditional Online Payments 3 The Rise of PYUSD: A Game-Changer in Digital Payments 4 Conclusion…

TL;DR Breakdown Machi Big Brother initiated a defamation lawsuit against ZachXBT over allegations of embezzling 22,000 Ethereum but recently announced the withdrawal of the suit. ZachXBT received immense community support, raising over $500,000 for his legal defense, with notable donations like 10,000 TUSD from TRON founder Justin Sun. Unused funds will be returned. Description In a surprising turn, renowned NFT whale Machi Big Brother officially withdrew his defamation lawsuit against the prominent digital currency investigator, ZachXBT. This development has sent ripples through the crypto community, with many speculating on the reasons behind this sudden change of heart. Contents hide 1 The Background: A Clash of Titans 2 The Legal … Read more In a surprising turn, renowned NFT whale Machi Big Brother officially withdrew his defamation lawsuit against the prominent digital currency investigator, ZachXBT. This development has sent ripples through the crypto community, with many speculating on the reasons behind this sudden change of heart. Contents hide 1 The Background: A Clash of Titans 2 The Legal Battle and Overwhelming Support for ZachXBT 3 Resolution and Moving Forward 4 Conclusion…

TL;DR Breakdown Binance has sought a protective injunction against the SEC’s investigative actions in court. The SEC’s discovery requests and deposition summons on August 14 have caused concern in the crypto sector. Binance reveals the SEC’s demands to disclose conversations from November 2022 on various topics. Description Binance, the leading cryptocurrency exchange, has approached the court for a protective injunction. This move directly responds to what Binance labels a “fishing expedition” by the Securities and Exchange Commission (SEC). Significantly, the SEC’s discovery requests and deposition summons, dated August 14, have raised eyebrows in the crypto community. Binance emphasized its commitment to transparency, … Read more Binance, the leading cryptocurrency exchange, has approached the court for a protective injunction. This move directly responds to what Binance labels a “fishing expedition” by the Securities and Exchange Commission (SEC). Significantly, the SEC’s discovery requests and deposition summons, dated August 14, have raised eyebrows in the crypto community. Binance emphasized its commitment to transparency, highlighting that “BAM has worked in good faith.” However, the SEC seems to hold a different view. The regulatory body…

TL;DR Breakdown BRICS, representing over 25% of global GDP, is poised to challenge the G7’s economic dominance. Over 40 countries are keen to join BRICS, reflecting its growing influence. The group’s diverse initiatives, like the New Development Bank (NDB) and digital currencies, set it apart. Description The narrative of global economic leadership is shifting. BRICS, an amalgamation of burgeoning economies that once stood on the fringes of global economic discourse, now stands toe-to-toe with the world’s economic heavyweights. Representing over a quarter of the world’s GDP, there’s rising speculation that BRICS could soon be the G7’s fiercest competitor. An Unprecedented Economic … Read more The narrative of global economic leadership is shifting. BRICS, an amalgamation of burgeoning economies that once stood on the fringes of global economic discourse, now stands toe-to-toe with the world’s economic heavyweights. Representing over a quarter of the world’s GDP, there’s rising speculation that BRICS could soon be the G7’s fiercest competitor. An Unprecedented Economic Surge BRICS, an alliance of Brazil, Russia, India, China, and South Africa, is not just a random assembly of nations; it’s…