TL;DR Breakdown Coca-Cola has launched a new NFT collection named “Masterpiece” on Coinbase’s Base, an Ethereum Layer 2 network. The collection consists of eight NFTs, priced between 0.0011 ETH and 0.014 ETH, with some trading below their original price on OpenSea. Coca-Cola previously ventured into NFTs, raising over $575,000 for charity in July 2021 and releasing 136 collectibles for Pride Month in 2022. Description Coca-Cola has unveiled its latest venture into the digital realm. The beverage giant has launched a new collection of NFTs titled “Masterpiece.” This collection, available on Base, Coinbase‘s Ethereum Layer 2 network, blends historical and contemporary art pieces. Significantly, this move is part of Coinbase’s multi-week “Onchain Summer” initiative, which began on August 9. Historical … Read more Coca-Cola has unveiled its latest venture into the digital realm. The beverage giant has launched a new collection of NFTs titled “Masterpiece.” This collection, available on Base, Coinbase‘s Ethereum Layer 2 network, blends historical and contemporary art pieces. Significantly, this move is part of Coinbase’s multi-week “Onchain Summer” initiative, which began on August 9. Historical meets contemporary in…

TL;DR Breakdown The Zunami Protocol, a prominent player in the realm of decentralized finance (DeFi), recently issued a cautionary advisory to its user base, urging them to refrain from acquiring its Zunami Ether (zETH) and Zunami USD (UZD) stablecoins. According to estimations made by PeckShield, a reputable blockchain security firm, the pilferage amounted to a staggering $2.1 million.  One of its primary hubs for this activity lies within the Curve platform. Description The Zunami Protocol, a prominent player in the realm of decentralized finance (DeFi), recently issued a cautionary advisory to its user base, urging them to refrain from acquiring its Zunami Ether (zETH) and Zunami USD (UZD) stablecoins. This advisory came in the wake of a concerning incident that unfolded within the protocol’s ecosystem – an … Read more The Zunami Protocol, a prominent player in the realm of decentralized finance (DeFi), recently issued a cautionary advisory to its user base, urging them to refrain from acquiring its Zunami Ether (zETH) and Zunami USD (UZD) stablecoins. This advisory came in the wake of a concerning incident that unfolded within…

TL;DR Breakdown John Reed Stark, a former chief of the SEC Office of Internet Enforcement, took to Twitter on August 13 to postulate that the regulatory landscape for cryptocurrencies could undergo a substantial transformation if a Republican candidate were to secure the presidency. Stark underscored the deepening divide within the SEC and broader US political landscape when it comes to cryptocurrency regulation. Description A dramatic shift in the approach to cryptocurrency enforcement by the United States securities regulator, the SEC, might be on the horizon, contingent upon the outcome of the crucial 2024 US election, according to statements by former SEC official John Reed Stark. Stark, a former chief of the SEC Office of Internet Enforcement, took to … Read more A dramatic shift in the approach to cryptocurrency enforcement by the United States securities regulator, the SEC, might be on the horizon, contingent upon the outcome of the crucial 2024 US election, according to statements by former SEC official John Reed Stark. Stark, a former chief of the SEC Office of Internet Enforcement, took to Twitter on August 13…

TL;DR Breakdown   South Korea’s top digital asset exchange, Upbit, is set to introduce SEI trading, expanding its portfolio and catering to its global users. The Sei Network is the only platform that supports SEI deposits, distinguishing it from other networks like BSC. Upbit has scheduled the commencement of SEI deposits and withdrawals for August 15th, 2023, at 21:00 KST. Description Upbit, South Korea’s leading global digital asset exchange, has announced its plans to introduce SEI trading. This decision comes as the exchange seeks to diversify its trading portfolio and cater to the evolving needs of its global clientele. Consequently, the Korean Won and Bitcoin (BTC) markets are set to welcome a new entrant, SEI. Moreover, … Read more Upbit, South Korea’s leading global digital asset exchange, has announced its plans to introduce SEI trading. This decision comes as the exchange seeks to diversify its trading portfolio and cater to the evolving needs of its global clientele. Consequently, the Korean Won and Bitcoin (BTC) markets are set to welcome a new entrant, SEI. Moreover, the Sei Network is the sole…

TL;DR Breakdown Bankman-Fried’s journey into the Brooklyn Metropolitan Detention Center (MDC) commenced after Judge Lewis Kaplan revoked his bail during a hearing on August 11. Awaiting his impending criminal trial, former FTX CEO faces the prospect of spending a minimum of two months within the MDC’s confines.   Description Former FTX CEO Sam Bankman-Fried (SBF) finds himself in an unexpected and starkly contrasting situation. From the opulent surroundings of his parents’ multi-million dollar five-bedroom estate in Stanford, he now faces a drastically different reality – residing in the Brooklyn Metropolitan Detention Center (MDC), one of New York’s infamous correctional facilities. Bankman-Fried’s journey into the … Read more Former FTX CEO Sam Bankman-Fried (SBF) finds himself in an unexpected and starkly contrasting situation. From the opulent surroundings of his parents’ multi-million dollar five-bedroom estate in Stanford, he now faces a drastically different reality – residing in the Brooklyn Metropolitan Detention Center (MDC), one of New York’s infamous correctional facilities. Bankman-Fried’s journey into the MDC commenced after Judge Lewis Kaplan revoked his bail during a hearing on August 11. Characterizing the MDC as…

TL;DR Breakdown Javier Milei, an Argentinian politician with a penchant for supporting Bitcoin and advocating for the abolition of his country’s central bank, has assumed the lead in the country’s presidential primaries. Javier Milei does not advocate for Bitcoin to be used as legal tender in Argentina, as it has in El Salvador. Instead, Milei advocates for the “dollarization” of the economy. Javier Milei is an anarcho-capitalist who calls for the abolition of Argentina’s central bank, labeling it a “scam.”  Description Libertarian candidate Javier Milei, who has advocated for the abolition of the central bank and spoken favorably of Bitcoin, was in the lead in Argentina’s presidential primary election on Sunday. With 84% of the votes counted, Javier Milei of the “La Libertad Avanza” (Freedom Advances) party had 30.73% of the vote, compared to candidates from … Read more Libertarian candidate Javier Milei, who has advocated for the abolition of the central bank and spoken favorably of Bitcoin, was in the lead in Argentina’s presidential primary election on Sunday. With 84% of the votes counted, Javier Milei of the “La…

Description In the ever-evolving world of cryptocurrencies, a titan emerges with yet another bold move. PayPal, known for its disruptive and innovative strategies, reveals its latest card in the game – the “Cryptocurrencies Hub.” Now, if you’ve been keeping an eye on the digital wallet giant’s movements, you’d know that their dive into the crypto world … Read more In the ever-evolving world of cryptocurrencies, a titan emerges with yet another bold move. PayPal, known for its disruptive and innovative strategies, reveals its latest card in the game – the “Cryptocurrencies Hub.” Now, if you’ve been keeping an eye on the digital wallet giant’s movements, you’d know that their dive into the crypto world isn’t new. However, this latest play is bound to stir up some waters in the industry. Cryptocurrencies Hub: A Leap or a Stumble for PayPal? In a time when every other tech firm seems to be throwing their hat into the crypto ring, PayPal’s Cryptocurrencies Hub offers its users an integrated experience. From Bitcoin to the recently launched stablecoin PayPal USD (PYUSD), users can now do…

TL;DR Breakdown U.S. recognizes the interconnectedness of national and economic security. White House issues order to limit tech investments in China. Focus is on expertise transfer, not just capital. Description For years, the U.S. operated under a seemingly clear distinction: national security was one pillar, and economic stability was another. Yet, the blurring lines between economic and national interests now challenge this compartmentalized view. The United States is waking up to a reality that other major players, particularly China, have recognized for a long time: … Read more For years, the U.S. operated under a seemingly clear distinction: national security was one pillar, and economic stability was another. Yet, the blurring lines between economic and national interests now challenge this compartmentalized view. The United States is waking up to a reality that other major players, particularly China, have recognized for a long time: national security and economic security are two sides of the same coin. The Tech Split and Its Underlying Motives When it comes to technological prowess, China’s relentless march forward has not gone unnoticed in the West. With…

TL;DR Breakdown SEC delays decision on Bitcoin ETFs, fueling anticipation. BlackRock’s entry into the ETF race is notable, but SEC remains cautious. Advocates argue Bitcoin ETFs can bridge crypto and traditional finance. Despite optimism, SEC has history of concerns over fraud and market manipulation. Description In an era where cryptocurrencies relentlessly demand global attention, the recent non-decision by the SEC regarding Bitcoin ETFs further fuels the anticipation and sets the stage for more filings. This move could be seen as an unsurprising trademark action by the regulatory body, but its implications echo with impact. A Bitter Pill to Swallow Yet … Read more In an era where cryptocurrencies relentlessly demand global attention, the recent non-decision by the SEC regarding Bitcoin ETFs further fuels the anticipation and sets the stage for more filings. This move could be seen as an unsurprising trademark action by the regulatory body, but its implications echo with impact. A Bitter Pill to Swallow Yet Again When one thinks of the crypto domain, especially Bitcoin, visions of revolutionary finance might dance before one’s eyes. Yet, the financial…

TL;DR Breakdown Coinbase gets strong legal backing against the SEC’s claims. SEC’s definition of “investment contract” is seen as too broad. Top legal experts and institutions question SEC’s interpretation. Description The tides are turning against the SEC as Coinbase, the renowned crypto exchange, faces legal scrutiny. With the crypto giant backed by a deluge of amicus briefs, the message is clear. It’s a formidable challenge to question the boundaries of an ‘investment contract’ when dealing with digital assets. Now, everyone’s waiting for the SEC’s next … Read more The tides are turning against the SEC as Coinbase, the renowned crypto exchange, faces legal scrutiny. With the crypto giant backed by a deluge of amicus briefs, the message is clear. It’s a formidable challenge to question the boundaries of an ‘investment contract’ when dealing with digital assets. Now, everyone’s waiting for the SEC’s next play. Why Legal Experts Are Calling the SEC Out Coinbase, a flagship in the crypto trading world, came under fire when the SEC claimed it failed to register with them. The crux? The SEC believes certain digital…