TL;DR Breakdown Alexander Mashinsky, the founder and former chief executive of bankrupt crypto lender Celsius, has recently been granted bail by a U.S. District Judge. Mashinsky will be prohibited from traveling and will be unable to open new bank or cryptocurrency accounts.  This arrest and subsequent bail arrangement are part of a coordinated effort by various entities, including the Department of Justice, the Federal Trade Commission, and federal securities and commodities regulators. Description Alexander Mashinsky, the founder and former chief executive of bankrupt crypto lender Celsius, has recently been granted bail by a U.S. District Judge. The bail amount has been set at a staggering $40 million following his arrest on Thursday on charges of fraud. According to court documents, Mashinsky has pleaded not guilty to seven counts, … Read more Alexander Mashinsky, the founder and former chief executive of bankrupt crypto lender Celsius, has recently been granted bail by a U.S. District Judge. The bail amount has been set at a staggering $40 million following his arrest on Thursday on charges of fraud. According to court documents, Mashinsky has…

TL;DR Breakdown The overall digital asset market surged, showing the end of the worst crypto winter in the history of the DeFi market. BTC traded close to $32,000, while the global crypto market cap now sits at  $1.3 trillion amid the XRP win against the SEC. The collapse of FTX nailed the last nail and ushered in the crypto winter. Up to date, FTX and SBF continue to make headlines. Description After a prolonged period of uncertainty, bankruptcies, and regulatory ambiguity, the crypto winter seems to be nearing its end. Recent developments in the regulatory landscape have brought a near close to the worst crypto winter in the DeFi market history. On Friday, cryptocurrencies were testing year highs as a number of positive regulatory and investor … Read more After a prolonged period of uncertainty, bankruptcies, and regulatory ambiguity, the crypto winter seems to be nearing its end. Recent developments in the regulatory landscape have brought a near close to the worst crypto winter in the DeFi market history. On Friday, cryptocurrencies were testing year highs as a number of…

TL;DR Breakdown Eleanor Hughes, an accomplished legal professional with a stellar track record, has been appointed as Binance’s new General Counsel, a position where she’ll manage the company’s global legal affairs. Hughes will focus on collaboration with global regulators and policymakers, aiming to ensure consumer protection while promoting the growth and innovation of technology in the Web3 industry. Description In an exciting announcement, Binance, the world’s leading cryptocurrency exchange, declared the promotion of Eleanor Hughes to the position of General Counsel. An industry leader, Binance recognizes the immense expertise and drive Hughes brings to the table, boosting their continuous commitment to ethical global development within the evolving Web3 industry. Hughes will now guide Binance’s … Read more In an exciting announcement, Binance, the world’s leading cryptocurrency exchange, declared the promotion of Eleanor Hughes to the position of General Counsel. An industry leader, Binance recognizes the immense expertise and drive Hughes brings to the table, boosting their continuous commitment to ethical global development within the evolving Web3 industry. Hughes will now guide Binance’s legal affairs on a global scale, working hand…

TL;DR Breakdown Steven Kinard, Director of Bitcoin mining analytics at the Texas Blockchain Council, is running for the Texas House of Representatives. Kinard plans to advocate for digital freedom and resist the Federal Reserve’s exploration of a central bank digital currency (CBDC). Description Steven Kinard, the Director of Bitcoin mining analytics at the Texas Blockchain Council (TBC), has declared his candidacy for the Texas House of Representatives. Running for the Republican Party nomination in District 70, which covers the Dallas-Fort Worth area, Kinard aims to bring his expertise in blockchain technology and his advocacy for digital freedom to … Read more Steven Kinard, the Director of Bitcoin mining analytics at the Texas Blockchain Council (TBC), has declared his candidacy for the Texas House of Representatives. Running for the Republican Party nomination in District 70, which covers the Dallas-Fort Worth area, Kinard aims to bring his expertise in blockchain technology and his advocacy for digital freedom to the forefront of Texas politics. If successful in the primaries and subsequent general election, Kinard will serve a two-year term starting in 2025. His…

TL;DR Breakdown UK lawmakers are debating whether the Online Safety Bill should cover activities in the metaverse to protect children and vulnerable individuals from harmful content. The proposed legislation would extend regulatory measures to virtual environments, addressing potential risks like harassment and privacy violations. Description In a recent session of the UK Parliament, members of the House of Lords engaged in a lively discussion concerning the scope of the Online Safety Bill and its potential application to the metaverse. The lawmakers expressed concerns about protecting children and vulnerable individuals from harmful content that they may encounter in virtual environments. Many … Read more In a recent session of the UK Parliament, members of the House of Lords engaged in a lively discussion concerning the scope of the Online Safety Bill and its potential application to the metaverse. The lawmakers expressed concerns about protecting children and vulnerable individuals from harmful content that they may encounter in virtual environments. Many emphasized the importance of including the metaverse within the bill’s regulatory framework, aiming to address the potential risks associated with this emerging…

TL;DR Breakdown New York’s Congressman Ritchie Torres has called for an investigation into the SEC for its “haphazard and heavy-handed approach to digital assets.” Torress calls into question the politics behind the registration process approval for Prometheum, a special-purpose broker-dealer license. The Congressman asks SEC Inspector General Deborah Jeffrey to look into the  “unusual backroom deal” that resulted in Prometheum being awarded a power that no other crypto exchange has yet obtained.  6 Republican senators sent a letter to the DoJ and the SEC, asking the agencies to look into Prometheum’s alleged ties with China. Description According to two letters made public on Thursday, Congressman Ritchie Torres has asked for two separate independent investigations into the United States Securities and Exchange Commission (SEC) for its “haphazard and heavy-handed approach to digital assets.” The representative accuses Gensler of “politicizing” the registration process by approving Prometheum’s special purpose broker-dealer license. New York Congressman … Read more According to two letters made public on Thursday, Congressman Ritchie Torres has asked for two separate independent investigations into the United States Securities and Exchange Commission…

TL;DR Breakdown KuCoin experiences impressive 26% year-over-year user base growth, serving over 29 million registered users. Latin America drives significant expansion for KuCoin, with growth also seen in Europe, the Middle East, Africa, and Asia. KuCoin’s trading volume surpasses $1 trillion, reflecting strong demand and widespread interest in cryptocurrencies. Description KuCoin, a prominent cryptocurrency exchange, continues to thrive despite challenging market conditions, demonstrating an exceptional first-half performance in 2023. Despite the cryptocurrency market’s volatility, KuCoin has achieved significant growth, boasting a 26% year-over-year increase in its user base. The exchange now proudly serves over 29 million registered users, with the Latin American (LATAM) region driving … Read more KuCoin, a prominent cryptocurrency exchange, continues to thrive despite challenging market conditions, demonstrating an exceptional first-half performance in 2023. Despite the cryptocurrency market’s volatility, KuCoin has achieved significant growth, boasting a 26% year-over-year increase in its user base. The exchange now proudly serves over 29 million registered users, with the Latin American (LATAM) region driving most of this expansion. Europe, the Middle East, Africa, and Asia have also experienced substantial growth compared…

TL;DR Breakdown Coinbase and Gemini are considering listing Ripple’s XRP token following a U.S. federal court ruling that declared the sale of XRP on exchanges and through algorithms does not constitute investment contracts. Coinbase plans to restart XRP trading on the XRP network, while Gemini is exploring the listing of XRP for both spot and derivatives trading. The court ruling has significantly impacted XRP’s price, with the token surging over 77% and experiencing increased trading volume, reflecting the positive sentiment surrounding XRP following the resolution of the Ripple v. SEC case. Description Following a recent ruling in the Ripple v. SEC case, which determined that XRP does not qualify as a security, major cryptocurrency exchanges Coinbase and Gemini have expressed interest in relisting and listing XRP, respectively. The court’s decision has sparked a surge in XRP’s price and renewed attention from prominent exchanges. Coinbase, in a tweet … Read more Following a recent ruling in the Ripple v. SEC case, which determined that XRP does not qualify as a security, major cryptocurrency exchanges Coinbase and Gemini have expressed interest in…

TL;DR Breakdown The broader crypto market has turned green following Ripple’s XRP court ruling against the SEC. Bitcoin price sits at $31,600 while altcoins like Solana and Cardano lead in recovery. The shares of Coinbase Global Inc. rose as much as 18% to $101.31 Ethereum trades past $2,000 for the first time in weeks. Description Crypto coins rose as digital-asset enthusiasts hailed a federal judge’s decision in the US Securities and Exchange Commission’s lawsuit against Ripple Labs Inc. as a victory for the industry when it comes to what constitutes a security. Today, the broader crypto market is showing green almost across the board. Crypto markets turn green XRP, the … Read more Crypto coins rose as digital-asset enthusiasts hailed a federal judge’s decision in the US Securities and Exchange Commission’s lawsuit against Ripple Labs Inc. as a victory for the industry when it comes to what constitutes a security. Today, the broader crypto market is showing green almost across the board. Crypto markets turn green XRP, the coin at the heart of the controversy, has risen by up close…

TL;DR Breakdown Coinbase’s Base mainnet enhances transaction speed and cost efficiency on Layer 2. Base utilizes Optimism’s OP Stack to offer faster and more affordable transactions. Rigorous security measures were implemented for the Base’s mainnet release. Description San Francisco-based cryptocurrency firm Coinbase has announced that developers can now access the mainnet for Base, a Layer 2 network, to enhance transaction speed and cost efficiency. The project, backed by Coinbase and set to be publicly launched in early August, recently transitioned from its testnet phase to provide developers with the tools necessary for … Read more San Francisco-based cryptocurrency firm Coinbase has announced that developers can now access the mainnet for Base, a Layer 2 network, to enhance transaction speed and cost efficiency. The project, backed by Coinbase and set to be publicly launched in early August, recently transitioned from its testnet phase to provide developers with the tools necessary for app deployment. Built on Optimism’s OP Stack software stack, Base introduces a roll-up network that performs off-chain calculations, resulting in faster and more affordable transactions without compromising the mainnet’s security….