TL;DR Breakdown The listing on Realtor.com has been updated to reflect that the property is now “contingent,” indicating that an offer has been accepted, but the transaction is not yet finalized. The townhouse, located near the U.S. Capitol building, was reportedly owned by Guarding Against Pandemics, a nonprofit organization established by Gabriel Bankman-Fried, Sam Bankman-Fried’s brother. As FTX collapsed and criminal charges were brought against Sam Bankman-Fried, U.S. authorities initiated investigations into assets connected to the cryptocurrency exchange and its former CEO. Description There is speculation surrounding the potential sale of a property in Washington D.C.’s Capitol Hill neighborhood, which was previously associated with the defunct cryptocurrency exchange FTX and its former CEO, Sam Bankman-Fried. The listing on Realtor.com has been updated to reflect that the property is now “contingent,” indicating that an offer has been accepted, but … Read more There is speculation surrounding the potential sale of a property in Washington D.C.’s Capitol Hill neighborhood, which was previously associated with the defunct cryptocurrency exchange FTX and its former CEO, Sam Bankman-Fried. The listing on Realtor.com has been updated…

TL;DR Breakdown Delio, a prominent South Korean crypto lending platform, has announced that it will resume withdrawals after temporarily suspending them. Delio’s CEO, Jung Sang-ho mentioned that the withdrawals would be processed in phases. Delio had entrusted a significant portion of its clients’ funds to another South Korean crypto yield platform called Haru Invest. Haru Invest made headlines on June 13 when it suspended both deposits and withdrawals. Description According to a recent report from Decenter, a local news outlet, Delio, a prominent South Korean crypto lending platform, has announced that it will resume withdrawals after temporarily suspending them on June 14. However, the platform has not provided a fixed schedule for the withdrawals.  In a meeting held with investors on June 17, Delio’s … Read more According to a recent report from Decenter, a local news outlet, Delio, a prominent South Korean crypto lending platform, has announced that it will resume withdrawals after temporarily suspending them on June 14. However, the platform has not provided a fixed schedule for the withdrawals.  In a meeting held with investors on June…

TL;DR Breakdown Lawmakers in the upper house of the UK Parliament are pushing forward with legislation that aims to support the adoption of cryptocurrencies in the country.  The legislation will now return to the lower house, the House of Commons, where representatives can review any proposed changes put forth by the upper house. The most recent amendments made by the House of Lords did not appear to introduce any changes directly relevant to the cryptocurrency industry. Description Lawmakers in the upper house of the United Kingdom’s Parliament are pushing forward with legislation that aims to support the adoption of cryptocurrencies in the country. During a meeting on June 19, members of the U.K. Parliament’s House of Lords expressed their support for the Financial Services and Markets Bill, which seeks to strengthen the … Read more Lawmakers in the upper house of the United Kingdom’s Parliament are pushing forward with legislation that aims to support the adoption of cryptocurrencies in the country. During a meeting on June 19, members of the U.K. Parliament’s House of Lords expressed their support for the…

TL;DR Breakdown Pro-XRP lawyer John Deaton challenges the SEC’s justification for treating secondary XRP sales as securities. Deaton argues that the SEC fails to apply the Howey Test to each transaction and claims that secondary XRP sales do not qualify as securities. He references the 2nd Circuit, stating that securities law does not apply when a purchaser intends to use or consume the purchased item. The Ripple vs SEC lawsuit is expected to reach a verdict soon, with Ripple hopeful for a positive outcome by the end of the year. Description In a recent development surrounding the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC), John Deaton, a prominent lawyer and founder of CryptoLaw, has boldly challenged the SEC’s stance on the classification of secondary XRP sales as securities. Deaton argues that the SEC fails to provide sufficient justification for … Read more In a recent development surrounding the ongoing legal battle between Ripple and the United States Securities and Exchange Commission (SEC), John Deaton, a prominent lawyer and founder of CryptoLaw, has boldly…

TL;DR Breakdown Slovakia’s parliament has passed an amendment to its constitution codifying the right of citizens to use cash as a method of payment. The legislation was introduced as a precautionary measure against the proposed digital euro. The amendment also strengthens the rights of shopkeepers, allowing them to refuse cash payments and accommodate card-only vending machines. Description In a move to safeguard financial sovereignty and protect citizens’ payment options, Slovakia’s parliament has passed a groundbreaking amendment to its constitution, officially codifying the right of its citizens to use cash as a method of payment. The legislation, sponsored by the “We Are Family” party, aims to counteract the potential implementation of a digital … Read more In a move to safeguard financial sovereignty and protect citizens’ payment options, Slovakia’s parliament has passed a groundbreaking amendment to its constitution, officially codifying the right of its citizens to use cash as a method of payment. The legislation, sponsored by the “We Are Family” party, aims to counteract the potential implementation of a digital euro and strengthen the rights of shopkeepers in the country….

TL;DR Breakdown CryptoPunk #8611 burned and tied to Ordinals Inscription. The new trend highlights Bitcoin’s role in the NFT space. Description In a striking and symbolic move, a valuable Ethereum-based non-fungible token (NFT) from one of Web3’s prominent PFP (Profile Picture) collections, CryptoPunks, has been permanently removed from circulation and linked to an Ordinals inscription on the Bitcoin network. The burning of CryptoPunk #8611, which was sold for approximately 55 Ethereum or $95,000, garnered attention as … Read more In a striking and symbolic move, a valuable Ethereum-based non-fungible token (NFT) from one of Web3’s prominent PFP (Profile Picture) collections, CryptoPunks, has been permanently removed from circulation and linked to an Ordinals inscription on the Bitcoin network. The burning of CryptoPunk #8611, which was sold for approximately 55 Ethereum or $95,000, garnered attention as a group of Bitcoin enthusiasts celebrated the costly endeavor. CryptoPunk #8611 tied to Ordinals Inscription The decision to burn CryptoPunk #8611 was driven by the community and facilitated by Nathan Stein, a developer from Wolf Capital, who announced the initiative on Twitter. Holders of Bitcoin Bandits,…

TL;DR Breakdown Twitter has suspended the account of the popular memecoin-linked AI-powered bot after Elon Musk claimed it was a fraudulent crypto account. The bot was linked to the ERC-20 memecoin BOB, which was launched in April 2023. It is important to point out that Elon Musk has before tweeted shill BOB. Description Controversies and scandals are often brewing in the lightning-fast world of crypto. Elon Musk, the influential CEO of Tesla and SpaceX, is behind the newest upheaval, which involves Twitter suspending a memecoin-linked AI bot.  The incident demonstrates how influential and powerful social media can be in the Bitcoin industry, where even a single tweet can … Read more Controversies and scandals are often brewing in the lightning-fast world of crypto. Elon Musk, the influential CEO of Tesla and SpaceX, is behind the newest upheaval, which involves Twitter suspending a memecoin-linked AI bot.  The incident demonstrates how influential and powerful social media can be in the Bitcoin industry, where even a single tweet can cause widespread disruption. Dive into the depths of this exciting story with me. Twitter…

TL;DR Breakdown The Governor of the Bank of France has drummed his support for the MiCA 2 regulation. The new regulation will bridge various regulatory gaps. Description In a speech delivered at the Vivatech technology conference in Paris, Francois Villeroy de Galhau, the Governor of the Bank of France, emphasized the necessity of international collaboration to regulate crypto conglomerates. The Bank of France Governor stressed that it is insufficient to regulate individual entities within a single jurisdiction, using U.S. crypto companies as … Read more In a speech delivered at the Vivatech technology conference in Paris, Francois Villeroy de Galhau, the Governor of the Bank of France, emphasized the necessity of international collaboration to regulate crypto conglomerates. The Bank of France Governor stressed that it is insufficient to regulate individual entities within a single jurisdiction, using U.S. crypto companies as an example. These companies often operate through multiple legal entities in various jurisdictions, highlighting the need for a coordinated global approach to regulation. Bank of France governor wants MiCA 2 regulation While acknowledging that the European Union (EU) has made…

TL;DR Breakdown Malaysia and China are collaborating on a project to use AI and blockchain to improve cross-border trade. The collaboration includes Zetrix, Universiti Malaya, and China Academy of Information and Communications Technology under China’s G2G program. The project aims to boost trade efficiency and security; Zetrix recently launched a service that verifies online interactions between humans and AI agents. Description Malaysia and China have set the stage for a new era of technological advancement. The two nations are combining forces to pioneer the integration of Artificial Intelligence (AI) and blockchain technology to enhance cross-border trade processes. The alliance, which is part of an ongoing intergovernmental research initiative, symbolizes a significant stride in international cooperation in … Read more Malaysia and China have set the stage for a new era of technological advancement. The two nations are combining forces to pioneer the integration of Artificial Intelligence (AI) and blockchain technology to enhance cross-border trade processes. The alliance, which is part of an ongoing intergovernmental research initiative, symbolizes a significant stride in international cooperation in AI research. A tripartite fusion: Zetrix,…

TL;DR Breakdown Digital asset creation and trade are now easier on Ethereum. The word “Ethscriptions” refers to Ordinals’ “Inscriptions” initiative on the Bitcoin network. Nearly 30,000 Ethscriptions were made in less than 18 hours. Any data can be added to the Ethereum blockchain using Ethscriptions. Description A new protocol has been implemented on Ethereum that facilitates the making and trading of digital assets. The name “Ethscriptions” obviously alludes to a similar project by Ordinals called “Inscriptions,” which was deployed on the Bitcoin network. Ethscriptions on the Ethereum network are one of the many fascinating innovations in blockchain technology. Ethscriptions takes its … Read more A new protocol has been implemented on Ethereum that facilitates the making and trading of digital assets. The name “Ethscriptions” obviously alludes to a similar project by Ordinals called “Inscriptions,” which was deployed on the Bitcoin network. Ethscriptions on the Ethereum network are one of the many fascinating innovations in blockchain technology. Ethscriptions takes its cue from Bitcoin’s inscriptions and wants to transform how we interact with digital services through a decentralized subscription model.  Ethscriptions, which…