The legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the firm from the SEC’s “fishing expedition” during discovery. A federal judge overseeing the civil case between the United States Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance, Binance.US and Binance CEO Changpeng...Continue Reading

The SwirlLend scam is the second in as many days, and losses on the platform have already mounted into the millions, one week after it opened to users. Base, Coinbase’s new layer 2, has been fully operational for a week and has already seen an influx of bad actors. In the latest incident, crypto lender...Continue Reading

NFT project y00ts will return the $3 million it received from Polygon Labs and transfer to Ethereum. In this week’s newsletter, read about CBS Studios’ receiving approval for Star Trek NFT trademarks, check out how FC Barcelona acquired investment for its nonfungible token (NFT) initiative, and find out why NFT project y00ts is bridging to...Continue Reading

SpiritSwap previously had its entire treasury drained due to the ongoing Multichain exploit. SpiritSwap, a decentralized exchange (DEX) on Fantom, will no longer shut its doors in September after having treasury funds stuck on troubled cross-chain protocol Multichain. In an Aug. 16 community vote, SpiritSwap users passed a resolution to transfer the project to Power,...Continue Reading

The Ethereum co-founder said the algorithm behind X’s tool to rate content as helpful and provide context was “surprisingly close to satisfying the ideal of credible neutrality.” Ethereum co-founder Vitalik Buterin has offered an analysis of the Community Notes tool from X — formerly Twitter — comparing the feature to an example of “crypto values”...Continue Reading

Asset management firm Valkyrie has filed for an Ether futures ETF with the U.S. Securities and Exchange Commission on August 16. Asset management firm Valkyrie has filed for an Ether (ETH) futures exchange-traded fund (ETF) with the United States Securities and Exchange Commission. According to documents on August 16, the application is an addition to...Continue Reading

1,005 BTC valued at $29 million have been moved from an old Bitcoin wallet after 13 years, drawing parallels to recent dormant BTC movements. A Bitcoin (BTC) wallet containing 1,005 BTC mined in 2010 has reawakened, with an anonymous user moving the long dormant coins to new addresses in a number of different transactions. Speaking...Continue Reading

OPNX CEO Leslie Lamb and executives Kyle Davies, Su Zhu and Mark Lamb were all issued a $58,000 fine for violating marketing regulations in the emirate. The founders of the collapsed digital asset hedge fund Three Arrows Capital (3AC) Kyle Davies and Su Zhu are now facing a fine issued by Dubai’s dedicated crypto regulator...Continue Reading

Participants in the round include Blockchain.com, Sky9 Capital, Jane Street Capital, VistaLabs, Human Capital, VY Capital, CMT Digital, among other investors. Layer-1 network ZetaChain has secured $27 million to support its chain-agnostic platform, according to an announcement on Aug. 16. Participants in the round include Blockchain.com, Human Capital, VY Capital, Sky9 Capital, Jane Street Capital,...Continue Reading

The U.S. and Australia are considering banning ransomware payments, but will it solve the problem, or harm people and destroy businesses? A successful cyberattack on critical infrastructure such as electricity grids, transportation networks or healthcare systems could cause severe disruption and put lives at risk.  Our understanding of the threat is far from complete since...Continue Reading