In this weekly recap, we cover:
- Germany’s BTC Sale Concludes: Germany has finalized the sale of nearly 50,000 bitcoins, generating $2.88 billion.
- Mt. Gox Distributions Begin: Creditors of the defunct Mt. Gox exchange have started receiving Bitcoin and Bitcoin Cash distributions.
- Grayscale’s Ethereum ETF Fees: Grayscale Investments announced a 2.5% fee for its main spot Ethereum ETF, significantly higher than its competitors.
- State Street Explores Blockchain Initiatives: State Street is exploring blockchain-based payment settlements, including the potential creation of its own stablecoin and deposit token.
- WazirX Halts Withdrawals After $230 Million Hack: Indian crypto exchange WazirX experienced a major security breach, resulting in the theft of approximately $230 million in crypto assets.
- LI.FI Suffers $10 Million Theft: LI.FI, a DeFi protocol, experienced a hack resulting in a loss of over $10 million.
- FTX and CFTC Agree to $12.7 Billion Settlement: Bankrupt crypto exchange FTX and the U.S. Commodity Futures Trading Commission (CFTC) reached a $12.7 billion settlement.
- Dutch Court Denies Bail for Tornado Cash Developer: A Dutch court denied bail to Alexey Pertsev, the developer behind Tornado Cash, as he prepares to appeal his money laundering conviction.
- SEC Ends Investigation of Hiro Systems: The U.S. Securities and Exchange Commission (SEC) concluded its investigation into Hiro Systems without recommending enforcement action.
- Polygon Schedules MATIC to POL Token Migration: Polygon announced that the migration from MATIC to POL will occur on September 4.
