Business
The crypto exchange released its Q2 financials on Thursday and acknowledged lower spot trading volumes but also celebrated achieving better crypto regulatory clarity and becoming the crypto ETF custodian of choice.
Tether’s attestation report disclosed the stablecoin issuer made $5.2 billion in profit in the first half of the year, and owns $97.6 billion worth of US Treasuries.
The Mt. Gox Trustee said 17,000 creditors have successfully been repaid through designated crypto exchanges in July.
Bitcoin
With the price of bitcoin rebounding from its recent low of around $54,000 to roughly $66,500 at presstime, outflows from miners have decreased.
DeFi
Starknet faces significant challenges with STRK hitting an all-time low and TVL and usage declining.
Solana
Following its mainnet rollout in February 2024, Pump.Fun’s revenue has increased with each successive month.
Regulation
The SEC said in a new filing in its case against Binance that it plans to abandon charges that “third-party tokens” should be considered unregistered securities. But just how meaningful is the SEC’s apparent change of heart?
An attacker took advantage of an IBC hooks vulnerability flagged in April to exploit the Terra blockchain.
The ZKX team said the decision to halt operations was partly due to low user engagement, while the current value of its token wouldn’t be able to sustain the protocol.
Former President Donald Trump promised he would fire Gary Gensler on “day 1” if he wins, but could he actually fire the head of the SEC? And for that matter, can Vice President Harris do it now?
