Latest from Sam Reynolds
Cathie Wood's ARK Sells $12M Coinbase Shares as COIN Nears Yearly High
ARK currently owns 11.03 million shares of Coinbase.

First Mover Asia: Crypto Market Is on ‘Standby’ as Release of June Inflation Data Nears
PLUS: Chinese Yuan-backed stablecoins are an impossibility.

China Should Consider Yuan-Backed Stablecoins Instead of CBDCs, Circle's Allaire Says
Circle CEO Jeremy Allaire touted the advantages of stablecoins over central bank digital currencies (CBDC), in an interview with South China Morning Post.

First Mover Asia: Individual Wallets Holding 1 Bitcoin Hit All-Time High as BTC Maintains $30K
PLUS: Binance.US has a free money problem, but there's not enough trust in the platform to exploit it.

First Mover Asia: Bitcoin Opens Week Defending $30K Support Level
PLUS: The dYdX Foundation's Charles d'Haussy says that dYdX's move away from Ethereum might be the beginning of a broader trend.

Sega Rethinks GameFi Plans, COO Calls Blockchain Gaming 'Boring': Bloomberg
Sega earlier promised it would carefully assess play-to-earn gaming models and NFTs to make sure its efforts in the space weren’t seen as “simply money making.”

Binance CEO 'CZ' Brushes Off News of Top Executive Departures
Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that left the company, reportedly over the exchange's handling of DOJ investigations.

Celsius, Ex-CEO Alex Mashinsky Broke CFTC Rules: Bloomberg
CFTC could bring a case against Celsius by the end of the month, if its commissioners agree with the findings.

CryptoQuant Parent Raises $6.5M Round Led by Atinum Investment
The latest round brings the company's total capital raise to $9 million.

First Mover Asia: Bitcoin Near $30K Remains Unmoved by BlackRock CEO Comments, Hawkish FOMC Minutes
PLUS: A candidate to become Thailand's next Prime Minister owns bitcoin, ether, BNB and ADA. Here's why the disclosure by Pita Limjaroenrat matters.

