Legal
Mining
SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
The CEO fears a contagion could spread from crypto mining companies with loans collateralized with their mining rigs that have since dropped in value.
Stablecoins
Tether reducing commercial paper holdings down to $3.5 billion by end-July
The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.
Regulation
Biden administration official hints at stablecoin legislation that could come into force this year
According to the official, the President's Working Group on Financial Markets are actively exploring the space and looking to have the law come into force by the end of this year
Exchanges
Solana token holders can now earn staking rewards on Coinbase
Through Coinbase's staking service, Solana token holders will be able to earn rewards, being able to opt out of the service anytime
Regulation
E.U. moves further in its crypto regulation
The TOFR rules introduces mandatory KYC rules for crypto-asset service providers. E.U. lawmakers say TOFR will end the "unregulated crypto wild west."
Adoption
CAR’s President announces crypto-hub “Sango” launch date
When launched, the crypto hub is expected to drive tokenization of the Central African Republic mineral resources and pave way for economic growth.
Exchanges
FTX debunks rumors of M&A conversations with Robinhood
Crypto exchange FTX denied a Bloomberg News report that claimed the company was in discussions with Robinhood but had yet to make an offer.
Enterprise
Banxa to layoff 30% of workforce to shelter the “crypto winter”
Terming the move "measures of a response management" Banxa joins the list of companies laying off part of its workforce in this current "crypto winter" to save over $10 million per year.
Regulation
France facing backlash for Binance regulatory approval, French MEP called the move “surprising and worrying”
French MEP Aurore Lalucq appealed to the French market regulator to review its decision to approve Binance's operations in France
Hacks
Harmony announces a $1 million bounty for Horizon bridge stolen funds recovery
The network in addition to the bounty promised to advocate for no criminal charges against the hacker. What are the chances of the recovery?
Partnerships
NHL enters the NFT space partnering with Marketplace Sweet
The NHL partnership with Sweet will offer a variety of digital collectible experiences to its fans, tradable in the marketplace
DeFi
What Lido staking dominance may mean for Ethereum’s future
The Ethereum community has raised fears of lido staking dominance leading to centralization. What does that mean for ETH 2.0?
