NFTs
Stablecoins
Huobi exited HUSD stablecoin deal before token depegged below $0.8
Huobi exchange claims it exited its stake in HUSD stablecoin since April, as liquidity crisis forces the stablecoin below $0.8.
Hacks
Celer Network cBridge resumes operation after suffering DNS exploit
Celer Network has confirmed its cBridge is safe for use after shutting it down on August 17 due to a DNS exploit that claimed $240,000 of user funds
Politics
Ukraine spent over $38M of donated crypto funds on military equipment
Ukraine spent more than $38 million to provide military equipment, armor clothes, medicines and vehicles for its defenders
Exchanges
Michael Moro leaves Genesis Trading amid growing financial struggles
Genesis Trading CEO Michael Moro is exiting the firm after 7 years. Deals with 3AC under his leadership may have pushed the firm further into financial struggles as it cuts workforce by 20%
Bankruptcy
Celsius to explore options for refunding customers at UCC meeting
Celsius has agreed to refund customers based on the current value of their crypto assets, as it prepares to meet with the committee of unsolicited creditors (UCC) on August 23 to consider "multiple financial offers."
Investments
Google parent Alphabet invested $1.5B into blockchain startups since September 2021
Over $6 billion was invested in blockchain startups by 40 public companies since September 2021, Google led the pack with $1.5 billion.
Crime
Dutch Authority says arrested Tornado Cash developer suspected of involvement in financial crimes
The FIOD confirmed that the arrested Tornado Cash developer was suspected of being involved in the hiding of criminal financial transactions and facilitating money laundering.
Bankruptcy
Celsius CEO’s alleged trading decisions led to bankruptcy
Alex Mashinsky allegedly ordered the trading team to sell hundreds of millions of dollars worth of Bitcoin, causing Celsius a $50 million loss.
Featured
TRM Labs ‘does not engage in any’ blocking of sanctioned addresses, only provides ‘risk data’
DeFi protocols use TRM Labs' API to configure settings and risk thresholds for their own compliance programs to determine which addresses to block or freeze.
Stablecoins
Acala burns 99% of aUSD involved in mint exploit
Acala's stablecoin aUSD now trading at $0.91 after 99% of the tokens minted in the exploit were burnt.
Legal
India’s ED freezes $46 million of Vauld’s funds on money-laundering charges
Vauld's entity in India failed to conduct due diligence on funds sent through the exchange and was uncompliant with India's Enforcement Directorate.
Exchanges
Coinbase credit ratings lowered by S&P Global on ‘weak earnings,’ competitive risk
The rating agency said that "weak earnings" and competitive pressure on Coinbase have weakened its coverage ratios.
