Issue #149

Regulation

1. The Republican Party's official platform for the 2024 US elections includes support for key crypto issues

-- Defending the right to mine bitcoin, allowing self-custody of tokens, and opposing the creation of CBDCs

2. House fails to repeal SEC's SAB-121

-- Will force banks to record crypto assets under custody on the balance sheet

3. SEC will not pursue enforcement action against Paxos regarding its Binance USD (BUSD) stablecoin

4. SEC concludes a 3 year investigation into Hiro Systems, formerly Blockstack, regarding its $70M token sales from 2017 to 2019

-- Not pursuing enforcement action

5. The UK Law Commission suggests integrating DAOs into current financial regulations instead of creating new oversight

6. Canada to sanction crypto exchange LiquiTrade for Securities Act violation

-- LiquiTrade was allegedly operating without registration

7. Former FTX co-founder and engineering director, Gary Wang and Nishad Singh, scheduled for sentencing in Oct/Nov after pleading guilty to charges related to FTX

-- Singh admitted to programming systems to route customer deposits to Alameda

-- Wang revealed that FTX's public insurance fund figure was fabricated

8. The Chicago Board Options Exchange (CBOE) requests SEC approval for VanEck's and 21Shares' spot Solana ETFs

-- The SEC has a 240-day window to decide on the proposed ETFs

9. Crypto exchange BitMEX pleads guilty to violating the Bank Secrecy Act from 2015-2020

-- Failed to implement proper KYC/AML measures, allowing anonymous trading and facilitating money laundering

-- The exchange's executives also pled guilty to related charges

Infrastructure

1. The Republican Party's official platform for the 2024 US elections includes support for key crypto issues

-- Defending the right to mine bitcoin, allowing self-custody of tokens, and opposing the creation of CBDCs

2. House fails to repeal SEC's SAB-121

-- Will force banks to record crypto assets under custody on the balance sheet

3. SEC will not pursue enforcement action against Paxos regarding its Binance USD (BUSD) stablecoin

4. SEC concludes a 3 year investigation into Hiro Systems, formerly Blockstack, regarding its $70M token sales from 2017 to 2019

-- Not pursuing enforcement action

5. The UK Law Commission suggests integrating DAOs into current financial regulations instead of creating new oversight

6. Canada to sanction crypto exchange LiquiTrade for Securities Act violation

-- LiquiTrade was allegedly operating without registration

7. Former FTX co-founder and engineering director, Gary Wang and Nishad Singh, scheduled for sentencing in Oct/Nov after pleading guilty to charges related to FTX

-- Singh admitted to programming systems to route customer deposits to Alameda

-- Wang revealed that FTX's public insurance fund figure was fabricated

8. The Chicago Board Options Exchange (CBOE) requests SEC approval for VanEck's and 21Shares' spot Solana ETFs

-- The SEC has a 240-day window to decide on the proposed ETFs

9. Crypto exchange BitMEX pleads guilty to violating the Bank Secrecy Act from 2015-2020

-- Failed to implement proper KYC/AML measures, allowing anonymous trading and facilitating money laundering

-- The exchange's executives also pled guilty to related charges

Finance

1. BlackRock's BUIDL fund surpasses $500M market cap, becoming the largest tokenized treasury fund

-- Ondo Finance and Mountain Protocol are major holders using BUIDL as backing assets

2. DigitalX receives green light to launch Australia's 2nd spot Bitcoin ETF product

3. Binance finalizes sale of majority stake in South Korean crypto exchange Gopax

-- This move follows regulatory hurdles and a failed acquisition attempt due to skepticism from South Korean authorities

4. Abra purchases Valkyrie's Tron and Zilliqa trusts

5. Trading firm Auros to invest $50M in crypto startups from newly established venture arm

-- The firm has already invested close to $20M in projects like Pyth Network and Berachain

6. Polychain alleges ex-GP Niraj Pant received an undisclosed 5% token allocation from Eclipse Labs in exchange for investment in the project

-- Niraj, now the Founder of decentralized AI infra provider Ritual, denies wrongdoing

7. OKX picks Malta as Europe hub to comply with the new MiCA regulations

8. Morgan Creek Digital aims to raise $500M for new crypto fund

Consumer

1. Coinbase Wallet now supports 3rd party wallet integrations, including MetaMask and Phantom

-- Allows users to manage all of their wallets in one platform

2. Ronaldinho and Messi endorse Water Coin on Instagram

-- Water Coin aims to raise awareness for water-related issues but faces criticism for its distribution model and potential pump and dump concerns

3. Tezos collaborates with Baanx and Mastercard to launch a non-custodial crypto debit card

Security

1. Immunefi rallies researchers to secure Solana and Ethereum

-- Developers can earn up to $1M by finding bugs in Solana's Firedancer validator client

-- Hosting an "Attackathon" for the Ethereum ecosystem with a $2M reward pool

2. Doja Cat's Twitter account hacked to promote a pump and dump called DOJA - investors lose $1.6M

3. Blockaid: DeFi apps targeted in Squarespace DNS registry attack

-- Attacker trying to control DNS records for Celer Network and Compound Finance

-- Users are advised to avoid interacting with the affected apps until the issue is resolved

4. DeFi protocol Dough Finance loses $1.8M in flash loan attack

5. Chainalysis reports traditional money launderers are leveraging crypto networks for large-scale money laundering

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