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1. Senator Cynthia Lummis, a16z, and Paradigm file amicus briefs in support of Coinbase's motion to dismiss SEC lawsuit
-- Arguing that SEC is attempting to gain primary influence over the crypto sector without congressional approval
2. SEC granted permission to file a motion for an interlocutory appeal in its lawsuit against Ripple
-- SEC is looking to appeal the part of the court decision about programmatic sales and other distributions of XRP
3. Singapore's central bank releases a regulatory framework for stablecoins
-- Requirements for value stability, disclosure, redemption at par, and minimum capital reserves
-- Penalties for falsely representing a token as MAS (Monetary Authority of Singapore)-certified
4. Coinbase launching the Stand with Crypto Alliance, a grassroots movement to mobilize the crypto community to support legislation in the US Congress
-- 2 major bills in the works in Congress: 1x would create a regulatory framework for stablecoins and 1x would outline a path for digital assets to transition from securities to commodities
5. Coinbase has obtained regulatory approval to offer crypto futures trading in the US
6. UK releases guidance on how crypto businesses can comply with the Travel Rule (a money laundering regulation)
7. Court denies a motion for partial summary judgment from plaintiffs who argued that the Treasury Department exceeded its authority in sanctioning Tornado Cash
-- Court: Tornado Cash is an association and therefore an entity that may be designated per OFAC regulations
1. Immutable launches Polygon-powered zkEVM to testnet
2. Metaverse-focused blockchain Lamina1 released its betanet
-- Aiming for a mainnet launch early next year
3. BNB Chain's Optimism-based L2 opBNB rolls out mainnet for infra providers
4. Ethereum core developers launching a new testnet called Holesky next month to address the supply challenges for ether on testnets
-- Will offer a supply of over 1B testnet ETH
1. Mastercard forms CBDC Partner Program with Ripple and Consensys
-- Designed to help central banks develop a CBDC
2. Kraken Ventures is launching a 2nd fund with a goal of raising $100M to invest in early stage startups
3. Crypto gains traction in Africa
-- Reserve Bank of Zimbabwe set to introduce gold-backed digital tokens
-- In Senegal, Bicoin is being used to combat inflation and corruption, with 71.7% of respondents willing to use it
4. Bitcoin Frontier Fund launches accelerator program for Ordinals startups
5. Crypto custodian Prime Trust files for Chapter 11 bankruptcy due to a shortfall in customer funds
-- Estimated liabilities between $100-500M and estimated assets between $50-100M
6. FedNow adds Hedera-based micropayments platform Dropp as a service provider
7. Former Binance strategy chief Gin Chao closes $50M fund called CVP NoLimit Fund I
-- Focuses on seed stage and strategic deals with check sizes ranging from $250k-$3M
8. Binance sunset its crypto on-ramps solution Binance Connect on Aug 16 for undisclosed reasons
9. Polygon Labs and SK Telecom announce partnership to incubate promising web3 startups
10. Tether discontinues support for Bitcoin, Kusama, and Bitcoin Cash
11. Crypto market maker GSR is scaling back operations
-- Multiple executives leaving the firm
-- Scaling back US operations citing higher cost of talent and regulatory concerns
1. Take-Two Interactive is launching its 1st web3 game Sugartown on Ethereum
-- Take-Two's web2 portfolio includes GTA, NBA 2K, and Red Dead Redemption
2. OpenSea disables royalty enforcement tool
-- Yuga Labs has announced that it will be severing ties with OpenSea due to this shift in policy
3. Coca-Cola is launching its first NFT collection on Coinbase's Base
4. Magic Eden launches $1M fund to invest in Polygon-based NFT collections
-- Offering mentorship, marketing assistance, and tech support (in addition to capital)
1. Optimism-based DeFi project Exactly Protocol exploited for over $7M
2. Over $2.1M stolen from Zunami Protocol's stablecoin pools
-- Believed to be a flash loan price manipulation attack
-- SlowMist identified the vulnerability 2 months ago but their communication with Zunami was not successful
3. Hackers were able to exploit a vulnerability in the Libbitcoin explorer to steal at least $900k
-- Caused by the insufficiently random seed phrase generated by the explorer's "bx seed" command
4. Base-based DEX Rocketswap hacked for $870k
-- Team identified the cause of the hack as "a series of lapses"
-- Some accusing team of a rug pull
5. Uniswap employee Allen Lin fired after allegedly conducting a rug pull
6. Lending protocol SwirlLend rug pulled for $460k
1. Reinforcing the security and usability of crypto wallets with post-quantum cryptography and zero-knowledge proofs (source)
-- Use of lattice-based threshold secret sharing and kyber algorithm for key generation and zero-knowledge proofs for wallet access
-- Features: wallet recovery during server downtime, post-quantum secure, ability to rekey private keys
2. Security analysis of Filecoin's consensus protocol (source)
-- An adversary with 20% of the total storage pledged to the chain can successfully perform a n-split attack
-- Proposes the use of consistent broadcast to mitigate n-split attacks
3. Post-quantum cryptography hardware accelerators (source)
-- Use of the TaPaSCo open-source framework to package post-quantum cryptography standards in hardware
4. Study of MEV on Algorand (source)
-- Observed 1.1M arbitrage opportunities with a single searcher capitalizing on 653k of them
-- High frequency of immediate backrunning executions
-- 226k instances of batch transaction issuances, where an address occupied over 80% of a block with a single transaction type
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