ECB Hikes Interest Rate 75 Basis Points as Inflation Hits
CoinDesk
The European Central Bank (ECB) raised interest rates by 0.75 percentage points Thursday, the biggest single hike since it began setting monetary policy in 1999. The hike aims to tamp down high inflation and demonstrates that global liquidity tightening is in full swing, weakening the case for bullish revival in risk assets, including cryptocurrencies.
Mt. Gox creditors fail to set repayment date, but markets to remain unaffected
Cointelegraph
Nearly a decade after the hack of Mt. Gox, customers affected by the exploit have been issued a notice that they have until Sept. 15 to make or transfer a claim. However, the payouts have been engulfed in a long-standing legal battle, with the rehabilitation plan being delayed numerous times. Recently, there have been rumors that the payout could happen soon, potentially resulting in a major Bitcoin dump, though creditors of Mt. Gox say it does not have the infrastructure to make the disbursements and has not collected recipient addresses, making the payout not imminent.
Crypto investors backed by Coinbase sue U.S. Department of Treasury after Tornado Cash sanctions
Cointelegraph
On Thursday, six users of the Ethereum blockchain and cryptocurrency mixer Tornado Cash sued the U.S. Department of Treasury, alleging that its recent sanctions of the crypto mixer are “not in accordance with law.” First, they argue Tornado Cash does not meet the definition of a property, a foreign country, or a national thereof, nor a person and therefore cannot be added to the SDN list. Second, they claim a violation of their First Amendment (freedom of speech) rights under the U.S. Constitution. Thirdly, the plaintiffs say that because of the Treasury designation, they could not access the Ether stored in Tornado Cash pools. Later that day, cryptocurrency exchange Coinbase publicly supported the lawsuit.
Binance Boosting BUSD Stablecoin by Ditching USDC and Two Other Major Stablecoins
The Daily Hodl
Crypto exchange Binance has announced that it will automatically convert user balances and new deposits of USD Coin (USDC), Pax Dollar (USDP) and TrueUSD (TUSD) to Binance USD (BUSD) at a 1:1 ratio. “In order to enhance liquidity and capital-efficiency for users, Binance is introducing BUSD Auto-Conversion for users’ existing balances and new deposits of USDC, USDP and TUSD stablecoins at a 1:1 ratio,” Binance announced. While some thought the move could harm the stablecoins that will be auto-converted, Circle CEO Allaire positioned it as a positive, stating that Binance is still supporting USDC and it will now be easier to move USDC to and from Binance for trading in core markets.
Ethereum Completes Bellatrix in Final Pre-Merge Update
Crypto Briefing
Ethereum on Tuesday completed its latest hardfork, dubbed Bellatrix, launched at epoch 144,896 Tuesday, bringing the network one step closer to its long-awaited Merge upgrade. Bellatrix is Ethereum’s final upgrade before The Merge and gives the proof-of-stake Beacon Chain logic to be aware that The Merge is coming.
Bernstein: Bitcoin’s Correlation With Other Tokens Will Weaken as Its Dominance Declines
Withdrawal of $33M in Staked Ether Was Not From Three Arrows Capital: Report
Staked Ether Price Discount Widens to Most Since June Ahead of Ethereum Merge
Vitalik Buterin poll reveals community want 5-letter .eth domain name for $100 Crypto markets see flood of Queen Elizabeth memecoins and NFTs
Crypto Terra Luna Classic Surges as Traders Speculate on New Supply Burn Rule
Crypto Vultures Capitalize on Queen Elizabeth’s Death
Vulnerability report highlighted attack that could have taken down the Avalanche Network
Algorand upgrade could increase speed and cross-chain transaction capability
BNB Chain announces zero-knowledge proof scaling technology
Aave Companies Seeks $16M From DAO Funds to Pay Crypto Developers
Bifrost, Coinbase Cloud collaborate to offer cross-chain liquid staking on Kusama
Frax Finance launches Fraxlend, its own borrowing and lending market
Crypto Exchange KuCoin Highlights Flaws in DeFi Platform Acala’s Post-Exploit Proposal
Cardano Foundation and Input Output announce date for vasil upgrade
DeFi Speculators Awaiting Arbitrum Token Flock to GMX
Terra Launches Second LUNA Airdrop to Repay Holders
DeFi Giant Aave Stops Loaning Ether Ahead of the Merge Powell: ‘We need legislation’ on stablecoins
A Stablecoin Law May Not Happen This Year
Circle co-founder says converged dollar books on Binance would be good for USDC
Russia Wants to Use Stablecoins to Get Around Western Sanctions
DeFi Protocol Curve Finance Posts Code for Upcoming Stablecoin
Adjusted transaction volume of stablecoins soared almost 33% in August
Binance: No plans to auto-convert Tether, though that ‘may change’ Nexo to take 30 more days to decide on its potential Vauld acquisition
Celsius Crypto Borrowers Call for Bankruptcy Trustee, Oppose US DOJ Move to Appoint Examiner
Celsius Had Been Insolvent Since 2019: Vermont Regulator
Creditor representatives support plan to appoint examiner in Celsius bankruptcy
Crypto Tracer Elliptic Hires Software Veteran Jackson Hull as CTO
DeFi DApps activity rises 3.7% in August for first time since May — Report
Crypto Fantasy Football Is Here
Arbitrum Transactions Quadruple After Upgrade
PolygonLEAP accelerator program gives rise to 6 Web3 startups
PraSaga awarded U.S. patent for placing computer operating system onto the blockchain
Celsius co-founder declares his equity is ‘worthless’ in court
Celsius expects to receive $70M loan repayment to fund operations beyond November Ford prepares to enter the Metaverse with virtual automobiles and NFTs
Chicago Bulls to Release NFT Artwork Reimagining Its Iconic Logo
Puma launches metaverse Black Station to show off its new sneaker NFT collection
ENS domains surpass BAYC’s trading volume: Nifty Newsletter, Aug 31–Sept 6
Sony Music files trademark application for NFT-authenticated music
Trademark applications for crypto, NFTs and Metaverse surge in 2022: Report
What’s Going On With y00ts?
Sorare Takes on NBA Top Shot With Ethereum NFT-Based Fantasy NBA Game
FIFA Launches NFT Platform on Algorand in Run-Up to World Cup
What is CC0, and why will it change the NFT market?
X Marketplace’s new platform streamlines the licensing of NFT IPs
Ethereum domain names top Bored Apes on OpenSea’s weekly chart
Golden State Warriors’ Co-Owner to Start Fantasy Sports-Style NFT Game Argo Blockchain’s Crypto Mining Margin Narrows to 20% as Natural Gas Prices Soar
Bitcoin Miner CleanSpark to Buy Mawson’s Georgia Mining Facility, Rigs for Up to $42.5M
Bitcoin Miner CleanSpark Buys 10K New Machines for $28M After Discounts, Credits
Crypto Miner Bitdeer Delays $4B SPAC Deal Again
Hut 8 surpasses 8,000 BTC mark as it continues to HODL
Large Ethereum Miners Look to Cloud Computing, AI Ahead of The Merge
Hive Blockchain explores new mineable coins ahead of Ethereum merge
Armenia aims to position itself as a Bitcoin mining hub
Crypto miner Poolin pauses BTC and ETH withdrawals, citing ‘liquidity problems’ Stack releases crypto trading app aimed at teens and parents
Huobi Gains Regulatory Approval in the British Virgin Islands
Crypto exchange Enclave launches confidential trading platform for institutions
Enthusiast Gaming taps Coinbase to help build its web3 game offerings
Binance adds former Mexico securities chief to new global advisory council
Binance US launches low-barrier Ethereum staking ahead of The Merge
Binance To Temporarily Suspend Withdrawals and Deposits of Ethereum and Wrapped Ether To Prepare for the Merge
Voyager Digital Will Auction Assets Next Week
Crypto exchange Woo Network secures AML approval in Taiwan
Binance KYC Soulbound Tokens go live as users receive airdrop
Bitpanda aims to entice crypto investors to TradFi by adding commodities
Canadian Crypto Exchange Coinberry Files Lawsuit Against 50 Users After Losing 120 BTC
Coinbase submits proposal that could earn MakerDAO $24M annually
Thai SEC files police complaint against Zipmex and its co-founder
Bankrupt Voyager Digital to hold asset auction on September 13
Poloniex and Bittrex join Tether in asking court to terminate Roche Freedman from class action
FTX to halt ETH deposit and withdrawals on Arbitrum, Solana, BSC during the Merge
Binance taps ex-central bank head, economy minister of Brazil as advisor
Binance to temporarily suspend ETH and wETH deposits and withdrawals ahead of the Merge
Crypto Exchange Bybit Barred From Brokering Securities in Brazil
Gate.io Group Announces Completion of VASP Registration in Lithuania
Crypto investment app Bitpanda adds commodities trading 21Shares parent company raises $25 million at $2 billion valuation
Solana NFT Startup Dust Labs Raises $7M as y00ts Tops NFT Charts
Rated Labs Raises $2.5M To Solve Validator Reputation Dilemma
Web3 Investor Animoca Brands Raises Another $110M for Open Metaverse
Crypto Startup Slide Raises $12.3M to Connect New Users to Web3 Apps
Web3 wallet Omni raises $11 million in seed funding at a $50 million valuation
Web3 data platform Spice AI closes $13.5 million seed round
Crypto regtech firm VerifyVASP raises funds at $100 million valuation
Mysten Labs, creator of the Sui blockchain, closes $300 million raise led by FTX Ventures
Hubble Protocol raises $5 million in a strategic round led by Multicoin Capital
DeFi Platform Credix Raises $11.25M to Connect Institutional Lenders With Emerging Market Fintechs
Fuel Labs raises $80 million for modular execution layer, touting superior speed
Former Revolut employees raise $78 million for web3 energy startup
HQ Trivia’s NFT reinvention scores $7 million seed round
Blockchain incubator valued at $100M following NGC Ventures-led Series A Fidelity to launch Bitcoin retail trading in November
FTX Ventures Scoops Up 30% Stake in Scaramucci’s SkyBridge Capital
Venture Capital Firm MetaWeb Raises $30M for Early Stage Crypto Startups
Investment Management Giant Franklin Templeton to Offer Digital Asset Strategies to Wealth Managers
Crypto Influencer Cooper Turley Creates $10M ‘Coop Records’ Music Startup Fund
Singapore’s Whampoa Group to allocate more to crypto: Reports
Swan Bitcoin Moves Into TradFi With Platform for Financial Advisors
Asset Manager Brevan Howard Reveals Details About Its Record-Setting $1B Crypto Hedge Fund
ETC Group Physical Ethereum PoW (ZETW) ETP Launching on Deutsche Borse
Pantera Capital’s Exodus Broader Than Previously Reported: Sources
BlackRock to Use Kraken Subsidiary for Crypto Offering
UBS, Wealthfront call off $1.4 billion deal Google Cloud to Validate Transactions on Axie Infinity’s Ronin Network
GameStop Partners With FTX on Back of Wider Losses
Switzerland’s SEBA Bank Launches Institutional Ethereum Staking
Cowen Digital snags dozens of clients in six months as expansion plans proceed
Signature Bank suffers $4.27B deposit outflows as crypto uncertainty takes hold
LG Electronics Launches New NFT Marketplace ‘LG Art Labs’
UK regulators target Revolut for ‘material misstatement’ in audit: Report
Netflix Will Likely Ban Crypto Advertisements: Report US Treasury to Recommend Issuing Digital Dollar if in National Interest: Source
Ripple Advisor Hints More CBDC Announcements To Come in Following Weeks
Digital Euro to Focus on Personal Use, Not Web3, EU Officials Say
Australian CBDC Research Project Could Provide Crypto Clarity, Legal Expert Says
World Economic Forum weighs in on CBDC adoption and DLT use cases
Reserve Bank of India preparing to trial a CBDC with public sector banks and fintechs
Exiled Myanmar democratic leaders want to issue CBDC to fund the revolution New French Bill Could Give Authorities Powers to Seize Crypto Assets
Federal Reserve to Act ‘Forthrightly, Strongly’ Until Inflation ‘Job Is Done,’ Powell Says
SEC chair suggests openness to crypto bills that don’t ‘inadvertently undermine securities laws’
SEC to form a new office for crypto disclosures
UK economic secretary commits to make country a crypto hub under new PM
Israel’s Markets Regulator Grants First Crypto License to Private Company: Report
South Korea Is Gearing Up to Institutionalize Security Tokens
Fed Vice Chair Brainard Calls for Crypto-Specific Regulations, Notes Stablecoin Risks
US banks must maintain cautious approach to crypto, says acting OCC head
Blockchain Australia Lands Former BlackRock Director as New CEO
Bitcoin-Oriented Elizabeth Truss Is the Next UK Prime Minister
Brazilian SEC seeks to change its role in cryptocurrency regulation
Binance CEO Changpeng Zhao Says Top Exchange Is Not ‘Chinese Company’ Amid Accusations
KlimaDAO Engages Tusk Strategies to Push Congress to Write DAOs Into Law
Saudi Arabia’s central bank hires former Accenture exec as crypto chief
UK Crypto Firms Must Now Report Sanctions Breaches, Freeze Accounts
Nigeria and Binance Build a Blockchain Hub City for Blockchain Projects
Crypto assets are no longer niche and regulators need to catch up — IMF
Russia’s Finance Ministry, Central Bank Agree To Legalize Cross-Border Crypto Payments Ethereum Merge Edition Part 1: How The Merge alleviates ESG concerns
No, the White House Is Not Planning to Ban Proof-of-Work Mining
White House Report Questions Energy Use of Bitcoin and Crypto Assets
Andrew Yang Is Raising $1.5M for a Company That Plans to Reward Volunteers With Crypto
‘She Will’ Director Launches NFT in Support of End Violence Against Women
World Vision Becomes First South Korean Charity to Accept Crypto
Repurposing Bitcoin mining heat can solve global energy crisis: Arcane The Sandbox’s Instagram account compromised, hackers try to rent BAYC NFTs
Chainalysis Aids in Recovering $30M From Axie Infinity, Ronin Hack
Florida Man Pleads Guilty to Stealing $100 Million in Crypto Ponzi Scheme
DeFi protocol token NFD crashes by 99% after a flash loan attack
FBI seeks Bitcoin wallet information of ransomware attackers
Runaway Thodex Crypto Exchange CEO Arrested in Albania, Turkey Says
NFT watchdog Rug Pull Finder gets its own NFT giveaway exploited
ShadowFi Exploit Allows $300k Liquidity Drain, Massive Cryptocurrency Loss
Elon Musk Says 90% of Twitter Comments Are Bots—Binance CEO CZ Agrees
This material is provided by GSR (the “Firm”) solely for informational purposes, is intended only for sophisticated, institutional investors and does not constitute an offer or commitment, a solicitation of an offer or commitment, or any advice or recommendation, to enter into or conclude any transaction (whether on the terms shown or otherwise), or to provide investment services in any state or country where such an offer or solicitation or provision would be illegal. The Firm is not and does not act as an advisor or fiduciary in providing this material.
This material is not a research report, and not subject to any of the independence and disclosure standards applicable to research reports prepared pursuant to FINRA or CFTC research rules. This material is not independent of the Firm’s proprietary interests, which may conflict with the interests of any counterparty of the Firm. The Firm trades instruments discussed in this material for its own account, may trade contrary to the views expressed in this material, and may have positions in other related instruments.
Information contained herein is based on sources considered to be reliable, but is not guaranteed to be accurate or complete. Any opinions or estimates expressed herein reflect a judgment made by the author(s) as of the date of publication, and are subject to change without notice. Trading and investing in digital assets involves significant risks including price volatility and illiquidity and may not be suitable for all investors. The Firm is not liable whatsoever for any direct or consequential loss arising from the use of this material. Copyright of this material belongs to GSR. Neither this material nor any copy thereof may be taken, reproduced or redistributed, directly or indirectly, without prior written permission of GSR.