WEEKLY CRYPTO DIGEST (35th)

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28 Aug 2022

🔸 FDIC issues cease-and-desist letters to FTX US, other crypto firms over deposit insurance.

🔸 Tribe DAO proposes a $157 million redemption for token holders, Rari hack victims.

🔸 Frax founder says Fei Protocol situation reaches 'new low for DeFi'.

🔸 Former OpenSea employee accused of insider trading files motion to dismiss indictment.

🔸 Voyager creditors oppose $1.9M employee retention proposal.

🔸 Seven large traditional brokerages in South Korea have started laying the groundwork for their own crypto exchanges in the first half of next year.

🔸 Ronin hackers converted stolen ETH to BTC using sanctioned mixers.

🔸 FTX US among 5 companies cited by FDIC for ‘false, misleading’ claims to consumers.

🔸 Ethereum privacy platform Aztec responds to FTX 'freezing' user accounts.

🔸 Interest Protocol partners with Chainlink Labs to bring more security to DeFi lending.

🔸 Coinbase COO Choi joins Okta’s board.

🔸 Citi head of forex to leave bank for digital assets role.

🔸 Metaverse avatar platform Ready Player Me raises $56 million from a16z and others.

🔸 Thorswap launches cross-chain swaps for majority of Ethereum tokens.

🔸 Digital Currency Group backs DAO tooling startup Mural in $5.6 million seed round.

🔸 Daphne Kwon joins Flipside Crypto as general manager of DAO Initiatives.

🔸 Bitfinex has now launched Ethereum (ETH) Chain Split Tokens (CSTs).

🔸 Huobi Tech has obtained Registration License from FINTRAC of Canada.

🔸 GameSwift, a Web3 gaming solution, has announced a strategic partnership with the Polygon network to build a comprehensive Gaming Ecosystem.

🔸 Malaysian regulators add Huobi to investor alert list.

🔸 Developers find bugs in 2 Ethereum clients' mainnet merge updates.

🔸 Hoskinson shuts down talk of ‘hush-hush culture’ over stalled Vasil upgrade.

🔸 US Congressman urges Treasury to provide further clarity related to Tornado Cash sanctions.

🔸 Tether may be in violation of US sanctions on Tornado Cash.

🔸 Crypto lending platforms increase rates due to higher borrowing demand.

🔸 Distributed Finance acquires Algorand NFT marketplace Rand Gallery.

🔸 Celsius is suing Prime Trust for the return of $17 million worth of crypto amid its Chapter 11 proceedings.

🔸 DOJ charges Miami-based trio with defrauding banks, crypto exchange for $4 million.

🔸 The Ontario Securities Commission (OSC) has issued another consumer alert warning residents of unregistered crypto platforms, including Kucoin.

🔸 Spectral raises $23M to help create web3 credit scores.

🔸 Bored Apes and Moonbirds to get playable avatars in new Sandbox season.

🔸 YouTube sensation Baby Shark announced it would release a second collection of NFTs.

🔸 Republican Rep Lauren Boebert fails to report crypto transactions in 2021.

🔸 Neopets Meta, the web3 spin-off of the classic early noughties virtual pets online game, will launch the alpha version of its metaverse on Friday.

🔸 Crypto exchange Coinme adds ETH and five other cryptocurrencies to its crypto kiosks.

🔸 Sam Trabucco resigned as co-CEO of Alameda Research and announced he will continue on as an advisor.

🔸 Bitcoin miner Argo slashes hash rate growth estimate by 42%.

🔸 Haun Ventures leads $24 million round into web3 developer platform Thirdweb.

🔸 Bitcoin Depot set to go public at an $885 million valuation.

🔸 Professor republishes Tornado Cash code following GitHub takedown.

🔸 Polygon and Cere Network founders launch $50 million web3 fund.

🔸 Cowen expands digital division with new crypto native hires.

🔸 Hashed taps ex-South Korean finance official to lead research institute.

🔸 SEC delays decision on VanEck's latest bitcoin ETF application.

🔸 NFT marketplace volumes fell further in August.

🔸 Blockchain explorer SolanaFM raises $4.5 million, plans to expand to Aptos.

🔸 Banking behemoth MUFG invests in Animoca Brands Japan’s $45 million raise.

🔸 Zipmex in advanced rescue talks with two potential investors.

🔸 FTX CEO calls Alameda VC merger report a 'big misrepresentation'.

🔸 Crypto lending platform Compound rolls out fresh upgrade for DeFi users.

NOTE:- All these data are collected from different websites .
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