● Ripple officially starts recruiting in the US market, and it was previously rumored that it would return to the US market
Ripple announced on Twitter that it will recruit a “Senior Policy Director” in the United States, as well as senior software engineers, compliance and risk engineering personnel.
This week, Ripple President Monica Long said in an interview with CNBC that the company will return to the U.S. market after a U.S. court ruled that some sales of XRP were not considered securities. Monica Long also said that jurisdictions such as the United Kingdom, Europe, Singapore, and Dubai in the Middle East all provide clear frameworks and rules, and Ripple will increase its business expansion in these regions. This re-entry into the U.S. market also marks a "slight shift" in Ripple's corporate strategy.
● The remaining debt of Curve founders is approximately $48.7 million
According to Lookonchain, Curve Finance founder Michael Egorove sold a total of 142.6 million CRVs to 30 institutions and investors at a unit price of $0.4 through OTC, earning $57 million to repay debts. As of now, Michael Egorove still has 269.8 million CRVs (about $166 million) pledged on four platforms, with a debt of about $48.7 million.
● Curve Finance hacker has returned all of Alchemix’s funds in the Curve pool
Alchemix announced on Twitter that all funds stolen by hackers in the Alchemix Curve pool have now been returned.
● Shiba Inu Chief Developer: Beware of fake TREAT and SHI token-related scams
According to U.Today, Twitter user LORD GAUDY claimed that as part of the "Summer of Shibarium" event, the latest official Shibarium ecosystem token will be launched in a few days. LORD GAUDY also released the so-called official contract address of TREAT and SHI tokens. Shiba Inu chief developer Shytoshi Kusama said the news was untrue and reminded the community not to be deceived.
● USDC circulation decreased by $500 million in the past week
According to official data, as of August 3, Circle has issued a total of $1.1 billion USDC in the past 7 days, redeemed $1.6 billion USDC, and reduced the circulation by $500 million. The total circulation of USDC is $26 billion, and the reserve is $26.1 billion, including $1.8 billion in cash and $24.3 billion held by the Circle Reserve Fund.
● Kyrgyz President: Crypto mining activities are allowed in areas where power generation capacity permits
In an interview with the Kabar State News Agency, Kyrgyz President Sadyr Japarov answered questions about the country's construction of virtual asset mines at hydroelectric power stations and confirmed that cryptocurrency mining activities are allowed in areas where power generation capacity permits so that the power sector can obtain income. If there is a power shortage in winter, the operation of these "mines" will be suspended and they will operate again in the remaining nine months.
The President of Kyrgyzstan said that crypto mining can generate millions of dollars in tax revenue. Keming's "mine" transferred 480 million soms to the power sector in 6 months and paid 225 million soms in taxes. In addition, even in the winter when there is a shortage of electricity, the electricity used for "mining" is not the so-called "cheap electricity". Kyrgyzstan imports the required electricity from other countries at a price of 3 soms and sells electricity to the "mine" at a price of 5.04 soms, earning a net profit of 2.04 soms. After adding taxes, the country will only benefit, not suffer.