✅ It was a fairly uneventful week in the crypto world, until Friday when BTC finally broke out of the price range and is confidently trading above $64,000 since 🔼
Weekly news digest:
💎 Crypto
🔸 After Pavel Durov arrived in Paris he was arrested by French law enforcement, the TON coin went down by 13.3% since it happened
🔸 The USDD stablecoin, issued by the TRON DAO Reserve, has lost its Bitcoin backing
🔸 NFT platform Magic Eden announced the launch of its token
🔸 Sony Group announced their own Ethereum layer-2 blockchain Soneium 🔗
🔸 Jupiter DEX discovered a malicious "Bull Checker" Chrome extension
🔸 One person lost $55 million in crypto after he signed an unverified transaction
🏦 Crypto exchanges
🔸 Binance announced the upcoming listing of the DOGS token on August 26
🔸 FTX chief restructuring officer and CEO said the plan promises 100% return plus interest for non-governmental creditors
💵 Finances and Economy
🔸 As expected, Jerome Powell indicated that a rate cut is coming in September
🔸 JPMorgan estimates the U.S. mining industry to be worth $74 billion
🔸 Crypto companies have contributed $119 million to election donations 💸
🔸 Tether, the issuer of the world’s largest stablecoin, USDT, has calculated to forgo its blockchain launch
🔸 $13 billion in loans used in the purchase of Twitter are stuck on banks’ balance sheets
⚖️ Law and Order
🔸 Brazil’s securities regulator approved a second Solana exchange-traded fund marking the second such move in August
🔸 Feds will use NFTs to reach out to victims impacted by fraudulent activity from the founder of crypto project CluCoin
🗣 Personalities
🔸 RFK Jr. officially drops out of the US presidential race and endorses Donald Trump
🔸 Binance founder CZ is not free from prison yet, but was moved to the halfway house in LA 🕐
🔸 AI can make the majority of coders obsolete, AWS chief predicts
🚀