✅ The S&P 500 lost 2% for the week, while bitcoin almost stayed flat.

Of the unusual: Biden turned on his laser eyes, deciding to flirt with the crypto community with his old meme 😁

Weekly Digest:

💎 Cryptocurrencies

🔸 MicroStrategy bought another 467 BTC and now they have 152,800 BTC

🔸 Litecoin halving took place, the rate was lower than 4 years ago

🔸 Six financial firms filed with the SEC for an Ethereum futures ETF

🔸 Crypto project Sandbox introduces verification for staking its own SAND tokens

🏦 Crypto exchanges

🔸 Plan to relaunch bankrupt exchange FTX published

🔸 WhiteBIT exchange launches its own blockchain WB Network

🔸 Justin Sun spoke about Huobi crypto exchange's loss making over the last 4 quarters. And now there are disturbing rumors floating around the web 😬

🔸 Those accused of laundering cryptocurrency stolen from the Bitfinex exchange in 2016 have pleaded guilty

🔸 Coinbase reported a Q2 2023 loss of $97 million

💰 Financial News

🔸 Fitch announced that it has downgraded the U.S. credit rating to AA+

🔸 Bank of England raised rate to 5.25%, the highest level since 2008

🔸 Russian inflation returned to growth and reached 4.4%, the ruble at one point plunged to 96 per $1

🔸 OPEC+ left oil production quotas unchanged, Brent rate reached $86

⚖️ Regulation

🔸 SEC sues Richard Hart, founder of crypto projects HEX, PulseChain and PulseX

🔸 British fintech company Revolut stops (https://decrypt.co/151272/revolut-shutter-us-crypto-operations-due-regulatory-environment) trading cryptocurrency in the US

🔸 Ukrainian authorities shut down a network of BTC exchanges linked to Russian payment systems

🔸 Kenyan authorities banned the activity of crypto project Worldcoin

🔸 SEC froze (https://www.sec.gov/news/press-release/2023-146) accounts of mining company Digital Licensing and accused the management of fraud

⚙️ Technology

🔸 Media: Meta will launch its own AI chatbot

🔸 Iraq has blocked Telegram's operation due to national security threat

🚨 Hacks

🔸 Bald meme token on Coinbase network turned out to be a scam, creators withdrew liquidity and embezzled $23 million

🔸 DeFi Curve Finance hacked for $47 million, hacker promised to return 90% of funds

🔸 DEX exchange LeetSwap on Coinbase blockchain halted operations due to hacking

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