Weekly Update: 24 August 2023
1) Australian CBDC may be useful for payments [Cointelegraph]
- The Australian CBDC may foster innovation in financial markets and promote private digital currency advancements while enabling complex payment structures.
2) Coinbase wins approval to offer crypto futures trading in U.S. [Reuters]
- Coinbase secured approval to offer cryptocurrency futures to U.S. retail customers, scoring a regulatory win against the Securities and Exchange Commission (SEC).
3) Balancer reveals ‘critical vulnerability’ in some V2 pools [The Block]
- Balancer mitigated most of the threat, but 4% of TVL remains at risk.
4) Binance futures launches copy trading [TokenInsight]
- Binance Futures announced it will gradually launch copy trading feature from 6:45 am UTC on August 22.
5) BNB chain exploiter liquidated for $30M on Venus Protocol [CoinDesk]
- An infamous wallet that had borrowed over $150 million worth of stablecoins from lending and borrowing platform Venus Protocol was liquidated for over $30 million as bnb (BNB) prices fell to $209.
6) Coin Center urges Congress for clearer crypto tax regulation [The Block]
- Coin Center sent a letter to Senate Finance Committee Chairman Ron Wyden and Finance Committee Ranking Member Mike Crapo.
7) Crypto prices rally back as SEC said to be ready to greenlight ether-futures ETFs [The Block]
- Crypto prices briefly bounced back on the news that the SEC is poised to approve ether-futures ETFs.
8) Curve founder believes $CRV OTC buyers will stick with 6-month lockup [TokenInsight]
- Michael Egorov, founder of Curve, confirmed that he had an agreement with the $CRV OTC buyers that they needed to lock the tokens for 6 months.
9) Ledger announces U.S. PayPal integration, lets users buy crypto from within app [Cointelegraph]
- Through the new integration, verified PayPal users in the United States will be able to buy BTC, ETH, BCH, and LTC directly through Ledger Live.
10) Social platform Friend.tech gains 100K users in days even in depths of a bear market [CoinDesk]
- The growth correlates with the more than $25 million in revenue generated by the platform since its Aug. 10 launch.
