Daily Crypto News

1. NFT platform SudoRare vanishes with 519 Ethereum — Non-fungible token (NFT) platform SudoRare has allegedly run off with US$815,000 in user funds and deleted its social media accounts, raising alarms over investor protection.
2. Crypto Prices Are Fanned by Flawed Economics and Conspiracy Theories; CBDCs Are Immune: Bank of Finland Governor — The volatile prices of private cryptocurrencies are “fanned by popular misunderstanding of monetary economics and even conspiracy theories,” while central bank money in digital form can be trusted implicitly, the governor of Finland’s central bank says.
3. Crypto exchange Bitfinex plans new chain split tokens — iFinex Financial Technologies Limited, which operates the Bitfinex cryptocurrency exchange, has announced Ethereum chain split tokens (CSTs) to help prepare for all eventualities as the Ethereum merge nears.
4. Three Arrows Liquidators Get Singapore Nod to Probe Crypto Fund — Three Arrows Capital Ltd.’s liquidators secured a key court decision in Singapore that may give them greater insight into the collapsed crypto hedge fund’s remaining assets in a major jurisdiction, people with knowledge of the matter said.
5. Crypto Booster Bond Loses Primary Bid for New York Congressional Seat — Bond, who secured less than 30% of the vote in the Tuesday election, runs the Association for Digital Asset Markets, one of the groups pushing a crypto-friendly agenda in Washington. Despite heavy industry support, she joins several other crypto-friendly candidates to lose in congressional primaries as the consequential midterm elections head toward their conclusion later this year. Republican Nick LaLota will fight Democrat Bridget Fleming for the House seat in the general election.
6. Crypto Winter ‘Could Be Over’ as Investors Add to Positions, Says Market Analyst — There’s a chance crypto winter could be over, Edward Moya, senior market analyst at foreign exchange Oanda, told CoinDesk TV on Tuesday. Some crypto investors are beginning buy more bitcoin (BTC) and other cryptocurrencies, despite recent bad market news, he said.
7. As Censorship on Ethereum Begins, Could This Open-Sourced Code Help Counter It? — Flashbots, the team of developers behind MEV-Boost, a critical piece of software for the next phase of Ethereum, has decided to accelerate the open-sourcing of some of its code as the broader Ethereum community frets over looming risks of transaction censorship.
8. Bankrupt Crypto Lender Celsius Sues Prime Trust Over $17M in Tokens — Filed in federal bankruptcy court, the 54-page suit stems from a dispute over assets tied to Celsius’ yield product customers in Washington and New York. Prime Trust held those assets and returned $119 million of the sum to Celsius when the two dissolved their agreement in June 2021, Celsius said.
9. Bitcoin has been mounting in DBS Digital Exchange in volatile June — Bitcoin custodied by Singapore-based DBS Digital Exchange (DDEx) grew by 30% from April 30 to June 30 this year while Ethereum under custody grew by 3% during the same period.
10. Binance’s CEO said thousands of people are falsely claiming to be his employees on LinkedIn. Experts warn it’s an example of the platform’s growing problem with fake accounts. — This month, Changpeng Zhao, the CEO of cryptocurrency exchange Binance, tweeted that “LinkedIn has 7000 profiles of ‘Binance employees’, of which only 50 or so are real.” He called some of these accounts “scammers” and warned his followers to “be careful.”

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