Daily Crypto News

  1. FTX said to be in talks to acquire S. Korea crypto exchange Bithumb—Crypto derivatives exchange FTX is reportedly in talks to purchase Bithumb, one of South Korea’s top five cryptocurrency exchanges.
  2. Top 5 Bitcoin Investors — Barry Silbert is the founder of Digital Currency Group, which owns Grayscale Bitcoin Trust, Coinbase, and Coindesk. Michael Saylor is the CEO of MicroStrategy, which is investing heavily in Bitcoin. Cameron and Tyler Winklevoss are believed to be the first Bitcoin billionaires, reportedly holding about 70,000 coins. Elon Musk’s company Tesla purchased $1.5 billion in Bitcoin in 2021. Michael Novogratz founded Galaxy Digital Holdings, a broker-dealer and cryptocurrency and digital asset management firm.
  3. DeFi TVL plunged 67% in Q2 — The total value locked (TVL) in decentralized finance (DeFi) plunged 66.9% in the second quarter of this year amid market turmoil, according to data from DefiLlama.
  4. Dunamu’s NFT venture with BTS’s HYBE to launch services later this year — Dunamu, the operator of South Korea’s Upbit crypto exchange, told local media that Levvels, its Los Angeles-based joint venture established in May this year with HYBE Co., will start services in the latter half of this year.
  5. The quest to find $181 million in bitcoin buried in a dump — James Howells is known as the man who accidentally threw away 8,000 bitcoins. Now he has an $11 million master plan to get them back. James Howells’ life changed when he threw out a hard drive about the size of an iPhone 6.
  6. Accounting Rules Make the Outcome of Tesla’s Bitcoin Sale Unclear — we’re talking about U.S. accounting rules this week. And right on cue, Tesla announced last Wednesday that it sold 75% of its bitcoin in the second quarter.
  7. GameStop’s NFT marketplace appears to remove an image that referenced a defining moment of the 9/11 attacks — Web3 is going great spotted the NFT called “Falling Man”, which depicts one of the best-known images captured by Associated Press photojournalist Richard Drew in New York on September 11 of a man plunging to his death.
  8. Black investors say crypto is still key to building wealth even as digital assets see steep sell-off in 2022 — A survey by Ariel Investments and Charles Schwab released in April showed 28% of Black Americans say they distrust banks, compared to just 18% of White Americans. 56% also reported not feeling respected by financial institutions — something Mesidor can relate to. She recalled experiences of her and her family having loan applications denied or being treated poorly by bank employees.
  9. Japanese bank SMBC plans to develop NFT business — Sumitomo Mitsui Financial Group (SMBC Group), which runs one of Japan’s largest banks, said Friday it will work together with blockchain startup HashPort to develop non-fungible token (NFT) and Web3 projects

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