Selected News:

2. MicroStrategy purchased approximately 14.4 million US dollars worth of 467 bitcoins in July.

3. MKR rose above $1300, hitting a new high since May 2022.

4. Five companies, including Grayscale and Proshares, submitted applications for Ethereum futures ETFs yesterday.

5. opBNB mainnet will be launched in mid-August and will first be open to infrastructure providers.

Project Updates

opBNB mainnet will be launched in mid-August and will first be open to infrastructure providers

BNB Chain official article stated that the opBNB mainnet will be launched in mid-August and will first be open to infrastructure providers. It is expected to be open to ordinary users from the end of August to early September. Data shows that the opBNB testnet has processed over 7 million transactions, connected 435,972 wallets, deployed more than 40 dApps, and processes over 86,000 blocks per day with a daily transaction volume of up to 100,000-150,000. The daily active users exceed 6,000. The future goal of opBNB is to make more improvements, including fraud proof, account abstraction, data availability, interoperability, and decentralized sorters.

The Cosmos ecosystem EVM-compatible chain Evmos has launched version 2.0, which includes updates such as enabling StakeFi and IBC composability through Evmos EVM extensions, Evmos v2 token economics, and value consistency with future Evmos SDK chains through software licensing.

SEC accuses HEX of being an unregistered security, Uniswap removes HEX token from its interface

Uniswap removed the HEX token from its interface after the US Securities and Exchange Commission (SEC) declared it an unregistered security earlier this week. The HEX token is now listed as "unsupported" on the Uniswap interface with a general statement indicating that the protocol prevents tokens that "violate trademarks, have been proven to be scams, or are based on other legal considerations." Although Uniswap has removed the token from its interface, it does not mean that they cannot be traded through decentralized protocols, as delisting only occurs at the front-end level.

Arbitrum has activated account abstraction endpoint support on One and Nova

Offchain Labs has officially activated support for account abstraction endpoints on Arbitrum One and Arbitrum Nova. BlockBeats previously reported that on July 17th, the Arbitrum proposal AIP-2 was voted through, activating support for account abstraction endpoints on the One and Nova mainnets. The proposal aims to address the issue of packaged transactions for ERC-4337, and the new RPC endpoint eth_sendRawTransactionConditional will allow users to specify a valid block height and timestamp range when submitting transactions, thereby resolving potential smart contract account storage changes that may occur between the verification and execution phases.

Optimism has released a Superchain Faucet that supports the reputation system, and will support WorldID in the future.

Optimism has announced the launch of Superchain Faucet, a reputation system-supported testnet faucet that allows developers to obtain up to 20 times the amount of ETH on a regular testnet by utilizing on-chain reputation data. This will help developers in the Optimism ecosystem to test and iterate their projects more effectively. Superchain Faucet not only supports social authentication through GitHub, but also allows developers to authenticate through on-chain identity.

Kenyan government suspends local operations of Worldcoin

According to a statement posted on the Facebook page of the Kenyan Ministry of Interior, the Kenyan government has suspended the operation of Worldcoin, an identity encryption protocol co-founded by Sam Altman, co-founder of OpenAI. The statement expressed concern about an organization called "WORLD COIN" collecting iris data for citizen registration. Relevant financial, security, and data protection service agencies have begun investigating to determine the legality and data protection of the project.

Abracadabra has proposed an emergency freeze of the CRV market liquidation to prevent a chain reaction.

The algorithm Stablecoin MIM issuer Abracadabra community recently proposed an emergency proposal to fix the price of the cauldron oracle in extreme CRV liquidity conditions in order to optimize the value of the DAO and avoid liquidation in a chain reaction. The purpose of the proposal is to grant Abracadabra DAO the authority to timely replace the existing oracle responsible for pricing CRV tokens when a chain event occurs. By timely replacement, the DAO can effectively extract and securely store CRV tokens in the warehouse, ensuring their safety and minimizing potential risks associated with chain events. This proposal has been passed in the Snapshot vote and will grant DAO Multisig the authority to replace the oracle at the start of the chain.

Digital asset custodian Hex Trust registers in France to expand European business

According to CoinDesk, digital asset custodian Hex Trust has obtained registration from the French Financial Markets Authority (AMF) and Prudential Supervision and Resolution Authority (ACPR) to provide digital asset custody, purchase, sale, and trading services. In theory, registration should make it easier for it to obtain necessary registrations and licenses throughout the European Union due to the MiCA regulations. Hex Trust obtained equivalent registration from the Italian Organismo Agenti e Mediatori (OAM) in June last year.

Uniswap community votes on "Deploying V3 to Linea Network" proposal

The governance page shows that the Uniswap community is conducting an on-chain vote for the proposal to deploy Uniswap V3 to the ConsenSys zkEVM network Linea. The voting will end today at 21:57. The proposal has previously passed a temperature check vote, and the relevant Uniswap v3 contracts have been deployed to Linea. If this on-chain vote is passed, this deployment will be officially recognized as a standard v3 deployment through corrections to the v3deployments.uniswap.eth subdomain. Subsequently, Uniswap Labs' task is to handle frontend integration updates and add Linea to the automated router.

欧易 OKX officially launches AA smart contract wallet, starting gas-free activityAccording to official sources, Ouke OKX has officially launched the AA smart contract wallet, with initial functionality supporting users to create AA smart contract wallets on 7 popular public chains including Ethereum, Arbitrum, Polygon, Optimism, BNB Chain, Avalanche, and OKTC. Users can directly pay for Gas using stablecoins USDT/USDC, and complete multiple interactions with on-chain DEX and DeFi with just one click, improving the convenience of wallet usage.

Polygon Labs has launched a new proposal to deploy Spark Protocol on Polygon zkEVM.

Polygon Labs team has initiated a new proposal to deploy MakerDAO's lending protocol, Spark Protocol, to Polygon zkEVM. The proposal states that Spark Protocol currently utilizes Chainlink Price Feeds to meet its oracle needs. Currently, Polygon Labs is in discussions with Chainlink Labs team, which will soon support Polygon zkEVM in August. This timeline provides ample time for the deployment of Spark to Polygon zkEVM.

Gauntlet has launched a new proposal in the Aave community to "prohibit additional CRV collateralized loans".

DeFi risk management platform Gauntlet has launched a new proposal in the Aave community, suggesting that the CRV LTV for Aave V2 on Ethereum be set to 0 due to the recent decrease in CRV liquidity, in order to prevent additional borrowing against existing CRV collateral. The voting deadline for this proposal is August 5th.

Coinbase CEO: Studying the Addition of Lightning Network, Fully Supporting the Development of Bitcoin Payments

Coinbase CEO Brian Armstrong responded to Jack Dorsey's question about why Coinbase has been ignoring the Bitcoin Lightning Network payment solution, stating that they are currently researching the best way to add Lightning Network. This is not a simple task, as it involves fully supporting the development of Bitcoin payments.

Abracadabra initiates proposal to adjust interest rates for CRV collateralized loans.

Algorithmic stablecoin MIM issuer Abracadabra community has released a new proposal to adjust the interest rates of CRV cauldrons. The proposal suggests that, given the protocol's current significant CRV risk exposure, the collateral-based interest rate should be applied to two CRV cauldrons. As a result, the interest rate of CRV collateral will include a benchmark rate, which depends on the sum of the outstanding principal of the two CRV cauldrons. The actual interest rate will be generated by combining the benchmark rate and the interest rate multiplier. The interest rate multiplier depends on the collateral ratio of the cauldrons.

Chain game developer Curio has open-sourced part of the Keystone ECS game engine.

The chain game developer Curio announced that it has open-sourced part of the Keystone ECS game engine. Keystone will eventually become an EVM layer composed of smart contract and game engine data. The game engine has not been officially launched yet, but the team behind Curio has used Keystone to build a mini Warcraft game on the chain as a demonstration.

Less than 12 hours left until Litecoin block reward halving

According to Litecoinhalving data, the Litecoin (LTC) block reward halving is expected to occur in less than 12 hours, at which point the block reward will decrease from 12.5 LTC to 6.25 LTC.

Aptos launches Move v1.4 and v1.5 versions, aiming to enhance performance and prepare for the ecosystemAccording to official sources, Aptos has released versions 1.4 and 1.5 of the Move Framework, preparing for performance enhancements, key features, and ecosystem development. Aptos v1.4 expands the Move standard library, with updates including the addition of FixedPoint64, various mathematical functions (exp, log, mul_div, etc.), string formatting, and additional inline functions. In v1.5, Aptos introduces Quorum Store to the mainnet, introduces a new Aptos token standard that utilizes Move objects, improves the tool kit, and integrates peer monitoring services in each node.

FTX Unsecured Creditors Committee: FTX restructuring plan ignores its recommendations and has not negotiated with it

The Unsecured Creditors Committee (UCC) representing FTX clients has expressed dissatisfaction with the restructuring plan submitted by the FTX bankruptcy trustee, stating that the FTX bankruptcy trustee had promised to work with the UCC to develop a restructuring plan that would maximize benefits for all stakeholders, but had not held a single phone or meeting discussion with committee members, ignoring suggestions made by the UCC. The UCC stated that over the first 8 months of the case, related expenses had exceeded $330 million, but the FTX bankruptcy trustee's current approach will only cause further delays and more costs. If necessary, the UCC will take necessary steps to advance a confirmable plan.

Foreign media: FTX restructuring plan includes setting up a trust company to manage illiquid investments

According to Bitcoin.com, the proposed FTX restructuring plan indicates that in addition to establishing an "offshore trading platform company", the current FTX team is also considering setting up a new trust company called "FTX Ventures Trust". The trust will hold FTX's investments in private startups and digital tokens that FTX does not plan to sell immediately after bankruptcy. The purpose of the trust is to manage these long-term investments and distribute cash from them over time. FTX has not yet decided whether the trust will be owned by FTX's bankruptcy estate or traded separately after bankruptcy. Its goal is to find a way to maximize the value of these illiquid investments, which are not easily sold by FTX's managers after bankruptcy.

Binance will remove BUSD spot trading pairs for ATA, BNT and other tokens

According to an official announcement, Binance will remove the ATA/BUSD, BNT/BUSD, COS/BUSD, DF/BUSD, DOCK/BUSD, OSMO/BUSD, STRAX/BUSD, and XNO/BUSD spot trading pairs at 11:00 on August 4th.

Bitget Research Institute: Due to the impact of BALD token and LeetSwap events, the net inflow of assets of Base cross-chain bridge decreased by 92.7% per day.

Bitget Research Institute found that due to events such as BALD token and LeetSwap, the L2 network Base TVL has dropped from $41.2 million to $7.18 million in the past two days, a decrease of approximately 82.5%. At the same time, the net inflow of assets in the Base cross-chain bridge has dropped by 92.7% per day, and the on-chain activity has decreased by approximately 79.4%.

BALD deployers repeatedly deploy and withdraw liquidity on Sushiswap

According to on-chain information, the BALD deployer repeatedly deployed and withdrew liquidity on Sushiswap. The address added 800 ETH and 10 million BALD about 40 minutes ago, but later withdrew 800 ETH liquidity. Previously, the BALD deployer removed all liquidity for BALD/ETH.

Balancer deploys to Avalanche chain and collaborates with 4 Avalanche LST protocols

According to official sources, Balancer has been deployed on the Avalanche chain to drive the growth of liquidity staking on Avalanche. Balancer will also collaborate with 4 Avalanche LST protocols, which are designed to host the liquidity of BENQI's sAVAX, Ankr's ankrAVAX, Yield Yak's yyAVAX, and GoGoPool's ggAVAX, providing a unified platform for the Avalanche Liquid Staked Token (LST) market.

Ordinals development team creates non-profit organization to support protocol development

Ordinals development team announced on Tuesday that they have established a non-profit organization called Open Ordinals Institute, located in California, which will support the development of the protocol by funding the core development team, including the anonymous chief maintainer of the project, Raph. (Decrypt)

SBF lawyer opposes pre-trial detention of SBF by US Department of Justice

According to CoinDesk, SBF's lawyer has refuted the motion by the US Department of Justice to detain SBF, stating that the factual basis for the motion is extremely weak. The document states that the conclusion drawn by the US Department of Justice regarding SBF's actions was hasty, which also contradicts the government's argument that SBF had repeatedly exceeded the boundaries of bond issuance in the past.

Radiant Capital: dLP lock-up ARB airdrop is now open for application

Multi-chain lending protocol Radiant Capital has announced that eligible dLP lockers can now apply for the ARB airdrop. BlockBeats previously reported that Radiant Capital conducted the second snapshot of the "RFP-18: Radiant DAO Treasury ARB Allocation Strategy Application" proposal at 1:00 on July 18th. dLPs that meet the airdrop requirements must have locked on Arbitrum and BNB Chain for 6-12 months after the first snapshot (2:00 on May 18th) and before the second snapshot, and will be eligible to share 1.3 million ARBs.

Blockchain financial company Figure has withdrawn its bank license application.

According to Bloomberg, blockchain financial company Figure Technologies Inc. withdrew its bank charter application submitted to the US currency supervisory agency (OCC) on July 31. Figure had previously applied for the charter in 2020. A spokesperson for Figure stated in an email statement that the withdrawal of the bank charter application was due to the company's focus on developing other areas in collaboration with a wide range of established banking partners.

Curve: Removed voting incentives for WETH+CRV and arbi-USDT+WBTC+WETH pools

Curve Finance officials have stated that the voting incentives for WETH+CRV and arbi-USDT+WBTC+WETH have been removed from the voting market. Please cancel your vote for the above pools. The WETH+CRV liquidity pool has been exploited, and the arbi-USDT+WBTC+WETH liquidity pool may not be safe.

ZachXBT: The suspected identity of the JPEG'd Curve pool exploit has been identified, and they may have contributed to Bancor

The on-chain detective ZachXBT posted on social media that the on-chain address of Twitter user MichaelRazum is related to the recent JPEG'd Curve pool exploit. Please contact him or the JPEG'd team. According to 0xQuit, Twitter user MichaelRazum has contributed to web3py and Bancor protocols, but his GitHub has been inactive for a long time.

GameStop: Will stop supporting cryptocurrency wallets due to "regulatory uncertainty"

According to CoinDesk, GameStop, an electronic gaming and related product retailer, has announced that it will stop supporting cryptocurrency wallets due to regulatory uncertainty in the United States. The company has decided to remove its iOS and Chrome extension wallets from the market on November 1, 2023, and customers can access them until October 1, 2023.

三箭资本联创 Kyle Davies: Has Renounced US Citizenship and is Not Subject to US Court Jurisdiction

According to Decrypt, Kyle Davies, co-founder of Three Arrows Capital, stated that he became a permanent resident of Singapore in 2017. According to documents, he renounced his US citizenship when he got married because Singapore does not allow dual citizenship. In a legal statement submitted today, Kyle Davies stated: "To avoid doubt, I do not belong to the jurisdiction of the US court, nor do I accept its jurisdiction."

Grayscale, Proshares and 5 other companies submitted Ethereum futures ETF applications yesterday.

Bloomberg's senior ETF analyst, Eric Balchunas, posted on social media that six companies have submitted Ethereum futures ETF applications, including Grayscale, Bitwise, Roundhill, VanEck, and Proshares, which submitted their applications on August 1st local time.

Aptos ecosystem derivative DEX Merkle Trade internal test version has been launched on Aptos mainnet

According to official sources, the Aptos ecosystem derivative DEX Merkle Trade beta version has been launched on the Aptos mainnet. Merkle OG and active competition participants have the opportunity to use the platform through the beta version. The project team plans to launch the public mainnet next month.

Viewpoint

Kraken questions feasibility of FTX 2.0: Restart plan may be worse than starting from scratch

Kraken co-founder Jesse Powell commented on the restart plan of the bankrupt cryptocurrency exchange FTX, stating that FTX 2.0 will be worse than starting from scratch. He pointed out that FTX 2.0 has no team, no technology, no license, no bank cooperation, and the brand has been damaged. He suggested that the custodian should auction the domain name and trademark to the highest bidder. Anything else is just an attack on delusional creditors' expense extraction.

Jack Dorsey: Willing to build an open internet currency transfer protocol with Coinbase

Jack Dorsey responded to Coinbase CEO Brian Armstrong's tweet by saying, "There is no doubt that Coinbase has introduced Bitcoin to more people, and I am grateful for that. If you could invest more resources into Bitcoin and Layer 2 technologies that you originally focused on, that would be great, and we would be happy to partner with you. We hope to have an open internet currency transfer protocol, rather than being controlled by individuals, companies, or governments. We are on the same team." BlockBeats previously reported that Coinbase CEO Brian Armstrong responded to Jack Dorsey's question about why Coinbase has been ignoring the Bitcoin Lightning Network payment solution, saying that they are researching how to best add the Lightning Network. This is not easy and requires full support for the development of Bitcoin payments.

Insider: CZ attempted to shut down Binance.US but failed, then tried to sell the company

According to sources cited by The Information, Binance founder CZ attempted to shut down Binance.US earlier this year. The board then voted on the matter but failed to obtain the unanimous support needed to make the decision. Binance.US was valued at $4.5 billion by investors last year. The source said that Binance.US CEO Brian Shroder was the only one who opposed the move, as he was concerned that a sudden shutdown could force Binance.US customers to quickly transfer or liquidate their cryptocurrencies, thereby harming their interests. CZ then attempted to sell Binance.US and held talks with executives from Gemini and sovereign wealth funds. Representatives from Binance and Gemini declined to comment on the matter. A spokesperson for Binance.US did not respond to multiple requests for comment.

Data

Data: Grayscale's GBTC and ETHE trusts generated over $40 million in revenue in July

According to The Block, Grayscale's flagship Bitcoin and Ethereum trust funds, GBTC and ETHE, are expected to generate a revenue of $41.92 million in July, with a projected revenue of $126.2 million for the second quarter. Despite its parent company, Digital Currency Group, facing uncertainty, Grayscale Investments continues to remain profitable.

SlowMist: Uwerx suffers attack, loses about 174.78 ETH

Uwerx, a blockchain-based freelance platform, was attacked and lost approximately 174.78 ETH. According to SlowMist's analysis, the root cause of the attack is that when the receiving address is uniswapPoolAddress (0x01), 1% of the transferred tokens from the from address will be burned. Therefore, the attacker used the skim function of the uniswapv2 pool to consume a large amount of WERX tokens, then maliciously raised the token price by calling the sync function, and finally exchanged the remaining WERX for ETH to obtain profits. According to MistTrack's analysis, the initial funds of the hacker came from 10 BNB transferred from Tornadocash, which were then exchanged for 1.3 ETH and cross-chained to Ethereum through Socket. Currently, the stolen funds are still on the hacker's address starting with 0x605.

Phalcon: Neutra Finance suffered price manipulation attacks, losing about 23.5 ETH

According to Phalcon, a security development and proactive defense suite under BlockSec, the DeFi protocol Neutra Finance in the Arbitrum ecosystem was attacked, resulting in a loss of approximately 23.5 ETH. The attack was caused by the use of the convert function with the spot price. Specifically, two LP tokens from different pools with the same name (CMLT-LP) were shared, and the convert function was used to convert from one (CMLT-LP-65eb) to the other (CMLT-LP-2ea3).

LeetSwap developers claim to have recovered about 220ETH

Base chain DEX LeetSwap developers tweeted that they have recovered about 220 Ethereum (ETH) so far, and are working with white hat hackers and security researchers to recover as much funds as possible. They will announce the details of returning the recovered ETH to users in a few days. In addition, the LeetSwap team also reported DDoS attacks on their website and warned users to beware of scammers and impersonators.

Data: A certain whale borrowed 140,000 BNB from Venus 6 hours ago and deposited it into Binance

According to Lookonchain monitoring, about 6 hours ago, a certain whale address borrowed 140,000 BNB (worth about $34 million) from Venus and deposited it into Binance. Lookonchain speculates that this address may use these BNB for staking in CYBER and SEI mining.

Data: Aave's native stablecoin GHO has a circulation of over 10 million

According to Etherscan data, Aave's native stablecoin GHO has surpassed 10 million in circulation since its launch on the Ethereum mainnet on July 15th, with a current total of 10,624,072 coins.

Ripple releases Q2 XRP market report: the company holds over 5.5 billion XRP as of June 30th

Ripple recently released its 2023 Q2 XRP market report. The report indicates that Ripple's XRP is divided into two categories, including XRP available in the current wallet and XRP locked under ledger custody (these XRP will be released every month within the next 42 months). For the latter category, Ripple cannot access the XRP until it is released to Ripple under custody every month. The vast majority of released XRP is returned to custody. As of March 31, 2023, Ripple holds a total of 5,506,585,918 XRP, and the total amount of XRP held under ledger custody is 42,800,000,013. As of June 30, 2023, Ripple holds a total of 5,551,119,094 XRP, and the total amount of XRP held under ledger custody is 41,900,000,005.

CRV dropped below $0.56 again in a short period of time, with a daily decline of 6.12%.

Digital artist Beeple buys CryptoPunk 4593 for 113.69 ETH

MKR surges above $1300, hitting a new high since May 2022

According to OKX market information, MKR has risen and broken through $1300, currently trading at $1336, reaching a new high since May 2022.

CoinShares Q2 Report: Total revenue increased by 33% YoY to £20.3 million, with a quarterly profit of £5.3 million

According to a report by Cointelegraph, CoinShares, a European provider of encrypted ETPs, reported a total revenue of £20.3 million (approximately $25.9 million) in the second quarter, a year-on-year increase of 33%. Among them, management fee revenue decreased by 25% year-on-year to £10.6 million (approximately $13.52 million), and capital market business revenue was £10 million (approximately $12.76 million). CoinShares' second-quarter profit was £5.3 million (approximately $6.76 million), compared with a loss of £600,000 (approximately $770,000) in the same period last year. Currently, CoinShares' asset management scale is approximately £2.1 billion (approximately $2.68 billion).

Bitcoin breaks $30,000 in a short time, with a 24-hour increase of 2.58%

According to OKX market data, Bitcoin has briefly surpassed $30,000 and is currently trading at $30,000.1 with a 24-hour increase of 2.58%.

MicroStrategy purchased 467 bitcoins for approximately $14.4 million in July

MicroStrategy founder Michael Saylor posted on social media that MicroStrategy purchased approximately $14.4 million worth of 467 bitcoins in July. According to MicroStrategy's financial report, it increased its holdings by 12,333 bitcoins in Q2. As of July 31, 2023, MicroStrategy has purchased 152,800 bitcoins for approximately $4.53 billion, with an average price of $29,672 per bitcoin.

Funding

Digital wallet startup company Naval completes $4 million seed round financing, led by BlockTower

According to Bizjournals, digital wallet startup Naval has announced the completion of a $4 million seed round of financing, led by BlockTower. It is reported that Narval is building an enterprise-level Web3 wallet platform that allows organizations to securely use complex digital assets, such as NFTs, in the Web3 field.

Decentralized user data infrastructure Terminal 3 completes Pre-Seed round of financing, with participation from Bixin Ventures and others

According to Chainwire, Terminal 3, a decentralized user data infrastructure service provider based in Hong Kong, announced the completion of its Pre-Seed round of financing with oversubscription. The specific amount has not been disclosed yet. Participating investors include 500 Global, CMCC Global, Consensys Mesh, Bixin Ventures, BlackPine, DWeb3, Hard Yaka, Bored Room Ventures, and Mozaik Capital. Terminal 3 aims to replace the centralized data storage model and use decentralized storage and zero-knowledge proof to help enterprises solve compliance and security issues with user data, allowing for free combination of user data while maintaining complete privacy and security.

Open source software security solution Socket completes $20 million Series A financing, led by a16z

The open source software security solution Socket announced the completion of a $20 million Series A financing led by Andreessen Horowitz (a16z), with other participating investors including Abstract Ventures. Socket's total financing amount is $24.6 million, and the future funds will be used to expand the Socket team and support and integrate more programming languages. Socket's current clients include Metamask, Brave, Magic Eden, Figma, and Vercel. Unlike traditional static analysis tools, Socket's open source code security vulnerability detection service can provide actionable feedback related to dependency risks, rather than hundreds of meaningless alerts. In addition, Socket recently launched a ChatGPT connector that can summarize potential issues in software packages and identify "uncommon" code patterns.

Web3 gaming participation platform developer Conductive.ai completes seed round financing, led by Animoca Brands

Web3 game participation platform developer Conductive.ai has completed its seed round of financing, with Animoca Brands leading the investment and Kraken Ventures, Bixin Ventures, Sound Ventures, Rubik Ventures and others participating. The amount of financing has not been disclosed. Conductive.ai's vision is to solve the biggest problem in the current gaming industry by improving user acquisition efficiency and enhancing player engagement, which will allow mainstream users around the world to access Web3 technology without the need to be familiar with Web3 wallets or technical processes. It is reported that Conductive.ai's platform includes a "Zero-Click" import tool, which simplifies the creation and login of Web3 accounts and eliminates the friction that is commonly found in platforms that use Web3 technology. (Cointelegraph)

MicroStrategy plans to sell up to $750 million in stocks for the purpose of purchasing Bitcoin and other uses.

According to the documents submitted by MicroStrategy to the US Securities and Exchange Commission (SEC), the company plans to issue and sell up to $750 million worth of stocks for general corporate purposes, including the acquisition of Bitcoin and working capital.

Regulation

India, the current G20 presidency, has issued a statement on the development of global cryptocurrency regulations.

The current G20 presidency country, India, has released a chairman's statement on cryptocurrency, attempting to incorporate Indian suggestions into the global framework of cryptocurrency rules. The statement calls for a comprehensive document that includes action points, such as the effective implementation of recommendations from the Financial Stability Board and all other standard-setting bodies. In addition, the statement also calls for consideration of the macro-financial impacts and risks specific to emerging markets and developing economies. Other action points include outreach to all jurisdictions to raise awareness of risks, starting with areas with higher adoption rates of crypto assets, involving non-G20 members, and entrusting the responsibility of coordinating global cryptocurrency rule-making to the International Monetary Fund and the Financial Stability Board. (CoinDesk)

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