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Powers On… Summer musings after two particularly bad months in cryptoland

Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration

Transfer between custodied and non-custodied accounts can now take place within the Solflare wallet

Policy think tank asks Philippine government to ban Binance over promotions

Binance responded to the letter saying that they take compliance seriously and are looking to secure licenses in the country.

Animoca, WeMade, Samsung Next back Web3 studio to develop open-source games

The company plans to use the funds to build a gaming ecosystem based on Libplanet blockchain technology.

British investment managers call for the blockchain-traded funds' approval

The Investment Association believes the new technology will bring significant cost savings for end investors.

Crema hacker returns $8M, keeps $1.6M in deal with protocol

The Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.

WSJ editorial slams SEC's 'bewildering' Bitcoin ETF denials

The editorial board has drawn attention to a two-pronged approach employed by SEC's Gensler which makes it practically impossible to get a spot Bitcoin product approved.

Crypto owners banned from working on US Government crypto policies

A new legal advisory notice from the US Office of Government Ethics prohibits any employee who owns cryptocurrency from working on Federal crypto regulation.

NFTs to authenticate racing car parts: Nifty Newsletter, June 29–July 5

The most-followed TikTok creator Khaby Lame also partnered with Binance to create Web3 content and create nonfungible tokens with the exchange.

Price analysis 7/6: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO

Bitcoin and select altcoins are making an attempt at flipping key resistance levels, but negative news-flow and selling from BTC miners could continue to weigh on market sentiment.

Circle looks to reaffirm commitment to transparency as USDC market share soars

"With USDC, our business model is minimizing risk, not taking and managing risk,” wrote Jeremy Fox, Circle's CTO.

What does a bear-market ‘cleanse’ actually mean?

The latest bear market should send a clear signal to projects: It’s all about finding a problem that needs to be solved, and actually using your product to solve it.

NFT platform wars could be ahead, says new DappRadar report

OpenSea, UniSwap, MagicEden, eBay, and others are acquiring NFT aggregation tools and taking a stand to gain market share of the evolving NFT ecosystem.

Australia’s world-leading crypto laws are at the crossroads: The inside story

Web3 will unite users from social media platforms, says Aave exec

At this year’s NFT.NYC conference, Aave executive Christina Beltramini shared detailed insights into the platform’s recent launch and future vision.

Italian government will provide $46 million in subsidies for blockchain projects

All companies developing IoT, AI, or blockchain technology will be eligible to apply for government subsidies provided the funds will be used in specific sectors, such as health.

With the bear market in full throttle, crypto derivatives retain their popularity

"Derivatives provide opportunities to protect their portfolios during times of heightened market volatility," says Emerson Li, brand lead at BingX.

Lamborghini-backed GT racing team to authenticate car parts using NFTs

Former racing champion Vincenzo Sospiri said that this will allow them to monitor and ensure the quality of their car parts.

Crypto investor Sequoia Capital China reportedly raises $9 billion

Sequoia China is known for backing many crypto firms, including the troubled crypto lender Babel Finance, which halted withdrawals in mid-June.

Multichain adds Rootstock to its blockchain bridge ecosystem

The RSK sidechain is the first Bitcoin-based sidechain to be incorporated into Multichain.

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