Venture-Backed Saddle Finance Proposes Wind-Down, Dissolution

The Ethereum-based crypto trading protocol will shut down and distribute its treasury to investors.Source

Marathon Digital Misses Q2 Earnings and Revenue Estimates

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Former FTX Exec Ryan Salame Talking to Prosecutors About Plea Deal: Bloomberg

It was not known whether Salame would cooperate with prosecutors and testify against FTX co-founder and CEO Sam Bankman-Fried.Source

Desperately Seeking Crypto’s Killer App

When you take away the speculation, what Web3 services actually deliver utility for users?Source

Crypto Market Leaders and Laggards: The Biggest Movers of the Week

Stellar (XLM), XRP (XRP) and Shiba Inu (SHIB) were notable winners from the last week, while Curve Finance (CRV) and Augur (REP) struggled. The market is down overall, according to CoinDesk Market Index, but only marginally compared to recent growth.Source

Lessons of a $37M Attack: How a Ukrainian Payment Processor Was Hacked

CoinsPaid, a crypto payment processing company with Ukrainian roots, fell a victim to a social engineering attack, thought to have emanated from Lazarus, a North Korean hacking group.Source

Bavaria’s Data Regulator Had Not Concluded Assessment of Worldcoin When the Project Launched

The Sam Altman co-founded project has been shut down in Kenya over privacy concerns.Source

Solana-Based Cypher Protocol Experiences Exploit, Freezes Smart Contract

The protocol’s contracts are now frozen as contributors attempt to make contact with hackers to negotiate a return of funds.Source

Crypto Exchange Mango’s Legal Bills Swell, a Year After Alleged $116M Heist

First the blockchain-based exchange was allegedly victimized by a market manipulator, and now it’s having to spend big on lawyers to pursue suits and other remedies.Source

PayPal’s Regulated Stablecoin Is a ‘Watershed Moment’ in Crypto Space, Says Partner Paxos

“The difference is significant because we have a prudential regulator,” said Paxos head of strategy Walter Hessert.Source