The U.S. House Financial Services Committee is poised to launch a series of crypto hearings digging into several aspects of the industry, including decentralized finance (DeFi), the Securities and Exchange Commission’s oversight of digital assets businesses and the implications of “pig butchering” scams.Source
Ryan Salame, the former FTX executive sentenced to 7.5 years in prison in May, has withdrawn a legal request to a New York court asking that the conditions of his plea deal with prosecutors be enforced or that his plea be thrown out and his sentence vacated.Source
World Liberty Financial is “the only crypto DeFi platform supported by Donald J. Trump,” according to homepage metadata.Source
As bots come to dominate trading on DEXs, a new price prediction platform allows human traders to demonstrate what they are good at, says Maksim Balashevich, the founder of Santiment.Source
The Trump family has for weeks loudly – but coyly – said they’re getting into crypto. More information might finally be coming soon.Source
El Salvador now holds $400 million in its “public wallet alone,” President Nayib Bukele said in an interview with TIME.Source
A recap of the crypto market from August 11th to 17th.Source
Company officials told CoinDesk this was its biggest acquisition to date, bringing on 42 developers and engineers from the Bware team and increasing Alchemy’s headcount to 210.Source
NFTs “expose the incoherence of the SEC’s understanding of what it’s authorized to regulate,” says law professor Brian L. Frye, following news yesterday that the SEC has issued a Wells notice against OpenSea, claiming the NFT platform has violated securities law.Source