Gensler Hearing Shows Key Senate Democrat Digging in Heels on Crypto

While U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler was in the hot seat at a Senate hearing on Tuesday, the most important crypto sentiments may have come from Sen. Sherrod Brown (D-Ohio), who tarred much of the industry as dangerous fraudsters.Source

Crypto Price Whipsaw Triggers $256M in Liquidation Losses

This week’s quick plunge and rebound in cryptocurrency prices triggered $256 million in liquidation losses, Coinglass data shows.Source

Namesake of Ethereum’s ‘Danksharding’ Says ‘Data Availability’ Too Confusing a Term

The Ethereum Foundation’s Dankrad Feist says he thinks a lot of people are stumped by the term “data availability,” even as the concept gains momentum in blockchain tech circles.Source

NounsDAO Barrels Toward Treasury Split After NFT Holders Rally for ‘Rage Quit’

The NFT project is going to fork.Source

SEC Counters Ripple in Effort to Appeal Groundbreaking XRP Ruling

Whether or not Ripple violated securities law in making XRP available to retail investors by putting it on crypto exchanges is absolutely a question that needs appeals court intervention, the U.S. Securities and Exchange Commission (SEC) argued Friday.Source

NFT Video Startup Glass Falls to Crypto Bear Market

The startup’s founders say they’re ending active development after two years.Source

A New Crypto Scam Shows Perils of Elon Musk’s Twitter

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Grayscale Ethereum Trust Discount Drops to Lowest in a Year Amid Spot Ether ETF Push

The recent optimism around crypto spot exchange-traded funds helped narrow the ETHE discount.Source

Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust

A person with knowledge of the matter said the figure was less than the $250 million price tag for custody firm Metaco, which Ripple acquired in May.Source