Figure Abandons Quest to be U.S. Chartered Crypto Bank After Three-Year Fight

Figure Technologies, Inc., has pulled its application to become a federally chartered bank in the U.S., ending a three-year rollercoaster ride as regulators clamped down on crypto activity and digital assets banking suffered a black eye when regional lenders associated with the tech world cratered earlier this year.Source

Coinbase Beats Analyst Estimates for Q2, but Transaction Revenue Falls

The crypto exchange beat on both the top and bottom lines, but transaction revenue and total trading volume fell.Source

Curve Founder Still Owes $80M Despite Raising Nearly $30M in Past Two Days

Michael Egorov is under liquidation pressure following the CRV’s recent price drop and Curve exploit.Source

Curve Offers Hackers 10% Bounty in Exchange for Return of Crypto

“We will pursue you from all angles with the full extent of the law,” said Curve, Metronome and Alchemix.Source

Polygon Claims Matter Labs Copied Its Code Without Attribution

In a blog post, Polygon shared that Matter Labs had copy-pasted part of the code from their Plonky2 library.Source

Traders Ditch USDT on Curve, Uniswap, Pushing Key Exchange Pools Into Imbalance

Similar imbalances happened when Terra imploded in May 2022 and after the Silicon Valley Bank crisis hit USDC issuer Circle in March.Source

Elon Musk’s X Seeks Data Partner to Build Trading Service on App: Semafor

Elon Musk’s soon-to-be super app X, formerly known as Twitter, is looking for a financial-data giant to build a trading hub inside the app, news outlet Semafor reported citing documents and people familiar with the matter.Source

South Korean Exchange Upbit Surpasses Coinbase, OKX in July Trading Volume to Take No. 2 Spot for First Time

The exchange bucked the general market trend that saw a decline in trading volume for most centralized exchanges.Source

Animoca Brands-Backed Game ‘Wreck League’ Puts Bored Apes Into the Storyline

The new game, launching in the next few weeks, will allow players to assemble giant robotic characters using collectible NFT parts.Source

TradFi Giant Direxion Joins Crypto ETF Race by Filing for Combined Bitcoin and Ether Futures Fund

The move comes the same week that six other companies filed to launch ether futures ETFs.Source