Crypto Lender Genesis Amends Reorganization Plan as Mediated Talks Continue
The updated plan from mediated discussions with parent company DCG reflects “substantial agreement” on several key issues.Source
Bitmain’s S19 Bitcoin Miners Account for Bulk of Network Hashrate, Says New Research
The bitcoin network’s energy efficiency has improved dramatically in the past five years.Source
FEWOCiOUS and Adidas Team Up on Digital and Physical NFT Sneakers
The Adidas Originals x Fewocious collection includes an NFT and a physical Adidas Originals Campus 00’s sneaker designed by the 20-year-old artist.Source
Snoop Dogg Drops New NFTs That Evolve With His Tour
The Snoop Dogg Passport Series NFT will evolve over time as the rapper embarks on a tour this summer.Source
Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode.Source
Bitstamp, Interactive Brokers Join UK Crypto Register as First Additions in 6 Months
The two are the first companies added by the Financial Conduct Authority to the crypto register in six months.Source
Guy Fieri and Sammy Hagar Launch Web3 Tequila Loyalty Program
The Santo Spirits Club loyalty program will reward members with tiered perks, including an opportunity to win a virtual tequila tasting with Hagar and Fieri, as well as autographed guitars.Source
BitGo’s Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge
Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of the deal last August amid the industry’s sustained bear market.Source
Binance.US Market Depth Declines 76% in June Following SEC Lawsuit
Binance.US’s market depth has dropped in June as market makers are fleeing the exchange following the SEC’s lawsuit.Source
21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO
While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.Source