WuBlockchain Weekly：ETH Leading Soar、Tesla Dumped and Top10 News

Top10 News

1、Rebounded, ETH led the rise, and the merger narrative worked？
The market had a good rally after negative news such as CPI explosion and interest rate hike expectations, especially the narrative brought by the ethereum merger push, which led the market higher. The market pulled back slightly after Tesla's earnings report showed it had sold about 75% of its bitcoin, but the potential selling pressure was gone and Musk said he would add to his holdings in the future.

2、Tesla sold about 75% of its bitcoin holdings, and Musk said he would increase his holdings in the future
Tesla has sold about 75% of its Bitcoin holdings, adding $936 million in cash to its balance sheet in the second quarter. In early 2021, the company announced it had bought $1.5 billion worth of bitcoin. Tesla sold 10% of its bitcoin holdings in April 2021.
Musk said it was important for us to maximize our cash position because we weren't sure when the lockdown in China would ease. This should not be seen as some judgment on Bitcoin, just that we are concerned about the overall liquidity of the company. Tesla eventually reported a $106 million loss on purchases and sales. Musk said that despite the losses, the company was "definitely willing to increase our Bitcoin holdings in the future" and did not sell any dogecoin.

3、3AC: The creditors committee was established and the claim amount reached 3.5 billion US dollars, Zhu Su filed a claim of 5 million US dollars, Death threats forced hiding
3AC's creditors committee has been formed and consists of five members: DCG, Voyager, CoinList, Blockchain.com and Matrixport. Creditors' claims against 3AC now amount to $3.5 billion. In addition, 3AC owes $65 million to Mr. Davies's wife, Chen Kaili Kelly, and $5 million to Mr. Zhu. Kyle Davies and Su Zhu say death threats forced them to go into hiding.

4、Zipmex: Withdrawal suspended and restarted, loan to Babel Finance, SEC letter
Zipmex, a southeast Asian crypto exchange, also ran into funding problems, though it quickly reopened after suspending withdrawals. Zipmex's Singapore subsidiary is understood to have lent Babel Finance $100m through Zippup; The Securities and Exchange Commission of Thailand has sent a letter to Zipmex requesting a complete description of the events that led to the frozen withdrawals.

5、The Wall Street Journal forecasts a 49% chance of a recession in the coming year, with rates likely to rise to 3.25% by year-end and cuts likely to resume by the end of next year link

6、Coinbase secures Crypto Asset Service Provider approval in Italy link
By meeting the regulatory requirements, Coinbase will continue to offer crypto services in Italy, and has a clear path to bring new products and features to market in the country.

7、The Dutch central bank disclosed in April that it imposed an administrative fine of €3,325,000 on Binance
On July 18, the Dutch Central Bank revealed that it had imposed an administrative fine of €3,325,000 on Binance in April for providing cryptography services in the Netherlands without registering with DNB as required by law. Binance has a large customer base in the Netherlands. DNB reduced the fine by 5%, in part because Binance had already filed for registration and because binance had operated its business relatively transparently throughout the process. This registration is currently being evaluated by DNB.

9、Stablecoin Provider Circle Eyes Public Listing in Q4 This Year link
Circle’s CFO Jeremy Fox-Geen said the firm is a registered financial services company just like PayPal or Apple. Circle Yield, the firm’s interest-earning product, is regulated by the Bermuda Monetary Authority (BMA). Fox-Geen expects Circle to go public via a SPAC deal at the end of 2022.

10、Celsius Outlines Next Steps as Bankruptcy Proceedings Begin link
The insolvent crypto lender has said that it will give customers an option of staying "long crypto" or receiving a discounted cash settlement.

Fundraising

Multicoin, LedgerPrime back new $20 million hedge fund link
Dragonfly Capital Leads $13M Round for DeFi Infrastructure Startup XLD Finance link
NFT fraud fighters Optic raise $11 million in seed funding round link
Blockchain Security Startup Raises $90 Million Despite Crypto Winter link
Hashflow Raises $25M Series A from Jump Crypto, Wintermute, and GSR link
Bankman-Fried's Crypto Exchange FTX Is In Talks to Raise Funds After Buying Spree link
KuCoin Announces $10 Million Strategic Investment From SIG link

Learn more, check out DoveMetrics.

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An Overview of the Most Active Blockchain Investors in Q2'22 link
Arthur Hayes：Excalibur link