Bloomberg Apologizes to Binance, Buterin’s Crypto Politics, BTC’s Tremendous Growth

Welcome back, Hamsters! Today’s news is packed with major updates and intriguing developments. From FTX’s proposed settlement to multi-million dollar hacks and Kraken’s international expansion, here’s what’s happening in the crypto world.

FTX’s $12.7 Billion Settlement

In a dramatic development, FTX has proposed a $12.7 billion settlement with the Commodity Futures Trading Commission (CFTC). This monumental fine is part of the ongoing legal battle following the exchange’s collapse. The final decision on this matter is expected on August 6th. This settlement underscores the scale of FTX’s legal troubles and the crypto industry’s regulatory challenges.

Political Moves and Donations

Tyler Winklevoss, co-founder of Gemini, has announced a $500,000 donation to attorney John Dayton’s Senate campaign. This donation follows a highly critical social media post directed at Senator Elizabeth Warren. Winklevoss’s move highlights the intersection of cryptocurrency and politics and reflects ongoing debates within the crypto community.

Hamster Kombat Update

Hamster Kombat has introduced an intriguing new feature: a quiz where players must solve puzzles to find keys. While the exact purpose of these keys remains unclear, it seems they are accumulating within the game. Stay tuned for more updates as we uncover the reasons behind this new feature.

WazirX Hack

In unfortunate news, WazirX has suffered a $235 million hack. The exchange has addressed the situation on social media, explaining discrepancies in their interface and assuring users that they are working diligently to recover the stolen funds. This incident highlights ongoing security issues in the crypto industry.

MTGox Updates

MTGox is back in the news due to reports of multiple login attempts on user accounts. This has raised concerns about a potential cyber attack. The situation is being investigated as the community awaits further updates.

Kraken’s Global Expansion

On a positive note, Kraken is expanding its reach! The cryptocurrency exchange is launching its Kraken Custody service for institutional clients in the United Kingdom and Australia. This expansion marks a significant milestone for Kraken as it extends its services to new international markets.

Conclusion

This week has been eventful with major legal settlements, political donations, and significant security breaches shaking up the cryptocurrency world. Meanwhile, exciting updates in Hamster Kombat and Kraken’s expansion offer a glimmer of positive news. Stay tuned for more updates and developments in the ever-evolving crypto space!