Cryptocurrencies keep pushing boundaries, and each headline is a testament to the industry’s growth. Let us bring you up to speed with the most significant stories from the past week. Next week also promises to be full of events that may affect the overall market picture.
Review of the past week:
| August 8, 2024 |
JPMorgan Boosts US Recession Chance to 35% by End of This Year. JPMorgan Chase & Co. now sees a 35% chance that the US economy tips into a recession by the end of this year, up from 25% as of the start of last month. Read more |
| August 8, 2024 | Brazil’s Securities and Exchange Commission Approves Solana-Based ETF.
The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF), the agency disclosed in its central database on Wednesday. Read more |
| August 9, 2024 | SEC subpoenas three crypto VCs in sign crackdown is gaining pace.
The US Securities and Exchange Commission has subpoenaed at least three crypto venture capital firms this year, according to a source familiar with the SEC’s investigation. Read more |
| August 9, 2024 | Tether to Double Staff by Mid-2025 in Compliance, Finance Push.
Tether Holdings Ltd., issuer of the $115 billion stablecoin USDT, plans to double the size of its workforce over the next year to bulk up in areas like compliance. Read more |
| August 10, 2024 | Celsius sues Tether, seeking $3.5B over Bitcoin collateral sell-off.
Defunct cryptocurrency exchange Celsius has filed a lawsuit against Tether alleging misappropriation of assets and seeking approximately $3.5 billion in BTC returns, damages and legal fees. Read more |
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Best regards,
FYBIT team
