arkenfinance (@arkenfinance) • Hey

Publications

Market is experiencing some pre-halving dip haha, but it will bounce back up 💪
Bonsai DN404 NFT "Season One" reveal: coming soon™
I so much love Phaver and lens
Joy is Coming.. it gonna reach us all 🤲
Check out your new randomized NFT for your Lens Profile
When Lily met Poppy at @lens/ethglobal İstanbul Find the team on the ground to mint your exclusive @lens/fini
WAGMI 💪
Lens and Phaver keep building 💪👍
gm Devconnect. The GHOsts are in İstanbul 🇹🇷 Say hey to the team on the ground.
Nice
Using courts for every crypto issue will squash innovation — Grayscale CEO Grayscale CEO Michael Sonnenshein emphasized the need for a balanced regulatory approach to cryptocurrency to avoid hindering innovation in the United States. https://cointelegraph.com/news/court-crypto-issuance-innovation-grayscale-ceo
Curve Finance vows to reimburse users after $62M hack The platform said it would assess each impacted user for reimbursement. https://cointelegraph.com/news/curve-finance-vows-to-reimburse-users-after-hack
Judge revokes Sam Bankman-Fried’s bail, remands him to custody: Report Sam Bankman-Fried was reportedly led out of a New York courtroom in handcuffs after alleged attempts to influence or intimidate witnesses in his criminal case. https://cointelegraph.com/news/judge-orders-sam-bankman-fried-bail-revoked-following-allegations-witness-intimidation
NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon. https://cointelegraph.com/news/nft-y00ts-returns-polygon-grant-migrates-to-ethereum
Former FTX exec Ryan Salame and US prosecutors are discussing a plea deal: Report It's unclear whether any reported guilty plea from Ryan Salame would have the former FTX Digital Markets co-CEO testify at Sam Bankman-Fried's trial in October. https://cointelegraph.com/news/former-ftx-exec-ryan-salame-prosecutors-discuss-plea-deal
Breaking: PayPal launches PYUSD stablecoin for payment Payment processing giant PayPal launched crypto payments in 2020 and has since been actively involved in the sector. https://cointelegraph.com/news/paypal-launches-stablecoin-for-payment
No crypto plans for X: Elon Musk debunks scam token claims Elon Musk addressed the issue of scam tokens falsely claiming connections to the social media platform. https://cointelegraph.com/news/elon-musk-debunks-scam-token-claims-assures-no-crypto-plans-for-x
US lawmakers urge White House to address North Korea’s use of digital assets: Report Sen. Elizabeth Warren was part of a group of lawmakers who pushed for provisions against crypto mixers and privacy coins in the National Defense Authorization Act in July. https://cointelegraph.com/news/us-lawmakers-urge-white-house-address-north-korea-digital-assets
Futureverse co-founders launch $50M venture fund The AI metaverse company raised $54 million in a Series A round in July. https://cointelegraph.com/news/futureverse-co-founders-launch-50m-venture-fund
FTX creditors unimpressed with exchange’s bankruptcy exit plan FTX’s official creditor committee said the current plan would add costs and delays to what’s already on track to be a historically expensive bankruptcy. https://cointelegraph.com/news/ftx-creditors-ignored-draft-bankruptcy-exit-plan
Happy new month to all my Phaver and Lenster Buddies
Crypto community reacts to Barbie star saying Bitcoin talk exudes Ken energy Michael Saylor, Layah Heilpern and Girl Gone Crypto were among those in the crypto community that took an interest in what Australian actress Margot Robbie had to say about Bitcoin. 4804 https://cointelegraph.com/news/crypto-community-barbie-star-bitcoin-ken-energy
US banking advocacy group supports Sen. Warren’s reintroduced crypto bill According to the Bank Policy Institute, including digital assets in the Anti-Money Laundering framework is essential for safeguarding the United States financial system. https://cointelegraph.com/news/us-banking-advocacy-senator-warren-crypto-bill
German regulator raised concerns about Binance CEO prior to license application withdrawal: Report BaFin reportedly advised Binance that CEO Changpeng Zhao wouldn’t pass a “fit and proper” test as part of the financial watchdog’s licensing regime. https://cointelegraph.com/news/german-regulator-raised-concerns-binance-ceo-license-application
Shiba Inu’s Shibarium Cross-Chain Bridge Open for Public Testing The Shiba Inu [SHIB] ecosystem has been prepping for the introduction of Shibarium. In anticipation of the official mainnet launch, the network, and community have been testing various additional features. Lucie Sasnikova from the Shiba Inu team recently disclosed that the cross-chain bridge, an integral part of the layer-2 scaling protocol Shibarium, is now available for public testing. https://watcher.guru/news/shiba-inu-shibarium-cross-chain-bridge-open-for-public-testing
Binance and CEO Changpeng Zhao intend to seek dismissal of CFTC complaint Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC. https://cointelegraph.com/news/binance-ceo-plans-motion-dismiss-cftc-complaint-lawsuit
Coinbase vs SEC court dates confirmed for initial case arguments A judge in New York has approved a joint request from the SEC and Coinbase to settle dates for opening briefs and all subsequent responses. https://cointelegraph.com/news/coinbase-vs-sec-court-dates-confirmed
Couple behind Bitfinex money laundering scheme reach plea deal with US prosecutors Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors. https://cointelegraph.com/news/couple-bitfinex-money-laundering-scheme-reach-plea-deal-prosecutors
US DoJ accuses FTX founder of leaking private diary of Caroline Ellison Sam Bankman-Fried attempted to publicly discredit government witness Caroline Ellison, who was once his business ally and a romantic partner, the DoJ argued. https://cointelegraph.com/news/ftx-founder-accused-of-leaking-caroline-ellisons-private-papers
Myanmar’s shadow government backs launch of crypto-based bank The Spring Development Bank is Myanmar’s first financial institution to run entirely on crypto and blockchain. https://cointelegraph.com/news/myanmar-shadow-government-backs-crypto-bank-launch
Australia’s financial regulator cancels license for FTX’s local entity ASIC had previously suspended FTX’s license to operate in Australia; now the securities regulator has canceled it entirely. [Australia’s financial regulator cancels license for FTX’s local entity](https://cointelegraph.com/news/ftx-australia-license-canceled-securities-regulator-asic) FTX Australia has seen its Australian Financial Services license canceled by ASIC after the regulator previously suspended it in November 2022.
Valkyrie ‘BRRR’ spot Bitcoin ETF enters SEC’s Nasdaq rulemaking list The SEC has accepted Valkyrie’s spot Bitcoin ETF filing for review. The fund would trade under “BRRR,” a reference to a popular meme in the Bitcoin community. [Valkyrie ‘BRRR’ spot Bitcoin ETF enters SEC’s Nasdaq rulemaking list](https://cointelegraph.com/news/bitcoin-sec-valkyrie-spot-bitcoin-etf-enters-nasdaq-rulemaking-list-by-sec) The U.S. SEC has accepted Valkyrie’s spot Bitcoin ETF proposal for official review and now has up to 90 days to consider its listing on Nasdaq.
FSB finalizes its recommendations for a global crypto framework The Financial Stability Board states that crypto platforms must segregate clients’ digital assets from their own funds and clearly separate functions to avoid conflict of interest. [FSB finalizes its recommendations for a global crypto framework](https://cointelegraph.com/news/crypto-fsb-finalizes-its-recommendations-for-a-global-crypto-framework) The guidelines recommended to the 20 leading economies of the world are crafted upon the principle of “same activity, same risk, same regulation.”
Ripple CLO says court ruling could encourage banks to adopt XRP: Report A July 13 court ruling in Ripple’s legal battle with the SEC suggested XRP may not necessarily be a security, a decision that has already made significant waves in the space. [Ripple CLO says court ruling could encourage banks to adopt XRP: Report](https://cointelegraph.com/news/ripple-clo-court-ruling-encourage-banks-adopt-xrp) Ripple Labs chief legal officer Stu Alderoty was reportedly hopeful a ruling in XRP's favor could result in banks adopting the token for use in cross-border payments.
SEC could be waiting ‘years’ to file appeal in Ripple case — Brad Garlinghouse According to Ripple CEO Brad Garlinghouse, an appeal by the U.S. Securities and Exchange Commission would only reinforce Judge Torres’s decision that XRP is not a security. [SEC could be waiting ‘years’ to file appeal in Ripple case — Brad Garlinghouse](https://cointelegraph.com/news/sec-file-appeal-ripple-case-brad-garlinghouse) Ripple CEO Brad Garlinghouse predicted that the opportunity for the United States Securities and Exchange Commission to file an appeal in the Ripple case “would take years.”
Senator Lummis urges clear crypto regulations after XRP ruling The outcome of the case could establish a precedent that shapes the regulatory landscape for digital assets within the United States. [Senator Lummis urges clear crypto regulations after XRP ruling](https://cointelegraph.com/news/senator-lummis-urges-clear-crypto-regulations-after-xrp-ruling) Senator Cynthia Lummis stresses the need for a clear crypto framework after a court ruling on XRP.
Telegram Wallet bot enables in-app payments in Bitcoin, USDT and TON Wallet, a custodial wallet bot on Telegram, says that merchants should sort out for themselves whether their jurisdictions allow them to accept payments in crypto. [Telegram Wallet bot enables in-app payments in Bitcoin, USDT and TON](https://cointelegraph.com/news/telegram-wallet-bot-enables-in-app-payments-in-bitcoin-usdt-and-ton) Telegram’s Wallet bot launches a new service enabling crypto payments between users and businesses directly within the Telegram interface.
Polygon proposes upgrading MATIC into a multipurpose token for all chains The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will re [Polygon proposes upgrading MATIC into a multipurpose token for all chains](https://cointelegraph.com/news/polygon-to-upgrade-matic-into-pol-a-multipurpose-token-for-all-chains) POL staking can open up three incentive streams for validators: protocol rewards, transaction fees and additional rewards.
Celsius files lawsuit to recover $150M from staking platform StakeHound Celsius aims to claw back 40 million MATIC, 66,000 DOT, 25,000 staked native ETH and 35,000 ETH from liquid staking platform StakeHound. [Celsius files lawsuit to recover $150M from staking platform StakeHound](https://cointelegraph.com/news/celsius-files-lawsuit-to-recover-150m-from-staking-platform-stakehound) Celsius also demands compensation for the alleged breaches of StakeHound’s contractual obligations to the firm.
I love using this app
Bitcoin on $3K discount at Binance.US, but there’s a catch Bitcoin is selling for just over $27,500 on Binance.US, a nearly $3,000 discount from global spot prices. [Bitcoin on $3K discount at Binance.US, but there’s a catch](https://cointelegraph.com/news/bitcoin-btc-discount-binance-us-but-theres-a-catch) Binance.US is seeing large discounts in USD-denominated crypto pairs as BTC has fallen to $27,500 on the exchange.
DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455K A loophole in the code allowed the hacker to drain funds worth roughly $455,000 from Arcadia’s Ethereum and Optimism vaults. [DeFi protocol Arcadia Finance hacked on Ethereum and Optimism for $455K](https://cointelegraph.com/news/arcadia-finance-hacked-on-ethereum-and-optimism-for-455k) While investigations are underway, Arcadia’s code houses another vulnerability, which could prove catastrophic for the protocol if exploited.
Here’s what SOC 2 compliance audits mean for crypto projects While the audit demonstrates trust and transparency, Eric Lister from audit firm A-LIGN explained that it does not improve business systems. [Here’s what SOC 2 compliance audits mean for crypto projects](https://cointelegraph.com/news/crypto-soc-2-here-s-what-soc-2-compliance-audits-mean) Audit firm A-LIGN’s Eric Lister said that the SOC 2 Type 2 audit allows companies to demonstrate trust and transparency to their customers.
Coinbase was aware of securities law violations, the SEC claims in letter According to the SEC, Coinbase recognized the probability that federal securities laws would apply to its operations, openly informing its shareholders about the risk. [Coinbase was aware of securities law violations, the SEC claims in letter](https://cointelegraph.com/news/coinbase-was-aware-of-securities-law-violations-the-sec-claims) The US SEC filed a response to Coinbase's claims that the regulator lacks jurisdiction to prosecute the crypto exchange.
AI tool revolutionizes brain tumor treatment by guiding surgeons: Study Although the tool’s accuracy may not match current genetic tests, it can swiftly predict a tumor’s profile. [AI tool revolutionizes brain tumor treatment by guiding surgeons: Study](https://cointelegraph.com/news/ai-tool-revolutionizes-brain-tumor-treatment-by-guiding-surgeons-study) AI tool “Charm” aids surgeons in fighting aggressive brain tumors by identifying crucial characteristics during surgery.
Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program Gemini co-founder Cameron Winklevoss alleged Barry Silbert committed fraud by knowing Genesis was “massively insolvent” when attempting to continue the Earn program. [Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program](https://cointelegraph.com/news/gemini-files-lawsuit-against-digital-currency-group-barry-silbert-genesis-earn-program) A complaint alleged DCG and CEO Barry Silbert engaged in a scheme involving misleading financial statements and "encouraging and facilitating Genesis’s fraud against Gemini".
Google Cloud furthers Bitcoin Lightning ambitions with Voltage partnership Lightning strikes Google Cloud as Apple closes the door on Bitcoin tipping — why a recent collaboration could bolster Bitcoin Lightning Network activity. [Google Cloud furthers Bitcoin Lightning ambitions with Voltage partnership](https://cointelegraph.com/news/google-cloud-bitcoin-lightning-voltage-partnership) Google Ventures, has shown a robust interest in blockchain and Web3 companies, as well as Bitcoin.
Crypto developer commits $2M rug pull fraud to fuel gambling addiction A Redditor described the developer’s gambling addiction excuse as a “weird way to rug,” as projects usually just run away and delete all the evidence. [Crypto developer commits $2M rug pull fraud to fuel gambling addiction](https://cointelegraph.com/news/crypto-developer-commits-2m-rug-pull-fraud-to-fuel-gambling-addiction) A developer decided to pull the rug on investors during a liquidity migration event, crashing the token’s price by 99%.
‘Bitcoin is an international asset' — BlackRock CEO’s bullish remarks The CEO of the world’s largest asset management firm, Larry Fink, spoke on BlackRock's spot Bitcoin ETF filing and the potential benefits of crypto. [‘Bitcoin is an international asset' — BlackRock CEO’s bullish remarks](https://cointelegraph.com/news/bitcoin-international-asset-black-rock-ceo-bullish-remarks) BlackRock CEO Larry Fink addressed the Fox Business audience on July 5 to speak on Bitcoin, the firm’s ETF filing and democratizing crypto.
Crypto-friendly DBS Bank launches digital yuan payment tool Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen. [Crypto-friendly DBS Bank launches digital yuan payment tool](https://cointelegraph.com/news/crypto-friendly-dbs-bank-launches-digital-yuan-payment-tool) DBS Bank China has launched the e-CNY merchant solution, allowing mainland businesses to receive payments in the CBDC.