AI-Backed Web3 Security Firm Olympix Raises $4.3M
Boldstart Ventures led the round for the startup, which helps developers avoid vulnerabilities in smart contract code.
Finance
BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level
An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address.
BlackRock CEO’s Turnabout on Bitcoin Elicits Cheers, Skepticism of Crypto Cred
BlackRock CEO Larry Fink’s change of heart on bitcoin could make it easier for fellow Wall Street executives to embrace cryptocurrencies, but experts warn that his favored financial instrument – the exchange-traded fund, or ETF – is an investment vehicle that’s categorically different from the core idea behind digital assets, and could push the industry in the wrong direction.
Three Arrows Capital Liquidator May Try to Claw Back About $1.2B From DCG, BlockFi
A July 7 report from Teneo, the hedge fund’s liquidator, described the potential claims.
U.S. Added 209K Jobs in June, Missing Expectations for 230K
The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%.
Bitcoin Mining Is a Game of Survival, Consolidation and Potential AI Diversification: Bernstein
Mining stocks have been resurgent this year due to improving sentiment from institutional ETF filings and potential revenue diversification into high-performance computing and AI, the report said.
Binance CEO ‘CZ’ Brushes Off News of Top Executive Departures
Binance General Counsel Han Ng, Chief Strategy Officer Patrick Hillmann, and Senior Vice President for Compliance Steven Christie are among those that left the company, reportedly over its handling of DOJ investigations.
Tom Brady’s NFT Startup Autograph Shifts Strategy Amid Struggles: NYT
Autograph is now shifting to a broader focus on helping celebs foster loyalty with their fans and has removed some crypto language from its marketing.
Taylor Swift Approved Sponsorship Deal With FTX, Despite Previous Reports: NYT
Swift signed the sponsorship agreement worth as much as $100 million following more than six months of discussions.
DeFi Firms Sign Up to Balancer’s Plan for Tackling Lack of Liquidity
Decentralized finance (DeFi) protocol Balancer has attracted several of its peers with a new tokenomics proposal dubbed the “8020 Initiative.”