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In a three-month span beginning in March 2023, the FBI shifted gears in their investigations involving digital currencies. Those efforts have led to the confiscation of an estimated $1.7 million in cryptocurrencies such as BTC, ETH, USDT, XMR, and DAI.
Some of these were traced back to Binance-affiliated wallets. Notably, the Eastern District of Virginia saw the most substantial single seizure of 428.5 ETH. 
US House Financial Services Committee members, led by Chair Patrick McHenry, are seeking clarity from the SEC and FINRA about how Prometheum secured a special purpose broker-dealer (SPBD) license.
They're probing if the SEC used Prometheum as a model firm to support Gary Gensler's stance that existing laws suffice for crypto regulation in the U.S.
Despite Prometheum's claims of being pivotal for regulated digital asset offerings, the lawmakers pointed out that the firm hasn't served any customers yet. Also they raised concerns about potential ties between Prometheum and the Chinese Communist Party.
The committee has requested related documents and communication records by Aug. 22. EthereumPoW (ETHW) Coin Review
On September 15, 2022, Ethereum introduced a pivotal upgrade, transitioning from the Proof-of-Work (PoW) consensus mechanism to Proof-of-Stake (PoS), dubbed "The Merge." However, some in the crypto community resisted this shift, seeing it as a deviation from Satoshi Nakamoto's foundational principles, and chose to retain the original algorithm. 
This initiative aimed at countering anti-crypto legislation by mobilizing the community.
Coinbase’s long-term plan is focused on cultivating a grassroots movement and building an engaged community that advocates for positive legal changes and crypto-friendly regulations.
This initiative marks the nation’s first ever independent on-chain advocacy organization, driven by and for crypto enthusiasts.
As of now, the initiative boasts 54 161 supporters on its webpage. 
A year has passed since WhiteBIT's exchange token was unveiled on August 14th.
In this brief time, the team behind it didn't just rest on their laurels; they launched a blockchain, making WBT's first anniversary a celebration of a genuine coin!
Facing the challenges of a prolonged bear market head-on, WBT swiftly carved out its own space, gaining a legion of ardent supporters.
Its market standing? A noteworthy triple of its inaugural IEO pricing and a 5th rank amidst centralized exchange tokens, as chronicled by CoinGecko.
We salute this shining star and hope for further ascent, delighting all crypto enthusiasts who set the level! 
PayPal suspends crypto buying services in the UK
Starting October 1, 2023, PayPal will no longer support cryptocurrency purchases for it's users from the United Kingdom. This action is consistent with the company's obligation to comply with local financial legislation.
While the measure is planned to last until the start of 2024, PayPal remains hopeful about restoring the service. During the suspension, users are free to either hold their existing cryptocurrencies without any associated fees or sell them if they choose. 
Coinbase has obtained regulatory approval from the National Futures Association (NFA), a CFTC-designated self-regulatory organization.
This approval allows Coinbase to function as a Futures Commission Merchant (FCM) and provide eligible US customers with access to crypto futures through its platforms.
With this approval, Coinbase becomes the first crypto-native platform to offer a combined solution featuring traditional spot crypto trading and regulated, leveraged crypto futures for their US verified customers. 
Crypto miners in the U.S. have initiated the Digital Energy Council to lobby for miner-friendly policies amidst ongoing crypto regulation debates.
The council aims to advocate for sustainable energy development, grid resilience, U.S. competitiveness, and national security.
This move comes as President Joe Biden's administration proposes a 30% excise tax on mining operations, citing societal harms. Additionally, Democratic lawmakers criticize miners for environmental concerns. 
Kevin Kelly, Delphi Digital's co-founder, suggests the crypto market is entering a new cycle. He highlights the consistency in crypto market timings, from peak-to-trough bottoms to recovery durations.
Using Bitcoin as a reference, Kelly describes a typical cycle: a new all-time high, an 80% drawdown, a recovery to the previous high in two years, and a rally to a new peak. This cycle aligns with broader business cycles.
Kelly also draws parallels between Bitcoin's price peaks and the ISM Manufacturing Index.
Despite potential short-term setbacks, Kelly remains optimistic about the market's outlook for the next 12-18 months. 
In collaboration with its subsidiary Zynga, acquired for $12.7 billion last year, Take-Two is launching “Sugartown,” a web3 game built on Ethereum, marking the debut of a “major mobile game developer” crafting a crypto-based game “from the ground up.”
Players will utilize Ethereum (or ERC-721) tokens to access the game, stake for energy, and earn in-game currency.
Access tokens named Oras will also be minted this year as part of an initial release. 
The decision comes as its parent company, Digital Currency Group (DCG), is in talks to bring in strategic investors. CoinDesk's CEO, Kevin Worth, described the move as necessary for a "financially sound business" and to facilitate the sale of CoinDesk Inc.
This layoff affects 20 individuals, making up almost half of the editorial team. Earlier reports suggested CoinDesk was close to a $125 million deal led by crypto investor Matthew Roszak of Tally Capital. 
Coinbase, the cryptocurrency exchange, has joined forces with Peoples Trust Company. This collaboration facilitates access to the Interac e-Transfers system, streamlining deposit and withdrawal processes for its Canadian user base.
What's more, they're gifting users a one-month free gateway into the Coinbase One subscription. This means no trade-related fees, amplified staking profits, and swift client support.
"Canada is well positioned to be a global leader in the cryptoeconomy thanks to the high levels of crypto awareness, a passionate local tech ecosystem, and the progress towards a strong regulatory framework," voiced Nana Murugesan, the International Development VP at Coinbase. 