The UK’s HM Treasury has officially rejected the House of Commons Treasury Committee’s recent recommendation to regulate crypto trading not as financial assets but as gambling instruments. Let’s find out more. 

Bitcoin 

Elon Musk’s Tesla has continued to hodl its BTC reserves for the fourth consecutive quarter after being forced to divest 75% of its reserves in 2022 Q2. 

After hitting the range bottom, BTC looks to be heading higher once more, with the bulls looking to test the $31,000 to $32,000 major resistance again. 

Ethereum

In the midst of a rebounding crypto market, Vitalik Buterin has hinted at a forthcoming upgrade to the Ethereum network, which could potentially reduce costs by a factor of 100.

DeFi

DeFi protocol Conic Finance revealed that it had suffered an exploit, with the attacker draining over 1700 ETH worth $3.6 million from one of its Omnipools.

Uniswap founder Hayden Adam’s Twitter account suffered a breach, with hackers sending out several tweets leading users to scam websites and phishing links.

Leading DEX platform Spectrum Finance has revealed its strategic collaboration with Cardano, the innovative smart contract platform.

Axelar has launched the Interchain Token Service, a solution designed to enhance the interoperability of ERC-20 tokens across all EVM-compatible chains.

Altcoins

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Author: Amara Khatri

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