Important News gathered from articles i read yesterday

I just want you know that crypto is always up in terms of adoption. These price drops are temporary ! Just look at the news even in fud adoption is up !

• Coinbase has cancelled plans to launch Lend, a product that would provide 4% interest on USDC holdings. Earlier this month, Coinbase said that the SEC threatened to sue the firm if it launched the product.

• Leading cryptocurrencies have fallen by double-digits amid a bearish week for the S&P 500 and China’s property giant Evergrande’s debt crisis.

• An unidentified hacker has stolen 277 wrapped Bitcoin, currently worth around $12.5 million, by exploiting a bug in decentralized finance (DeFi) interoperability protocol pNetwork, its developers disclosed on Sunday.

• Solana has released an initial postmortem about last week’s network outage. The Solana Foundation said that a flood of transactions caused by bots was “in effect, a denial of service attack.”

• Crypto exchange FTX has received licenses in Gibraltar and the Bahamas for two of its subsidiaries.

• The European fantasy soccer and digital collectible platform, Sorare announced a $680 million Series B raise on Tuesday, the largest ever in the non-fungible token (NFT) space.

• Binance Australia, a local onramp to the broader Binance ecosystem, is ending its derivatives offerings to local crypto traders by the end of this year.

• Brazilian investment bank, BTG Pactual plans to launch a platform for blockchain-based investments, announced Monday.

• Retail-trading platform Robinhood is reportedly testing a long-awaited digital wallet feature that enables users to send and receive crypto-assets such as Bitcoin.

• The Securities Exchange and Commission of Thailand has a license to an asset-backed token offering service based on the Ethereum blockchain.

• Digital currency exchange Crypto.com has expanded its insurance policy to cover up to $750 million worth of digital assets, offering an additional layer of protection for the platform’s 10 million users.

• NFT trading card game “Splinterlands” has recently become the most widely played blockchain game on the market by daily user count.