The announcement follows the launch of a $100 million fund back in April focused on investing in crypto projects in Asia. Source: https://cointelegraph.com/news/bitget-announces-further-100-m-fund-for-ecosystem-development

Despite his agency suffering a slew of losses in the courts, Gensler is sticking to his guns at the Senate Banking Committee hearing. Source: https://cointelegraph.com/news/gary-gensler-sec-holds-line-crypto-enforcement-senate-hearing

Marcus said there’s still no universal protocol when it comes to transferring money, unlike information which can be shared via email. Source: https://cointelegraph.com/news/bitcoin-lightning-bring-global-payments-from-fax-era-former-paypal-president

FTX laid out the millions it paid to the likes of Shaquille O’Neal, Naomi Osaka and other high-profile people it’s looking to get back. Source: https://cointelegraph.com/news/ftx-reverse-payments-to-shaq-celebrities-athletes

The “fake deposit” attack enables bad actors to execute a transfer where the requested value is larger than what the user actually owns. Source: https://cointelegraph.com/news/lido-assures-ldo-token-remains-safe-despite-flaw-in-token-contract

FTX is seeking the cancellation of agreements made days before it collapsed, as well as the return of millions transferred to LayerZero Labs and its affiliates. Source: https://cointelegraph.com/news/ftx-sues-layer-zero-labs-seeks-recover-millions-bankruptcy

Following the breach of Ethereum co-founder Vitalik Buterin’s X (formerly Twitter) account, over $691,000 in losses has been inflicted on victims by malicious links. Source: https://cointelegraph.com/news/ethereum-vitalik-buterin-x-hackers-drain

This week’s Crypto Biz explores Coinbase’s lending platform, Marathon Digital’s latest Bitcoin mining report, Hana Bank’s move to offer crypto custody and Google’s new crypto ads policy. Source: https://cointelegraph.com/news/crypto-biz-coinbase-s-lending-bet-a-new-ads-policy-at-google-and-marathon-s-mining-performance

Brinc partners with Cointelegraph Accelerator to establish a two-way support bridge for startups developing the future of Web3. Source: https://cointelegraph.com/news/web3-made-simple-brinc-joins-forces-with-cointelegraph-accelerator

The commodities regulator handed out fines of $250,000, $200,000, and $100,000 respectively to the three firms in addition to cease and desist orders. Source: https://cointelegraph.com/news/ctfc-issues-order-against-defi-protocols-opyn-zeroex-deridex