Newsletter Aug 18, 2023
SpaceX Wrote Down $373M Worth Of Bitcoin Owned In 2021-2022: Report

SpaceX's financials reportedly revealed around $5.2 billion in total expenses for 2022, with an additional $5.4 billion spent on property acquisition, R&D and equipment between 2021 and 2022.


BlockFi Allows Crypto Withdrawals For Eligible US Clients; Fate Of International Users Unclear

The now-defunct crypto lender said the withdrawal options are not yet extended to wallets handled by international users, but legal proceedings are going on.


Grayscale Begins ETF Team Hiring As It Awaits Ruling In SEC Lawsuit

Grayscale filed a lawsuit against the SEC in June 2022 after its spot bitcoin ETF proposal was rejected, but it is now looking to expand its ETF team amid a looming decision by the SEC on ether futures-based ETFs.

Coinbase Suspends Trading For Tether, 2 Other Stablecoins In Canada

Coinbase said its Canada arm has filed an application for registration in certain Canadian jurisdictions "but has not yet obtained registration."

Harbinger Of Web3 Era: Are NFTs Still A Good Investment?

To understand whether NFTs are still holding up as good investments or not, it's crucial to understand what made them so desirable in the first place.

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