SpaceX Sells $373 Million Worth of Bitcoin Purchased Between 2021 and 2022｜Cryptocurrency Trends

1.Mainstream Exchange Trends:

• Coinbase to suspend USDT, DAI, and RAI trading services for Canadian users.
• Binance to delist LTC/BUSD and DOGE/BUSD perpetual futures on August 24.
• Binance Employee: Recovered XIRTAM assets have been returned to some users, with full refunds to be completed by September 4.
• Binance adds support for ATA and SEI cross margin, along with SEI isolated margin.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2.Cryptocurrency Trends:

• BTC and ETH plummet, resulting in US$990 million of losses in the span of 24 hours.
• WSJ: SpaceX wrote down the value of its held BTC by US$373 million between 2021 and 2022.
• The op BNB mainnet opens to infrastructure providers.
• Connext to airdrop its native token "Next" on September 5.
• Consensys launches the Linea Ecosystem Investment Alliance with 30+ venture capital firms, including Amber Group and Animoca Brands.
• Synthetix initiates a vote on the "Deploy V3 to Base" proposal.

3.Financing Trends:

• Ellipsis Labs raises US$3.3 million in seed round funding led by Electric Capital.
• Jada, a blockchain AI project, raises US$25 million in a funding round with participation from LDA Capital.

4.Regulatory Trends:

• The fed takes enforcement action against FTX-linked Farmington State Bank.
• Financial Conduct Authority: U.K. crypto operators will be expected to comply with the "Travel Rule" from September 1.
• CFTC chairman calls on Congress to pass cryptocurrency regulation.