Crypto Bee
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Crypto Bee 🐝 - Latest crypto market insights

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Multichain ceases operations as CEO's sister is detained in China while holding $220 million of funds β€” link
Weekend BTC-USD volume in native units for Jan-Jun 2023 hit the lowest levels since 2012 β€” link
Binance completes integration of Bitcoin Lightning Network β€” link
Digital asset investment products saw $137m of inflows last week. Following a few late updates to prior weekly data, inflows for the last 4 weeks now total $742m, representing the largest run of inflows since the final quarter of 2021 β€” link
Ethereum-based stablecoin developer Ethena raises $6M β€” link | archive
VC firm CoinFund raises $158 million to back crypto startups β€” link | archive
US law enforcement seizes tens of millions from Deltec-tied accounts β€” link
From June 16th to July 16th, BTC ETPs saw monthly net inflows of 25,202 BTC - the second largest monthly net inflow in BTC ETPs, only surpassed by October 2021 (the launch of BITO and other futures-based ETFs in the U.S.) β€” link
Polychain raises $200 million for fourth crypto VC fund, shakes up staff β€” link | archive
Nasdaq halts plan for crypto custody service due to U.S. regulatory conditions β€” link
Cymbal launches 'Human Readable' Ethereum blockchain explorer β€” link
The crypto and blockchain sector saw $2.32bn invested in Q2 2023, marking a new cycle low and the lowest since Q4 2020, continuing a downtrend that began after a peak of $13bn in Q1 2022.

Crypto and blockchain startups raised less money across the last three quarters combined than they did in just Q2 of last year β€” link
Britain rejects call to regulate crypto as gambling β€” link
Investor group nears $125 million deal for CoinDesk β€” link | archive
Coinbase to wind down lending program over coming months β€” link
Binance is facing growing competition from offshore exchanges. Since the start of 2023, OKX (9%), Huobi (5%), and Bybit (8%) have all gained market share β€” link
House Republicans introduce crypto market structure law β€”the Financial Innovation and Technology for the 21st Century Act β€” link
FTX sues Bankman-Fried, others to recoup more than $1 billionβ€” link
US couple accused of laundering crypto from Bitfinex hack reach plea deal β€” link
BTC's inverse correlation with the U.S. Dollar has significantly weakened in 2023, dropping from -61% to -10% β€” link