- South Korea’s Busan plans to build a blockchain city centered around digital asset exchanges and establish a 1 trillion KRW blockchain innovation fund.
- Alternative asset management firm EJF Capital’s EJF Ventures Fund has raised $104 million for investments in blockchain infrastructure.
- Tether announces an accumulated excess reserve of over $3.3 billion and remains committed to de-guaranteeing loans from its reserves.
- Tether acquires $420 million worth of Nvidia chips, giving 20% ownership in Northern Data to Bitcoin miner.
- The repayment deadline for Mt. Gox trustee has been extended by a year, now set for October 31, 2024.
- US presidential candidate Vivek Ramaswamy states that a comprehensive crypto policy framework is being drafted.
- Pulsechain founder’s associated wallet holds over 700 million DAI, accounting for 15.5% of the circulation.
- OpenAI plans to offer a new text-to-image product called DALL·E 3 to ChatGPT Plus and Enterprise users.
- Galaxy Digital expands into Europe, appointing former Genesis executive to lead operations in London.