CeFi
Centralized Finance, financial firms with centralized teams, closed entities and custodied funds, which transact with digital assets and offer services to the blockchain industry.
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![image depicting blockchain-based identity in a minimalistic style with neon colors](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F171266646ef4639ba5204d84295675a1165a8fd0-1792x1024.png&w=828&q=75)
Binance Launches Proof-of-KYC Token That Can Be Used Across Platforms
The Binance Account Bound Token (BABT) is non-transferrable and can be revoked by Binance.
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![Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F0f14be07fac90a01afb71c5c8cac20dde2bd54be-1792x1024.png&w=828&q=75)
Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts
After 6.5 years as CEO, Selkis is passing the reins onto co-founder Eric Turner.
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![image depicting blockchain-based identity in a minimalistic style with neon colors](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F171266646ef4639ba5204d84295675a1165a8fd0-1792x1024.png&w=828&q=75)
Binance Launches Proof-of-KYC Token That Can Be Used Across Platforms
The Binance Account Bound Token (BABT) is non-transferrable and can be revoked by Binance.
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![Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F0f14be07fac90a01afb71c5c8cac20dde2bd54be-1792x1024.png&w=828&q=75)
Messari CEO Ryan Selkis Steps Down After a Slew of Controversial Social Media Posts
After 6.5 years as CEO, Selkis is passing the reins onto co-founder Eric Turner.
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![old-school computers in a minimalistic style with neon colors and X's on the screen](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F725423a5f23bccfe4f3f820e33f6bca381fab135-1792x1024.png&w=828&q=75)
Microsoft Goes Down But Crypto Doesn’t Care
While outages are reported across industries, crypto websites and blockchains are up and running.
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![Copper Launches Support For Internet Computer’s ICRC and SNS Tokens](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F4b406c093e6032cc64cc18f853403753fabdfc2c-1792x1024.webp&w=828&q=75)
Copper Launches Support For Internet Computer’s ICRC and SNS Tokens
Copper has integrated support for ckBTC, a Bitcoin-backed token on Internet Computer.
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Indian Crypto Exchange WazirX Halts Withdrawals After $230 Million Breach
Onchain data shows the hacker selling various cryptocurrencies for Ether.
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![Celsius Recovers $100 Million From Users Who Withdrew Funds Before Bankruptcy](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Ff5f97dd60506f385906cf218c5c44416de6162cd-1792x1024.png&w=828&q=75)
Celsius Recovers $100 Million From Users Who Withdrew Funds Before Bankruptcy
The Celsius Litigation Administrator said that early withdrawals have unfairly benefited.
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Centralized Exchange Losses to Hacks are Up 1,000% This Year: ImmuneFi
Hackers stole $572 million in Q2, up from $345 million in the previous quarter.
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Certik Holds $3 Million ‘Hostage’ From Kraken as Exchange Threatens Employees
The cybersecurity firm made a suspiciously large number of transactions to “test” a vulnerability in the crypto exchange.
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![Tether Looks To Compete Against DeFi With Upcoming Synthetic Asset Platform](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F570b00d36da5508ae7938973f401d9179b57a937-1792x1024.webp&w=828&q=75)
Tether Looks To Compete Against DeFi With Upcoming Synthetic Asset Platform
Tether launched a gold-backed USD stablecoin demonstrating its forthcoming “Tethered asset” platform, Alloy.
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Coinbase Advanced to Offer Pre-Launch Token Trading
US-based Coinbase is the first tier-1 exchange to offer pre-market perpetuals.