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Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $975 billion. Bitcoin has dropped by over 1% this week. Ethereum gained almost 5% over the past seven days. XRP is down by nearly 2% this past week. Almost all altcoins are trading in the green, with few exceptions. The DeFi sector decreased the total value protocols (TVL) to around $26 billion. Crypto Trends…

Prolific sports investor and crypto firm Crypto.com has reneged on a $500 billion sponsorship contract with the UEFA Champions league. Crypto.com had previously stepped up as an investor when the Union of European Football Association (UEFA) dropped its principal sponsor, Gazprom. At the time, UEFA had cited Gazprom's affiliation with Russia as its reason for the drop. Consequently, Crypto.com stepped up to bag in a deal that would last 5 seasons. The supposed contract would cost approximately $100 million annually…

The Binance security team is working with law enforcement to track the culprits.   Major crypto exchange Binance has identified two suspect addresses in the frontend exploit the KyberSwap Network suffered on Thursday. Around 3 pm on the first of this month, the Kyber team noticed some unusual activity in its front end. Further investigation revealed it to be a malicious code in the decentralized exchange’s Google Tag Manager (GTM). Bad actors had used this to hack into the platform,…

Input Output and the Cardano Foundation have both confirmed that Cardano’s Vasil upgrade will take place on September 22nd.  Input Output revealed the upgrade date in a tweet on Friday, after completing “extensive testing” and verifying “community readiness”. We along with the Cardano Foundation can today announce 22nd September for the Vasil upgrade on the Cardano mainnet,” said the company. Cardano founder Charles Hoskinson said last week that Vasil would launch in September, but didn’t reveal a specific date until…

South Korean lawmakers may be gearing up to roll out new policies that encourage the growth of the nation’s metaverse sector. According to a local report, Heo Eun-ah, a member of the country’s National Assembly recently submitted a proposal for the “Metaverse Industry Promotion Law.”  New Metaverse Policy Review Committee Since the turn of the year, the East-Asian nation has continually invested in the development of the metaverse within Korea. Per the release, the proposal aims to create a good…

Framework Ventures – a blockchain-focused venture capital and technology company – has released a report examining compensation among venture-backed crypto startups.  The firm surveyed 18 companies, ranging from 2 to 80 employees, between May and June of 2022. Respondents were largely part of the DeFi, infrastructure, and web 3 gaming sectors and included by centralized companies and DAOs. Framework’s report publicly revealed 7 key findings, including information about how many startups actually use crypto over fiat to pay employees. Here’s…

On Thursday, Multichain DeFi project Kyber Network fell victim to an exploit losing assets worth $265,000 in the process. According to the team's official report, the malicious actors behind the hack targeted the KyberSwap user interface. This makes the exchange the latest in a series of DeFi platforms to suffer such attacks.  Malicious Code in Kyber’s GTM Script Kyber alerted users to the attack in a Twitter post yesterday evening which also outlined the details of the hack. In the…

Jim Cramer – the host of CNBC’s “Mad Money” – most recently warned investors to stay away from speculative assets, including cryptocurrencies. He believes the Federal Reserve has explicitly warned the markets that it intends to bring pain to related sectors. In a Mad Money episode on Tuesday, Cramer brought attention to Federal Reserve Chairman Jerome Powell’s latest comments at the Jackson Hole symposium.  “Fed chief Jay Powell told us that we need to stop doing stupid things with our…

Here are the best ways to earn free Bitcoin when your wallet is light. Are you interested in Bitcoin but still want to refrain from investing money? Alternatively, are you looking to stack every sat possible without the dry powder to buy more? Here’s a secret: you can put more bitcoin in your pocket without spending a dime – or even doing real work.  That’s not to say you’ll earn much bitcoin without either. After all, if Bitcoin weren’t hard…