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MicroStrategy Adds 1,070 More BTC, Surpasses $27.97B in Holdings
MicroStrategy has acquired 1,070 BTC at an average price of $94,004 per coin, further solidifying its status as the largest corporate Bitcoin holder. Executive Chairman Michael Saylor announced the update on X (formerly Twitter), where he often shares the company’s Bitcoin investments. Ethereum Ecosystem: Challenges and Contradictions
Despite Ethereum's leading status, the network faces significant challenges, including growing accusations of centralization. Can Ethereum scale without compromising its decentralized nature? In this article, we break down the major issues confronting the world’s largest blockchain. 
Next-Level ERC-404: Enhanced Standards Hit the Crypto Market
Recently, several projects have announced the launch of enhanced versions of the ERC-404 token standard. What's the current status of the hyped standard by Pandora Labs, and can the new iterations regain the community's trust in fractional NFTs? PitchBook: Venture Capitalists Shifting Away from Crypto Startups
AI startups retain their status as venture capital favorites, while the cryptocurrency sector faces a waning interest. Recognized as one of the most over-invested market segments, the crypto industry's outlook is becoming increasingly cautious, as highlighted in PitchBook's recent VC Tech Survey. Joseph Lam Detained Over JPEX Crypto Exchange Links
Hong Kong police have arrested Joseph Lam, a crypto influencer and former lawyer, in connection with the ongoing investigation into cryptocurrency exchange JPEX. Lam, who has over 190,000 Instagram followers, was arrested today and his office was raided. The arrest follows the Securities and Futures Commission's warning against JPEX for misleading statements about its licensing status. The police have received at least 83 complaints involving JPEX, with virtual assets worth about HK$34 million ($4.3 million) reported. SEC to Contest Judge’s Ruling on XRP’s Security Status
US District Judge Analisa Torres in New York had previously indicated that XRP sales to sophisticated investors fulfilled the criteria for an investment contract under federal securities law
However, this characterization didn’t extend to programmatic investors, which pertains to the general public buying crypto through exchanges. 
OpenSea Accused of Violating Securities Laws
Anthony Shnayderman and Itai Bronshtein filed a class-action lawsuit against the NFT platform OpenSea, alleging that it has engaged in trading unregistered securities. The plaintiffs, who purchased several non-fungible tokens, including those from the Bored Ape Yacht Club collection, claim these assets have lost their value due to their illegal status. Your Crypto is Now Officially Property in the UK
In a move that feels like it’s straight out of a crypto-thriller, the UK government proposed a new legislation aimed at clarifying the legal status of digital assets such as cryptocurrencies, NFTs, and others. Known as the Property (Digital Assets etc.) Bill, this marks a significant milestone in providing legal recognition for all digital assets, classifying them as personal property. 
Unibot on Solana No Longer Holds Official Status
The Unibot Telegram bot for cryptocurrency trading has terminated its partnership with the Unibot on Solana developers, urging them to adopt a new name and to remunerate the community that has supported them for an extended period. According to the Unibot team, this decision was made in the interest of security. Renewed Legal Debate Over Cryptocurrency's Status
In the ongoing SEC vs Binance case, Federal Judge Amy Berman Jackson is seeking the commission's arguments to determine if digital assets should be classified as securities. Binance is set to engage in discussions, especially concerning staking and the definition of securities' 'duration'. Crypto Regulations in Turkey
Turkey might very well be described as a sanctuary for those trading in cryptocurrency, though this status may not last much longer. The Turkish government has proclaimed that starting in 2024, individuals engaging in virtual asset transactions will be subject to taxation, though this is not the first instance such intentions have been voiced. Musk vs. Zuck fight status
Yesterday on Twitter, Elon Musk confessed that his call-out for a fistfight was just a jest that, evidently, went a bit too far.
Musk mentioned that after suggesting a face-off with Mark at the Colosseum, Zuckerberg shot down the idea without batting an eye, citing he was "traveling."
"Is there anywhere he will fight?" Musk tweeted.
Meanwhile, Zuckerberg voiced his frustrations on Threads, implying Musk isn't serious about the showdown, citing some impending surgery and being elusive about confirming a final date.
"I'm going to focus on competing with people who take the sport seriously," Zuckerberg writes.
Such spectacles would even make Cirque du Soleil green with envy. Singapore High Court: Cryptocurrency Equated with Fiat Money
In a pivotal ruling on July 25, Judge Philip Jeyaretnam of the Singapore High Court declared cryptocurrency as personal property, placing it on par with fiat money. Judge Jeyaretnam's elucidation is notable for the legal status of digital assets.
It was stemmed from a case where ByBit accused its former employee, Ho Kai Xin, of illicitly transferring approximately 4.2 million USDT from the company's coffers to personal accounts. The court mandated Ho to return the funds to cryptocurrency exchange. 