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The Hash
Starbucks to Launch NFT-Based Loyalty Program; Industry Reacts to White House Crypto Mining Report
Starbucks is set to offer a non-fungible token-based (NFT) loyalty program with the blockchain technology provided by Polygon. Plus, a closer look at how industry advocates and critics are reacting to the Biden administration’s bitcoin (BTC) mining environmental impact report.

Bitcoin Soars Above $21K as Investors Await US CPI Report; FTX Ventures to Take 30% Stake in SkyBridge Capital
“The Hash” hosts discuss today’s top stories, including bitcoin’s (BTC) biggest single day gains in two months, and FTX Ventures’ investment in Anthony Scaramucci’s SkyBridge Capital.

US Government Recovers $30M From Crypto Game Axie Infinity Hack; 3 Executives Said to Be Leaving BlockFi
“The Hash” hosts discuss today’s top stories, including how the crypto analytics firm Chainalysis helped the U.S. government recover $30 million stolen from Axie Infinity earlier this year, and the personnel shakeup at embattled crypto lender BlockFi ahead of a possible FTX acquisition.

Digital Euro to Focus on Personal Use, How USDC Could Benefit From Getting Booted From Binance
“The Hash” hosts discuss today’s top stories, including EU regulators’ stance on the usage of a central bank digital currency and Circle CEO Jeremy Allaire explaining how USDC could benefit from leaving Binance as the crypto exchange ended its support of a slew of stablecoins.

Ethereum Merge Imminent, Nigeria Plans to Partner With Binance to Create a Virtual Free Zone
“The Hash” hosts discuss today’s top stories, including Ethereum’s final countdown to the Merge, which will likely be completed some time around Sept. 13-16 and Nigeria doubling down on blockchain and digital economy with a plan to launch a virtual free zone.

Crypto Developer Brothers Leave VC Firm After CoinDesk Exposé; Coinbase Price Bug Exploit
“The Hash” team discusses today’s top stories including the fate of two crypto developer brothers who boosted their once-mighty stablecoin exchange Saber using a web of secret identities. Plus, Coinbase users in the Eastern European country of Georgia were able to exploit a price bug that allowed them to cash out their holdings for 100 times the exchange rate.

Crypto.com Reportedly Backs Out of $495M Sponsorship Deal; NFT Marketplace Royalty Payments Shake Up
Crypto.com is backing out of a five-year sponsorship deal worth $495 million with the UEFA Champions League, European soccer’s elite league, according to a report in SportBusiness. Plus, popular NFT marketplace X2Y2 announced it will no longer make buyers pay royalties on certain NFT purchases, sparking debate on the importance of such payments to the industry.

FTX CEO Speaks Out About Crypto Market Turbulence; Binance Froze Russian Gun Maker’s Crypto Assets
In a new interview with Bloomberg, FTX CEO Sam Bankman-Fried discusses his efforts to bail out companies during the recent market turbulence. Plus, Binance froze a wallet related to a Russian gun manufacturer who raised funds for the country’s troops in Ukraine, according to a Lobaev representative and blockchain data analysis.

Elon Musk Sends Second Letter Terminating Twitter Deal; Crypto.com Reportedly Suing User After Mistakenly Sending $10M Refund
Tesla CEO Elon Musk sent a second letter calling off his $44 billion acquisition of Twitter, according to a filing with the U.S. Securities and Exchange Commission. Plus, a closer look at Crypto.com’s reported lawsuit against a user after mistakenly sending refund of $10 million instead of $100.

Responses for Biden’s Crypto Executive Order Due Soon; Metaverse Takes Center Stage at MTV VMAs
A look at the U.S. crypto regulatory landscape as most of the responses to President Biden’s executive order on cryptocurrency are due after Labor Day. Plus, Snoop Dogg and Eminem reunite on stage for a metaverse performance.
