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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.