Happy Thursday!
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Here are some stories you may have missed:
In early July, the crypto lender Voyager filed for Chapter 11 bankruptcy. The firm will liquidate the remainder of their assets, primarily in an auction on September 13th.
GameStop is partnering with FTX.US to further the relationship between the gaming community and the crypto community. The deal unites one of the biggest winners of the 2021 meme-stock craze with one of the world’s biggest crypto exchanges. Exact terms of the deal are unknown.
MakerDAO has been looking for revenue, and Coinbase has proposed a solution. A new governance proposal suggests that Maker should deposit into Coinbase’s Institutional, which would earn 1.5% or ~$24M annually. Responses to the proposal have been mixed: some are criticizing the rates for being too low, while others fear that Coinbase would bring increased centralization.
Tornado Cash, along with a series of associated addresses, ended up on the U.S. Treasury blacklist last month. A team of employees at Coinbase have now filed suit against the Treasury in an effort to overturn the sanctions. Coinbase itself has financially funded the suit, with their chief legal officer asserting that “people, or entities, or properties are fair game. Code is not.”
As always, this is not financial advice. Also, if you’re not already, give us a follow on twitter: @futurenftmints
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