ShillGuard | $SGT

Weekly News Recap | Jul 25 – 31 📰 Regulation, exchange earnings, and institutional adoption dominated the week, while stablecoins and digital asset infrastructure continued gaining momentum. 📊 Crypto Market Share Reaches New High Despite a weaker quarter for crypto trading, @coinbase generated $1.22B in Q2 revenue and increased its share of global crypto trading volume to a record 10.3%, showing it continues to gain ground against competitors even as overall market activity slows. 💸 Another Round of FTX Repayments Begins Approximately $900M is being distributed in FTX's fifth creditor payout, bringing total repayments into the billions as one of the largest bankruptcy recoveries in crypto history continues. 🏛 Regulatory Debate Continues Senator @CynthiaMLummis renewed calls for the Senate to pass the CLARITY Act, arguing that the current regulatory framework is failing the crypto industry, consumers, and law enforcement alike. 🔒 Telegram Founder Challenges Moscow @durov said Russia has officially designated him a "terrorist" after refusing demands to introduce mass surveillance and censorship on @telegram, escalating the long-running conflict between the platform and Russian authorities. 🪙 Circle Secures Banking-Style Approval @circle, the issuer of $USDC, received a trust charter from the New York Department of Financial Services, strengthening its regulatory standing and expanding its ability to operate under one of the strictest financial frameworks in the U.S. 🇰🇷 Leverage Wipes Out Billions South Korean traders reportedly lost ₩56T ($38.7B) during the recent market selloff, highlighting how leveraged products continue to amplify volatility during major corrections. 📉 Economic Growth Slows in the U.S. The U.S. economy expanded at an annualized 1.5% in Q2, missing expectations of 2.1% and reinforcing expectations that policymakers will remain cautious as growth loses momentum. 📈 Exchange Targets New Products @BinanceUS plans to apply for a CFTC Designated Contract Market license, a move that would allow the platform to enter prediction markets while expanding into perpetual futures. 📱 Robinhood Sets Another Record @RobinhoodApp delivered the strongest quarter in its history with $1.31B in revenue, although crypto trading remained a weaker spot, with digital asset transaction revenue declining from a year earlier even as the platform posted record overall results. ➡️New post on X⬅️ Website | App |  X  | Chat | Channel