What happened in the crypto industry last week (Sep 2 - 8)?

1/ The CFTC and Uniswap Labs reached a settlement in which Uniswap will pay a $175,000 civil penalty. The regulator accused the company of selling crypto derivatives without a license.

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2/ Telegram founder Pavel Durov posted for the first time since his detention, thanking the community for their support and revealing details of his police interrogation in Paris.

2/ Telegram founder Pavel Durov posted for the first time since his detention, thanking the community for their support and revealing details of his police interrogation in Paris.
https://t.me/durov/342

3/ The SEC charged cryptocurrency consulting firm Galois Capital with failing to meet asset safeguarding requirements and will pay a $225,000 fine to settle the case.

3/ The SEC charged cryptocurrency consulting firm Galois Capital with failing to meet asset safeguarding requirements and will pay a $225,000 fine to settle the case.
https://www.sec.gov/newsroom/press-releases/2024-111

4/ Robinhood settled a $3.9M case with the California Attorney General over crypto asset withdrawals from 2018-2022.

4/ Robinhood settled a $3.9M case with the California Attorney General over crypto asset withdrawals from 2018-2022.
https://oag.ca.gov/news/press-releases/attorney-general-bonta-secures-39-million-settlement-cryptocurrency-company

5/ Former Mt. Gox CEO to launch the new crypto exchange EllipX in Europe, focusing on transparency and user experience.

5/ Former Mt. Gox CEO to launch the new crypto exchange EllipX in Europe, focusing on transparency and user experience.
https://www.theblock.co/post/314566/former-mt-gox-ceo-new-exchange-launching-this-month?utm_source=telegram1&utm_medium=social

6/ The SEC warned bankrupt FTX about repaying creditors in stablecoins or digital assets, citing potential legal issues.

6/ The SEC warned bankrupt FTX about repaying creditors in stablecoins or digital assets, citing potential legal issues.
https://restructuring.ra.kroll.com/FTX/Home-DownloadPDF?id1=MzE5OTE2Mw==&id2=-1

7/ The FCA's 2023-24 report shows 87% of crypto company applications were rejected due to non-compliance.

7/ The FCA's 2023-24 report shows 87% of crypto company applications were rejected due to non-compliance.
https://www.fca.org.uk/publication/annual-reports/annual-report-2023-24.pdf

8/ Binance has banned former CEO CZ from managing the company, although he retains influence as a major shareholder.

8/ Binance has banned former CEO CZ from managing the company, although he retains influence as a major shareholder.
https://www.axios.com/pro/fintech-deals/2024/09/04/binance-influence-changpeng-zhao#

9/ Ripple co-founder Chris Larsen and PayPal CEO Dan Schulman endorsed Kamala Harris in the 2024 US presidential race.

9/ Ripple co-founder Chris Larsen and PayPal CEO Dan Schulman endorsed Kamala Harris in the 2024 US presidential race.
https://www.cnbc.com/2024/09/06/harris-endorsed-trump-murdoch-yelp-snap-ripple.html

10/ Binance and Bybit were granted full regulatory licenses to operate in Kazakhstan by the Astana Financial Services Authority.

10/ Binance and Bybit were granted full regulatory licenses to operate in Kazakhstan by the Astana Financial Services Authority.
https://www.binance.com/en/blog/regulation/binance-kazakhstan-first-digitalasset-platform-to-obtain-afsa-consent-for-full-regulatory-license-546932657781842099
https://www.prnewswire.com/news-releases/bybit-expands-global-reach-receives-formal-consent-for-full-authorization-in-kazakhstan-302240603.html

1/ The CFTC and Uniswap Labs reached a settlement in which Uniswap will pay a $175,000 civil penalty. The regulator accused the company of selling crypto derivatives without a license.
https://www.cftc.gov/PressRoom/PressReleases/8961-24

Bitcoin price surged, DeFi projects gained popularity, Ethereum network congestion continued