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Quick Take

• Venture funding in the blockchain sector declined roughly 22% from $12.5 billion to $9.8 billion. Prior to this drop, investment in the industry had increased for seven consecutive quarters
• Year to date, Southeast Asia has received more than $2.2 billion in private investment across 160 venture deals
• DeFi had the largest Q/Q declines in funding in both dollars terms and its number of deals
• NFTs/Gaming funding popularity has officially poured into the M&A markets. Nearly 38% of its M&A transactions have occurred over the past two quarters

Ukrainian authorities have broken up what they say was a crypto trading desk that funneled money for Russians. 

The post Ukraine seizes $3 million in cash, other assets from crypto traders accused of funneling Russian funds appeared first on The Block.

Celsius Network, the troubled crypto lender, has closed all of its debt owed to decentralized lending apps.

The post Celsius has now paid off more than $800 million of debt to DeFi apps appeared first on The Block.

UK lawmakers opened an inquiry into the future of cryptocurrency, with plans to consider the impact crypto could have on consumers, the government and financial institutions.

The post UK lawmakers seek input on the future of crypto appeared first on The Block.

Crypto miner Bit Digital didn’t mine any ether in June while increasing its bitcoin production by 26.6% month-over-month.

The post Bit Digital mined no ETH in June appeared first on The Block.

StarkWare has acknowledged that it is launching a token, following Zhu Su’s tweet that implied it was doing so.

The post StarkWare confirms launch of StarkNet Token — with no airdrops until next year appeared first on The Block.

Bitcoin and Ethereum suffered large fluctuations on Wednesday following the CPI report showing 9.1% inflation.

The post Bitcoin and ether see major price swings following US inflation report appeared first on The Block.

Anthony Pompliano’s firm Inflection Points has raised $12.6 million and acquired Proof of Talent, a rival crypto recruitment firm founded by Rob Paone.

The post Anthony Pompliano’s crypto recruitment firm raises $12.6 million and buys rival appeared first on The Block.

Ryder Ripps instructed WilmerHale ahead of his upcoming legal battle with Yuga Labs.

The post Ryder Ripps hires lawyers ahead of Yuga Labs court case, will only settle for ‘$100 billion’ appeared first on The Block.

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