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On August 10, the Commodity Futures Trading Commission and Financial Crimes Enforcement Network settled their civil lawsuits against crypto exchange BitMEX and its holding company. The firm will pay regulators $100 million.

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The CFTC has enjoined BitMEX against offering crypto derivatives products to U.S. users in the future.

The post BitMEX settles with CFTC, FinCEN for $100 million, but criminal cases against former execs continue appeared first on The Block.

Quick Take

• WisdomTree already runs two crypto ETF products in Europe and has a host of digital assets initiatives in the pipeline.
•  A belief in the power of ‘tokenization’ is driving these efforts.

An NFT project themed around apes has donated $200,000 in cryptocurrency to a charity focused on protecting orangutans in Borneo and Sumatra.

The post NFT project Bored Ape Yacht Club has donated $850,000 to an orangutan charity appeared first on The Block.

Andreessen Horowitz (a16z) has led a $111 million token sale for Helium, the startup aiming to build a decentralized, peer-to-peer wireless network.

The post Decentralized wireless network Helium raises $111 million in token sale led by a16z appeared first on The Block.

The infrastructure package will head to the House once it reconvenes.

The post Senate passes trillion-dollar infrastructure bill with unamended crypto tax language appeared first on The Block.

The daily fantasy and sports-betting company has launched its new non-fungible token marketplace and will host its first drop tomorrow.

The post DraftKings launches NFT marketplace with first drop featuring Tom Brady appeared first on The Block.

Brokerage app company Robinhood announced that it acquired the investment communications firm Say Technologies for a $140 million all-cash deal.

The post Robinhood completes first post-IPO acquisition with $140 million all-cash deal appeared first on The Block.

Crypto wallet Liquality has raised $7 million in a seed funding round led by Hashed and Galaxy Digital.

The post ConsenSys-incubated crypto wallet Liquality raises $7 million in seed funding appeared first on The Block.