Crypto Hacks: According to new data from Immunefi, there was a total loss of $670,698,280 across the web3 ecosystem in Q2 2022, the majority of which stemmed from 4 specific hacking projects. These numbers represent almost a 1.5x growth compared to Q2 2021, when hackers and fraudsters stole $440,021,559.

Inactivity Fee: Crypto exchange Bitstamp canceled a planned “inactivity fee,” reversing course just five days after announcing a fee of €10 a month for non-US user accounts that haven’t traded, deposited, withdrawn or staked assets for a year with a total balance of less than €200.

Rise of Retail: New data from Toro revealed that two-thirds of American investors (65%) held their investments steady during the recent stock market selloff.

European Crypto Regulation: Europe reached a landmark deal to regulate the trading of crypto assets, passing rules known as the Regulation on Markets in Crypto-assets (Mica) which represent the first effort to impose standards throughout the bloc, rather than a patchwork of national rules.

Meta: Meta announced plans to shutter its Novi digital wallet on September 1, just eleven months after the company debuted it.

SEC Market Data Plan: A federal appeals court threw out an SEC order that would have given securities firms and others a greater say on the management of public data feeds that provide crucial information on real-time stock prices.

Voyager Digital: U.S. crypto lender Voyager Digital announced that it had filed for bankruptcy, becoming another casualty of a dramatic fall in prices that has shaken the cryptocurrency sector.