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The CoinShark team has compiled information about the state of the crypto market. Read the most important crypto news about exchanges, crypto games, banks and other financial institutions.

BlockFi changed its mind about liquidating all GBTC positions. The company will continue to accept this asset as collateral, but will try to reduce the positions of this product. The company is concerned about the precarious position of the trust, whose asset value has fallen by 34%.

The US Treasury plans to hold a public consultation regarding the risks and benefits associated with cryptocurrencies. The regulator is interested in consumer protection, global financial stability and reduction of systemic risks.

Upbit is investing $380 million to develop South Korean WEB3 projects. The exchange will create 10,000 new jobs by 2027. To this end, 1,000 developers are being hired, and 500 startups and projects developing technologies for the Metaverse - chips, VR headsets and software - will be funded.

STEPN (play to earn crypto game) made a profit of $122 million in the second quarter of 2022. 5% of profits will be spent on buying back and burning the GMT token. The rest will be invested in finalizing the project and creating a line of branded products for additional advertising.

Revolut (a British neobank) has launched a training program in partnership with Polkadot. With its help, the company hopes to attract more newcomers to the cryptosphere. By completing tasks, they will be able to receive a reward in DOT tokens.

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CoinShark is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. This article is for informational purposes, prepared on the basis of materials and information from open sources. Cryptocurrency is a high-risk asset, investing in it can lead to losses. Readers should do their own research before taking any action.

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