Gm Degens,

Welcome to our weekly dose of No Rug News. We are dedicated to bringing you the latest Web3 coverage. To our new subscribers, tea is served!🍵 

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Here is What we have for you Today

• Donald Trump Holds Up to $500K in Crypto, New Evidence Indicates

• CBS Studios files trademark for Star Trek Continuum NFT collectibles

• Coinbase to suspend USDT trading for Canadian users

Trending 🔥

• UK FCA unveils guidelines for crypto operators ahead of ‘Travel Rule’ enforcement(crypto news)

• Immutable and Polygon Labs unveil groundbreaking scaling solution for Web3 game developers (nft news)

• Blockchain to Make West Virginia the First US State to Exercise Mobile Voting (cryptopolitan)

• SpaceX wrote down $373M worth of Bitcoin back in 2021-2022: Report (cointelegraph)

• Tether discontinues USDT support on Bitcoin, Kusama, and Bitcoin Cash (crypto news)

• FTX seeks $175M settlement with Genesis entities to resolve dispute (cointelegraph)

• Jamaica Stock Exchange Partners With Canadian Fintech Firm for Crypto and Tokens Trading (cryptopolitan)

• Coca-Cola’s NFT collection soars with 191 ETH in transaction volume (nft news)

• Alameda Research to claim $175m from Genesis’ assets (crypto news)

• Mantle pauses token migration to stop FTX from converting $43M in BIT tokens to MNT (cointelegraph)

• New Fiat–to-Crypto Exchange Launched by Binance LCX at Liechtensein (cryptopolitan)

Here is what else we dug for you

Donald Trump Holds Up to $500K in Crypto, New Evidence Indicates

According to a recently made public declaration with the U.S. Office of Government Ethics, former U.S. president Donald Trump has up to $500,000 stored in an Ethereum wallet.

Here is what we know about the story:

• The former US office of Government Ethics declared that former president, Donald Trump holds up to $500k worth Ethereum.

• Trump has long been a crypto skeptic and is running for president again in 2024.

• He did, however, last year release a set of non-fungible token (NFT) cards with pictures of him on them, and they were instantly sold out.

• A blockchain analytics company titled Arkham Intelligence also verified Trump's digital assets and said that he is the person behind the address "0x94845333028B1204Fbe14E1278Fd4Adde46B22ce".

CBS Studios Files Trademark for Star Trek Continuum NFT Collectibles

By securing the trademark for "Star Trek Continuum" NFT and cryptocurrency collectibles, CBS Studios has made a bold move into the booming realm of digital assets. The United States Patent and Trademark Office (USPTO) received the application for this trademark, and its approval signals CBS Studios' intention to enter the developing NFT and cryptocurrency markets.

Here is what we know about the story:

• The "Star Trek Continuum" trademark will be utilized for cryptocurrency collectibles linked to CBS Studios' Continuum television series, according to the paperwork submitted to the USPTO

• Star Trek Continuum is the name of an NFT line that comprises starships from numerous science fiction experiences.

• These digital assets can be tailored to the needs of the users.

• According to USPTO documents, the federal office registered the trademark on August 8, following a request from CBS in April.

Coinbase to Delist USDT, DAI, and RAI for Canadians

Coinbase, a cryptocurrency exchange, announced on August 17 that it will stop trading USDT, DAI, and RAI stablecoins for Canadian consumers in September 2023. This comes just days after the company began operations in the country.

Here is what we know about the story:

• Coinbase, a crypto exchange, announced that it will stop trading USDT, DAI and RAI stablecoins for Canadian consumers in September 20223.

• With this revelation, Coinbase stated that they regularly assess assets to ensure compliance with listing rules.

• Despite the stoppage of trading, Canadian customers can still deposit and withdraw these stablecoins up until September.

• On February 22, the Canadian Securities Administrators (CSA) issued a notice requiring crypto exchanges, whether registered or not, to formulate legally binding commitments with the regulatory authority.

NFT Spotlight: Emonee LaRussa

Emonee LaRussa is an Emmy-winning motion graphics artist who has collaborated with musicians such as Kanye West, Lil Nas X, Dababy, John Legend, and many more. LaRussa rose to prominence in the spring of 2022 when she was selected as one of three artists to make NFTs to commemorate the 64th Grammy Awards.

Then, in the fall, she organized a fundraising effort for her non-profit JumpStart Designers, raising $50,000 to deliver computers and digital art programs to children in impoverished places, capping off the year with a humanitarian flourish.

Essential links: X, Instagram

Chart of The Week: BTCUSDT 📉 

Meme Drop

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Read Our Previous Newsletters 

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🇰🇪 Kenya Suspends Worldcoin Operations ⛔

Will AI Destroy Humanity? 😳 

EU Passes World's First Regulatory Framework for Cryptocurrency ⚖️

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