Generative AI has huge economic potential and could boost global labor productivity, the report said. Source: https://www.coindesk.com/business/2023/08/03/ai-investment-could-reach-200b-globally-by-2025-goldman-sachs/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Liquidating FTX Dubai under UAE law would help timely distribution of any outstanding liabilities, the bankrupt estate argued in court filings. Source: https://www.coindesk.com/policy/2023/08/03/ftx-wants-dubai-unit-removed-from-us-bankruptcy-proceedings/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hyblock’s slippage indicator has consistently marked short-term trend changes in the second-largest cryptocurrency this year. Source: https://www.coindesk.com/markets/2023/08/03/crypto-traders-might-want-to-track-ether-slippage-indicator-heres-why/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Hong Kong’s first license to a cryptocurrency exchange to serve retail customers has gone to Hashkey Exchange. Source: https://www.coindesk.com/policy/2023/08/03/hashkey-wins-hong-kongs-first-crypto-exchange-license-to-serve-retail-customers/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Social investing platform eToro’s Australia entity (eToro Aus Capital Limited) has been sued by Australia’s markets regulator. Source: https://www.coindesk.com/policy/2023/08/03/etoro-sued-by-australias-market-regulator-for-leveraged-product/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

A disclosure statement is an official, court-approved document outlining the debtor’s assets and liabilities. Source: https://www.coindesk.com/business/2023/08/03/blockfis-disclosure-statement-gets-court-approval/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

PLUS: A spot bitcoin ETF may be in the offing, and crypto prices are unpredictable, but MicroStrategy “still fills a need in the marketplace,” the president of crypto asset …

Federal prosecutors said they were “seeking detention” for Sam Bankman-Fried, asking a judge to revoke his bond after he shared documents with the New York Times that they allege …

The liquidity provider just withdrew 8 million of Arkham’s ARKM token from Binance, increasing its position by 731%. Source: https://www.coindesk.com/business/2023/08/02/wintermute-a-major-trader-is-a-key-player-in-arkhams-controversial-dox-to-earn-platform/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

The online trading platform reported second-quarter earnings after the close on Wednesday. Source: https://www.coindesk.com/business/2023/08/02/robinhood-crypto-revenue-fell-18-sequentially-to-31-million-in-q2/?utm_medium=referral&utm_source=rss&utm_campaign=headlines