Today: ARK Invest's Secret New Partner 💰⚠️💳

Today’s Top Stories ⌐◪-◪

💰 Ark Invest and 21Shares join forces

⚠️ FTX claimants get double screwed

💳 Binance loses a powerful friend

Before we get started, a short update:

1. We hit 420 subscribers in under 2 weeks → thank you, everyone for the support.

2. I’m testing a new “Read More ⌐◪-◪” → pretty bullish on this, but lmk what you think.

3. We’re officially sponsored → plz check out our sponsors to support us! It really helps.

Again - I cannot thank all of you enough!

For more #BuildInPublic updates, follow me on Twitter.

• Joint application with the SEC for two innovative ETFs: one dedicated to Ethereum futures (ARKZ) and the other to both Bitcoin and Ethereum futures (ARKY).

• The ETFs offer investors exposure to crypto prices without direct investment, with ARKZ committing at least 25% to cash-settled ether futures on platforms like CME.

• The move comes amid anticipated SEC approval for Ethereum ETFs, with competitors like Bitwise and VanEck also in the race.

• Kroll's cybersecurity incident exposes non-sensitive data of certain FTX claimants involved in an ongoing bankruptcy case.

• FTX reassures customers that their account passwords and internal systems remain uncompromised despite the breach.

• FTX Debtors closely monitor the situation, urging customers to be vigilant against potential fraud and scam emails.

• Mastercard to cease co-branded card programs with Binance starting September 22 in Argentina, Brazil, Colombia, and Bahrain.

• Binance faces heightened regulatory scrutiny globally, with recent legal challenges from the U.S. SEC and CFTC.

• Following Mastercard's move, Visa also discontinued issuing new co-branded cards with Binance in Europe.

Peripheral Vision ⌐◪-◪

• Dropbox ends unlimited storage plan, blames crypto mining

• Binance shilling low-cap tokens in desperate move?

• Stablecoins outpaced Mastercard & Paypal in 2022, Visa next

• Uniswap spot volume surpasses coinbase

• Membrane Finance launches first Euro stablecoin on Solana

• US Drug Enforcement Agency tricked, sends $50k to scammer

• Coinbases announces plans to list PayPal stablecoin (PYUSD)

• 1inch expands protocol and goes live on the $BASE network

• Lido token unlocks set for Friday

• Tether says it’s sitting on a $3.3B financial buffer

• HashKey ready to start retail crypto trading in Hong Kong

• PancakeSwap V3 launches on Ethereum L2 Linea

• NFL Rivals game lets you buy NFTs on iOS and Android

• OnlyFans creators add gasoline to the Friend.Tech fire

• Farcaster social app plans migration to Optimism

• MetaMask Swaps get a major upgrade with Hashflow

Big thanks to our sponsor!