📢 DeFi Alliance DAO Community Update - 23/08/23

1. Significant Drop in PEPE, SHIB, and APE Tokens: A steep 25% decline in these tokens has raised concerns about a deepening crypto bear market. https://cointelegraph.com/news/is-the-25-drop-in-pepe-shib-and-ape-a-sign-of-a-deepening-crypto-bear-market?utm_source=pocket_saves

2. Legal Actions Against Blazar Token Creator: The SEC and DOJ have filed charges against the creator of the little-known Blazar Token. https://cryptoslate.com/sec-sues-creator-of-little-known-blazar-token-doj-files-parallel-charges/?utm_source=pocket_saves

3. Shopify Enables USDC Payments Via Solana Pay: A new partnership with Solana Pay allows Shopify customers to transact using USDC. https://www.coindesk.com/tech/2023/08/23/shopify-customers-can-now-pay-in-usdc-via-solana-pay/?utm_source=pocket_saves

4. Former OpenSea Head Sentenced for NFT Insider Trading: The former Head of Product at OpenSea received a 3-month prison sentence over insider trading. https://cryptonews.com/news/former-opensea-head-of-product-receives-3-month-prison-sentence-for-nft-insider-trading.htm?utm_source=pocket_saves

5. FTX's Expensive Bankruptcy Process: FTX's bankruptcy proceedings cost a staggering $1.5M in legal fees daily. 
https://www.coindesk.com/policy/2023/08/23/ftx-bankruptcy-burning-through-15m-in-legal-costs-every-day/?utm_source=pocket_saves

**6. Bitcoin Spark's Impact on Crypto Norms:** An insightful look into how Bitcoin Spark reshapes conventional cryptocurrency principles. 
https://zycrypto.com/how-bitcoin-spark-is-redefining-cryptocurrency-norms/?utm_source=pocket_saves

7. Crypto Market's Recent Decline Explained: An analysis of why the crypto market has been down this week. 
https://cointelegraph.com/news/why-is-the-crypto-market-down-this-week

8. Potential Bitcoin Rally on the Horizon: Bitcoin continues to trade sideways, but enthusiasts anticipate a rally soon. 
https://zycrypto.com/bitcoin-continues-to-trade-sideways-but-enthusiasts-are-bracing-for-a-rally-shortly/?utm_source=pocket_saves

9. Crypto Sentiment and Funding News: Fear and greed index falls to 34 as Chancer secures $1.65M in funding. 
https://coinjournal.net/news/crypto-fear-and-greed-falls-to-34-as-chancer-raises-1-65m/?utm_source=pocket_saves

10. Bitcoin's Liquidity Crisis: Exchange balances of Bitcoin have reached their lowest point in half a decade. 
https://u.today/bitcoins-liquidity-crisis-exchange-balances-reach-lowest-point-in-half-a-decade

Stay engaged and informed with these key updates as we continue to uphold our commitment to security, innovation, and responsible growth within the DeFi ecosystem.
