L'Hebdo Crypto: KPMG, Tether, Wall Street and the news of the week

L’Hebdo Crypto is back in service, presented by the 25% Club.

The week of 09/08 in brief. KPMG has delivered its first full financial audit to Tether. Forty Wall Street giants tested tokenization under realistic conditions. The manager of a Korean platform was sentenced to 15 years in prison for disguising his accounts in order to maintain a 10% return.

Crypto news in brief

▶ KPMG validates the historical audit of Tether and its 6.81 billion surplus. This is the first comprehensive financial audit ever conducted on the USDT issuer.

▶ 40 Wall Street giants tested tokenization in real conditions. JPMorgan, Goldman Sachs and Citadel were there.

▶ Crypto and tokenized stocks: the SEC’s big shift is taking shape. The American regulator is preparing the rules for stocks listed on-chain.

▶ Delio: 10% return promised, 50 million embezzled, 15 years in prison. The Korean platform blocked its customers' withdrawals before falling into bankruptcy.

▶ Hyperliquid, Uniswap and Aave could double thanks to their revenues. The three protocols buy back and destroy their own token using their revenue.

▶ Bitcoin falls back below 63,000 dollars: 227 million liquidated in a few hours. 122 million dollars of long positions disappeared overnight.

▶ Crypto cards: a new record at $759 million, far from exchanges. Volume has more than doubled in one year, driven by USDC and USDT.

Important figures of the week

➤ 13,689 customers are the number of accounts exposed by the data leak at Trezor. Their private keys and wallet backups were not affected.

➤ $500 million is the value of the ships that the United Arab Emirates will tokenize.

➤ $1.5 billion is the amount of the hack that pushes Bybit to sue North Korea and the Lazarus Group, 18 months after the fact.

➤ Strategy's $15 billion raise now costs it $1.76 billion in interest per year.

Video of the week

Steady Lads' Cara sifts through the levels that are holding up the market this week.