Business

OKX reserve ratios (OKX)
OKX Unveils 2nd Proof-of-Reserves Report, Promises Monthly Publication
Users can now view and download the old and new reserve ratios and self-assess the exchange's health and safety of their assets, OKX said.
OKX reserve ratios (OKX)

Three of the four members at now-defunct (DeFi) bonds tool Porter Finance relaunched the project on Monday. (Shutterstock)
Porter Finance Team Returns for Second Shot at DeFi Bonds Project
Months after Porter Finance was shuttered due to lack of demand, three of the four team members say they still feel the potential for on-chain bond issuances is massive.
Three of the four members at now-defunct (DeFi) bonds tool Porter Finance relaunched the project on Monday. (Shutterstock)

JVCEA vice chair Genki Oda (Genki Oda)
Some, Not All, Crypto Token Screenings Will Be Scrapped, Japan’s JVCEA Official Says
The legally approved self-regulatory body wants to streamline screenings for tokens that are already listed on local exchanges while keeping existing standards for other asset...
JVCEA vice chair Genki Oda (Genki Oda)

Formula One (F1) team McLaren Racing unveiled a crypto-inspired look for its racing cars at an event in Singapore on Tuesday. (McLaren Racing)
McLaren Racing Unveils Crypto-Inspired Car Livery Ahead of Singapore GP
The Singapore Grand Prix takes place on Oct. 2.
Formula One (F1) team McLaren Racing unveiled a crypto-inspired look for its racing cars at an event in Singapore on Tuesday. (McLaren Racing)

(Okay Bears via Magic Eden, modified by CoinDesk)
NFT Project Okay Bears Signs Licensing Deal With IMG
IMG has been appointed as the exclusive global licensing representative to launch consumer products and experiences for the Solana-based PFP project.
(Okay Bears via Magic Eden, modified by CoinDesk)

(Scott Graham/Unsplash)
B2B Payments Startup Paystand Acquires Mexican Peer Yaydoo
While the companies will operate independently, there is hope for cross-selling opportunities.
(Scott Graham/Unsplash)

STEPN rewards runners and walkers with crypto. (Raúl González/Flickr)
Solana-Based STEPN Reports $122.5M in Q2 Profits
The team will use 5% of the profits to initiate a buyback and burn program of its native GMT tokens.
STEPN rewards runners and walkers with crypto. (Raúl González/Flickr)

CoinFlex is taking its battles to arbitration. (artisteer/iStock)
CoinFLEX Begins Arbitration to Recover $84M in Delinquent Debt
The trading platform also said it was speaking with depositors looking to help the business by “rolling some of their deposits into equity.”
CoinFlex is taking its battles to arbitration. (artisteer/iStock)

Celsius has joined a growing list of crypto companies reducing headcount during the market downturn. (Virojt Changyencham/Getty Images)
Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report
Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.
Celsius has joined a growing list of crypto companies reducing headcount during the market downturn. (Virojt Changyencham/Getty Images)

JPMorgan says its indicators suggest the deleveraging process is already well advanced. (Kurhan/Shutterstock)
JPMorgan Says Crypto Market Deleveraging Cycle Won’t Be Lengthy
Stronger crypto companies are stepping in to help contain contagion, and venture capital funding is still healthy, the bank said.
JPMorgan says its indicators suggest the deleveraging process is already well advanced. (Kurhan/Shutterstock)