1⃣ Quantstamp will pay a fine to the SEC for conducting an unregistered ICO in 2017. On July 21, the SEC accused the platform of conducting an unregistered ICO in which 5000 investors purchased its native token, QSP. During the investigation, the parties reached a pre-trial settlement in which Quantstamp agreed to pay nearly $2.5 million as compensation for debt, pre-judgment interest, and a civil penalty of null million. However, the platform did not admit to any wrongdoing. 👀 2⃣ Reddit has released a series of fourth-generation Avatars, featuring the works of 100 independent artists and popular NFT series such as Cool Cats. The prices for NFTs in this series range from $2.49 to $199.99. The Avatar series (dune.com/polygon_a...)) comprises a total of 18.28 million collectible avatars, with over 14.33 million owners and a combined market value of more than $54.61 million. 👀 3⃣ The Federal Prosecutors in New York have requested the detention of Sam Bankman-Fried. During the hearings in the federal court of Manhattan, prosecutor Daniel Sassoon stated that "no conditions of release could ensure public safety." The prosecution's request was prompted by SBF providing personal records of Caroline Ellison, who was in charge of Alameda Research, to a reporter from The New York Times. It is expected that she will testify against SBF. 👀 4⃣ The High Court of Singapore's General Division has recognized cryptocurrencies as property, stating that "the owner of a crypto asset essentially holds an intangible right of property, recognized in common law as a chose in action and therefore subject to specific performance in court." The case was brought during the proceedings of the exchange Bybit against Ms. Ho , who was responsible for salary payments and was accused of transferring a significant amount of USDT to her secret address. The court ruled that the defendant must return the transferred funds and pay interest to Bybit.