Hello everyone!

Welcome to this week's episode of Crypto Weekly, where you get updated on the major news events shaking the crypto-verse over the past few days.

On today's bulletin, we have the following;

  • The biggest De-Fi hack in history takes a shocking twist
  • You can now watch movies by paying with bitcoin
  • Coinbase announce huge profits
  • Etc.

Let's get started.

1. PolyNetwork Hacker Returns Funds

By now you must have heard of the 611 million dollars hack on the PolyNetwork this past week.

The good news then was that the addresses of the hackers had been blacklisted.

But now, they have since returned all of the stolen coins, stating that this was all their initial intention.

2. Watching Movies With Bitcoin?

Cinema giants AMC have announced plans to start accepting Bitcoin for movie tickets and snacks as early as December 2021.

3. Stable-Coin Giants, Circle, Aim For Global Bank Status

Circle has announced that they plan to become a national digital currency bank.

With this move, they will now be under review by the US Federal Reserve.

4. Coinbase Announces Profits

Cryptocurrency giants, Coinbase, have announced their 2nd quarter financial reports which revealed a $2 billion revenue.

95% of this revenue has come from trading fees.

5. Paris-Saint Crypto

Lionel Messi has become the most popular athlete to earn his salary in cryptocurrency.

The former Barcelona attacker who has since signed for the French club PSG will get paid half of his salary in the club's fan-tokens.

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Conclusion

There has been more bullish action this past week.

And if this keeps on, we will be looking at hitting all-time highs as early as September or October.

Until then, HODL on.