♻️ Polygon Commits to Going Carbon Neutral in 2022 - The Polygon network announced last Tuesday its commitment to going carbon neutral and climate positive this year by releasing their “Green Manifesto: A Smart Contract with Planet Earth.” ( Source) ⚖ Class Action Lawsuit Accuses Uniswap Labs, Its Investors of Allowing Fraudulent Activity on the DEX Protocol - A new class-action lawsuit from a Uniswap user alleges that Uniswap Labs and its investors are culpable for her losses due to a failure to comply with securities laws. 🇨🇦 Canadian Crypto Firm Considers Aiding US Spot Bitcoin ETF Hopefuls - The Federal Deposit Insurance Corporation (FDIC) issued a financial institution letter – a letter sent to CEOs of FDIC-insured banks – requesting that banks notify their regional FDIC director of their crypto activities. ⚡ SEC Amendment Is Unconstitutional, Advocacy Group Says - A new rule proposed by the SEC to expand its definition of “exchange” will unfairly subject developers and publishers to registration requirements and violates the US Constitution according to nonprofit research group Coin Center. 🇵🇹 Portugal Grants First Crypto License to Bison Bank - The Banco de Portugal, the competent authority responsible for registering virtual asset service providers in Portugal, has granted a license to Bison Bank to act as the first crypto bank in the country.

⚠️ Attacker Drains $182M From Beanstalk Stablecoin Protocol - Beanstalk Farms, an Ethereum-based stablecoin protocol, was exploited for $182 million Sunday. 📈 Digital Funds Seeks to Launch Tokenized S&P 500 Fund - Digital Funds has filed to launch a Tokenized S&P 500 EW Index Fund that would primarily invest in the securities of issuers included in the S&P 500 Equal Weight Index, according to a regulatory disclosure filed last week.

💰 Terraform Labs Gifts $880 Million in LUNA to Luna Foundation Guard - Terraform Labs has gifted 10 million LUNA ($880 million) to the Luna Foundation Guard to help boost the stability of the stablecoin UST. 🇰🇵 US Government Connects North Korean Hacking Group With Last Month’s $600 Million Ronin Exploit - The US government connected the North Korean hacking unit Lazarus Group and last month's exploit of the Axie Infinity's Ronin sidechain network. 📅 Ethereum Merge Pushed to September As ‘Final Chapter’ of Proof of Work Looms - The Ethereum 2.0 upgrade that will see the network switch to proof of stake will come 'in a few months after June, according to devs. Welcome back to This Week in Crypto… everything you need to know in one scannable format.

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