Alex Mashinky, the founder and former CEO of Celsius Network, was accused of trying to withdraw $10 million from the protocol weeks before the company filed for bankruptcy.  Financial Times made a bold claim that Mashinky made a withdrawal between mid-late May, which was weeks before Celsius’ withdrawal pause announcement on June 12.

A popular American celebrity and influencer, Kim Kardashian, decided to pay the U.S. SEC for $1.26 million to settle her case in regards to an infamous cryptocurrency, EthereumMax. Earlier, Kim Kardashian was found guilty for promoting EthereumMax to her social media followers without disclosing her financial interest in it. After the SEC charged her with the case, Kim K. decided to settle and pay $1.26 million.

Friday last week we had another bad news from the U.S. Core PCE Price Index went up by 0.6%, which is 0.1% higher than Dow Jones’ estimation. This number has been followed closely by the Fed, and it shows that the Fed’s interest rate hikes might not be slowing down anytime soon. As we all know by now, the crypto market is tightly correlated to the U.S. interest rate policies.