Subject: 🚀🦎 The Tornado gets Rekt 🌪️

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The Singapore-based Crypto lender Hodlnaut has halted withdrawals, token swaps and deposits for its users citing ‘market conditions.

Hodlnaut has also notified the Monetary Authority of Singapore that it is withdrawing its license application related to regulated digital payment tokens.

In today's news, US Treasury Sanctions Tornado Cash, looks to expand into South Korea and Chainlink to only support PoS post Merge.

Read on

24h Hot Searches Worldwide 

  • Tornado Cash               (-27.9%)

  • Kujira                             (+34.9%)

  • Optimism                      (-11.2%)

  • Zignaly                            (+2.7%)

  • Gains Network             (+13.5%)

  • Evmos                             (-6.7%)

  • Liquity                           (+30.5%)


While the crypto market trades sideways in anticipation of July's CPI data print, the effort to create a PoW ETH fork post-Merge rumbles on.


Let's have a look!

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Mixed with sanctions


The US Treasury of Foreign Assets Control sanctioned the on-chain privacy network cryptocurrency mixer, Tornado Cash.

According to a press release, the Treasury is sanctioning Tornado Cash as they’ve been involved in “laundering the proceeds of cybercrimes”.

Tornado Cash has laundered over $7 billion worth of crypto since 2019 which includes more than $455 million stolen by North Korean hackers Lazarus Group.



Annyeonghaseyo recently unveiled the acquisition of payment provider PnkLink Co. and OK-Bit Co., a digital asset exchange as part of its plan to expand into South Korea. has also announced that they have secured the acquisition of the Electronic Financial Transaction Act (EFTA) and Virtual Asset Service Provider (VASP) registration in South Korea.



It's a no from Chainlink


Chainlink announced that it will not support any PoW Ethereum forks after Ethereum’s Merge to PoS.

Chainlink also assured the community that the protocol and its services would be operational throughout and after Ethereum’s Merge. To ensure minimal disruption, Chainlink is conducting a thorough quality check.




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