The Financial Conduct Authority (FCA) in the UK has disclosed that it has approved only 13% of the total applications by cryptocurrency companies for registration. Out of 291 applications since January 2020, only 38 have successfully completed the new registration process. The FCA revealed these statistics in response to a right-to-know request, highlighting that many firms voluntarily withdrew their filings due to non-compliance with the required regulations.

Former Goldman Sachs executive Raoul Pal said that Solana (SOL) is like Ethereum during the bear market of 2018 and 2019. Pal said in an interview that SOL is his second largest cryptocurrency investment portfolio allocation and believes that it is likely to repeat the dramatic recovery from the bear market to new highs that Ethereum experienced a few years ago.

August 11th, according to Decrypt, BSC ecological stablecoin project Helio Protocol received a $10 million investment from Binance Labs, aiming to help the protocol continue its transformation into a liquidity collateral platform. At the same time, new funds will help the platform expand to other networks, including Ethereum, Arbitrum, and zkSync. A spokesperson for Binance Labs said, "Helio's goal is to launch on Ethereum, and then on well-known L2 networks such as Arbitrum and Zksync."

According to data from Swiss investment adviser 21e6 Capital AG, almost 100 crypto funds have closed this year out of over 700 worldwide. These funds returned an average of 15.2% in H1 2018, but underperformed bitcoin's 83.3% gain. Many funds had been holding more cash than usual due to industry turmoil last year, and some have struggled to find new banking partners. "Directional funds" performed well, but quantitative funds were held back by volatile markets. While investor confidence has improved slightly, sentiment has not fully recovered.

According to a new report by Goldman Sachs, global investment in artificial intelligence could reach $200 billion in less than two years, potentially boosting the overall economy. The report highlights the economic potential of generative AI, a subsector of AI that creates new content based on large language models. By 2025, AI investment could account for up to 4% of US GDP and 2.5% of GDP in other nations investing in the technology. However, significant upfront investment in physical, digital, and human capital will be required for large-scale transformation to occur.

Blockchain fund platform Solv Protocol announced that it has successfully secured an additional $6 million in investment, including Laser Digital from Japanese investment banking giant Nomura Securities, UOB Venture Management, Mirana Ventures, Emirates Consortium, Matrix Partners, Bing Ventures, Apollo Capital, Backed by institutions such as HashCIB, Geek Cartel and Bytetrade Labs.

Oluwaseun Dania, CEO of Nigerian crypto exchange Tradefada, has announced that PATRICIA Technologies has invested in the company. The amount of the investment was not disclosed. Dania praised PATRICIA for its innovation and representation of Nigeria and Africa on the global financial stage, and said the investment was a sign of confidence in Africa's leading crypto exchanges. PATRICIA recently suffered a security breach that resulted in the loss of users' funds, but Dania's investment has been viewed as a testament to his faith in the company's team and mission.

Conic announced a $1 million investment from Curve founder Michael Egorov. The newly raised funds will be used for the development of Conic, notably to cover the cost of the upcoming audit. In addition, Conic is working with the Curve team to introduce new features in crvUSD and Curve integration. Further details on Conic v2 will be announced in the coming weeks.

Paradigm, a technology investment firm, has announced its investment in Hooks on top of Uniswap v4, which will bring new functionalities to the protocol. Hooks are contracts that execute at different stages of a pool action's lifecycle in Uniswap v4, allowing for more flexibility and customizable liquidity.

Delabs, a company focused on Web3 game development and publishing, has secured a significant investment of $4.7 million. The investment will be used to develop upcoming games like Rumble Racing Star, Space Frontier, and Meta Bolts, as well as initiatives to enhance community engagement.