Reddit launched Gen 4 of its NFT Collectible Avatars while Amazon expanded its blockchain tools. Also, crypto influencers shared thoughts on Threads and indicated that they aren’t ready to leave Twitter just yet. Author: Rosie Perper

Sam Bankman-Fried’s repeated efforts to contact witnesses and influence their testimony shows that “no combination of conditions will reasonably assure the safety of the community,” prosecutors said in a written filing calling for his bond to be revoked. Author: Nikhilesh De

The struggling platform reported losses of $3.7 billion in the second quarter, though CEO Mark Zuckerberg remains “fully committed” to the metaverse and AI. Author: Rosie Perper

Mining rig makers like Bitmain and MicroBT are expanding to Russia as the U.S. market becomes saturated, source said. Author: Eliza Gkritsi

Lower volatility has made option prices cheaper, Matrixport’s Markus Thielen said. Author: Omkar Godbole