Bybit Restores Full

Stay in the loop with our weekly crypto digest as we get you up to speed on the hottest trends and events in the crypto space. Here’s what happened in crypto this week: Strategy (formerly MicroStrategy), despite meeting all criteria, was passed over for S&P 500 inclusion in the latest rebalancing, with Robinhood taking a surprise spot instead. The S&P 500 committee overlooked MicroStrategy, even with its massive Q2 profits and $10 billion net income.

Key Takeaways Trump Media and Technology Group has updated its Truth Social rewards program, allowing users to convert “gems” earned on the platform into Cronos (CRO) tokens, the native asset of Crypto.com. This move represents a strategic pivot for the company, which previously explored launching its own proprietary utility token but has now chosen to leverage an existing, widely adopted cryptocurrency.

Key Takeaways Former Celsius CEO Alex Mashinsky is scheduled to begin his 12-year prison sentence this week after pleading guilty to two felony counts related to his company’s Earn Program. Mashinsky’s conviction and sentencing mark a major moment of accountability for the crypto industry, placing him alongside other high-profile figures who have faced legal consequences for their actions.