ETH merge delay concerns; Buterin’s clown call

1. Concerns over Ethereum delays surface, while Tether CTO says it will be supported.

2. Ethereum cofounder calls Bitcoin bull Michael Saylor ‘a total clown’ and Meta’s metaverse attempts will ‘misfire’.

3. CoinFlex cuts staff to reduce costs by 60%.

4. US FDIC issues advisory over crypto deposits and insurance.

5. Report alleges S. Korean Busan Bank employee embezzles US$1.1 mln, invests in Bitcoin.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast August 1st.