Illustration: Greg Ruben / Axios

Tezos, a blockchain-based project, has been hit with a second class-action lawsuit in less than three weeks alleging its initial coin offering (ICO) from July violated SEC regulations because it sold unregistered securities, according to Coindesk.

Why it matters: Despite the boom in blockchain and cryptocurrency projects, it was only a matter of time before disputes and legal troubles emerged in the nascent industry. In July, the U.S. Securities and Exchange Commission warned that some ICOs may be subject to its securities laws.

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Updated 7 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10:30 a.m. ET: 30,217,420 — Total deaths: 946,847— Total recoveries: 20,554,349Map.
  2. U.S.: Total confirmed cases as of 10:30 a.m. ET: 6,677,516 — Total deaths: 197,682 — Total recoveries: 2,540,334 — Total tests: 91,546,598Map.
  3. Politics: Trump vs. his own administration on virus response.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.
Dan Primack, author of Pro Rata
12 mins ago - Economy & Business

U.S. nutritional supplements retailer takes first step to sell to China’s Harbin Pharma

Illustration: Sarah Grillo/Axios

GNC Holdings, the Pittsburgh-based nutritional supplements retailer, received bankruptcy court approval to sell itself to China’s Harbin Pharma for $770 million, although the deal still faces U.S. political pressures over how GNC customer data is protected.

Why it matters: It's a reminder that the U.S.-China merger mess goes well beyond smartphone apps, with Sen. Marco Rubio asking for a CFIUS review.

Ben Geman, author of Generate
1 hour ago - Energy & Environment

Tallying Trump's climate changes

Reproduced from Rhodium Climate Service; Chart: Axios Visuals

The Trump administration's scuttling or weakening of key Obama-era climate policies could together add 1.8 gigatons of carbon dioxide equivalent to the atmosphere by 2035, a Rhodium Group analysis concludes.

Why it matters: The 1.8 gigatons is "more than the combined energy emissions of Germany, Britain and Canada in one year," per the New York Times, which first reported on the study.