🗞 CryptoNews of the Day 🗞
NFT Platform Recur Shuts Down Despite $50M Raise and Big Name Partnerships: NFT startup Recur has declared the winding down of its Web3 platform, attributing its decision to the challenges of the crypto winter.
👉Details: https://coinmarketcap.com/alexandria/article/nft-platform-recur-shuts-down-despite-dollar50m-raise-and-big-name-partnerships
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Coinbase Suspends Trading of Three Stablecoins in Canada, Including USDT, DAI: Coinbase has declared its intention in an email to customers to suspend trading for three widely used stablecoins in Canada, which includes trading of the largest stablecoin, Tether (USDT).
👉Details: https://coinmarketcap.com/alexandria/article/coinbase-suspends-trading-of-three-stablecoins-in-canada-including-usdt-dai
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$1.79M ETH Stuck on Shiba Inu’s Shibarium Bridge Day After Launching: The recently launched Shibarium is facing issues as transactions are stuck in a pending state, resulting in over 1,003 ETH (equivalent to $1.79 million) being locked.
👉Details: https://coinmarketcap.com/alexandria/article/dollar179m-eth-stuck-on-shiba-inus-shibarium-bridge-day-after-launching
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Payments Network Stellar Announces Investment in Money Transfer Firm MoneyGram: Stellar has announced its investment in the major money transfer company MoneyGram International.
👉Details: https://coinmarketcap.com/alexandria/article/payments-network-stellar-announces-investment-in-money-transfer-firm-moneygram
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Republicans Question Gensler on How Prometheum Got SEC Approval: Republicans in the U.S. legislative panel in charge of the Securities and Exchange Commission (SEC) have asked SEC Chairman Gary Gensler to provide an explanation.
👉Details: https://coinmarketcap.com/alexandria/article/republicans-question-gensler-on-how-prometheum-got-sec-approval
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Shiba Inu Launches Shibarium Layer-2 to Ethereum Mainnet: The Shiba Inu (SHIB) ecosystem has unveiled Shibarium, its Ethereum layer-2 network, which marks a significant milestone for the project.
👉Details: https://coinmarketcap.com/alexandria/article/shiba-inu-launches-shibarium-layer-2-to-ethereum-mainnet
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Binance.US Asks Court For Protective Order Against the SEC: Binance.US has lodged a court filing requesting a protective order against the United States Securities and Exchange Commission (SEC).
👉Details: https://coinmarketcap.com/alexandria/article/binanceus-asks-court-for-protective-order-against-the-sec
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Monetary Authority of Singapore Finalizes Stablecoin Regulations: The Monetary Authority of Singapore (MAS) has finalized new regulations concerning single-currency, non-government-issued stablecoins.
👉Details: https://coinmarketcap.com/alexandria/article/monetary-authority-of-singapore-finalizes-stablecoin-regulations
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Machi Big Brother Withdraws Defamation Lawsuit Against Crypto Sleuth ZachXBT: ZachXBT said on Monday that the defamation lawsuit Jeffrey "Machi Big Brother" Huang had filed against him in June has been dismissed.
👉Details: https://coinmarketcap.com/alexandria/article/machi-big-brother-withdraws-defamation-lawsuit-against-crypto-sleuth-zachxbt
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Hedera-based Dropp Project Featured in FedNow Service Provider List, HBAR Soars 17%: The Hedera Hashgraph network-based micropayments platform Dropp has been included in the list of “service provider showcase” on the Federal Reserve's FedNow payment service website.
👉Details: https://coinmarketcap.com/alexandria/article/hedera-based-dropp-project-featured-in-fednow-service-provider-list-hbar-soars-17percent
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Former SEC Head John Reed Stark Believes Current SEC Will Not Approve Spot Bitcoin ETF: The Securities and Exchange Commission (SEC) is not going to amend its position against allowing exchange-traded funds (ETFs) in Bitcoin spot markets.
👉Details: https://coinmarketcap.com/alexandria/article/former-sec-head-john-reed-stark-believes-current-sec-will-not-approve-spot-bitcoin-etf
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Last Week on Crypto Twitter: Friends Don’t Chicken Out: Move over memecoins — trading shares of CT influencers is now the hottest thing in town. Check out the latest recap of what went down on CT here!
👉Details: https://coinmarketcap.com/alexandria/article/last-week-on-crypto-twitter-friends-dont-chicken-out
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Visa Introduces New Way To Pay For Ethereum Gas Fees Directly Using Visa Cards: Visa has finished testing a system to make it easier to pay transaction fees, or "gas fees," on the Ethereum blockchain.
👉Details: https://coinmarketcap.com/alexandria/article/visa-introduces-new-way-to-pay-for-ethereum-gas-fees-directly-using-visa-cards
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Sam Bankman-Fried’s Bail Revoked, Will Be Detained in Jail Until Trial Starts in October: Sam Bankman-Fried, the disgraced founder of failed exchange FTX, has been sent to jail following a bail hearing before the U.S. District Judge Lewis Kaplan in New York.
👉Details: https://coinmarketcap.com/alexandria/article/sam-bankman-frieds-bail-revoked-will-be-detained-in-jail-until-trial-starts-in-october
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SEC Delays Ark Invest’s Spot Bitcoin ETF, Opens Proposal to Public for Comments: The United States Securities and Exchange Commission (SEC) has delayed its decision regarding the approval or disapproval of a spot Bitcoin exchange-traded fund (ETF) filed by ARK Invest.
👉Details: https://coinmarketcap.com/alexandria/article/sec-delays-ark-invests-spot-bitcoin-etf-opens-proposal-to-public-for-comments
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Federal Court Affirms Tornado Cash Sanctions: A federal court has upheld the authority of the U.S. Treasury Department to impose sanctions on the cryptocurrency mixer Tornado Cash, dismissing a legal challenge from its users.
👉Details: https://coinmarketcap.com/alexandria/article/federal-court-affirms-tornado-cash-sanctions
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Bitcoin and Ethereum Now Less Volatile Than Oil: Report: Bitcoin and Ethereum, well-known for their erratic price fluctuations, appear to be experiencing a period of reduced volatility.
👉Details: https://coinmarketcap.com/alexandria/article/bitcoin-and-ethereum-now-less-volatile-than-oil-report
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Bloomberg: Ethereum Futures ETF Likely To Be Approved: The price of Ethereum (ETH) saw a significant 10% surge, rising to $1,700.
👉Details: https://coinmarketcap.com/alexandria/article/bloomberg-ethereum-futures-etf-likely-to-be-approved
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Crypto Miners Establishes Digital Energy Council To Lobby in Washington: Crypto miners are forming a new entity, the Digital Energy Council (DEC), aimed at influencing U.S. policy concerning cryptocurrency regulation and energy use.
👉Details: https://coinmarketcap.com/alexandria/article/crypto-miners-establishes-digital-energy-council-to-lobby-in-washington
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Linea Network Deploys ERC-20 Token Bridge, Finalizes Mainnet Launch: With the deployment of an ERC-20 token bridge, Linea, a zero-knowledge Ethereum Virtual Machine (zkEVM) rollup solution, has successfully launched its mainnet.
👉Details: https://coinmarketcap.com/alexandria/article/linea-network-deploys-erc-20-token-bridge-finalizes-mainnet-launch
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Donald Trump Is a Crypto Whale; New Filings Show $2.8M In Crypto Wallet: Former President Donald Trump has been revealed to possess over $2.8 million in cryptocurrency within an Ethereum wallet.
👉Details: https://coinmarketcap.com/alexandria/article/donald-trump-is-a-crypto-whale-new-filings-show-dollar28m-in-crypto-wallet
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Filecoin Mining Firm in China Charged for $83.3M Pyramid Scheme: A Chinese court is presently overseeing a case involving a Chinese Filecoin mining company and its four executives who are accused of orchestrating an $83.3 million pyramid scheme.
👉Details: https://coinmarketcap.com/alexandria/article/filecoin-mining-firm-in-china-charged-for-dollar833m-pyramid-scheme
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First Spot Bitcoin ETF in Europe Listed on Euronext Amsterdam: Jacobi Asset Management, headquartered in London, has introduced Europe's first spot Bitcoin exchange-traded fund (ETF) on Euronext Amsterdam.
👉Details: https://coinmarketcap.com/alexandria/article/first-spot-bitcoin-etf-in-europe-listed-on-euronext-amsterdam
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Coca-Cola Releases “Masterpiece” NFT Collection on Layer-2 Base: Coca-Cola has unveiled its "Masterpiece" NFT collection, displaying a fusion of traditional and modern artwork on Base, Coinbase's Ethereum Layer 2 network.
👉Details: https://coinmarketcap.com/alexandria/article/coca-cola-releases-masterpiece-nft-collection-on-layer-2-base
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Maker Draws In $165M in Revenue as Interest Rates Increased, Hitting a 2-Year High: According to data from Makerburn.com, the supply of DAI stablecoin has risen to its highest level in five months, reaching 5.36 billion.
👉Details: https://coinmarketcap.com/alexandria/article/maker-draws-in-dollar165m-in-revenue-as-interest-rates-increased-hitting-a-2-year-high
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CyberConnect is #Web3 earliest & biggest social network!
It's ERC-4337-powered smart account, CyberAccount is the market leader in AA w 90% of all smart contract wallets created to date.
The protocol's native utility token #CYBER will list on Binance at 12PM UTC TODAY! 🔥
🗞 CryptoNews of the Day 🗞
Week in DeFi: Paypal’s Stablecoin, Base Official Launch, Synthetix USDT Perps: Plenty of launches last week — from PayPal, Base, Synthetix to DeBank — as we head into yet another exciting week in DeFi. Check out the latest DeFi news and alpha now!
👉Details: https://coinmarketcap.com/alexandria/article/week-in-defi-paypals-stablecoin-base-official-launch-synthetix-usdt-perps
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US Senators, Crypto Advocacy Groups Urge Court To Dismiss SEC Lawsuit Against Coinbase: A number of crypto lobbying groups, U.S. Senator Cynthia Lummis (R-Wyo.), and a number of academics have joined forces to submit amicus (friend of the court).
👉Details: https://coinmarketcap.com/alexandria/article/us-senators-crypto-advocacy-groups-urge-court-to-dismiss-sec-lawsuit-against-coinbase
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Curve Finance Will Reimburse Affected Users After $61M Exploit: The decentralized finance (DeFi) exchange Curve Finance has revealed its plans to compensate users who were impacted by a recent hack that cost $61 million in losses.
👉Details: https://coinmarketcap.com/alexandria/article/curve-finance-will-reimburse-affected-users-after-dollar61m-exploit
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Solana’s $1,000 Saga Phone Sees Price Reduction by $400 To “Get Wider Adoption”: The cost of Solana Saga, an Android-based smartphone made by Solana Mobile, has been significantly reduced from its original $1,000 price to $599.
👉Details: https://coinmarketcap.com/alexandria/article/solanas-dollar1000-saga-phone-sees-price-reduction-by-dollar400-to-get-wider-adoption
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