🗞 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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Crypto Centralized Exchange Bittrex Will Pay $24M in Settlement With the SEC: Bittrex, a US cryptocurrency exchange, and the Securities and Exchange Commission (SEC) of the United States reached a $24 million settlement.
👉Details: https://coinmarketcap.com/alexandria/article/crypto-centralized-exchange-bittrex-will-pay-dollar24m-in-settlement-with-the-sec
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Y00ts NFT Project Drops Polygon, Will Migrate To Ethereum: The NFT profile picture (PFP) project y00ts from DeLabs is moving from Polygon to Ethereum's mainnet, for the purpose of coexisting with their DeGods collection.
👉Details: https://coinmarketcap.com/alexandria/article/y00ts-nft-project-drops-polygon-will-migrate-to-ethereum
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Aptos Labs Partners With Microsoft’s OpenAI To Expand Web3: Following the developer's announcement of a multiyear agreement with Microsoft to expand Web3, the price of Aptos (APT), the native token for the Aptos blockchain, has increased over 10%.
👉Details: https://coinmarketcap.com/alexandria/article/aptos-labs-partners-with-microsofts-openai-to-expand-web3
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🗞 CryptoNews of the Day 🗞
ARK Invest Bitcoin ETF Expected To Be Delayed: Cathie Wood: The founder of ARK Invest, Cathie Wood, has stated that she anticipates a further delay for the company's proposed spot Bitcoin ETF.
👉Details: https://coinmarketcap.com/alexandria/article/ark-invest-bitcoin-etf-expected-to-be-delayed-cathie-wood
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Sino Global Files $67M Claim Against FTX For Fund It Co-Founded: Matthew Graham’s Sino Global Capital has filed a claim against FTX Trading for $67.3 million on behalf of Sino's Liquid Value fund.
👉Details: https://coinmarketcap.com/alexandria/article/sino-global-files-dollar67m-claim-against-ftx-for-fund-it-co-founded
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Last Week on Crypto Twitter: Hairy Evil or Bald Good?: Curve founder runs OTC deals, BALD memecoin rugs and SBF rumours marks an eventful start as we head into August. Read on to find out what went down on CT last week!
👉Details: https://coinmarketcap.com/alexandria/article/last-week-on-crypto-twitter-hairy-evil-or-bald-good
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Nd4.eth Burns 2,500 ETH ($4.5M) In Unexplained Move: An unknown person sent 2,500 ETH ($4.5 million) to a burn address, causing the coins to be effectively wiped out for no apparent reason.
👉Details: https://coinmarketcap.com/alexandria/article/nd4eth-burns-2500-eth-dollar45m-in-unexplained-move
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Valkyrie Amends Bitcoin Futures ETF To Include Ethereum Futures, Could Be First To Launch: Valkyrie is looking to change the investment strategy of its current Bitcoin futures ETF in order to cover Ethereum futures contracts as well, in order to launch ahead of rivals.
👉Details: https://coinmarketcap.com/alexandria/article/valkyrie-amends-bitcoin-futures-etf-to-include-ethereum-futures-could-be-first-to-launch
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🗞 CryptoNews of the Day 🗞
PayPal’s PYUSD Launch Sparks Flood of Fake Tokens on Uniswap: Following the launch of PayPal's recently announced ERC-20 stablecoin, PayPal USD, a number of fake tokens with the PYUSD ticker have appeared on the decentralized exchange (DEX) Uniswap.
👉Details: https://coinmarketcap.com/alexandria/article/paypals-pyusd-launch-sparks-flood-of-fake-tokens-on-uniswap
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Week in DeFi: Curve Founder OTC Deals, BOLD by Offchain Labs, BALD Rugs: Curve founder sells CRV in OTC deals to repay his CRV loans, while Base plans to open mainnet to the public on August 9. Check out the top DeFi news in our weekly roundup!
👉Details: https://coinmarketcap.com/alexandria/article/week-in-defi-curve-founder-otc-deals-bold-by-offchain-labs-bald-rugs
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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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Argentina’s Information Agency Launches Investigation Into Sam Altman’s Worldcoin Foundation: The Argentine Agency for Access to Public Information (AAIP) has launched an investigation into the privacy practices of the cryptocurrency project Worldcoin.
👉Details: https://coinmarketcap.com/alexandria/article/argentinas-information-agency-launches-investigation-into-sam-altmans-worldcoin-foundation
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Binance Labs Invests $5M in Curve DAO Token (CRV) After Exploit, Curve Could Expand to BNB Chain: Binance Labs, the venture arm of the largest cryptocurrency exchange in the world, has committed to investing $5 million in the Curve DAO Token (CRV).
👉Details: https://coinmarketcap.com/alexandria/article/binance-labs-invests-dollar5m-in-curve-dao-token-crv-after-exploit-curve-could-expand-to-bnb-chain
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Coinbase’s Layer-2 Base Launches on Mainnet: In an effort to encourage the creation of millions of new decentralized apps, Coinbase has released the mainnet for Base, their Ethereum layer-2 network.
👉Details: https://coinmarketcap.com/alexandria/article/coinbases-layer-2-base-launches-on-mainnet
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Class-Action Lawsuit Filed Against Top VCs Including Temasek, Sequoia Capital, Sino Global For Promoting FTX Fraud: Due to their connections to the now-defunct cryptocurrency exchange FTX, a lawsuit has been filed against a number of large venture capital (VC) investment firms.
👉Details: https://coinmarketcap.com/alexandria/article/class-action-lawsuit-filed-against-top-vcs-including-temasek-sequoia-capital-sino-global-for-promoting-ftx-fraud
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SEC Plans To Appeal XRP Case: The US Securities and Exchange Commission (SEC) has stated that it intends to challenge a recent court decision that determined the cryptocurrency XRP used by Ripple is not a security.
👉Details: https://coinmarketcap.com/alexandria/article/sec-plans-to-appeal-xrp-case
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PayPal’s Stablecoin Beneficial For Ethereum: JPMorgan: According to a JPMorgan analyst, the introduction of PayPal's new stablecoin might help Ethereum by raising the total value locked.
👉Details: https://coinmarketcap.com/alexandria/article/paypals-stablecoin-beneficial-for-ethereum-jpmorgan
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Ryan Salame, Former FTX Exec, In Talks For Plea Deal: Bloomberg: Ryan Salame, the former co-CEO of FTX Digital Markets, is reportedly in talks with federal prosecutors about entering a guilty plea to criminal charges.
👉Details: https://coinmarketcap.com/alexandria/article/ryan-salame-former-ftx-exec-in-talks-for-plea-deal-bloomberg
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🗞 CryptoNews of the Day 🗞
CoinMarketCap Launches Base Ecosystem Category Page Ahead of August 9 Mainnet Launch: CoinMarketCap has just released a category page for Base Ecosystem projects, ahead of the layer-2 mainnet launch.
👉Details: https://coinmarketcap.com/alexandria/article/coinmarketcap-launches-base-ecosystem-category-page-ahead-of-august-9-mainnet-launch
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🗞 CryptoNews of the Day 🗞
$1.85M Bounty To Dox Curve Hacker Open to Public After Missing Deadline To Return Funds: The hacker in charge of the most recent $61 million dollar Curve exploit had passed Curve Finance's deadline to voluntarily return the funds.
👉Details: https://coinmarketcap.com/alexandria/article/dollar185m-bounty-to-dox-curve-hacker-open-to-public-after-missing-deadline-to-return-funds
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🗞 CryptoNews of the Day 🗞
US Republican Pushes For Stablecoin Bill After Paypal’s Stablecoin Launch: Following PayPal's launch of its own stablecoin, Patrick T. McHenry, Chair of the House Financial Services Committee, emphasized the need for legislation to be passed to govern stablecoins.
👉Details: https://coinmarketcap.com/alexandria/article/us-republican-pushes-for-stablecoin-bill-after-paypals-stablecoin-launch
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🗞 CryptoNews of the Day 🗞
PayPal Enters the Stablecoin Market With PYUSD: PayPal has launched PYUSD, an ERC-20 stablecoin issued on Ethereum.
👉Details: https://coinmarketcap.com/alexandria/article/paypal-enters-the-stablecoin-market-with-pyusd
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Curve Hacker Returns Some Funds After $61M Exploit on CRV Pools: After negotiations on Friday, the hacker returned roughly $10 million of the stolen cryptocurrency to one of the victims, Alchemix.
👉Details: https://coinmarketcap.com/alexandria/article/curve-hacker-returns-some-funds-after-dollar61m-exploit-on-crv-pools
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