🗞 CryptoNews of the Day 🗞
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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🗞 CryptoNews of the Day 🗞
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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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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$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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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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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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🗞 CryptoNews of the Day 🗞
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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97 Crypto Funds Have Ceased Operating This Year: Report: Out of the more than 700 cryptocurrency funds that exist worldwide, 97 have closed so far this year, according to Swiss investment adviser 21e6 Capital AG.
👉Details: https://coinmarketcap.com/alexandria/article/97-crypto-funds-have-ceased-operating-this-year-report
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Elon Musk “Never Will” Launch a Twitter or X Crypto Token, Putting Claims in News Reports To Rest: The rumors of Twitter or X developing its own cryptocurrency coin have been put to bed by Elon Musk.
👉Details: https://coinmarketcap.com/alexandria/article/elon-musk-never-will-launch-a-twitter-or-x-crypto-token-putting-claims-in-news-reports-to-rest
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Robinhood Profitable For First Time, Crypto Revenue Drops: Despite a decline in revenue in the second quarter of 2023, Robinhood achieved profitability for the first time since becoming public, according to its quarterly report published in August.
👉Details: https://coinmarketcap.com/alexandria/article/robinhood-profitable-for-first-time-crypto-revenue-drops
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CZ Warns of Increasingly Popular Crypto Scam Using Mirrored Addresses: Changpeng "CZ" Zhao, the CEO of Binance, has tweeted a warning to his followers about a scam.
👉Details: https://coinmarketcap.com/alexandria/article/cz-warns-of-increasingly-popular-crypto-scam-using-mirrored-addresses
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Google Cloud Is Now Validating on Celo Network After Celo Transition to an Ethereum Layer-2: Google Cloud is now operating a validator on the Celo Network, a layer-1 blockchain which aims to bring a mobile-first experience to Web3 users.
👉Details: https://coinmarketcap.com/alexandria/article/google-cloud-is-now-validating-on-celo-network-after-celo-transition-to-an-ethereum-layer-2
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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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🗞 CryptoNews of the Day 🗞
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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🗞 CryptoNews of the Day 🗞
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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KPMG: Bitcoin “Makes Positive Contributions” to Environment, Social and Governance (ESG) Initiatives: In a report released by KPMG, the three pillars of the ESG investment framework—environmental, social, and governance—are shown to benefit from Bitcoin.
👉Details: https://coinmarketcap.com/alexandria/article/kpmg-bitcoin-makes-positive-contributions-to-environment-social-and-governance-esg-initiatives
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🗞 CryptoNews of the Day 🗞
Department of Justice Pushes for SBF To Be “Detained Pending Trial”: Sam Bankman-Fried, the founder of FTX, has not refuted sharing former Alameda Research CEO Caroline Ellison's journal with the New York Times.
👉Details: https://coinmarketcap.com/alexandria/article/department-of-justice-pushes-for-sbf-to-be-detained-pending-trial
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🗞 CryptoNews of the Day 🗞
Shiba Inu Devs Working on Blockchain-Based Digital Identity Application: According to a blockchain representative, the Shiba Inu ecosystem intends to link all applications to a blockchain-based digital identity.
👉Details: https://coinmarketcap.com/alexandria/article/shiba-inu-devs-working-on-blockchain-based-digital-identity-application
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🗞 CryptoNews of the Day 🗞
MIT Digital Currency Initiative Launches Programmable CBDC Platform: The experimental PArSEC platform, an open-source platform designed with central bank digital currency (CBDC) in mind, has been launched by the Massachusetts Institute of Technology's (MIT).
👉Details: https://coinmarketcap.com/alexandria/article/mit-digital-currency-initiative-launches-programmable-cbdc-platform
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HashKey and OSL First To Obtain Hong Kong Crypto Exchange Licenses for Retail: HashKey Exchange and OSL Digital Securities have been granted the first-ever crypto exchange licenses in Hong Kong under a new policy that permits exchanges to work with retail clients.
👉Details: https://coinmarketcap.com/alexandria/article/hashkey-and-osl-first-to-obtain-hong-kong-crypto-exchange-licenses-for-retail
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🗞 CryptoNews of the Day 🗞
Michael Saylor’s MicroStrategy Plans To Sell Up to $750M of Stock To Buy More Bitcoin: MicroStrategy hopes to raise up to $750 million by selling further shares of its stock, which it will use to buy more Bitcoin and for other business-related expenses.
👉Details: https://coinmarketcap.com/alexandria/article/michael-saylors-microstrategy-plans-to-sell-up-to-dollar750m-of-stock-to-buy-more-bitcoin
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