US government launches investigation into BlackRock over Chinese investments.
“It is unconscionable for any U.S. company to profit from investments that fuel the military advancement of America’s foremost foreign adversary and facilitate the [Chinese Communist Party’s] human rights abuses.”
https://twitter.com/committeeonccp/status/1686424983319334922?s=20
GameStop Wallet support ends on Nov. 1 2023 due to regulatory uncertainty of the crypto space in the U.S.
The company advises its users to use other wallets.
https://wallet.gamestop.com/wallets#browser
The founder of Curve sold 5M CRV to Justin Sun at an average price of $0.4 via OTC.
https://twitter.com/lookonchain/status/1686291199517437953
The first RWA vault is now live on Mito.
https://twitter.com/MitoFinance/status/1686389454506983426?s=20
Crypto Market Daily Review ☀️
The market is down. Market cap is $1.17T. Bitcoin is trading at $28.9K
dropstab | icodrops | twitter | telegram
SEC charged Richard Heart (aka Richard Schueler) and three unincorporated entities that he controls, Hex, PulseChain, and PulseX, with conducting unregistered offerings of crypto asset securities that raised more than $1 billion in crypto assets from investors.
The PLS price has decreased by more than 40%.
https://twitter.com/secgov/status/1686042971190272000
The U.S. tax department will be requiring taxpayers to count staking rewards as gross income at the time they gain "dominion" over the tokens.
https://cointelegraph.com/news/crypto-staking-rewards-taxable-gross-income-once-received-irs
Binance Japan will initially support trading in 34 tokens, including BTC, ETC, DOT, QTUM, ALGO, ETH, ADA, ENJ, SAND, ASTR, BCH, BNB, MATIC, XLM, ATOM, XRP, BAT, MKR, XTZ, AVAX, LTC, DAI, IOST, XEM, ASX, CHZ, DOGE, JASMY, LINL, SHIB, SOL, TRX, ONT, and ZIL.
https://coinpost.jp/?p=475193
LeetSwap: “We noticed that some pool liquidity might have been compromised and we temporarily stopped the trading to investigate”.
LeetSwap is the largest DEX on the Base network.
https://twitter.com/leetswap/status/1686190488506769408
A federal judge denied Terraform Labs' motion to dismiss an SEC lawsuit.
The judge also said he rejected the use of a ruling from another judge who ruled that Ripple did not violate securities law in selling XRP to retail investors through an exchange intermediary.
https://www.coindesk.com/policy/2023/07/31/judge-rejects-ripple-ruling-precedent-in-denying-terraform-labs-motion-to-dismiss-sec-lawsuit/
Robert Kiyosaki: “WSJ claims economy is strong. Don’t they know the stock market is up because Biden raised debt ceiling. Americas debt is going up…so stock market going up. Numb nuts. America is broke. Still prefer gold silver Bitcoin.”
https://twitter.com/therealkiyosaki/status/1685824108087623680
💧Top Layer 2 Projects By Daily Transactions
dropstab | icodrops | twitter | telegram
PancakeSwap will share trading-fee revenue with CAKE token stakers.
Specifically, fixed-term CAKE stakers will receive 5% of the trading fee revenues from all PancakeSwap v3 pairs — with 0.01% and 0.05% fee tiers — on a recurring and weekly basis.
After the news, the CAKE price has increased by 5%.
https://www.theblock.co/post/242187/pancakeswap-trading-fee-revenue-share-cake-token-stakers
37 of the 50 (74%) biggest global banks by assets under management in 2023 support crypto trading through connecting to regulated crypto exchanges like Binance and Coinbase – allowing the seamless transfer of funds from bank accounts.
https://www.coingecko.com/research/publications/crypto-friendly-banks
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.19T. Bitcoin is trading at $29.4K
dropstab | icodrops | twitter | telegram
Justin Sun said that Huobi's Q2 2023 income was $193 million, the expenditure was $108 million, and profit was $85 million (increased by 183% from last quarter).
https://twitter.com/justinsuntron/status/1686371227089436672
Justin Sun: “Excited to assist Curve! As steadfast partners, we remain committed to providing support whenever needed. Our joint efforts will introduce an stUSDT pool on Curve, amplifying user benefits. Together, we aim to empower the community and forge a decentralized finance!”
https://twitter.com/justinsuntron/status/1686308662363697152
CoinList has announced the Chainflip Community Sale.
The sale begins on August 31, 2023 at 17:00 UTC and has one public option.
Price: $1.83
Initial purchase limits: $100 minimum, $4,000 maximum
Lockup & release: 100% unlock on TGE at mainnet launch, currently expected on or around 24 October 2023 (date is subject to change up to a maximum of 120 days after sale closes)
Supply: 4,500,000 FLIP tokens (ERC-20)
Registration Deadline: August 28, 2023 at 12:00 UTC
https://blog.coinlist.co/announcing-the-chainflip-community-sale-on-coinlist/
MultiversX and the "Lucian Blaga" University unveiled a new academic initiative.
As part of the collaboration between MultiversX and ULBS, the 2nd semester of the 3rd academic year will include a “Blockchain and FinTech Applications” course, focused on the MultiversX blockchain network and the decentralized applications within the ecosystem.
https://multiversx.com/blog/multiversx-university-undergrad-programme
Binance has announced the 36th and 37th projects on Binance Launchpool — Sei (SEI) and CyberConnect (CYBER).
SEI:
Users will be able to stake their BNB, TUSD and FDUSD into separate pools to farm SEI tokens over 30 days, with farming starting from 2023-08-02 00:00 UTC.
Binance will then list SEI at 2023-08-15 12:00 UTC and open trading with SEI/BTC, SEI/USDT and SEI/BNB trading pairs.
CYBER:
Users will be able to stake their BNB, TUSD and FDUSD into separate pools to farm CYBER tokens over 30 days, with farming starting from 2023-08-02 00:00 UTC.
Binance will then list CYBER at 2023-08-15 12:00 UTC and open trading with CYBER/BTC, CYBER/USDT and CYBER/BNB trading pairs.
https://www.binance.com/en/support/announcement/introducing-sei-sei-on-binance-launchpool-farm-sei-by-staking-bnb-tusd-and-fdusd-b1d3b4df9cb34f679783a4fdb891f643
https://www.binance.com/en/support/announcement/introducing-cyberconnect-cyber-on-binance-launchpool-farm-cyber-by-staking-bnb-tusd-and-fdusd-7d1f62e7483d406584a754a38094358a
Presidential candidate Ron DeSantis says "Biden's war on Bitcoin and crypto will end when I become president".
https://twitter.com/watcherguru/status/1686097555992559616
Both Coinbase and the SEC have denied a report that the regulatory agency asked the exchange to delist specific assets.
https://blockworks.co/news/coinbase-sec-deny-report
FTX has filed its plan of reorganisation.
Key points:
1. All non-customer claims (such as IRS) will be subordinated
2. FTT claims are zeroed
3. Offshore exchange restart to compensate customer shortfalls
The FTT price has increased by 11%.
https://twitter.com/aftxcreditor/status/1686203832097714176
Volatility Shares is looking to offer an ETF that would hold ether futures contracts.
https://blockworks.co/news/volatility-shares-eth-futures-etf
Digital Currency Group (DCG) said it's close to "reaching an agreement in principle to resolve the claims in the Genesis Capital Chapter 11 cases," according to a letter sent to shareholders Monday.
https://www.coindesk.com/markets/2023/07/31/dcg-says-it-sees-resolving-genesis-chapter-11-bankruptcy-soon/
CZ's talking points from the AMA on Twitter:
▫️Tether's audit reports are a black box as they are not enough.
▫️Binance is planning to list more stablecoins to mitigate risks, apart from the recent FDUSD.
▫️Currently, the Binance team is testing a new USD-pegged algorithmic stablecoin for listing.
https://twitter.com/binance/status/1685976178006351873
Tether reveals an increase in its excess reserves of about $850M, bringing its total excess reserves to approximately $3.3B at the end of Q2.
The amount of Treasuries backing Tether’s stablecoins is about $72.5B.
https://tether.to/en/tether-excess-reserves-increase-by-850m-to-reach-3-3b-as-leading-stablecoin-reveals-72-5b-overall-exposure-in-us-t-bills-and-unveils-energy-related-investments/
The BALD price fell to $0.16 in the moment.
https://dexscreener.com/base/0xe96df8f5ef1a8790415068c798765b07d57643bd
CZ congratulated Ethereum on its 8th anniversary and wrote about meeting Vitalik Buterin in 2015.
https://twitter.com/cz_binance/status/1685690844672557056
Base TVL started to grow rapidly, adding +6440% in 24 hours.
https://l2beat.com/scaling/projects/base