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Offchain Labs launches Bounded Liquidity Delay (BOlD), a permissionless validation for Arbitrum chains.
https://offchain.medium.com/bold-permissionless-validation-for-arbitrum-chains-9934eb5328cc
Curve offered hackers 10% bounty in exchange for return of crypto.
https://www.coindesk.com/business/2023/08/03/curve-offers-hackers-10-bounty-in-exchange-for-return-of-crypto/
OpenSea now supports the Base network.
https://twitter.com/opensea/status/1687203377552453632
Tether acquired 1,529 bitcoin in the second quarter of 2023.
Paolo Ardoino, the company’s CTO, confirmed the purchase to Bitcoin Magazine. According to the executive, Tether paid roughly $45.4 million to add the BTC to its balance sheet.
https://www.nasdaq.com/articles/exclusive-tether-purchased-1529-bitcoin-in-q2-cto-confirms
AI investment could reach $200B globally by 2025: Goldman Sachs.
https://www.coindesk.com/business/2023/08/03/ai-investment-could-reach-200b-globally-by-2025-goldman-sachs/
Crypto Market Daily Review ☀️
The market is down. Market cap is $1.17T. Bitcoin is trading at $29K
dropstab | icodrops | twitter | telegram
Australia’s financial regulator has sued eToro over its contract for difference (CFD) product, alleging the trading platform used insufficient screening tests when offering the leveraged derivative contracts to retail investors.
https://cointelegraph.com/news/asic-sues-etoro-over-cfd-futures-trading-products
Egorov sold ~72 million CRV in exchange for $28.8 million to 15 investors at a price of $0.4.
https://twitter.com/EmberCN/status/1686928900167966720
Exchange-traded fund (ETF) issuer Direxion filed for a Bitcoin and Ether futures product.
According to a filling with the U.S. Securities and Exchange Commission (SEC), the Direxion Bitcoin Ether Strategy ETF would invest in bitcoin and ether futures contracts. The product may also invest in other ETFs with exposure to futures products.
https://www.coindesk.com/policy/2023/08/02/tradfi-giant-direxion-joins-crypto-etf-race-by-filing-for-combined-bitcoin-and-ether-futures-fund/
Litecoin has successfully halved its block reward.
https://twitter.com/litecoin/status/1686755968489861120
ZachXBT claims Michael Razoumovitch (@MichaelRazum) is involved in the Curve exploit .
https://twitter.com/zachxbt/status/1686530443472982016
WSJ FUD: Binance was supposed to leave China when the country made crypto trading illegal. Almost two years later, users traded $90 billion of cryptocurrency-related assets there in a single month.
https://twitter.com/WSJ/status/1686575117722144769
Base TVL fell to 8.47 million.
https://defillama.com/chain/Base
Collapsed crypto hedge fund Three Arrows Capital’s co-founder Kyle Davies said he renounced his American citizenship and therefore does not need to answer to the U.S. courts.
In Tuesday court documents, Davies said that he successfully became a permanent resident of Singapore in 2017.
As Singapore doesn’t allow dual citizenships, Davies renounced his American one when he got married, the documents read.
https://decrypt.co/150890/three-arrows-capital-co-founder-kyle-davies-rejects-us-court-jurisdiction
Following Volatility Shares, 5 more companies (Bitwise, Roundhill, VanEck, Proshares and Grayscale) have filed for Ethereum futures ETFs
https://twitter.com/EricBalchunas/status/1686510111123030016
Coinbase plans Friday filing to seek dismissal of SEC's case "in its entirety".
https://www.theblock.co/post/243128/coinbase-plans-friday-filing-to-seek-dismissal-of-secs-case-in-its-entirety
Ethereum scaling firm Polygon said in a tweet on Thursday that Matter Labs, the firm behind the zkSync rollup, copied part of Polygon’s open-source code without providing attribution.
Matter Labs denied the allegations in a statement to CoinDesk, arguing that the code was "prominently attributed" in a line atop one of the files in question.
https://www.coindesk.com/tech/2023/08/03/polygon-claims-matter-labs-copied-its-code-without-attribution/
A New York man Ilya Lichtenstein admitted being the original hacker of bitcoin in the 2016 hack on Bitfinex he pleaded guilty in federal court to a conspiracy to launder the stolen cryptocurrency, which ended up being worth $4.5 billion.
https://www.cnbc.com/2023/08/03/new-york-man-admits-being-original-bitfinex-hacker-during-guilty-plea-in-dc-to-bitcoin-money-laundering.html
Coinbase announced that Base, its layer-2 blockchain built with Optimism's OP Stack, will open to the public on Aug. 9.
https://www.coindesk.com/tech/2023/08/03/coinbase-sets-public-launch-of-base-layer-2-blockchain-for-next-week/
Huobi co-founder Jun Du purchased 10 million curve tokens (CRV) for $4 million from Curve founder Michael Egorov.
https://www.theblock.co/post/242925/huobi-co-founder-jun-du-buys-10-million-crv-from-michael-egorov
Bankrupt crypto lender Genesis has extended its mediation with creditors for the last time to Aug. 16.
https://www.bloomberg.com/news/articles/2023-08-02/genesis-says-mediation-will-end-soon-regardless-of-deal-status
Nifty's ceases operations due to lack of funding.
https://twitter.com/Niftys/status/1686904831611465729
CZ denies FUD on intention to shut down Binance.US earlier this year.
CZ: “The quality of research, validation, or even logical thinking in this "news" is appalling.
If it is a board vote, 1 vote holding out of 3 won't stop anything. The 2/3 wins.
If it is a shareholder vote, Brian S. is a CEO, not a VC or any other type investor.
It's just FUD. 4.”
https://twitter.com/cz_binance/status/1686843489961553921
U.S. Department of Justice officials are considering fraud charges against crypto exchange Binance.
Federal prosecutors worry that if they indict Binance, it could cause a run on the exchange similar to the one that befell now bankrupt platform FTX, causing consumers to lose their money and potentially spurring a panic in the crypto markets.
https://www.semafor.com/article/08/02/2023/us-prosecutors-worry-binance-charges-could-cause-run-on-exchange
Worldcoin says will allow companies, governments to use its ID system.
https://www.reuters.com/technology/worldcoin-says-will-allow-companies-governments-use-its-id-system-2023-08-02/
Kenya's interior ministry said on Wednesday that it had suspended the local activities of cryptocurrency project Worldcoin while government agencies assess potential risks to public safety.
https://www.reuters.com/world/africa/kenyan-government-suspends-activities-worldcoin-country-2023-08-02/
Crypto Market Daily Review ☀️
The market is growing. Market cap is $1.19. Bitcoin is trading at $29.5K
dropstab | icodrops | twitter | telegram
SushiSwap launched DEX on the Base network amidst events with BALD.
https://twitter.com/SushiSwap/status/1686487763741192197
MicroStrategy plans to raise $750m by selling shares.
https://www.sec.gov/Archives/edgar/data/1050446/000119312523200621/d533407d424b5.htm
Binance founder and CEO Changpeng Zhao attempted to shut down the crypto exchange’s U.S. offshoot earlier this year in order to protect the much larger global exchange amid mounting regulatory scrutiny.
The Binance.US board of directors, for which Zhao serves as chair, held a vote on whether to liquidate the company, which had landed a $4.5 billion valuation from investors last year, but failed to achieve the unanimous support the decision required.
Binance.US CEO Brian Shroder was the lone holdout and opposed the decision because he worried a sudden shutdown could hurt the U.S. exchange’s customers by forcing them to move or liquidate crypto quickly.
https://www.theinformation.com/articles/binance-ceo-changpeng-zhao-pushed-to-shutter-u-s-exchange