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Britain's data regulator will examine Worldcoin, a project by OpenAI CEO Sam Altman where users provide their iris scans in exchange for a digital identification and free cryptocurrency.
https://www.reuters.com/technology/uk-data-watchdog-make-enquiries-worldcoin-crypto-project-2023-07-25/
Binance intends to ask a court to dismiss the U.S. Commodity Futures Trading Commission’s (CFTC) suit against it.
The CFTC sued Binance, its founder Changpeng Zhao and compliance officer Samuel Lim in a U.S. court in Illinois in March, alleging that the exchange operated a derivatives trading operation in the U.S.
https://www.coindesk.com/policy/2023/07/25/binance-says-it-intends-to-file-motion-to-dismiss-cftc-complaint/
Worldcoin has launched a freemint of a commemorative NFT on Zora.
https://twitter.com/worldcoin/status/1683509115417419776
Galxe, the platform for building Web3 communities with over 11 million users, has officially integrated Injective to further accelerate ecosystem growth.
https://blog.injective.com/galxe-integrates-injective-to-catapult-community-and-user-engagement/
Bitcoin (BTC) falls 2% to $29,200 in the moment.
https://dropstab.com/coins/bitcoin
The Worldcoin project is now live.
Binance will list Worldcoin (WLD) and tentatively set to open trading for these spot trading pairs at 2023-07-24 09:00 UTC.
https://www.binance.com/en/support/announcement/9bc08522433c44b1b0b9978d65c4f5e5
UNIBOT raised $665k in commissions and reached 1,500 users.
https://defillama.com/fees
Ripple's attorney, John Deaton stated that the SEC's appeal of the XRP case will not be a problem as it will take 2 years to rule on it, and the current ruling will be in effect for all that time.
https://twitter.com/JohnEDeaton1/status/1682863291947974659
Coinlist coins: OGN +55%, NEON +32%, CLV +18%, BLD +16%.
https://dropstab.com/categories/coinlist-launchpad
💧Top blockchains By Total Fees Generated
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Alphapo hot wallets were drained for $23M+ on ETH, TRON, BTC.
HypeDrop (Alphapo customer) has since had withdrawals disabled.
https://twitter.com/zachxbt/status/1682941291825627137
Parrot Protocol team takes their $72m remaining in ICO funds and attempts to split it $12m to the token holders, $60m to the team.
https://twitter.com/spreekaway/status/1682390046824091648?s=20
SEC lawyers preview likely Ripple appeal in case against Do Kwon.
https://www.theblock.co/post/241027/sec-lawyers-preview-likely-ripple-appeal-in-case-against-do-kwon
U.S. may allow IDO/ICO participation at 10% of annual income.
https://twitter.com/eleanorterrett/status/1682409228323942400
US prosecutors accused FTX co-founder Samuel Bankman-Fried of providing the press with the writings of his ex-girlfriend to discredit her as a potential witness at his criminal fraud trial.
The writings were penned by Alameda Research LLC former Chief Executive Officer Caroline Ellison, who pleaded guilty last year to fraud charges in the collapse of the cryptocurrency exchange and agreed to cooperate with prosecutors in their case against Bankman-Fried.
https://www.bloomberg.com/news/articles/2023-07-21/bankman-fried-leaked-ex-s-writings-to-discredit-her-us-alleges
Crypto Market Daily Review ☀️
The market is down. Market cap is $1.18T. Bitcoin is trading at $29.1K
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ZachXBT about Worldcoin: “Most alarming to me is how the WorldCoin team has boasted about how many users they have.
When in reality they have been exploiting people in developing countries.”
https://twitter.com/zachxbt/status/1683512389105229825
Linea: “ Linea's Mainnet Alpha launch has been incredible! Over $20m bridged and 670k transactions in under a week, thanks to our amazing community's support.
As a result of the excitement, Ethereum withdrawal times have temporarily increased.
The team is working hard to speed up transactions of bridged assets from L2 to L1.
Withdrawal times should gradually reduce till we hit the target of 8 - 32 hours over the next few days.
Rest assured, all pending transactions will be processed.”
https://twitter.com/lineabuild/status/1683478197919162370
Vitalik Buterin highlighted the main risks in the Worldcoin biometric proof-of-personhood system.
There are four major risks:
▫️Privacy
▫️Accessibility
▫️Centralization
▫️Security
An approach that combines social-graphic and biometric technologies can mitigate these risks.
Proof-of-Personhood (PoP) is a system designed for decentralized authentication of a user's uniqueness without relying on a central authority or disclosing personal information.
https://vitalik.eth.limo/general/2023/07/24/biometric.html
Binance has listed Worldcoin.
WLD is now trading at $3.3.
https://www.binance.com/en/trade/WLD_USDT
Crypto Market Daily Review ☀️
The market is neutral. Market cap is $1.20T. Bitcoin is trading at $29.7K
dropstab | icodrops | twitter | telegram
Worldcoin will make an announcement for today, rumours suggest it could be the launch of a token.
https://twitter.com/worldcoin/status/1683144994209628160
A BTC whale that has been dormant for 11 years transferred all 1,037.42 BTC ($37.8M) to a new address"bc1qtl".
The whale received 1,037.42 BTC ($5,107 at that time) on Apr 11, 2012, when the price was $4.92.
https://twitter.com/lookonchain/status/1682577125520601089
Eight projects (GT, RON, FLOW, AXL, EDU, WOO, ILV, SFP) are set to unlock tokens worth over $79 million this week.
https://dropstab.com/insights/vesting
Terraform Labs CEO stated that 9 projects may be released in the near future, new tokens will not be launched.
https://cointelegraph.com/news/terra-ceo-progress-derailed-accusations
CoinList's Twitter has been hacked.
https://twitter.com/CoinList
Bankrupt crypto lender Celsius Network reached settlements that could clear the path to obtain court approval to return customer assets by year-end.
The agreements would resolve customer claims over fraud allegations by raising recoveries 5%, a total of 30,000 claims seeking $78 billion could be settled.
Celsius will see court approval for the settlements on Aug. 10 at a hearing, according to the report.
https://www.theblock.co/post/241028/celsius-network-reaches-settlements-wsj
LayerZero is live on Linea mainnet.
https://twitter.com/layerzero_labs/status/1682464433229144065
MetaMask plans to launch its Snaps protocol before the end of 2023, allowing wallet users to access new applications and execute cross-chain protocol interactions.
https://thedefiant.io/dexs-account-for-just-5-of-global-stablecoin-trading-kaiko
💧Current state of the market in our weekly overview
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