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Michael Egorov, the founder of Curve (CRV), sold another 34 million CRV ($19.72M, at press time) on the night of Thursday, August 3, as the token prices dropped 20% in the last seven days.
The executive has sold a total of 106 million CRV for $42.41 million, since the “Reentrancy Hack” that affected Curve, and currently has $65.34 million in debt, according to Lookonchain data.
More info: https://tinyurl.com/3f3x69x3
Initially tagged as a meme coin, Shiba Inu has been reinventing itself, aiming to break away from its meme coin status and step into the league of serious Decentralized Finance (DeFi) contenders, according to a new report.
A key step towards this transformation involves an innovation that is about to reshape the Shiba Inu ecosystem: Digital Identity Verification.
More info: https://tinyurl.com/87ktr2nd
Binance, the world’s largest cryptocurrency exchange, has reached 150 million registered users on its platform. This new milestone comes as fresh air, especially as the exchange has faced global regulatory scrutiny in the past few months.
More info: https://tinyurl.com/36du37h4
Coinbase is planning to file an order in court on Friday to dismiss the Securities and Exchange Commission’s lawsuit against it "in its entirety" after the agency accused the exchange of violating securities laws earlier this summer.
Coinbase has “full confidence” in its arguments made to the court, Paul Grewal, chief legal officer at Coinbase, in an earnings call on Thursday.
More info: https://tinyurl.com/5b2cwp8j
MetaMask, the leading web3 wallet, has launched a new feature in its Portfolio app, allowing users to easily stake Ether and Polygon’s MATIC token to secure their respective networks and earn rewards.
More info: https://tinyurl.com/4v4d6hwz
Leading European digital asset exchange Bitstamp, the first exchange to delist XRP following the Ripple lawsuit in December 2020, is now preparing to make a significant announcement regarding the cryptocurrency.
The controversial ruling has led to XRP being relisted on several other exchanges, including Bitstamp, Coinbase and Kraken.
More info: https://tinyurl.com/anw5hcta
MemPool Space data on August 2 shows that roughly 48% of all Bitcoin Lightning Network (LN) Nodes are hosted by major centralized cloud service providers, namely Amazon Web Service (AWS) and Google Cloud. Specifically, approximately 29% of Bitcoin Lightning Network nodes are deployed on AWS, while 19% are hosted on Google Cloud.
More info: https://tinyurl.com/yv4n49f5
Google Cloud is now running a validator on Celo Network, an Ethereum virtual machine-compatible, layer-1 blockchain designed to bring a mobile-first experience to Web3 users.
More info: https://tinyurl.com/2swzdbhc
KuCoin has announced that it will halt its mining pool starting August 15, 2023. The crypto exchange will temporarily suspend pools that support Bitcoin and Litecoin mining.
The exchange clarified that users would retain access to their crypto assets throughout the suspension period.
More info: https://tinyurl.com/4ud7pdju
The broader crypto community recently accused Cardano of being a ‘ghost chain,’ stirring frustration and concern among ADA holders.
However, in a show of solidarity, the Cardano community, led by founder Charles Hoskinson, banded together to debunk these unfounded claims. With determination and an arsenal of evidence, they put an end to the haunting speculations, highlighting Cardano’s strength and contributions to the blockchain space.
More info: https://tinyurl.com/2p8xy8te
Framework Ventures announced last year it would invest about $200 million in crypto gaming.
“Most of the crypto games that are live today are not games that people would put hours into without a financial incentive,” Anderson told The Block. "That's a major problem if the space wants to onboard new users."
More info: https://tinyurl.com/bdctckce
Blockchain's third halving in its 12-year history is expected Wednesday and reduces the current 12.5 litecoin (LTC) subsidy to 6.25 LTC.
More info: https://tinyurl.com/yr5by2bb
A former official at the U.S. Securities and Exchange Commission (SEC) John Reed Stark has cautioned that the legal predicament for Ripple Labs is about to get worse after a recent high-stakes court decision.
More info: https://tinyurl.com/ysvhmxkn
FTX’s bankruptcy administrators submitted a reorganization plan on 31 July that proposes to categorize its creditors into different classes of claimants. The proposal also includes a pathway for one class of claimants to restart the exchange with third-party investors. The rebooted exchange would be available only to offshore customers.
More info: https://tinyurl.com/4h3emj7s
Stablecoin issuer Tether’s (USDT) second-quarter attestation revealed a significant increase in its Bitcoin (BTC) reserves by more than $170 million, raising the total to $1.67 billion from the $1.5 billion posted during the first quarter.
More info: https://tinyurl.com/2fyrwxn7
Digital assets manager CoinShares says institutional investors are becoming more optimistic on altcoins despite Bitcoin (BTC) and the overall markets suffering outflows for the second week in a row.
Over 90% of outflows came from Bitcoin while short-BTC products suffered their 14th week of outflows in a row.
More info: https://tinyurl.com/335d42f8
Presidential candidate and Florida Governor Ron DeSantis (R-Fla.) called out the Biden Administration for its “war” on bitcoin (BTC) and cryptocurrencies and vowed to end it should he become President.
“Biden's war on bitcoin and cryptocurrency will come to an end when I am president,” he said at a Monday campaign event in New Hampshire.
More info: https://tinyurl.com/4624hhej