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Following the mass transfers, some $121M in assets comprising wBTC, USDC, and USDT, as well as a basket of altcoins formerly held on Multichain’s Fantom bridge, now reside among numerous separate wallet addresses.
More info: https://tinyurl.com/2p8xafky
Crypto exchange Kraken co-founder Jesse Powell is being investigated by Federal law enforcement on claims that he hacked and cyberstalked a non-profit that he founded, a lawyer for Powell confirmed after a report by The New York Times on Thursday.
More info: https://tinyurl.com/mr2ywbny
The number of attacks in crypto and DeFi increased during Q2, compared to the same period last year, yet the total amount of funds stolen was smaller.
Immunefi said the total number of attacks spiked 65.3% year-over-year from 49 to 81 incidents in Q2, and 11% quarter-over-quarter, total losses decreased by 60.4% compared to the same period in 2022.
More info: https://tinyurl.com/2k94w8js
Shytoshi Kusama, the lead developer behind Shiba Inu, has provided a glimpse into the highly anticipated launch of Shibarium, a layer-2 protocol within the Shiba Inu ecosystem, sparking excitement and speculation among the community.
Austin Hilton, CEO of Redhill Group and a member of the Shiba Inu community predicted on July 3 that Shibarium would likely launch in mid-August.
More info: https://tinyurl.com/22xerc6j
Coca-Cola in Serbia and Solana NFT platform SolSea are working together on a non-fungible token offering at a music event.
According to a July 5 blog, festival-goers can use a tool called “Magic Mirror,” which places random merchandise on the users in a 3D image, which they can see in real-time. Users can then get a picture of this by scanning a QR code.
More info: https://tinyurl.com/5a3t29ay
Larry Fink, the CEO of BlackRock, has delivered pro-crypto remarks amid the asset manager applying to list a spot Bitcoin exchange-traded fund (ETF) in the United States.
“Let’s be clear: Bitcoin is an international asset,” said Fink. “It’s not based on any one currency, and so it can represent an asset that people can play as an alternative.”
More info: https://tinyurl.com/2hhuxe43
The U.S. Securities and Exchange Commission (SEC) will reportedly hold a meeting with applicants of spot Bitcoin exchange-traded funds (ETFs) next week, according to a securities attorney who claims to have inside information.
More info: https://tinyurl.com/3c8js77e
RAK Digital Assets Oasis (RAK DAO), a free zone in the United Arab Emirates (UAE) dedicated to crypto companies, has signed a memorandum of understanding (MOU) with the HBAR Foundation to support its ecosystem members through a grant program and by providing assistance in leveraging the Hedera blockchain.
More info: https://tinyurl.com/4f43jc27
XRP holders' attorney John Deaton presented another key fact: in early 2021, SEC Chair Gary Gensler, while testifying at his confirmation hearing, agreed that a "regulatory gap" exists and that there is no existing regulatory framework for crypto companies as they fall outside of the CFTC and SEC frameworks.
More info: https://tinyurl.com/yc73msmu
According to the official update the network fee for delivering an encrypted message via TON is around 0.006 Toncoin (TON) per transaction. The low price is expected to make the service accessible all across the chain’s increasing user base.
More info: https://tinyurl.com/5a5hn6am
A consortium of leading cryptocurrency exchanges in South Korea has introduced a system designed to notify users about price volatility and fluctuations in cryptocurrency prices.
This initiative aims to provide users with timely information and alerts regarding the dynamic nature of cryptocurrency markets, helping them make informed decisions and manage their investments effectively.
More info: https://tinyurl.com/2a5u539t
The United Kingdom’s Financial Conduct Authority (FCA) said the new financial promotions regime would apply to crypto assets starting October 8.
the financial regulator outlined several legal routes for firms to promote crypto assets to U.K. consumers.
These legal routes include communication by an authorized person, communication by an unauthorized person but approved by an authorized person, or communication by a firm registered under the FCA Money Laundering Regulations (MLRs).
More info: https://tinyurl.com/5n7aranc
The Fear and Greed Index is designed to assess the emotions and sentiment driving the market by analyzing factors like volatility, market momentum, social media trends and the dominance of Bitcoin. The index scales from 0 to 100, where a reading of 0 represents "Extreme Fear," while 100 signals "Extreme Greed."
More info: https://coinmarketcap.com/
Dexerto revealed in a tweet that global pop superstar Justin Bieber’s $1.3 million investment in BAYC NFT had depreciated to $59,000; meaning he has lost about $1.2 million.
More info: https://tinyurl.com/mt3seaek
The four largest banks in the US now have a total of $205 billion in unrealized losses on their balance sheets, according to a new report.
Bank of America, Wells Fargo, JPMorgan Chase and Citigroup have compiled the losses due to bad bets in the bond market, reports the Financial Times, citing fresh data from the Federal Deposit Insurance Corporation (FDIC).
More info: https://tinyurl.com/k5rzzmf8
According to a new report by the Wall Street Journal, Chinese leaders named central bank deputy governor Pan Gongsheng as the People’s Bank of China (PBOC) party secretary, the top Communist Party post.
Pan is also in charge of the Leading Group of Internet Financial Risks Remediation, a group that is “clamping down on the use of cryptocurrency and regulating financial-technology companies in China.”
More info: https://tinyurl.com/2rrxmy7n
The U.S. Securities and Exchange Commission’s (SEC) stance on spot bitcoin (BTC) exchange-traded-funds (ETF) is a difficult one to hold, and the probability for approval is fairly high, brokerage firm Bernstein said in a research report Monday.
More info: https://tinyurl.com/3pa4p4sa
An unknown attacker managed to swap out over $10 million worth of ether in gains following a security attack on Poly Network this Sunday, according to latest data aggregated by security firm Beosin.
More info: https://tinyurl.com/hcntjrt3