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ECB plans two more rate cuts due to euro zone weakness, says policymaker Yannis Stournaras. Speculation rises on whether the U.S. Federal Reserve will follow. Recent job data and inflation trends keep Fed’s next move uncertain. #Update
? New web3 startup Icebreaker, founded by ex-Coinbase & Google employees, secures $5M to create an open-source LinkedIn rival. Led by CoinFund, the platform aims to streamline professional networking across LinkedIn, Twitter & email. #Web3 #Update
VanEck pushes forward with a $SOL ETF, potentially outpacing BlackRock’s hesitant approach. Matthew Sigel believes the US market is ripe for diverse crypto ETFs, driven by recent SEC amendments. Regulatory developments remain key. #Update
Donald Trump launches Bitcoin-themed sneakers for his 2024 campaign, signaling a shift to a pro-crypto stance. Limited-edition pairs priced at $500 and $299. Trump pledges a national Bitcoin reserve. Endorsed by @elonmusk. #Update #Bitcoin
Ethereum Foundation’s ETH selling spree: 150 ETH dump for 497,250 DAI. July 26 saw 92,500 ETH ($294.9M) moved after 6 years. Despite this, $ETH remains at $3,300, but analysts eye $3,500 for bullish trend. #Update #CryptoNews
.@JDCom to launch JD Stablecoin, pegged 1:1 to the Hong Kong dollar. Backed by liquid assets in licensed financial institutions, this move highlights Hong Kong’s ambitions as a financial innovation hub. #Stablecoin #Finance
The Bahamas enacts the DARE Act 2024, replacing the 2020 version, enhancing investor protection and promoting responsible innovation post-FTX collapse. New rules include stricter exchange requirements and a pioneering staking framework. #CryptoRegulation
? LI FI suffers $9.7M breach in stablecoins $USDC and $USDT. Hacker converting assets to $ETH. Users advised to revoke Infinite Approvals. Sharpe Bridge and Sharpe Refuel temporarily shut down amid investigations. #DeFiSecurity #Update
Elixir Network launches decentralized stablecoin deUSD, backed by $1B liquidity. Minted using stETH and sDAI, deUSD is set to enhance liquidity and TVL across DEXs. It operates with on-chain, non-custodial liquidity. #DeFi #Update
Several altcoins face significant token unlocks this August, injecting over $580M into the market, per @TokenUnlocks. Major releases include $IMX (32.47M), $APT (11.31M), $SAND (205.59M), and $AVAX (9.54M). #Crypto #Update
Spot Ethereum ETFs saw $77M in outflows as the Fed paused rate hikes, led by Grayscale’s $133.3M loss. Despite inflows for BlackRock’s ETHA ($5M) and Franklin Templeton’s FETH ($18.8M), net outflows hit $483.6M in seven days. #Update
WSPN partners with Canza Finance to launch the WUSD stablecoin in Africa, enhancing financial inclusion with blockchain-based services. The WUSD, pegged to the USD, ensures stable transactions and fights currency devaluation. #Update #CryptoNews #DeFi
South Korea mandates new supervisory fees on crypto exchanges like @UpbitGlobal, @BithumbOfficial, and Coinone under the Virtual Asset User Protection Act. Larger exchanges will pay up to $199,592, while smaller ones face potential struggles. #CryptoRegulation
DeFi sees a 72.8% surge in TVL to $94.1B in six months, driven by market upticks, institutional inflows post-spot Bitcoin ETF approval, and Layer 2 growth. Bitcoin hit an ATH above $73K, now at $67,235. #DeFi #Update
