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? Breaking: The Terraform Labs Chapter 11 case sees major developments. A court order allows reopening the Shuttle Bridge and burning 150M $LUNA, improving security and value. LUNA price up 0.29% at $0.4378. This marks a crucial step in Terra Classic’s recovery. #CryptoNews
? The Hong Kong Stock Exchange ($SEHK) will debut Asia’s first Bitcoin inverse product on July 23, aligning with the U.S. launch of the Spot Ethereum ETF. Managed by CSOP, it offers a regulated way to hedge or profit from BTC price declines. Key features: 2.00% annual charge, -0.05% tracking difference.
#Bitcoin #CryptoNews
RhoMarketsHQ on Scroll’s Ethereum Layer 2 suffered a $7.6M breach due to an oracle misconfiguration, affecting USDC and USDT pools. Operations were paused for investigation. The attacker offered to return funds if the issue was acknowledged as a system flaw. #DeFi #Update
WazirX is working with 500+ exchanges to recover $230M lost in a hack. The breach, involving a multisig wallet, was reported to the FIU and CERT-In. WazirX is blocking hacker addresses and collaborating with experts to boost security. #CryptoSecurity
Bitcoin ($BTC) shows resilience, trading between $61K and $71K despite a $3.5B sell-off by the German government. Institutional interest in $100K call options by year-end signals strong confidence. QCP Capital recommends a PPRA strategy with a 27% annual coupon if BTC stays in this range by Oct 2024. #Update
XRP sees major whale activity amid price swings. Whales accumulated 47M tokens ($25.86M) from Upbit and Binance, hinting at a market reversal. Meanwhile, other whales sold 75M tokens. XRP trades at $0.5494, down 4.90%. SEC meeting cancelation fuels Ripple case speculation. #CryptoNews
Polygon Labs’ CISO Mudit Gupta confirms the company’s use of CrowdStrike but states their systems were unaffected by the July 19 global IT outage. The incident, impacting millions of Windows users, highlights the resilience of decentralized systems like Polygon networks. #Blockchain #Update
Charles Hoskinson criticized Trump’s RNC speech as lacking unity, contrasting it with Reagan’s speeches. In contrast, Elon Musk and Robert Kiyosaki praised Trump’s focus on economic and military strength. These differing views highlight the national debate on leadership and vision ahead of the 2024 election. #LeadershipDebate
Major banks and airlines faced disruptions due to a Microsoft IT outage. Meanwhile, crypto markets, including $BTC and $ETH, remained stable. This highlights the robustness of decentralized platforms amid centralized tech issues, boosting confidence in the reliability of blockchain technology. #Update
Former President Trump endorses Bitcoin, marking a pivotal moment for politics. Key figures predict bipartisan support will make $BTC central to future U.S. elections. Rumors suggest Trump may announce Bitcoin as a “strategic reserve asset,” enhancing U.S. economic resilience. #Bitcoin
Crypto traders are on alert as $2B in $BTC, $ETH, $SOL, $XRP, and $MATIC options expire on Deribit amid slight selling pressure. The Fear and Greed Index jumped from 25 to 60, indicating high market volatility. #Update
#CryptoNews
Grayscale announces a full fee waiver for its $ETH ETF Mini-Trust up to $2B in inflows or six months, cutting fees to 0.15%, the lowest among competitors. Ethereum trades at $3,400 with bullish sentiment. #CryptoNews
? The WazirX hacker converted all stolen altcoins into $ETH, amassing 59,097 ETH worth $201M. This move comes just before the Ethereum ETF launch, which could push ETH to $4,000. The hacker still holds $12-$15M in other altcoins like CHR, CELR, OOKI, and FRONT. #CryptoNews
Donald Trump will attend the Bitcoin 2024 conference in Nashville this July. Attendees can join a private roundtable for $844,600 or take a photo with Trump for $60,000. This marks a shift in Trump’s stance on cryptocurrencies, aligning with VP pick J.D. Vance’s crypto-friendly policies. #Bitcoin2024
