Binance gains US court approval to invest customer fiat funds in US Treasury Bills, enhancing investment security amidst ongoing SEC case. This move, approved by Judge Amy Berman Jackson, allows Binance to hire third-party advisors for corporate assets. #Update
Ryan Selkis steps down as @MessariCrypto CEO amid Twitter storm over controversial Trump tweets. Eric Turner steps up as interim CEO. Selkis to focus on crypto policy and systemic issues. #CryptoNews
KK Miner’s cloud mining contracts attract $30B from 5.7M investors, offering up to $840 daily in Bitcoin as BTC surges past $65K. The company impacts 3.5% of the global hash rate. #Bitcoin #Update
Blockchain sleuth ZachXBT reveals attacker behind Scroll-supported Rho Markets incident is willing to return $7.6M, citing a configuration error, not a hack. Rho Markets pauses for investigation. #DeFi #Update
Robinhood (@RobinhoodApp) must pay $9M for sending unwanted texts via its referral program, violating consumer laws. The settlement aids 827K+ consumers and includes $2.2M in legal fees. Despite this, Robinhood eyes crypto futures expansion. #Update
$SOL surged 32% this month, hitting $163.8, its highest since June. Robust on-chain data and a rise in unique active wallets drove growth. Solana outperformed Ethereum in DEX volume, handling $13.2B in 7 days. #CryptoNews
Copper collaborates with @dfinity to let institutions manage and stake ckBTC, ckETH, ckUSDC, and ICP assets securely. The partnership integrates SNS and ICRC token standards, boosting Web3 and DeFi ecosystems. #Update
Bitcoin remains below $65K as @realDonaldTrump skips mentioning crypto in his RNC speech, despite $180K in bets on Polymarket. Historical data shows presidents have minimal impact on long-term crypto growth. #Bitcoin #Update
Analysts at @BinanceResearch report optimism for the crypto market, expecting catalysts to boost performance this year. Key factors include spot $ETH ETFs launching July 23 and Bitcoin halving. Bitcoin is now at $64,367, up from June lows. #CryptoUpdate
In 2023, Initial DEX Offerings (IDOs) surged, raising $10.7B in funds via decentralized exchanges like @Enjinstarter. IDOs democratize investing but face legal challenges as the US SEC views tokens as securities. Key platforms: Oxbull, Fjord Foundry, Polkastarter. #Update
FATTY, a crypto project on Arbitrum, raised $2M in days. Launched by @CleevioX and backed by VCs, FATTY offers a play-to-earn game, trading bot, and meme platform. Tokens are $0.019, aiming for $0.030. #Update #CryptoNews
Indian crypto exchange @WazirX hacked on July 18; $200M in assets stolen, including 15,298 $ETH, $102M in $SHIB, and $11.25M in $MATIC. Hacker’s wallet now holds 59,097 $ETH. WazirX halts withdrawals, suspects North Korea’s Lazarus group. #CryptoSecurity
Bybit reports a 17.8% increase in USDT holdings, a 400% surge in USDC deposits, and a decrease in DAI by 33%. Meanwhile, $BTC and $ETH show modest gains of 5.62% and 0.46%. #Update #CryptoNews
Hong Kong’s ZA Bank now offers reserve banking services to stablecoin issuers under HKMA’s stablecoin sandbox. This includes notable participants like JD.com’s JINGDONG Coinlink and a consortium with Standard Chartered and Animoca Brands. #Update #Stablecoins
