The U.S. House of Representatives failed to override President Biden’s veto of the bill to end SAB 121, with a vote of 228-184. This maintains the SEC’s crypto custody guidance for transparency in managing customers’ crypto assets. #CryptoRegulation
TapSwap, a Telegram-based crypto game, lets users earn $TAPS by tapping icons. Launched on Solana, it now runs on TON blockchain, boasting 60M players and 4M YouTube subs. Faced bot issues delaying coin launch. #Update #CryptoGaming
Iggy Azalea’s MOTHER memecoin surged 30% after partnering with DWF Labs. MOTHER, once valued at $150M, aims to be a payment method for cell plans. This deal could revive the fallen coin. #Crypto #Update
Covalent’s $QCT token fluctuated between $0.10 and $0.16 amid a proposal to transition to $CXT, backed by 37M votes. The move, supported by @OKX, @gate_io, and @cryptocom, aims to boost AI integration and liquidity. #Update
The SEC has concluded its probe into Paxos over its Binance USD (BUSD) stablecoin, declaring no enforcement actions. This decision clarifies that BUSD is not a security, potentially paving the way for clearer U.S. crypto regulations. #CryptoNews
Cryptocurrency exchange @BitMEX has pleaded guilty to violating the U.S. Bank Secrecy Act by failing to implement an adequate anti-money laundering program. Co-founders face legal actions, highlighting the need for strict compliance. #AML #Update
Pepe ($PEPE) price jumps 25% to $0.0000095 amid positive inflation data and Bitcoin’s surge above $59,000. Trading volumes average $1.16B, with whale activity hinting at confidence. Ethereum ETF speculation boosts meme coins. #Update #CryptoNews
MicroStrategy (@MicroStrategy) announces a 10-for-1 stock split to make shares more accessible. Shares rose 7.5% after the announcement. Trading on a split-adjusted basis begins August 8, 2024. The company remains the largest corporate holder of Bitcoin. #Update
Since 2019, $100B in crypto from illicit sources went to exchanges, with 30% to sanctioned services like Russia’s Garantex. In 2022, $30B of illicit funds, mostly in stablecoins, was recorded. Tether froze $1.5B in USDT. #Update #CryptoCrime
? Major DNS hack hits multiple DeFi protocols, including @CelerNetwork & @compoundfinance. Security experts warn 11 platforms, like Pendle Finance & THORChain, are at risk. Users advised to avoid DeFi dapps until threat is mitigated. #CryptoSecurity
Pyth Network launches Express Relay to tackle Miner Extractable Value (MEV) in DeFi. This innovative solution prioritizes transactions efficiently, reducing MEV’s negative impact and potentially saving users millions. #Update #DeFi @PythNetwork
Imagine earning money through everyday devices like smartphones. DePINs, with a market cap over $20B, promise this but face technical barriers. Simplifying tech is key for broad adoption, making web3 mining accessible. Potential market: $3.5T by 2028. #Update
Tether will halt USDT and EURT redemptions on Omni, Kusama, SLP, EOS, and Algorand by Sept 1, 2025, focusing on security and efficiency. Users should redeem holdings promptly. $USDT holds 69% market share. #Crypto
IOTA partners with Eviden to launch a Digital Product Passport for electric vehicle batteries, enhancing transparency and compliance with EU standards. The DLT-based solution aims to expand into manufacturing, fashion, and food. #Sustainability #Update
