Meme coins, a $56B sector, overshadow serious innovations like DePINs and RWAs. Coins like $DOGE now lead to significant financial losses for newcomers, with celebrity tokens like @IggyAzalea’s MOTHER & Hulk Hogan’s HULK marred by scandals. #Update
ShardLab unveils a new app using NFTs, zero-knowledge proofs, and account abstraction for secure voucher distribution. Launched at Southeast Asia Blockchain Week 2024, it was successfully tested at ICONSIAM, integrating with retail systems at 60+ locations. #Blockchain #Update
Ethereum’s price surged 10.5% to $3,112 as investors anticipate the SEC’s approval of spot $ETH ETFs. Companies like @VanEck filing final documents drive the rise, yet direct Ether investment offers better long-term value due to lower fees. #Update
Bitcoin miner @Hut8Mining secures a 205MW power deal in West Texas, boosting capacity to 1.3GW. This milestone, backed by $150M from Coatue, aims to support Bitcoin mining and AI. #Bitcoin #Update
Hex Trust partners with Monad Labs to offer custody services for the Monad layer-1 blockchain. This makes Hex Trust the first custodian for Monad’s ecosystem, enhancing secure and efficient transaction processing. #Crypto #Update
Singapore court rules Multichain owes $2.18M to @FantomFDN for 2023 hack losses. The decision allows Fantom to recover assets lost in a July exploit. The case highlights the need for secure, decentralized control in crypto projects. #CryptoSecurity
SGX CEO Loh Boon Chye announced no plans for crypto listings, stressing the need for demand, governance, and a structured framework. Despite supporting $BTC and $ETH indexes, SGX remains cautious amid global crypto market growth. #CryptoNews #Update
MetaMask introduces a new Delegation Toolkit at EthCC to simplify Web3 onboarding. This toolkit eliminates traditional wallet interactions, making DApps more user-friendly and transactions instant. It supports all EVM chains and customizable permissions. #Update #Web3
Circle’s stablecoins, EURC and $USDC, saw trading volumes surge post-MiCA, with USDC hitting $23B weekly in 2024. Société Générale’s EURCV also increased. The rise reflects growing demand for regulated stablecoins. #CryptoRegulation
Solana-based meme coin $BONK surged 25% in 24 hours due to a major token burn and increased whale activity. BONK’s market cap hit $1.8B, surpassing rival $WIF. The meme coin market cap rose to $42.53B. #Update
U.S. Spot Bitcoin ETFs saw $295M inflows on July 8, driving a market rebound. Global crypto market cap surged 4.2% to $2.22T. $BTC and $ETH prices rose 3.5% and 5.5%. #Update
The @GOP adopts a crypto-friendly platform, emphasizing the right to Bitcoin mining and opposing CBDCs. Led by Michael Whatley and Lara Trump, this shift highlights Trump’s crypto advocacy, including NFTs and crypto donations. #CryptoNews
The U.S. House will vote on July 10 to overturn President Biden’s veto of a bill nullifying SEC’s SAB 121, which discourages banks from holding crypto. The vote needs a two-thirds majority. Outcome crucial for the crypto industry. #CryptoNews
Dubai Customs has unveiled a new blockchain platform enhancing trade transparency and efficiency, spearheaded by Sheikh Hamdan bin Mohammed. This initiative aligns with Dubai’s blockchain strategy, streamlining customs processes and boosting non-oil trade. #Blockchain #Update
