? The Central Bank of Azerbaijan will not issue a central bank digital currency (CBDC) due to concerns over monetary policy and financial stability, says Governor Taleh Kazimov. Azerbaijan is closely observing global CBDC developments first. #Update #FinancialStability
The SEC revised its lawsuit against @Binance, removing the need to classify certain tokens as securities. This shift may alter digital asset regulations. The SEC’s stance and upcoming elections could impact future crypto laws. #CryptoRegulation
South Korea will impose a $220,000 supervisory fee on domestic crypto exchanges, including @Official_Upbit and @BithumbOfficial, starting next year under the “Virtual Asset User Protection Act.” Exchanges must keep 80% of users’ assets in cold storage. #CryptoRegulation
Despite Chainlink ($LINK) leading in oracles, Pyth Network ($PYTH) could grow 400% by 2025. PYTH’s market cap is $1.28B with 551 price feeds across 70 blockchains, while Chainlink has 132 feeds on 19 blockchains. #Update
Azerbaijan is monitoring CBDCs but has no plans to issue one, prioritizing monetary policy and financial stability, says Central Bank Governor Taleh Kazimov. Most central bank initiatives remain in pilot phases. China leads with its digital yuan.
In July 2024, crypto attacks hit $266M, up 51% from June. WazirX lost $230M, Compound Finance $24M, and LI.FI $9.73M, underscoring the urgent need for better security in decentralized protocols.
Telegram unveils an in-app browser for 950M users, enabling decentralized web navigation on TON. The new mini-app store centralizes 500M monthly users and introduces new payment features, boosting popular apps like Hamster Kombat and Catizen.
Aptos Foundation and OKX Ventures launch a $10M fund, Ankaa, to support blockchain projects in infrastructure, DeFi, gaming, social platforms, and AI. APT token dips 4% to $6.33 amid the unlock of 11.3M tokens.
The BIS and Bank of England launched Project Pyxtrial to monitor stablecoin reserves, providing near real-time data on liabilities and assets. This initiative aims to enhance regulatory oversight and detect issues proactively.
Tron (TRX) hit $0.14, nearing its ATH of $0.3. Dogwifhat (WIF) surged 50%, reaching a $2.3B market cap. Raboo integrates AI in meme creation, offering presale tokens at $0.0048 with a 20% bonus.
Aave ($AAVE) sees 58,848 tokens worth $6.47M withdrawn by whales amid a price surge to $111. Aave V3.1 launches with security and usability enhancements, as total value locked hits $22B.
Polyhedra Network launched Proof Cloud in open beta at Google ZK Summit, supported by Google Cloud, Polygon, Linea, and Lita. Key feature Proof Arena optimizes ZK-proof performance, reducing costs by up to 90%.
Ki Young Ju reports a surge in limit buy orders for altcoins, indicating a potential rally. This trend, driven by whales and institutions, often precedes significant price increases for alternative cryptocurrencies.
Tether (USDT) reported $5.2B net profits in H1 2024, fueled by U.S. Treasuries. The company diversifies into Bitcoin mining and AI. New regulations challenge its $114B stablecoin dominance. BDO attestations raise skepticism.
