Tron Unveils Gasless Stablecoin Transfers
Justin Sun announced gas-free P2P stablecoin transfers on Tron, Ethereum, and EVM networks by Q4 2024. This could enhance adoption among large companies and compete with PayPal and Circle’s services.
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HackaTRON Season 6 Winners Revealed
TRON DAO announced HackaTRON Season 6 winners in Geneva on July 8, 2024. Over 1,000 participants competed for $650,000. BlinkAI and HandShake were notable winners. Season 7 starts July 25, 2024. #Update #Blockchain
DeFi TVL Surges 72% to $94B
DeFi TVL surged to $94.1B, a 72.8% increase, driven by institutional inflows from spot Bitcoin ETFs. Bitcoin hit an all-time high of $73,000, now at $67,235. Market cap reached $2.27T, up 37%.
Biden SC Reform Challenges Trump Immunity Ruling
President Biden proposed Supreme Court reforms: term limits, a binding ethics code, and the “No One Is Above the Law Amendment” to challenge Trump’s immunity ruling, aiming to restore public trust and safeguard democracy.
Ethereum Celebrates 9th Anniversary with $400B Cap
Ethereum, co-founded by Vitalik Buterin, celebrates its 9th anniversary with a market cap over $400B, 2.45B transactions, and 7M+ users. Major upgrades like the Merge have reduced fees and transitioned it to proof-of-stake.
SEC Amends Binance Lawsuit, Avoids SOL Ruling
The SEC is amending its lawsuit against Binance to avoid classifying tokens like Solana (SOL) and Cardano (ADA) as securities. This move follows a court ruling that secondary sales of BNB are not securities. Binance calls the SEC’s request premature. #CryptoRegulation
Arbitrum Expands Orbit Chain Beyond Ethereum
ArbitrumDAO considers expanding Orbit Chain beyond Ethereum to Bitcoin, Binance Smart Chain & Cosmos. 99.8% of ARB token votes support the proposal. Voting ends July 31. #Crypto #Blockchain
Scaramucci Predicts Harris Will Fire SEC Chair
Anthony Scaramucci predicts VP Kamala Harris may fire U.S. SEC Chair Gary Gensler if she runs for president, aiming for a bipartisan crypto approach. #Crypto #Regulation
Ethereum Open Interest Surges with Spot ETF Hype
Ethereum spot ETFs launched in the US on July 24, with BlackRock leading a $1.11B first-day trading volume. Ethereum options open interest hit $7.39B. #Crypto #ETH
Mt.Gox Reimbursements Start: Bitstamp Receives Assets
Crypto exchange @Bitstamp starts reimbursing Mt. Gox creditors from July 25, marking a major step in compensating those affected by the 2014 hack. Over $9B in assets to be distributed. #CryptoNews #Bitcoin
JDCom Launches Hong Kong Dollar Stablecoin
Chinese e-commerce giant @JD_Central to launch Hong Kong dollar stablecoin, JD Stablecoin, via subsidiary JD Coinlink. Pegged 1:1 to HKD, backed by liquid assets. #Fintech #CryptoNews
Ethereum ETFs Surge: $361M Volume in 90 Minutes
Spot Ethereum ETFs debut with a $361M trading volume in 90 minutes, ranking in the top 1% of all ETFs. Leading funds: $ETHE $147.8M, $ETHA $71.4M. #CryptoNews
Ethereum Whales Cash Out Before ETF Launch
Large Ethereum holders cashed out $747M ahead of spot $ETH ETFs launch in the US, marking the highest profits in 40 days. Long-term holders saw gains soar to $666M. #CryptoNews
Ether ETF Donates 10% Profits to Developers
Bitwise Asset Management launches the $ETHW Ethereum ETF on NYSE, donating 10% of profits to Ethereum development groups like @ProtocolGuild. Management fee: 0.20%, waived for the first 6 months. #Ethereum #CryptoNews