Focuses on platforms where cryptocurrencies are bought, sold, or traded, including features, security measures, and exchange rates.
Binance is aiding the Terra Classic community with the $USTC revival plan, complementing its $LUNC burn campaign. Binance’s efforts have eliminated over 62 billion $LUNC tokens. The price of $LUNC rose by 1% to $0.00007192, and $USTC climbed by 0.50% to $0.01608. #CryptoNews
Binance is set to sell a majority of its Gopax stake to cloud provider Megazone, reducing its share from 72.26% to 10% by July’s end. This move aims to meet regulatory demands and improve corporate governance. #CryptoNews
Binance will delist key margin pairs $BTC/$TUSD and $TUSD/$USDT on July 24, 2024. Isolated margin borrowing for these pairs halts on July 12, 2024. TUSD balances in Cross Margin Wallets convert to $USDT automatically, impacting new positions. #CryptoNews
Crypto.com and @unstoppableweb are offering 200 premium Web3 domains from July 10 to August 9, 2024, priced $20-$10,000. Secure your Web3 identity with simple, user-friendly names like “x.x” and “1.go.” #Web3 #Update
Coinbase lists Stader ($SD), causing a 100% surge in its value. The token’s 24-hour trading volume hit $6.6M, with a market cap of $30.8M. Coinbase also secured a $32.5M contract with the U.S. Marshals Service and acts as a custodian for VanEck’s HODL Bitcoin ETF. #CryptoNews
Golem (@GolemProject) transferred 4,600 ETH ($14.1M) to Binance and Bitfinex amid a price recovery. Over five days, 29,000 ETH ($88.9M) moved, sparking concerns about selling pressure on $ETH. Golem focuses on network growth and solo staking their ETH holdings. #Ethereum
Ex-FTX execs Nishad Singh & Gary Wang to be sentenced this fall for fraud. Singh’s sentencing: Oct 30, 2024; Wang’s: Nov 20, 2024. They exposed FTX’s $8B gap & fraudulent practices. New allegations involve Bankman-Fried’s family’s $100M illicit donation scheme. #Crypto #Update
Centralized exchanges faced a 900% surge in hacker losses in Q2 2024, with $1.4B stolen. The biggest hit was on DMM Bitcoin, losing $303M. Despite a 42% recovery rate, 76% of funds remain unrecovered. Increased attacks on gaming platforms and NFTs expected. #CryptoSecurity
Germany’s government moved 6,306.9 BTC worth $362M to entities like @krakenfx, after seizing 50,000 BTC from Movie2k. Despite this, $BTC stayed above $57K. Exchanges returned over $300M in BTC, highlighting crypto asset management challenges. #Update
Circle launches its MiCA-compliant, euro-backed stablecoin (EURC) on Coinbase’s layer-2 blockchain, Base, to enhance market presence in Europe. EURC joins $USDC, leveraging MiCA regulations for faster, cheaper transactions. #Update #Crypto #Stablecoin
FTX will repay creditors $14B-$16B by late 2024, boosting the crypto market. Smaller claims get 118% in 60 days; larger claims receive 127%-142%. With the U.S. elections, this $16B liquidity surge is expected to drive growth in $BTC and $ETH. #Update
SGX CEO Loh Boon Chye confirms no Bitcoin or crypto ETF listings on $SGX due to current market conditions, diverging from global trends in Hong Kong, the U.S., and Australia. Future listings may occur as the ecosystem evolves. Focus remains on Asian derivatives and global REIT listings. #Update
Coinbase users report a surge in scams, with one user losing $1.7M after disclosing part of their seed phrase to fraudsters posing as Coinbase employees. This highlights the need for vigilance and stronger security in the crypto space. #CryptoSecurity #Update
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
