Web3 startups Hyperbolic and Mintify raised over $10M in funding. Hyperbolic secured $7M for a blockchain-based AI platform, while Mintify raised $3.4M to enhance NFT trading infrastructure, expanding from Ethereum to Bitcoin Ordinals.
The Ethereum Foundation sold 150 ETH for 497,250 DAI via Cow Protocol, amid consistent sales and a $294.9 million transfer to a new wallet. Analysts predict increased volatility with a 2024 target above $4,000.
CryptoQuant reports major Bitcoin outflows from Binance, with whales moving 5,800 BTC and 1,000 BTC. Mt. Gox also transferred 33,964 BTC, suggesting potential price surges and increased bullish sentiment.
Crypto exchange Bitbank plans IPO on Tokyo Stock Exchange to boost market presence. Founded in 2014, it has ¥8.65 billion capital. Major shareholders include Noriyuki Hirose, MIXI, and Ceres. Secured ¥7.5 billion funding in 2021.
Dutch crypto exchange Bitvavo partners with Nasdaq to use Market Surveillance for detecting market abuse, enhancing investor protection, and aligning with EU’s MiCA regulation. The tool also aids in regulatory reporting and trading insights.
Senator Cynthia Lummis introduces the “BITCOIN Act of 2024,” proposing a federal reserve of 1M BTC, funded partly by gold certificates, to enhance the U.S. dollar’s global position. Major support from Donald Trump and Robert Kennedy Jr.
The Law Commission of England and Wales proposes a new personal property category for cryptocurrencies and digital assets, including a draft bill for a robust legal framework. In the US, Senator Lummis seeks to use Bitcoin as a reserve asset.
Worldcoin launches iris-scanning ID verification in Austria, rewarding users with WLD tokens. This expansion, despite privacy concerns, follows similar services in Germany. Founded by Sam Altman, Worldcoin secured $115M in May 2023.
Songwriter Jonathan Mann and artist Brian L. Frye sue the SEC over classifying NFTs as securities, arguing their digital art should be exempt. The case could set a crucial precedent for NFT treatment under US law.
The Bank of Japan raised interest rates to 0.25%, the first hike in 20 years, causing Bitcoin and equities to spike. Analysts expect a 25 bps Fed rate cut in September. $BTC $ETH $XRP
Binance will delist ADA/TUSD, AEVO/BNB, AST/BTC, and MANTA/BNB pairs on Aug 2 to enhance market trading and liquidity. Users should cancel associated trading bots. The ADA community remains optimistic due to recent partnerships and upgrades.
XRP surged 8% after the SEC withdrew its request in the Binance case. Speculation of a Ripple settlement and Russia’s crypto payment bill boost optimism. Technical indicators show a bullish trend, with resistance at $0.74.
Terra blockchain was exploited, losing $6.8M in assets due to a reentrancy vulnerability. The breach caused ASTRO’s price to drop by 60%. Terra halted the network for an emergency patch. #CryptoSecurity #Update
Binance listed Jito (JTO), Lido DAO (LDO), Stacks (STX), EOS, and Nervous Network (CKB) in USDC trading pairs, boosting JTO, LDO, and STX by 4% and 3% respectively, despite a 23% drop in JTO trading volume.
