ZKX protocol, the first perpetual futures exchange on Starknet, has shut down due to low user engagement. Founded in 2021 and backed by $4.5M, it struggled to sustain itself despite innovative zk-rollup technology.
The SEC charged BitClout founder Nader Al-Naji with cryptocurrency fraud, alleging he misused $7M in investor funds for personal luxuries, including a mansion and gifts. Al-Naji raised $257M through unregistered sales since 2020.
Rollblock (RBLK) is surging, adding 2,000 players weekly and 150+ games. Its revenue-sharing model boosts staking rewards. Analysts predict RBLK could hit $1 by 2024, fueled by the gambling market’s growth to $750 billion by 2028.
BlackRock Ether ETF saw $118M inflows on July 30, 2024, despite Ethereum’s price falling 1.21% to $3,274.43. Grayscale’s ETHE faced $120M outflows, while mini-ETH and Fidelity FETH saw $12.4M and $16.4M inflows, respectively.
TRON DAO integrates LayerZero, enabling dApps on 70+ networks. With 1.8M daily users and 50% USDT market share, TRON, founded by Justin Sun, aims to boost decentralized tech adoption and innovation.
Abra and CEO William Barhydt settle with 25 US states over unlicensed crypto trading, avoiding $250K penalties per state and facilitating $82M in customer repayments. Barhydt is barred from licensed money services in these states for five years.
Justin Sun, founder of Tron, offers to buy Germany’s $2.3B seized Bitcoin stash to avoid market disruption. Despite support, concerns arise due to compliance issues and Sun’s SEC legal challenges. #Bitcoin #Update
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.
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
XRP surged 9% to $0.65 amid SEC lawsuit updates. Whale activity hits a six-month high, with 279,400 wallets holding over 10,000 XRP. Trading volumes soar by 133% to $2.726 billion, boosting market confidence.
Donald Trump raised $25M at the Bitcoin Conference 2024 in Nashville, with support from crypto figures like the Winklevoss twins and Kid Rock. The funds boost his re-election campaign, aiming for $100M by November.
Blockchain analytics firm Crystal partners with the European Central Bank to enhance financial oversight, providing advanced data tools to support EU crypto regulations and ensure market stability. This marks a significant acceptance of blockchain technology.
North Korea is infiltrating the crypto sector via fake job applications, exploiting economic sanctions. Over 300 U.S. companies have been targeted, risking major financial and geopolitical consequences. Enhanced security measures are urgently needed.
Apple delays AI integration for iPhone and iPad, now set for October 2024. Initial features include advanced text editing and email management, but only for iPhone 15 Pro and newer models. Full launch expected in early 2025.
