Polymarket partners with MoonPay to add bank transfers, credit cards, and more crypto options for betting amid surging volumes. Trading hit $260M in July, driven by the US presidential elections. Despite growth, @PolymarketHQ remains unavailable in the US due to regulations. #CryptoNews
Uniswap (@Uniswap) announces a major upgrade to UniswapX, introducing a redesigned auction contract to enhance trade execution and quoting speeds. $UNI traded at $7.67, down 2.46% over 24h. Update first on web, mobile soon. #DeFi sees increased institutional interest and Bitcoin ETF approvals.
Backed and @LiskHQ partner to boost real-world asset adoption in emerging markets. Leveraging @Backed’s RWA expertise and Lisk’s $LSK blockchain tech, the collaboration includes up to $100K grants for African entrepreneurs. #Update
JDCom is launching JD Stablecoin, a new stablecoin pegged 1:1 to the Hong Kong dollar, via subsidiary JD Coinlink. Backed by liquid assets and regulated under HKMA’s sandbox, this move could impact digital payments and cross-border transactions. #Update #Fintech #JDCom
?? The Russian parliament passes a bill to use crypto for international trade and legalize crypto mining, effective Sept 1, 2024. This move aims to counteract Western sanctions and boost trade with China, India, and Turkey. #CryptoNews #Update
Rollblock, in stage 4 of presale, is stirring excitement with its web3 GambleFi platform, surpassing $1.2M. Investors are optimistic about its potential and passive income via staking. $RBLK $SHIB $ADA #Crypto #Update
Interpol issues a red notice for Hong Kong crypto promoter Wong Ching-kit, aka “Coin Young Master,” over a $384,000 crypto fraud and theft case. He’s been wanted since 2019 for a deceptive crypto mining scheme. #CryptoFraud #Update
Europol’s April 2024 IOCTA report highlights Bitcoin’s dominance in cybercrime, especially in fraud and money laundering. It also notes a rise in the use of stablecoins like $USDT and privacy-focused currencies like Monero. New AML regulations aim to counteract these trends. #Update
Solana’s price rose as @FTI_US plans a Solana ETF, following Ethereum’s approvals. Solana ($SOL) is near a resistance of $188.8, with potential to hit $210. Major firms like @BlackRock and @InvescoUS may also seek ETF approvals. #Update
Injective (@Injective_) integrates Mountain Protocol’s USDM, allowing users to earn yields on Treasury Bill-backed assets and use the stablecoin as margin for derivatives trading. Helix, an Injective-based DEX, will be the first to offer USDM collateral. #Update
Decentralized computing is overtaking centralized providers like AWS, offering cost-efficient AI development by using global unused GPUs. This democratizes access for smaller businesses while improving data privacy through techniques like federated learning. #AI #Update
Fold, a Bitcoin fintech firm, plans to go public via a merger with FTAC Emerald Acquisition valued at $365M. The deal, expected to close in Q4, will make Fold the first Bitcoin-powered financial services company. #Bitcoin #Update
Bitcoin could hit $100K soon, says Ding Chen, CEO of CSOP Asset Management, driven by Trump’s expected major announcement at the Bitcoin Conference. CSOP launches Asia’s first inverse Bitcoin ETF in Hong Kong, letting investors profit from BTC declines. Despite outflows, institutional interest stays strong. #Bitcoin
Fireblocks has launched “Fireblocks for Startups,” offering blockchain tools like treasury management, custody wallets-as-a-service, and non-custodial key management. This suite aims to bolster security for growing startups. #Blockchain #Crypto #Update
