Covalent’s $QCT token fluctuated between $0.10 and $0.16 amid a proposal to transition to $CXT, backed by 37M votes. The move, supported by @OKX, @gate_io, and @cryptocom, aims to boost AI integration and liquidity. #Update
Tether announced it will stop accepting redemptions of $USDT and $EURT on Algorand, EOS, Omni, and Kusama blockchains starting Sep 1, 2025. Tokens on these blockchains will be frozen. Users should redeem or migrate their holdings. This follows Tether’s launch of $USDT on the Ton blockchain. #Update
The SEC has concluded its probe into Paxos over its Binance USD (BUSD) stablecoin, declaring no enforcement actions. This decision clarifies that BUSD is not a security, potentially paving the way for clearer U.S. crypto regulations. #CryptoNews
? 40% of Ethereum supply is locked as market awaits ETH spot ETF approval. 33M ETH staked for network security, with ETFs expected to launch soon. #Ethereum #Crypto
Cryptocurrency exchange @BitMEX has pleaded guilty to violating the U.S. Bank Secrecy Act by failing to implement an adequate anti-money laundering program. Co-founders face legal actions, highlighting the need for strict compliance. #AML #Update
Pepe ($PEPE) price jumps 25% to $0.0000095 amid positive inflation data and Bitcoin’s surge above $59,000. Trading volumes average $1.16B, with whale activity hinting at confidence. Ethereum ETF speculation boosts meme coins. #Update #CryptoNews
MicroStrategy (@MicroStrategy) announces a 10-for-1 stock split to make shares more accessible. Shares rose 7.5% after the announcement. Trading on a split-adjusted basis begins August 8, 2024. The company remains the largest corporate holder of Bitcoin. #Update
Since 2019, $100B in crypto from illicit sources went to exchanges, with 30% to sanctioned services like Russia’s Garantex. In 2022, $30B of illicit funds, mostly in stablecoins, was recorded. Tether froze $1.5B in USDT. #Update #CryptoCrime
The House has postponed the vote to override President Biden’s veto on SEC’s anti-crypto rule, SAB 121, to July 11 at 10:30 AM. Concerns over stifling the crypto market persist. #CryptoNews #Regulation
? Major DNS hack hits multiple DeFi protocols, including @CelerNetwork & @compoundfinance. Security experts warn 11 platforms, like Pendle Finance & THORChain, are at risk. Users advised to avoid DeFi dapps until threat is mitigated. #CryptoSecurity
Pyth Network launches Express Relay to tackle Miner Extractable Value (MEV) in DeFi. This innovative solution prioritizes transactions efficiently, reducing MEV’s negative impact and potentially saving users millions. #Update #DeFi @PythNetwork
Imagine earning money through everyday devices like smartphones. DePINs, with a market cap over $20B, promise this but face technical barriers. Simplifying tech is key for broad adoption, making web3 mining accessible. Potential market: $3.5T by 2028. #Update
Tether will halt USDT and EURT redemptions on Omni, Kusama, SLP, EOS, and Algorand by Sept 1, 2025, focusing on security and efficiency. Users should redeem holdings promptly. $USDT holds 69% market share. #Crypto
IOTA partners with Eviden to launch a Digital Product Passport for electric vehicle batteries, enhancing transparency and compliance with EU standards. The DLT-based solution aims to expand into manufacturing, fashion, and food. #Sustainability #Update
