Hexagate and @eOracle launch the first decentralized ML-based security protocol, enhancing $ETH DeFi security without compromising decentralization. Utilizing AVS and re-staked ETH, it acts as a ‘DeFi Firewall’ backed by 120,000 stakers and 110 validators. #Update
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
China seizes 190K $BTC, 830K $ETH, and 27.24M $EOS from the PlusToken scam. This follows Germany’s liquidation of 50K $BTC. Both actions add pressure on the crypto market, raising concerns about stability. #CryptoNews
Nuant launches a real-time tool to monitor crypto portfolios, supporting 30+ trading platforms and 80+ blockchain networks. Features include data aggregation, AI-driven rebalancing, and DeFi strategy simulations. CEO Rachid Ajaja aligns it with upcoming MiCA regulation. #CryptoNews
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
Tether (@Tether_to) stops issuing $USDT on Algorand and EOS to focus on Ethereum, Tron, and Solana. Current holders can redeem tokens for the next 12 months. This move aims to enhance security and efficiency. #Blockchain #CryptoNews
Circle introduces EURC, a euro-backed stablecoin, to Base, Coinbase’s Layer 2 blockchain. This move aims to enhance global digital euro transactions. EURC complies with MiCA regulations, joins $USDC, and promises near-instant cross-border payments. Circle holds an E-money License for both $USDC and EURC. #Update #CryptoNews
Rome Protocol secures $9M from Hack VC, @0xPolygon, HashKey, and Solana co-founder Anatoly Yakovenko. The funds will enhance Ethereum Layer 2 using Solana, boosting speed, privacy, scalability, and reducing costs. Testnet by late 2024, mainnet by mid-2025. #CryptoNews
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
Ethereum ETF issuers like VanEck and Bitwise amended their S-1 filings on July 8 amid rising institutional inflows and ETH’s price recovery. Ethereum saw $10.2M inflows last week, with assets under management reaching $12.4B. SEC chair Gary Gensler hinted at possible summer approval. $ETH #CryptoNews
Cryptocurrency is reshaping gaming with secure, decentralized transactions. Platforms like CSDB.gg enable players to buy items, compete in tournaments, and trade NFTs, enhancing autonomy and interaction. #CryptoGaming #Update
PayPal’s PYUSD stablecoin hits $500M market cap after expanding to Solana. Weekly transactions surged from $150M to over $500M. 74% of PYUSD is on Ethereum, while Solana saw a 61% supply boost. #Update #crypto
@PayPal @solana
Meme coins, a $56B sector, overshadow serious innovations like DePINs and RWAs. Coins like $DOGE now lead to significant financial losses for newcomers, with celebrity tokens like @IggyAzalea’s MOTHER & Hulk Hogan’s HULK marred by scandals. #Update
