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.
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.
XRP surged 7.5% to $0.643, with 87.32% of supply in profit. Whale transactions over $100K jumped to 811. RSI at 69 suggests overbought conditions. Long-term forecasts predict $1.18 by 2025, $500 by 2050.
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.
