Ethereum co-founder @VitalikButerin warns against voting for politicians based solely on their crypto stance, highlighting risks of superficial support that could overshadow key principles like privacy. Leaders must prioritize ethics over endorsements to ensure blockchain integrity. #Crypto
Spot Ethereum ETFs launched, but @EYnews’ Paul Brody warns this doesn’t guarantee Solana ETF approval. Differences in decentralization and liquidity between $ETH and $SOL, plus fragmented U.S. regulations, complicate matters. #CryptoUpdate
India’s largest crypto platform, @WazirXIndia, was hacked, losing $235M, including $100M in $SHIB and $52M in $ETH. The attack, possibly by North Korea’s Lazarus Group, has led to a 9.2% Bitcoin discount in India. #CryptoSecurity
Donald Trump may announce Bitcoin as a U.S. strategic reserve asset at a crypto conference in Nashville. This move could legitimize Bitcoin as “digital gold,” boosting prices and attracting investors. Experts believe this could enhance economic resilience and stability globally. #BitcoinNews
LI FI’s cross-chain aggregator suffers a $9.7M hack, mainly in stablecoins. Users are advised to avoid their apps and revoke approvals on flagged Ethereum addresses. This follows a $19.3M UwU Lend breach. #DeFi #Security
OKX to exit Nigeria by Aug 16, 2024, due to new regulations. Users must withdraw assets by Aug 30, 2024. This follows the suspension of Naira support in May and a similar exit in India, reflecting global regulatory pressures. #Crypto #Nigeria
Bitfarms’ new CEO Ben Gagnon outlines ambitious goals: achieving 21 EH/s by year-end and 35 EH/s by 2025. Analysts recommend buying $BITF, citing undervaluation and growth potential. New facility in Pennsylvania to boost U.S. presence. #BitcoinMining
Zeebit launches the first Web3 microgaming platform on @Solana’s Sonic SVM Layer 2, featuring provably fair casino and PVP games. Users can earn Zeebit points and Sonic rings during the testnet phase. #Web3Gaming
Dogecoin whales have accumulated over 60M $DOGE within 24 hours, creating a robust support zone at $0.12. This strategic move indicates confidence in $DOGE’s future, potentially driving prices to $0.133 by August. Currently, $DOGE trades at $0.1223, showing promising stability for investors. #CryptoNews
Bitcoin whales have accumulated 1.45M BTC in 2024, pushing their total to 1.8M BTC, valued at over $94B. Weekly accumulation of 100K BTC signals rising institutional interest. Governments in 9 countries collectively hold 517,414 BTC, valued at nearly $34B. #Crypto
Over 50% of Mt Gox creditors will hold onto their Bitcoin after receiving repayments, a Reddit poll reveals. The exchange is set to distribute 140,000 BTC ($9B) after a decade. This move reflects confidence in Bitcoin’s future value and growing trust in digital assets. #Bitcoin
Polygon Foundation announces $MATIC to $POL token migration on Sept 4. $POL will be the new gas and staking token for Polygon PoS. MATIC holders on Ethereum, Polygon zkEVM, and CEXes need to migrate tokens; no action needed for Polygon PoS stakers. #Blockchain #CryptoNews
Ripple CEO Brad Garlinghouse expects a resolution soon in the SEC v. XRP case, critical for U.S. crypto regulation. Despite a partial win last year, XRP’s status as a security for institutions remains unsettled. Garlinghouse urges clear rules, citing the EU’s MiCA as a model. #CryptoRegulation
? Indian crypto exchange WazirX hacked, losing $235M. Suspicious transactions detected by Cyvers, funds mixed via Tornado Cash. Blockchain detective ZachXBT traced attacker’s wallet holding $100M in $SHIB, $11.2M in $MATIC. WazirX pauses withdrawals. #CryptoSecurity
