Fidelity International’s Bitcoin ETP is set to list on the London Stock Exchange on July 31, 2024, with reduced fees from 0.75% to 0.35%. This marks a significant step for regulated crypto access in traditional markets. #CryptoNews
Solana ($SOL) surpassed Ethereum ($ETH) in DEX trading volume for the first time in July, hitting $55.8B vs. Ethereum’s $53.8B. This shift was fueled by memecoins and celebrity token launches on Solana. #Update
.@BinanceLabs invests in aPriori to boost blockchain performance. The funding will help reduce gas fees, optimize network traffic, and enhance validator incentives. This marks a key step in advancing liquid staking and the overall crypto ecosystem. #Update
The SEC revised its lawsuit against @Binance, removing the need to classify certain tokens as securities. This shift may alter digital asset regulations. The SEC’s stance and upcoming elections could impact future crypto laws. #CryptoRegulation
Binance Labs invests in Particle Network to enhance Web3 user experience and liquidity. The project features Universal Accounts for multi-blockchain asset management and plans a mainnet launch in Q2 2025. #Update #Web3 #Blockchain
The Bahamas enacts the DARE 2024 Act post-FTX collapse, tightening crypto regulations with investor protection, KYC, and the first-ever staking disclosure regime. Stablecoin issuance now faces strict guidelines and a ban on algorithmic stablecoins. #CryptoRegulation
The Bahamas’ DARE 2024 Act regulates cryptocurrency, introducing investor protection, KYC procedures, and stablecoin issuance rules. It prohibits algorithmic stablecoins and sets reporting standards, aiming to enhance market stability and investor security.
South Korea’s Virtual Asset User Protection Act imposes supervisory fees on crypto exchanges Upbit, Bithumb, and Coinone, totaling 300 million won ($220,000) based on operating income, starting next year. Coinone and GOPAX face financial challenges.
Binance Labs invests in aPriori, enhancing MEV-powered liquid staking on the Monad platform. Funds will optimize blockchain performance, reduce gas fees, and decentralize the network, underscoring Binance’s commitment to early-stage projects.
Fidelity International has listed its Bitcoin ETP on the London Stock Exchange, reducing the management fee from 0.75% to 0.35%. This move highlights the growing demand for digital asset exposure among professional investors.
Icebreaker, founded by ex-Coinbase and Google staff, raises $5M to build a web3 professional network, valued at $21M. Co-founders Dan Stone and Jack Dille advocate for public digital identities to enhance trust and reduce fakes.
Decentralized exchange ZKX shuts down due to low trading volumes and unsustainable conditions. Users can withdraw funds until August 31. ZKX token value drops 70% in a week, highlighting economic viability challenges.
Crypto exchange Bitbank plans IPO on Tokyo Stock Exchange to boost market presence. Founded in 2014, it has ¥8.65 billion capital. Major shareholders include Noriyuki Hirose, MIXI, and Ceres. Secured ¥7.5 billion funding in 2021.
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.
