Binance Labs’ 7th incubation program includes Astherus, Cycle Network, Dill, and EigenExplorer. These projects focus on liquidity solutions, data availability, and decentralized payments, highlighting Binance’s commitment to Web3 innovation.
Binance Labs invests in aPriori, an MEV-powered liquid staking protocol for Monad, to enhance security, optimize performance, and decentralize the blockchain, reducing gas fees. This underscores Binance Labs’ commitment to advancing blockchain technology.
Bybit, the second-largest crypto exchange, now supports Digital Rupee (eRupee) payments for INR users, enhancing transaction security and convenience. This move highlights Bybit’s commitment to innovation in the digital asset market.
Kraken is facing backlash for denying Bitcoin payouts to Mt. Gox creditors, citing insufficient account verification levels. Affected users report slow support and inconsistent responses, despite following the Mt. Gox Trustee’s outlined steps. This highlights ongoing crypto verification challenges.
Rollblock’s presale raised over $1.5M from 6,000+ investors for its no-KYC, Ethereum-based play-to-earn casino. Meanwhile, AVAX and MATIC struggle after Binance delists them. Rollblock’s deflationary token model and revenue-sharing platform aim to disrupt the $500B online gambling industry.
The U.S. SEC amended its complaint against Binance, Binance.US, and Changpeng Zhao, stating no need to rule on third-party crypto asset securities like Solana, Cardano, and Polygon at this time. This follows a court order that BNB and BUSD secondary sales are not securities.
US government moved $2B in seized Bitcoin, speculated to involve Coinbase due to a $32.5M partnership. Analysts suggest a 5-year distribution plan, not immediate sale. Despite BTC dip, trading volume surged 57% to $39.36B. #CryptoNews
WazirX, India’s largest crypto exchange, lost over $230M in a cyber attack, affecting 45% of user funds. The proposed “socialized loss strategy” sparked outrage, with critics demanding the exchange bear the full loss. This incident underscores the need for better crypto regulation in India.
Elliot Gunton, 20, was sentenced to 43 months for stealing $900,000 from Coinbase users via fake sites. The phishing scheme affected over 500 accounts, with one victim losing $16,000. Gunton pleaded guilty to fraud and money laundering. Phishing remains a major crypto theft issue.
Coinbase-backed Ondo Finance’s ONDO token surged 8% to $1.04 after its listing on OKX. Trading starts July 29 with deposits opening an hour earlier. Futures open interest jumped 10.52% to $146.88M, signaling increased market confidence. #CryptoNews
Binance updates collateral ratios for PEPE, BONK, and BANANA, effective July 30, 2024. PEPE’s ratio rises to 75%, while BONK and NEAR also hit 75%. BANANA and BB jump to 50%. Changes aim to enhance trading security and reduce liquidation risks.
Heather Morgan, aka Razzlekhan, was seen at the Bitcoin 2024 conference in Nashville, despite pleading guilty to the 2016 Bitfinex hack. Morgan’s presence at multiple Bitcoin events raises questions about her freedom before sentencing. #CryptoNews
WazirX’s new “socialized loss strategy” post-hack lets users access 55% of assets, locking 45% in USDT. Users choose between two options for recovery, with 62% preferring staggered withdrawals. Critics call it a scam. #CryptoNews
Tyler Winklevoss, co-founder of @Gemini, urges for a new SEC chairman before US elections, criticizing the Biden admin’s crypto stance. Current chair Gary Gensler faces criticism over Ethereum’s status and market fraud views. #CryptoRegulation #Update
