💰Binance Says It Lost 90% of Customers After Implementing KYC, Losing Billions of $$$ in Revenue

The exchange, which operates in numerous jurisdictions despite not having a formally registered headquarters, also recruited ex-HSBC sanctions expert Chagri Poyraz as its new global head of sanctions compliance.

https://www.coindesk.com/layer2/2022/08/01/binance-compliance-officer-kyc-cost-exchange-billions-in-revenue/

Stablecoins printed in July:
TETHER 🎾 - $0
BUSD 🟡 - $0
USDC 🌀 - $0
TUSD 🔷 - $0
💵 TOTAL: $0

📈IntoTheBlock: a fairly solid support zone has formed in BTC in the range of $17,000 - 23,000. In this range, 3.4 million addresses bought 2.13 million BTC

solid resistance in the range of $31,000 -41,000. In this range, 5.37 million addresses bought 2.55 million BTC

❌Nomad just got drained for over $150M in one of the most chaotic hacks that Web3 has ever seen. How exactly did this happen, and what was the root cause?

https://twitter.com/samczsun/status/1554252024723546112?t=cSamFaS-9b8p8m7OoSP9MQ&s=19

🐶Shiba-Inu will launch their game "Shiba Eternity"

😐One more: Reaper Farm exploited; exploiters transferred ~1.6M $DAI & 62 ETH into TornadoCash

https://twitter.com/peckshieldalert/status/1554423041232629761?

‼️There’s a mass wallet drain happening right now on Solana. Best practice is to revoke all wallet permissions after using an app.

Here’s where you can Revoke Permissions using
@phantom so you don’t get drained

https://twitter.com/dgoldzz/status/1554616087291068417?s=21&t=Aai62q-OASLPip6LQbTVyQ

❌Binance Will Delist EZ, QSP, BRD, NXS, NAV, MDA and SPARTA on 2022-08-11

https://www.binance.com/en/support/announcement/d5f079935fda4abfb4a5636f01984ec2

📝Top 15 Coins by Staking Market Cap

Ethereum leads by staked value, followed by Solana, Cardano, and Avalanche.

📈Arthur Hayes Longing ETH

Given our model says the ETH fair value of the March 31 futures contract is $2,815, I am willing to sell fiat and purchase Ether today and I bought Dec 2022 options contracts with a $3,000 strike

https://cryptohayes.medium.com/max-bidding-7a1c56c1cd07

❌Beanstalk stablecoin relaunches four months after $182 million exploit

The network was due to “unpause” at 12 p.m. ET today, according to a statement from the project. People holding more than 99% of the project’s stalk token backed the resurrection in a vote that closed on Friday.

https://www.theblock.co/post/161915/beanstalk-stablecoin-relaunches-four-months-after-182-million-exploit?utm_source=telegram1&utm_medium=social

❌Polkadot-based platform Acala has been hacked.

According to the initial investigation, hackers exploited a vulnerability to steal over 1 billion aUSD tokens from the pool.

https://bitcoinwisdom.com/acala-attacked-by-hackers-ausd-loses-peg/

🔥🆕New deal will go live tomorrow.

👀Some of the main backers onboard: Coinbase ventures, Parafi Capital, Spartan group, AngelDao.

Stay tuned for more details.

💥Join our announcements channel so you don't miss out on new deals:
https://news.1rj.ru/str/BulkDealsAnn

😐Husd has now troubels..

💰Ethereum Foundation Makes It Clear The Merge Will Not Improve Fees and Throughput

On Wednesday the Ethereum Foundation clarified that The Merge will not reduce onchain fees as the highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoW) is now 29 days away. Amid The Merge update from the Ethereum Foundation, during the last month, Ethereum network costs have printed some of the lowest onchain fees since 2020.

Ethereum Foundation Clarifies ‘Gas Fees Are a Product of Network Demand’ — The Merge Does Not Significantly Change Any Parameters That Directly Influence Network Capacity or Throughput

https://news.bitcoin.com/ethereum-foundation-makes-it-clear-the-merge-will-not-improve-fees-and-throughput/

📈Huobi Restores HUSD Stablecoin Pegg to $1

the issue was technical - HUSD: We recently made the decision to close several accounts in certain regions as required by law, including some market maker accounts. This led to a short-term liquidity problem. Now the problem is solved.

Binance Will List Stargate (STG) in the Innovation Zone

Binance will list Stargate (STG) in the Innovation Zone and will open trading for STG/BTC, STG/BUSD and STG/USDT trading pairs at 2022-08-19 09:00 (UTC).

https://www.binance.com/en/support/announcement/04619e62e3784dc09b17fea81ad4d0fd

➡️Cryptorank: stocks of companies tied to crypto over the past week

❗The developers have updated the roadmap for the transition of ETH to PoS. The final update is expected between September 10 - September 20 (previously announced September 15)

Carnado (ADA) is the most recognizable cryptocurrency project, according to Brand Intimacy's 2022 research results.

Cardano has overtaken Bitcoin in terms of popularity, ranking 26th out of 600 brands surveyed from 19 industries in the global ranking. At the same time, the crypto industry is in the top 10 most recognizable areas.

The ranking methodology takes into account the "emotional closeness" of users to the brand based on mentions in the network and a number of other parameters that are analyzed by AI.