🔔 Aave Protocol Launches GHO Stablecoin on Arbitrum
➡️ Following a vote from the Aave DAO, the GHO stablecoin has been deployed on the Arbitrum network. The DAO plans to launch GHO on multiple networks over time, starting with Arbitrum due to its low transaction costs and increased throughput. This phased rollout is aimed at ensuring security and effective risk management.
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➡️ Following a vote from the Aave DAO, the GHO stablecoin has been deployed on the Arbitrum network. The DAO plans to launch GHO on multiple networks over time, starting with Arbitrum due to its low transaction costs and increased throughput. This phased rollout is aimed at ensuring security and effective risk management.
👉 Source
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🔔 Texas Judge Fast-Tracks SEC Case Against Consensys
➡️ A Texas judge has scheduled the SEC's case against Consensys, with proceedings set between July 29 and November 26. A decision could come by the end of 2024 or early 2025. Consensys lawyer Bill Hughes noted the expedited consideration of whether the SEC can regulate MetaMask as a securities broker and issuer.
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https://x.com/BillHughesDC/status/1808141882762891747
➡️ A Texas judge has scheduled the SEC's case against Consensys, with proceedings set between July 29 and November 26. A decision could come by the end of 2024 or early 2025. Consensys lawyer Bill Hughes noted the expedited consideration of whether the SEC can regulate MetaMask as a securities broker and issuer.
👉
https://x.com/BillHughesDC/status/1808141882762891747
🔔 SEC vs. Binance: Court Declares BNB Sales and Cryptocurrencies Not Securities
➡️ A U.S. federal court ruled that cryptocurrencies and secondary sales of Binance’s BNB token are not securities. Judge Amy Berman Jackson found the SEC failed to prove BNB purchasers expected profits, a key part of the Howey test. This decision is a significant win for Binance amid increased regulatory scrutiny post-FTX collapse.
👉
https://www.binance.com/en/blog/regulation/us-federal-judge-rejects-main-claims-by-sec-against-binance-6713897865359416262
➡️ A U.S. federal court ruled that cryptocurrencies and secondary sales of Binance’s BNB token are not securities. Judge Amy Berman Jackson found the SEC failed to prove BNB purchasers expected profits, a key part of the Howey test. This decision is a significant win for Binance amid increased regulatory scrutiny post-FTX collapse.
👉
https://www.binance.com/en/blog/regulation/us-federal-judge-rejects-main-claims-by-sec-against-binance-6713897865359416262
🔔 South Korean Exchanges Set to Reassess 1,300 Tokens Using Updated Standards
➡️ South Korea's 20 crypto exchanges have established a new code of conduct, reevaluating over 1,300 cryptocurrencies. Starting July 19, the self-regulatory standards will coincide with South Korea’s crypto investor protection framework. Exchanges must now assess new tokens based on strict requirements and establish independent decision-making bodies for listings, maintaining records for 15 years to ensure transparency.
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➡️ South Korea's 20 crypto exchanges have established a new code of conduct, reevaluating over 1,300 cryptocurrencies. Starting July 19, the self-regulatory standards will coincide with South Korea’s crypto investor protection framework. Exchanges must now assess new tokens based on strict requirements and establish independent decision-making bodies for listings, maintaining records for 15 years to ensure transparency.
👉 Source
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🔔 SEC Charges Silvergate Capital and Executives for Misleading Investors on Compliance and Losses
➡️ The SEC charged Silvergate Capital, former CEO Alan Lane, and former CRO Kathleen Fraher with misleading investors about their BSA/AML compliance and monitoring of crypto customers, including FTX. Silvergate and former CFO Antonio Martino were also charged with misleading investors about losses from expected securities sales after FTX’s collapse. All parties, except Martino, have agreed to settle.
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https://www.sec.gov/newsroom/press-releases/2024-82
➡️ The SEC charged Silvergate Capital, former CEO Alan Lane, and former CRO Kathleen Fraher with misleading investors about their BSA/AML compliance and monitoring of crypto customers, including FTX. Silvergate and former CFO Antonio Martino were also charged with misleading investors about losses from expected securities sales after FTX’s collapse. All parties, except Martino, have agreed to settle.
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https://www.sec.gov/newsroom/press-releases/2024-82
🔔 Sony Acquires Amber Japan, Enters Crypto Exchange Market
➡️ Sony Group has entered the crypto exchange field by acquiring Amber Japan. This follows Amber Group's earlier acquisition of Japan's regulated crypto platform DeCurret. Amber Group faced difficulties after FTX's collapse, leading to a debt-to-equity transaction with Fenbushj. Amber Group's investors include Temasek, Sequoia China, Pantera, Tiger, and Coinbase.
👉 https://coinedition.com/from-playstation-to-crypto-sony-acquires-amber-japan-expanding-into-digital-assets/
➡️ Sony Group has entered the crypto exchange field by acquiring Amber Japan. This follows Amber Group's earlier acquisition of Japan's regulated crypto platform DeCurret. Amber Group faced difficulties after FTX's collapse, leading to a debt-to-equity transaction with Fenbushj. Amber Group's investors include Temasek, Sequoia China, Pantera, Tiger, and Coinbase.
👉 https://coinedition.com/from-playstation-to-crypto-sony-acquires-amber-japan-expanding-into-digital-assets/
🔔 Galaxy Digital’s head of asset management believes spot Ether ETFs will be approved in “weeks” rather than days but agrees the decision will come sometime in July.
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🔔 Solana-based restaking network Solayer closed funding round from Sandeep Nailwal, DCF God, Justin Bram, Anatoly Yakovenko, Nom, Joe Lallouz, Xinshu Dong, WSB Mod, 0xRooter, Joseph Delong. Amount raised is not disclosed.
👉 https://x.com/solayer_labs/status/1807797264934678588?t=AxzfVWoFD_a2DE4VC2l5zQ&s=19
👉 https://x.com/solayer_labs/status/1807797264934678588?t=AxzfVWoFD_a2DE4VC2l5zQ&s=19
🔔 BitMEX Introduces Memecoin Basket Index Tracking Top 10 Memecoins
➡️ BitMEX has launched the MEMEMEXTUSDT Basket Index Perpetual Swap Contract, offering traders exposure to the top 10 memecoins with up to 25x leverage. This contract simplifies trading by combining multiple memecoins into one instrument, similar to the S&P 500, and is rebalanced monthly for optimal performance.
👉
https://x.com/BitMEX/status/1808712735213171029
➡️ BitMEX has launched the MEMEMEXTUSDT Basket Index Perpetual Swap Contract, offering traders exposure to the top 10 memecoins with up to 25x leverage. This contract simplifies trading by combining multiple memecoins into one instrument, similar to the S&P 500, and is rebalanced monthly for optimal performance.
👉
https://x.com/BitMEX/status/1808712735213171029
🔔 SEC Seeks Dismissal of Retailer's Crypto Lawsuit Over 'Phantom' Policy
➡️ The SEC has asked a judge to dismiss a lawsuit from Beba and the DeFi Education Fund, which seeks to confirm that Beba's token airdrop is not a security. The SEC argues the suit is premature and based on a non-existent policy, as Beba and DEF failed to cite any official SEC rule or action.
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https://cointelegraph.com/news/sec-claims-preemptive-airdrop-suit-used-phantom-crypto-policy
➡️ The SEC has asked a judge to dismiss a lawsuit from Beba and the DeFi Education Fund, which seeks to confirm that Beba's token airdrop is not a security. The SEC argues the suit is premature and based on a non-existent policy, as Beba and DEF failed to cite any official SEC rule or action.
👉
https://cointelegraph.com/news/sec-claims-preemptive-airdrop-suit-used-phantom-crypto-policy
🔔 Consensys, the Ethereum-focused software developer and builder of the MetaMask wallet, has bought cryptocurrency security firm Wallet Guard.
👉 https://consensys.io/blog/consensys-acquires-wallet-guard-to-enhance-metamask-security
👉 https://consensys.io/blog/consensys-acquires-wallet-guard-to-enhance-metamask-security
🔔 Attorney Fred Rispoli, a Ripple (XRP) advocate, predicts that the SEC versus Ripple case could end on July 31 or July 13.
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🔔 Justin Sun Proposes $2 Billion Bitcoin Purchase from Germany to 'Minimize' Market Impact
➡️ Tron founder Justin Sun has offered to buy $2.3 billion in seized Bitcoin from the German government off-market to prevent further market disruption. Recent transfers by Germany caused Bitcoin's price to drop to $56,892.53.
👉
https://x.com/justinsuntron/status/1808828661401072092
➡️ Tron founder Justin Sun has offered to buy $2.3 billion in seized Bitcoin from the German government off-market to prevent further market disruption. Recent transfers by Germany caused Bitcoin's price to drop to $56,892.53.
👉
https://x.com/justinsuntron/status/1808828661401072092
🔔 German MP Urges Government to Cease Bitcoin Sales
➡️ Joana Cotar, an independent Bundestag member, urged the German government to stop its Bitcoin sales, calling them "counterproductive." She invited officials to a lecture with Bitcoin evangelist Samson Mow on Oct. 17.
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https://x.com/JoanaCotar/status/1808888782738911614
➡️ Joana Cotar, an independent Bundestag member, urged the German government to stop its Bitcoin sales, calling them "counterproductive." She invited officials to a lecture with Bitcoin evangelist Samson Mow on Oct. 17.
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https://x.com/JoanaCotar/status/1808888782738911614
🔔 JUST IN: Mt. Gox Trustee Started Repayment to Creditors
➡️ On July 5, 2024, the Mt. Gox Trustee started repaying creditors in Bitcoin and Bitcoin Cash via designated exchanges. Further repayments will follow after completing account validations and discussions with exchanges. Creditors are asked to be patient.
👉
https://www.mtgox.com/img/pdf/20240705_announcement_en.pdf
➡️ On July 5, 2024, the Mt. Gox Trustee started repaying creditors in Bitcoin and Bitcoin Cash via designated exchanges. Further repayments will follow after completing account validations and discussions with exchanges. Creditors are asked to be patient.
👉
https://www.mtgox.com/img/pdf/20240705_announcement_en.pdf
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🔔 EGLD Available to 13M+ SafePal Users
➡️ EGLD is now integrated into SafePal, the crypto wallet suite used by over 13 million people worldwide, giving them direct access to the MultiversX economy via SafePal’s hardware and mobile wallets, with browser extension support soon to follow.
➡️ The new integration offers three layers of exchanging value using EGLD, via a cold storage solution that already secures over $20 billion worth of crypto. At the same time, the SafePal mobile app creates a new on-the-go interface for users to interact with the MultiversX ecosystem.
Read more: https://multiversx.com/blog/egld-safepal-integration
RT: https://x.com/MultiversX/status/1809150690347856182
➡️ EGLD is now integrated into SafePal, the crypto wallet suite used by over 13 million people worldwide, giving them direct access to the MultiversX economy via SafePal’s hardware and mobile wallets, with browser extension support soon to follow.
➡️ The new integration offers three layers of exchanging value using EGLD, via a cold storage solution that already secures over $20 billion worth of crypto. At the same time, the SafePal mobile app creates a new on-the-go interface for users to interact with the MultiversX ecosystem.
Read more: https://multiversx.com/blog/egld-safepal-integration
RT: https://x.com/MultiversX/status/1809150690347856182
🔔 JUST IN: Mt. Gox Trustee Started Repayment to Creditors
➡️ On July 5, 2024, the Mt. Gox Trustee started repaying creditors in Bitcoin and Bitcoin Cash via designated exchanges. Further repayments will follow after completing account validations and discussions with exchanges. Creditors are asked to be patient.
👉
https://www.mtgox.com/img/pdf/20240705_announcement_en.pdf
➡️ On July 5, 2024, the Mt. Gox Trustee started repaying creditors in Bitcoin and Bitcoin Cash via designated exchanges. Further repayments will follow after completing account validations and discussions with exchanges. Creditors are asked to be patient.
👉
https://www.mtgox.com/img/pdf/20240705_announcement_en.pdf
🔔 SBF's Family Tied to $100M FTX Scandal, Legal Troubles Loom !
➡️ Sam Bankman-Fried, founder of FTX, is involved in a $100 million scandal over misuse of company assets for political donations. The Wall Street Journal revealed that his family managed these funds, aiming to influence the 2022 election, with his father Joe Bankman directly involved in the operations. Legal proceedings are ongoing.
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➡️ Sam Bankman-Fried, founder of FTX, is involved in a $100 million scandal over misuse of company assets for political donations. The Wall Street Journal revealed that his family managed these funds, aiming to influence the 2022 election, with his father Joe Bankman directly involved in the operations. Legal proceedings are ongoing.
👉 Source
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🔔 Multicoin Capital to Match Up to $1 Million in SOL for Crypto-Friendly Candidates
➡️ Multicoin Capital is donating up to $1 million to support pro-crypto Republican lawmakers through The Sentinel Action Fund, with contributions matched up to $1 million in SOL. The initiative, powered by Gemini, aims to back candidates like Senator Bill Hagerty, R-Tenn., who advocate for favorable crypto regulations.
👉
https://x.com/KyleSamani/status/1809238856010514472
➡️ Multicoin Capital is donating up to $1 million to support pro-crypto Republican lawmakers through The Sentinel Action Fund, with contributions matched up to $1 million in SOL. The initiative, powered by Gemini, aims to back candidates like Senator Bill Hagerty, R-Tenn., who advocate for favorable crypto regulations.
👉
https://x.com/KyleSamani/status/1809238856010514472
🔔 3AC-Linked Wallet Buys NFT for $59K Due to Uncancelled Offer from 3 Years Ago
➡️ A wallet linked to the bankrupt crypto hedge fund Three Arrows Capital (3AC) bought the Neon Village NFT for 20 Ether (around $59,821) on July 5. The purchase resulted from an offer made three years ago that was never canceled. The SuperRare Bot X channel announced the sale, identifying the buyer as "abcdefg," prompting some NFT collectors to congratulate both parties.
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https://x.com/SuperRareBot/status/1809075031084802534
➡️ A wallet linked to the bankrupt crypto hedge fund Three Arrows Capital (3AC) bought the Neon Village NFT for 20 Ether (around $59,821) on July 5. The purchase resulted from an offer made three years ago that was never canceled. The SuperRare Bot X channel announced the sale, identifying the buyer as "abcdefg," prompting some NFT collectors to congratulate both parties.
👉
https://x.com/SuperRareBot/status/1809075031084802534
🔔 Russia’s central bank has urged businesses to consider various payment solutions, including cryptocurrencies and digital assets, to manage transactions with foreign partners and counter Western sanctions.
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