🔔 Tether CEO Paolo Ardoino publicly favors Bitcoin over Ethereum for the stablecoin issuer’s reserves, citing Bitcoin’s immutability and fixed supply of 21 million coins.

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🔔 Crypto community slams WazirX’s 'socialized losses' plan after hack.

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🔔 MicroStrategy is seeking to sell its class A shares to raise as much as $2 billion to buy more Bitcoin and for general corporate purposes.

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🔔 Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error.

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🔔 Justin Sun refutes rumors of position liquidations, stating they avoid leveraged trading. Instead, they focus on staking, running nodes, project development, providing liquidity, and offering TVL services to support the industry.

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🔔 Trump criticized the U.S. government’s recent sale of $2 billion worth of bitcoin, arguing that the U.S. should be building its crypto assets instead.

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🔔 Binance has challenged a nearly $86 million tax penalty notice issued by India’s tax department DGGI for fees collected from Indian customers between July 2017 and March 2024. DGGI is an agency responsible for indirect tax evasion intelligence and is part of the Indian Ministry of Finance.

👉 https://www.coindesk.com/policy/2024/08/06/binance-has-challenged-indias-86m-tax-showcause-notice-source/

🔔 Binance Labs Incubation Program announced the second batch of projects for the seventh season, including: Aarc, a modular protocol simplifying chain abstraction for dApps; FluxLayer, Omni-Chain Intent Liquidity Layer powered by EigenLayer; TonTon Games, unlocking Telegram Gaming.

👉 https://x.com/BinanceLabs/status/1820475119959228738?t=nPgesp9qDbTIXW_AZQ-RiA&s=19

🔔 Binance Pool has officially launched the KASPA Network (KAS) mining service. Kaspa is a POW cryptocurrency that implements the GHOSTDAG protocol. Previously, Binance launched KAS futures, but did not launch KAS spot.

👉 https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-m-kas-perpetual-contract-with-up-to-50x-leverage-7cda5be3429d4e1da2ad8e23c120a7fb

🔔 Ronin Network bridge paused after $10 million exploit involving MEV bot.

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🔔 Ark Invest bought 93,797 Coinbase shares, worth $17.8 million, across three exchange-traded funds on Monday amid the broad market price plunge.

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🔔 Marathon Digital Holdings, a leading player in the cryptocurrency mining sector, has amplified its Bitcoin reserves by acquiring an additional 2,282 BTC, valued at over $124 million.

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🔔 Ethereum Layer-2 Starknet sees Diego Oliva step down as CEO, transitioning leadership to James Strudwick.

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🔔 Michael Saylor, co-founder of MicroStrategy, supports converting fiat to a Bitcoin reserve.

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🔔 Hut 8, a Bitcoin miner and energy infrastructure company, announced Tuesday it will bring on a new chief financial officer later this month.

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MultiversX keeps getting better. If there’s one constant in the universe, it’s this.

New features and improvements have been deployed on the public testnet, batched in the "Spica” release. These will soon be voted on in community governance.

The Spica proposal voting window will start on Thursday (14:01 UTC) and will end on the 18th of August.

Governance participation is important for decentralization. Read more about the proposal on the voting portal.

RT: https://x.com/MultiversX/status/1820878961385336975

🔔 Binance CEO Richard Teng said that DeFiLlama showed that Binance had a net inflow of $1.2 billion in the past 24 hours. This is one of the highest net inflows for Binance in 2024, indicating that investors are interested in buying at a lower cost, August 5 is also one of the highest trading volumes for Binance in 2024.

👉 https://x.com/_RichardTeng/status/1820792517069332991?t=eulB7_pqUU_H1vv8WMkJlg&s=19

🔔 Binance Labs Invests in Solayer to Boost Solana’s dApps!🌟

➡️ Binance Labs invests in Solayer to enhance Solana’s dApps security and functionality. This support will boost Solayer’s scaling efforts and performance📈

👉 https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-solayer-to-drive-the-solana-restaking-ecosystem-forward-1538252395823419824?hl=en

🔔 JUST IN: Judge Orders Ripple to Pay $125M in Penalties, Ending Four-Year Battle with SEC

➡️ Judge Torres has ordered Ripple to pay $125 million in civil penalties and cease any further violations of securities laws, concluding a nearly four-year legal battle with the SEC. The SEC had originally sought a $2 billion penalty.

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https://twitter.com/EleanorTerrett/status/1821276946921345341

🔔 Around $40 million exited the Grayscale Ethereum Trust, now trading as an exchange-traded fund on August 6, according to data from Farside Investors.

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🔔 Ripple, a global leader in blockchain solutions, has forged a new partnership with the DIFC Innovation Hub to promote the use of digital assets and blockchain technology in the UAE.

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