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📣 Worldcoin Token Launch Led By OpenAI CEO Sam Altman
On Monday, the release of Worldcoin tokens will take place, which will be overseen by the CEO of OpenAi. The cryptocurrency community is buzzing with anticipation as Worldcoin, a new token co-founded by none other than Sam Altman, the CEO of OpenAI, is all set to make its debut on Monday. According to insiders familiar with the matter, the Worldcoin token is generating a lot of interest and excitement ahead of its official launch. These contract addresses reveal a total supply of 10 billion tokens, indicating that the project has ambitious goals from the get-go. It is worth noting that the token’s creation is a relatively recent development, having been brought into existence just six days ago. Despite its young age, the Worldcoin token has already garnered significant attention, with 22 held addresses and 161 transfers recorded so far. This rapid activity points to a high level of interest and engagement from the cryptocurrency community. However, the exact details of the token and its use cases are still eagerly awaited. The Worldcoin project has managed to maintain an air of mystery, adding to the excitement surrounding its upcoming launch. As it promises to be led by a prominent figure like Sam Altman, investors and traders alike are keen to learn more about the potential impact of this new token on the cryptocurrency landscape.
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🥇 Bitcoin HODLers Reach 75% Of Circulating Supply As Glassnode Reports New ATH
Glassnode reported a new all-time high of 14.52M BTC in long-term holder supply, suggesting HODLing is preferred. Tighter 30-day price range, the potential for volatile movement, and a recent price drop of -1.11M BTC to $29K. Bitcoin block 800,000 just mined. Recently, Glassnode, an on-chain analysis platform, reported that the Bitcoin Long-Term Holder Supply has reached a new all-time high of 14.52 million BTC, which is equivalent to 75% of the circulating supply. In addition, only 484 out of 114,055 trading hours (0.42%) have recorded a tighter Bitcoin 30-day price range. This suggests that the likelihood of severe volatile price movement is enhanced. The recent BTC spot price movement from $30,263 to $29,201 has sent -1.11 million BTC (-5.9%) into an underwater position. This places the current percent supply in profit at 70.4% (13.45 million BTC). At the time of writing, Bitcoin has witnessed a significant drop to $29K, about 5% over the last 24 hours. According to Santiment, Bitcoin has rebounded above $30k last weekend, and it’s recommended to keep an eye on the number of large addresses as summer progresses. If the 100+ $BTC wallet line begins rising again, another breakout greatly increases in probability.
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🔵 USDC Witnesses $1.6 Billion Decrease in Circulation in 30 Days, USDT Sees 0.8% Increase
Data from Coingecko reveals significant changes in the circulation of stablecoins in the past 30 days, with USDC experiencing a notable decline while USDT sees a slight increase in circulation. The USDC (USD Coin) has seen a decrease of $1.6 billion in circulation over the past month, representing a substantial 5.6% drop. As of July 23, the total circulation of USDC stands at $26.867 billion. USDT (Tether) has witnessed an increase in circulation, with a rise of $660 million, marking a modest 0.8% growth. Stablecoins have become an essential part of the cryptocurrency ecosystem, providing stability and pegging their value to fiat currencies like the US Dollar. These digital assets offer traders and investors a means to mitigate the high volatility often associated with other cryptocurrencies. The recent fluctuations in the circulation of stablecoins may be influenced by various factors, including market demand, user preferences, and regulatory developments. The decrease in USDC circulation could be attributed to investors moving funds to other assets or platforms as market conditions evolve. As stablecoins aim to maintain a 1:1 peg with the US Dollar, the decrease may indicate a shift in investor sentiment or market dynamics.
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🏴 Aptos Active Accounts Surge to 182,000 Following Integration with Chingari Social Media App
Aptos, a blockchain-based platform, experienced a remarkable surge in active accounts, reaching a record-high of 182,000 since the APT airdrop. The integration with Chingari, a popular social media app in India, has added virtual gifting capabilities within the Aptos ecosystem, incentivizing active participation and driving interest in the crypto community. Virtual gifting has emerged as a powerful and rewarding method for content creators and influencers to monetize their online presence. The surge in users coincides with the recent integration of Chingari, a popular social media app in India, which now offers exciting new functionalities like virtual gifting within the Aptos ecosystem. The integration with Chingari has been a game-changer for Aptos, attracting a staggering number of new users in the past two days, with over 94,000 new accounts created. The addition of virtual gifting capabilities within the platform has added a novel and engaging dimension to the user experience, incentivizing active participation and driving interest in the crypto community. Chingari, known for its unique features and widespread popularity in the Indian social media landscape, has significantly contributed to Aptos’ recent growth.
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💰 Celsius Hits Important Deal, Users Can Get Compensation Later This Year
According to the Wall Street Journal citing court documents, bankrupt crypto lender Celsius Network has reached an important settlement that could clear the way for Celsius to get court approval to return assets to customers and end the bankruptcy process. Reportedly, since the opening of the inquiry portal, a total of 30,000 customer complaints have been resolved, with a claim value of US$78 billion. The court will approve the settlement at an August 10 hearing. The Wall Street Journal added that a confirmation hearing on Celsius’s restructuring is scheduled for October and that customers could start receiving crypto and other assets later this year. While Celsius’ lawyers argue that Celsius owes customers no more than their deposits, some users have filed claims for misconduct by former management. Earlier this month, the US Securities and Exchange Commission (SEC) filed a lawsuit in federal court against Celsius and its former CEO, Alex Mashinsky, accusing it of raising billions of dollars through fraudulent and unregistered sales, defrauding investors, and manipulating the price of its native token. The company recently announced a $4.7 billion settlement with US government regulators over allegations of fraud.
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💰 Whale Alert Detects $420 Million Bitcoin Transfer Amidst Binance Wallet Concerns
Whale Alert reported a massive transaction involving 14,159 Bitcoins (BTC) valued at approximately $420 million. What makes this transaction even more intriguing is the involvement of a previously identified address linked to Binance, one of the world’s largest cryptocurrency exchanges. According to Whale Alert, the address that received the 14,159 BTC is the same one that had previously received 4,451 BTC before transferring them to Binance. The nature of the transaction, involving such a substantial amount of cryptocurrency, has raised eyebrows within the crypto community. Whale Alert’s monitoring capabilities have made it possible to track large movements of digital assets across various blockchains, providing real-time updates to the public and authorities. The nature of the transaction, involving such a substantial amount of cryptocurrency, has raised eyebrows within the crypto community. Whale Alert’s monitoring capabilities have made it possible to track large movements of digital assets across various blockchains, providing real-time updates to the public and authorities.
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🇮🇩 Indonesia Unleashes A Thriving Crypto Ecosystem With National Exchange Launch
The government of Indonesia has taken a significant step in the cryptocurrency space by announcing the launch of a national cryptocurrency exchange. This move aims to provide regulators with transparent transaction records and offer better protection to crypto investors in the country. The Commodity Futures Trading Regulatory Agency (Bappebti) revealed that the launch of the exchange and clearing house also seeks to strengthen monitoring of the rapidly growing sector during a transition in regulatory oversight. The national cryptocurrency exchange, which was unveiled a week ago, has now commenced operations, as per a statement from the Commodity Futures Trading Supervisory Agency. This exchange will be the sole platform in Indonesia allowed for the legal exchange of digital assets. Bappebti confirmed the opening of the exchange on July 20 and introduced a Futures Clearing House along with the exchange to act as a mediator between buyers and sellers, ensuring smooth transactions. It was previously reported that cryptocurrency sales in Indonesia would be restricted to local transactions while aligning with international market developments. Licensed traders have been given one month to join the exchange.
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🥇 Trending Bitcoin Spot ETFs Could Drive $30 Billion In New Demand: Report
According to a recent research report by crypto exchange NYDIG, the Bitcoin Spot ETFs registration craze could generate $30 billion in new demand for the crypto market. Bitcoin is often referred to as digital gold, so it will inevitably be compared to the gold ETFs listed in the early 2000s. Currently, gold ETFs hold only 1.6% of the total global gold supply, the NYDIG pointed out, compared with 17.1% of central banks, while bitcoin funds hold 4.9% of the total bitcoin supply. Currently, NYDIG has modeled that there are $28.8 billion in bitcoin assets under management with $27.6 billion in spot-like products. The NYDIG’s conclusion that the real potential of a Bitcoin ETF lies in a convergence of factors: the launch of an ETF, a weaker US dollar, the Federal Reserve’s shift to quantitative easing, and a generational transfer of assets to younger individuals who are more likely to invest in cryptocurrencies. In a twist on July 19, the US Securities and Exchange Commission (SEC) accepted applications to create a spot bitcoin exchange-traded fund from six companies, including BlackRock (BLK.N), for consideration, the first step in the agency’s process to decide whether or not to approve the latest round of proposals.
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💰 Mainnet Sui Upgraded To New V1.5.0 Version
According to the official announcement, the Sui mainnet has been upgraded to the new V1.5.0 version with many notable updates. The minimum budget for gas fees has been changed to the minimum fee. With the current changes, only transactions whose budget includes the minimum fee will be accepted. It should be noted that there will be no change in gas fees for any previous successful transactions. In other words, the scope of this change is limited to specific transactions. Sui is an L1 public chain redesigned and built on first principles that aims to provide creators and developers with a development platform capable of carrying billions of users further. follow in Web3. Applications on Sui are based on the Move smart contract language and are horizontally scalable, allowing developers to support a wide variety of application development quickly and at low cost. This Layer 1 hit 1 million active addresses less than two months after the mainnet’s launch, according to a July 14 press release. Despite widespread adoption and network usage, Sui’s price has met significant difficulty, trading at less than $1 since the beginning of June.
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🇦🇪 Bitget Ventures Into Booming MENA Crypto Market With New Office In Dubai
Bitget, a leading crypto derivatives and copy trading platform, has set its sights on the flourishing Middle East region as part of its ambitious global expansion plans. The company’s decision to venture into the Middle East comes as the region gains significant traction as a hotbed for cryptocurrency activity. In a strategic move, Bitget has already begun its operations in the vibrant city of Dubai, where it has recruited 60 new staff members to fill mid and back-office positions. The Middle East has emerged as a promising destination for crypto enthusiasts and businesses alike, with countries such as the United Arab Emirates (UAE) and Bahrain taking the lead in creating a crypto-friendly environment. As a result, the region has experienced remarkable growth in crypto adoption, accounting for an impressive 9.2% share of global crypto transactions between 2021 and 2022. Particularly noteworthy is the UAE, which witnessed an astounding 400% increase in the number of registered crypto businesses over the course of two years, significantly bolstering global digital asset trading. As part of its expansion strategy, the company aims to establish a regional headquarters and hire a diverse team to handle various mid and back-office roles.
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💰 Polygon Unveils New Decentralized Governance Framework for Polygon 2.0
Polygon, a leading cryptocurrency network, has unveiled its plans to establish a new governance framework for enhanced decentralized control over its ecosystem. The initiative, known as Polygon 2.0, aims to develop a network of zero-knowledge-powered Layer 2 chains. The new governance model will consist of three pillars: core protocol governance, smart contracts governance, and community treasury governance. Drawing inspiration from Ethereum’s successful governance models. The governance proposal has undergone extensive community deliberation, with feedback and ideas from validators, users, developers, and ecosystem participants. The community has full control over the network and will have the final say on all proposals. The forward-looking governance framework promotes decentralized ownership and decision-making across all Polygon protocols and the ecosystem. The three governance pillars provide a topology for decision-making mechanisms within the ecosystem. Protocol governance is facilitated through the Polygon Improvement Proposal (PIP) framework, allowing for coordinated upgrades proposed by internal and external actors.
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🦊 MetaMask Will Soon Provide Layer 2 Linea Services In Its Portfolio
The crypto wallet MetaMask announced that it will soon provide Linea Bridge, Swap, and Buy services in its Portfolio. Consensys, a leading blockchain development company, has made a significant announcement regarding its Layer 2 solution, Linea. The company has officially launched the alpha mainnet version of Linea after completing a successful 3-month testing period on Ethereum’s Goerli testnet. During the testing phase, Linea demonstrated impressive activity with over 5.5 million wallets. The mainnet alpha version of Linea brings several key upgrades aimed at improving user experience and expanding the ecosystem. One of the notable enhancements is the integration of zkEVM rollups technology, which allows for faster transaction times and lower fees compared to the Ethereum mainnet. With the use of new infrastructure technology, Linea incorporates a dynamic fee mechanism and introduces batch trading, enabling significant cost reductions, making transactions up to 15 times cheaper than on Ethereum. The launch of Linea’s mainnet alpha version marks a major milestone in the development of Layer 2 solutions, offering improved scalability and efficiency for blockchain applications.
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💰 Neon EVM Now Supports Ethereum Applications On Solana Blockchain
Neon Labs, a blockchain developer, has introduced the Neon EVM, a computing environment that allows developers to write Ethereum applications on top of the Solana blockchain. This innovative solution enables the deployment of Ethereum Virtual Machine (EVM) code on Solana, a feat that was previously not possible. Neon EVM aims to integrate seamlessly with Solana’s high throughput capabilities, offering developers the opportunity to leverage the native functionality of Solana and reduce operational costs. The Neon EVM smart contract, built on Solana’s blockchain, processes wrapped Ethereum transactions, combining the robustness of Ethereum’s decentralized application (dApp) environment with Solana’s highly efficient infrastructure. Developers can now deploy Ethereum dApps directly on the Solana network, benefiting from Solana’s technical capabilities with minimal code adjustments. While Ethereum’s average transaction fee is around $2, using layer 2 solutions can bring costs down to $0.5-$0.1. In contrast, Solana boasts an average transaction fee of just 0.00001 SOL (~$0.0002) per transaction, offering remarkable savings of 10,000x. The effectiveness of Neon EVM has been validated through early Devnet tests.
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⚫️ Hooked Protocol Announces Deployment To opBNB, Driving Web3 Adoption
Hooked Protocol, a leading Web3 gamified social education platform, has revealed its plans to deploy to opBNB on July 18. Leveraging the strengths and solutions offered by opBNB, Hooked Protocol aims to contribute valuable insights, foster an open ecosystem, and bolster user experience to drive the mass adoption of Web3 technologies. opBNB operates as a Layer 2 network built on the OP Stack technology, specifically designed for the Binance Smart Chain (BSC). Since the opBNB testnet launch by BNB Chain on June 19, the platform has demonstrated its innovative approach to address scalability and cost challenges. opBNB combines various underlying optimizations, including enhanced data accessibility, a caching layer, and an optimized submission process algorithm. These optimizations enable opBNB to achieve a gas limit of up to 100M, supporting over 4,000 transfer transactions per second. Moreover, opBNB boasts an average transaction cost of less than $0.005, providing users with cost-efficient transactions. By deploying to opBNB, Hooked Protocol seeks to leverage these comprehensive optimizations and infrastructure to create a seamless and engaging user experience. The integration will enable Hooked Protocol to tap into opBNB’s user base and ecosystem, fostering educational and social interactions within the Web3 space.
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💰 Sui Blockchain Breaks 29 Million Transactions With Launch Of On-chain Game
Record-high transactions on Sui blockchain fueled by first on-chain game Sui 8192. Potential to revolutionize gaming industry with persistent digital assets. The game is a sliding tile game where players use their arrow keys to shift and combine tiles until they reach a tile worth 8192. Despite its simplicity, Sui 8192 has the potential to revolutionize the gaming industry. On-chain games are becoming increasingly popular as they are ubiquitous and can be played from any device connected to the internet. Sui 8192 is a dynamic NFT, exhibiting the unique properties of NFTs on Sui in that it can change its appearance based on user inputs. It demonstrates many interesting new use cases for NFTs, such as using an NFT for an app’s interface. Ethos was programmed as the first wholly on-chain Sui game. Each newly minted Sui 8192 object contains the game logic, while the interface was coded in javascript, CSS, and HTML. Sui is a layer-1 blockchain launched in May 2023 and was touted at the time as a “Solana killer.” SUI prices were down 0.5% on the day at $0.678 at the time of writing. This capability sets an example for other apps, such as collaborative productivity tools.
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📣 Vitalik Buterin Critiques Worldcoin’s Iris-Scanning Proof-of-Personhood Solution
Worldcoin, a project co-founded by OpenAI CEO Sam Altman, made headlines today as it launched its WLD token, accompanied by an innovative iris-scanning identity verification solution. However, Vitalik Buterin, the co-founder of Ethereum, has outlined several potential pitfalls associated with Worldcoin’s Proof-of-Personhood (PoP) system in a recent blog post. Buterin emphasized that while the concept behind Worldcoin’s PoP system is intriguing. Worldcoin users are required to install a dedicated app and undergo iris scanning using the “Orb” device. The Orb validates the user’s humanity and uniqueness of their iris pattern, generating an iris hash that results in a distinct World ID for each individual. This process ensures privacy and security by not revealing explicit personal details. Addressing the privacy aspect, Buterin expressed apprehension over the inherent risks of iris scanning. Despite Worldcoin’s current practice of storing only hashed iris scans rather than actual images, Buterin pointed out that there remains a potential for identity-related information misuse or leakage. He suggested that even with the present measures, the scanned iris could still reveal unintended information if mishandled.
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🆘 Coinlist Twitter Hacked! Protect Yourself from Phishing Scam!
The official Twitter account of Coinlist, a popular cryptocurrency platform, is suspected of being hacked today. Users reported that the account has been posting suspicious messages related to a token gifting scam. The fraudulent tweets claim to offer free tokens of the native Coinlist token, LIST, as a giveaway. However, authorities and Coinlist officials have confirmed that this is a phishing scam, and users are advised not to click on any links or engage with the fraudulent messages. The hacking incident has caused concern among the crypto community, as scams and phishing attempts have become more prevalent in recent times. Social media platforms like Twitter have been prime targets for cybercriminals seeking to exploit the reputation of legitimate crypto companies for their malicious purposes. Upon discovering the suspicious activity, Coinlist immediately took action to secure their account and alerted Twitter about the hacking incident. Coinlist representatives have emphasized that they never conduct token giveaways in this manner, and users should exercise caution when encountering such messages on social media. Phishing scams typically involve deceiving users into clicking on malicious links, leading to the theft of sensitive information or funds.
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🆘 Alphapo Loses $23 Million In Multi-Platform Attack!
Crypto payment service provider Alphapo fell victim to a devastating hack, resulting in the theft of more than $23 million in funds across multiple blockchain networks. According to monitoring by ZachXBT, the hot wallets of Alphapo on Ethereum (ETH), Tron (TRX), and Bitcoin (BTC) were compromised, leading to the loss of significant digital assets. The attackers orchestrated a sophisticated attack on Alphapo‘s hot wallets, enabling them to gain unauthorized access to user funds across different blockchains. The stolen funds were subsequently converted to Ethereum and then bridged to the Avalanche network and Bitcoin, making it challenging to trace the transactions. Alphapo plays a crucial role in facilitating payments for various gambling services, including HypeDrop, Bovada, and Ignition. The hack has had severe consequences for users of these platforms, with Ignition being forced to suspend all withdrawals as a precautionary measure. The incident has raised concerns within the crypto community about the security measures employed by payment service providers and the risks associated with storing large sums of digital assets in hot wallets. The incident serves as a stark reminder of the importance of robust security protocols in the crypto space.
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🏦 Crypto Couple’s Dramatic Plea Deal: Bitfinex Hack And Money Laundering Scandal
In a significant development, an American couple has entered into a plea agreement with U.S. authorities over allegations of laundering billions of dollars worth of cryptocurrency stolen from the notorious 2016 hack of the virtual currency exchange Bitfinex, Reuters reported. The couple, Heather Morgan and her husband Ilya Lichtenstein, were initially arrested in February 2022 and are scheduled to appear for a plea hearing on August 3 before Senior Judge Colleen Kollar-Kotelly in Washington, according to court records. Heather Morgan, also known as “Razzlekhan” in the hip-hop community where she promoted her music, and Ilya Lichtenstein are accused of conspiring to launder over 100,000 bitcoin stolen in the hack of Bitfinex. At the time of the hack, the stolen bitcoin was valued at $71 million, but its value had appreciated to more than $4.5 billion by the time of their arrest. Prosecutors are seeking the forfeiture of assets worth approximately $3 billion, including various cryptocurrencies and cash from bank accounts, according to the charging document and current spot prices of cryptocurrencies. The couple, who had active public profiles, are facing charges of money laundering conspiracy, with Morgan facing an additional count of conspiracy to defraud the United States, as per an updated charging document filed recently.
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💰 Global X ETFs And CoinDesk Team Up For Groundbreaking New Bitcoin ETF
Global X ETFs, a prominent provider of exchange-traded funds, has joined forces with CoinDesk to seek regulatory approval for a groundbreaking financial product – the Global X Bitcoin Trend Strategy ETF. Unlike traditional spot-based Bitcoin ETFs, this innovative ETF will track BTC futures contracts and the CoinDesk BTC Trend Indicator Index, which gauges the strength and direction of BTC’s price movements based on a proprietary signal. The application for the Global X Bitcoin Trend Strategy ETF comes amidst a surge in interest from various financial entities seeking to introduce Bitcoin ETFs to the market. As per Bloomberg ETF analyst James Seyffart, this particular application is expected to be accepted, considering it is not a spot-based ETF proposal. Seyffart believes that the approval process should follow a similar path to that of previously approved Bitcoin futures ETFs. The likelihood of approval appears high, with Seyffart noting that the only possible hindrance would be the SEC’s unprecedented decision to force the delisting of all previously approved Bitcoin futures ETFs.
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🟠 Binance’s H1 2023 Report Reveals Crypto Market Resilience And Promising Developments
Binance, a leading cryptocurrency exchange, has released its H1 2023 report, highlighting the crypto market’s resilience despite challenges. The crypto market capitalization ended the period on a positive note, showing signs of recovery. Bitcoin’s dominance reached its highest level since April 2021, with an impressive year-to-date price performance of over 87%, outperforming many traditional financial investments. The emergence of Ordinals and Inscriptions has energized the Bitcoin ecosystem, promising continued development and innovation in the coming months. The first half saw significant developments in Layer 1 networks, with Ethereum’s liquid staking reaching new heights, giving rise to LSTfi. BNB Chain focused on scalability, while Solana and Tron made notable strides in their respective ecosystems. Avalanche and Cosmos also advanced through subnets, partnerships, and shared economic security models. In the Layer 2 space, optimistic rollups remained dominant, while ZK rollups achieved new heights with the launch of fully functional zkEVMs. The industry witnessed a convergence of major players around the concept of networks of blockchains, such as L3s, Superchains, and Hyperchains. However, DeFi’s dominance experienced a slight decline compared to the overall crypto market.
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🇺🇸 US Prosecutors Accuse Bankman-Fried Of Attempting To Discredit Witness In Trial
US prosecutors have accused Samuel Bankman-Fried (SBF), the co-founder of crypto exchange FTX, of using private documents to discredit his ex-girlfriend and potential witness, Caroline Ellison, in an ongoing criminal fraud trial. According to Bloomberg News, prosecutors allege that Bankman-Fried selectively shared certain private documents with The New York Times, portraying Ellison as a jilted lover responsible for the alleged FTX crimes. The purpose behind this action was to undermine Ellison’s credibility. The New York Times published a story based on writings by Ellison found in Google Docs and personal journals. These writings appeared to reveal her ambivalence about her role at FTX and her relationship with Bankman-Fried. Prosecutors argued that the documents excerpted in the article did not come from materials provided to Bankman-Fried during pretrial information sharing. They suspect the documents were sourced from his personal Google Drive account. The government contends that Bankman-Fried’s defense strategy aims to cast Ellison as the sole perpetrator of the alleged FTX crimes, despite overwhelming evidence suggesting otherwise. Prosecutors view these attempts to malign Ellison’s credibility in advance of trial as prejudicial and improper.
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🔵 Arbitrum Foundation Grants Phase 1 Targets Apps and Infrastructure
Arbitrum has recently revealed its ambitious plans for the first phase of its foundation funding. The primary focus of the first phase is to bolster the growth and potential of DApps running on Arbitrum, while also enhancing the underlying infrastructure to ensure a seamless and efficient experience for users. With the backing of the foundation grants, developers and innovators within the crypto community can expect to access resources and support to create more powerful and user-friendly technologies. The grants also carry the objective of fostering sustainable and thriving communities within the ecosystem. By providing financial backing to projects that contribute to the growth of the ARB network, the foundation aims to nurture a vibrant and dynamic community that collaborates to push the boundaries of blockchain scalability and usability. Crucially, the foundation has clarified that the grant program will progress in different phases, with each phase having specific goals and objectives. However, unlike traditional grant programs, there is no fixed “end date” for these stages. Instead, the program will continue until the Arbitrum Foundation determines that the phase objectives have been adequately met.
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🪙 Stellar Accompanying Ripple As XLM Gains Over 100% Over The Last Week
In the dynamic world of cryptocurrencies, Stellar’s native digital currency, XLM, has recently seen a remarkable surge in its price. Over the past few weeks, Stellar has been gaining widespread recognition for its efficiency and cost-effectiveness as a digital payment network, attracting an increasing number of users and businesses. This integration enables USDC remittances and cashouts in these countries, providing convenience and efficiency to everyday transactions and contributing to enhanced financial inclusion through swift and cost-effective cross-border transactions. The recent weeks have witnessed an impressive price surge for XLM. On July 13, XLM experienced an astonishing increase of over 100%, peaking at $0.197. However, as is common in the cryptocurrency market, profit-taking by investors caused the price to retreat slightly. Nonetheless, XLM has been on an upward trajectory since July 18, with strong support near $0.128. It is noteworthy that XLM stands out as the best-performing cryptocurrency asset among the top 100, based on CoinMarketCap data. In comparison, even XRP, which is ranked fourth in terms of gainers, lags behind XLM’s performance. Traders and investors are closely observing XLM’s price movement, as a break past the $0.20 level could indicate the beginning of a fresh uptrend for Stellar’s XLM.
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🐴 1inch Launches New Beta Version Of Web3 Cloud SaaS Platform
1inch Labs, a leading DeFi protocol, has unveiled its beta version of the developer portal, a Web3 cloud SaaS platform that offers cutting-edge APIs for building innovative products. The portal aims to provide developers with efficient software solutions to save time, money, and effort in creating Web3 applications. The solutions available on the platform have been thoroughly tested in 1inch’s products since 2019. The developer portal offers several key advantages for developers. First, it provides proven solutions that have been successfully implemented in 1inch‘s own products, including the 1inch Wallet and the 1inch dApp. The platform also guarantees reliability, with top Web3 players such as MetaMask, TrustWallet, and Ledger already integrating 1inch APIs. Additionally, the beta version ensures high availability with a 99% uptime service level agreement and offers low latency with quick response times. It also includes a well-organized dashboard with high-quality and reliable data, allowing developers to easily access documentation, advanced request stats, and information on major upgrades.
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⬜️ OKX Wallet Launches Staking-Like System For Bitcoin And BRC-20 Tokens
OKX has recently announced a new feature for its wallet that enables a staking-like function for tokens on Bitcoin and native bitcoin. This feature involves locking up bitcoin or BRC-20 tokens, which will then result in the user receiving BRC20-S tokens as rewards. These BRC20-S tokens are created through OKX’s extension to the current standard for building tokens on Bitcoin, known as the BRC20-S standard, which can be accessed through this link. As stated by the company’s Chief Innovation Officer Jason Lau, the introduction of the staking-like function was a response to the desire of OKX Wallet users to have more opportunities to participate in the ecosystem. This allows for greater engagement and involvement in the cryptocurrency community. OKX has also announced that DeFi developers and projects can use the BRC20-S protocol to create staking pools and subsequently distribute BRC20-S tokens to holders of bitcoin and BRC-20 tokens. This is a significant step in the realm of blockchain technology as it provides a new avenue for developers to create and distribute tokens.OKX has revealed that it will soon launch a marketplace for selling BRC20-S tokens.
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🟠 Binance Terminates Sponsorship Deal With Argentina Amid Falling Profit
Binance, the world’s largest cryptocurrency exchange, has terminated its sponsorship agreement with the reigning World Cup champion, Argentina. The unexpected move was announced on Twitter, stating that the exchange had ended its sponsorship of the Argentina football team. The sponsorship agreement between the exchange and Argentina was signed in early 2022 for a period of five years. The exact value of the agreement was not disclosed. As part of the deal, Binance’s logo was set to appear on the team’s training jerseys. The sponsorship deal itself was surrounded by controversy, as Binance competed with the Chiliz/Socios fan token issuance project to become the sponsor for the Argentina team, including star player Lionel Messi. Socios, feeling aggrieved, sued the Argentine Football Federation (AFA), seeking to be the sole fan token partner until 2026. In addition to the Argentina football team, the exchange sponsors other teams and issues fan tokens for S.S Lazio (Italy), FC Porto (Portugal), and Santos FC (Brazil). The exchange has also partnered with the Confederation of African Football to sponsor the 2021 Africa Cup of Nations (CAN) and collaborates with the F1 Alpine team. Binance’s NFT platform has partnered with Cristiano Ronaldo to release NFT collections for fans.
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🇺🇸 SEC Now Accepts Valkyrie’s Spot Bitcoin ETF Application
The U.S. Securities and Exchange Commission (SEC) has recently acknowledged the filing of Valkyrie’s spot Bitcoin (BTC) exchange-traded fund (ETF) application, marking another significant development in the pursuit of a Bitcoin ETF. Valkyrie’s proposal, outlined in an official filing on July 17, seeks a rule change to list and trade a spot Bitcoin ETF on Nasdaq. As part of the regulatory process, the SEC has opened a public comment period, allowing interested parties to provide feedback within 21 days after publication in the Federal Register. Eric Balchunas, a senior ETF analyst at Bloomberg, confirmed the acceptance of Valkyrie’s spot Bitcoin ETF application by the SEC. Notably, Valkyrie was the final applicant to submit a spot Bitcoin ETF proposal amid a recent surge of applications. Balchunas also highlighted that Valkyrie has chosen the ticker symbol “BRRR” for the Bitcoin ETF on the Nasdaq exchange. This move by the SEC to accept Valkyrie’s spot Bitcoin ETF application indicates a growing interest and recognition of the potential benefits of such investment products. Several prominent firms, including BlackRock, VanEck, Invesco, Fidelity, and WisdomTree, have also entered the race to secure SEC approval for their Bitcoin ETF proposals. The increased attention from major financial players highlights the growing acceptance and adoption of Bitcoin.
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💰 Binance Successfully Integrate BTC On Lightning Network To Improve Quality
Binance announced that they had completed the integration of Bitcoin (BTC) on Lightning Network, and Bitcoin (BTC) deposits and withdrawals are now open on Lightning Network. Binance’s plan to integrate Bitcoin Lightning Network marks a significant step forward in enhancing its services. Users can expect faster withdrawals and reduced fees, allowing for more seamless crypto transactions. Earlier, the world’s largest cryptocurrency exchange by trading volume announced plans to integrate the Bitcoin Lightning Network. Lightning Network is a second-layer solution for Bitcoin that allows for faster and cheaper transactions. It solves the scalability issues associated with the Bitcoin blockchain, allowing for more efficient transfers. It achieves this by creating payment channels between users, which are essentially off-chain channels for conducting transactions. These channels enable users to transact directly with each other without requiring every transaction to be recorded on the Bitcoin blockchain. Binance users will benefit from this integration, as it will reduce transaction execution times and lower transaction fees. Lightning Network has the potential to revolutionize the way users interact with cryptocurrencies, making the process smoother and more user-friendly.
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💰 Binance Restores Market Order Function For Spot and Margin Trading
Binance has announced the resumption of the “Market Order – Total” feature for impacted Spot and Margin trading pairs. This update brings good news to BNB users as they will now be able to utilize both the “Total” and “Slider for Amount Customization” features while placing market orders on any Spot or Margin trading pair. These features provide enhanced flexibility and customization options, enabling users to optimize their trading strategies. Starting from July 19, 2023, at 02:00 (UTC), users will once again have access to this important functionality. For API users, Binance has provided a convenient way to check the status of the “Market Order – Total” feature for a specific trading pair. By querying the api/v3/exchangeInfo, API users can retrieve information regarding the availability of the feature. If the query returns “quoteOrderQtyMarketAllowed: true,” it signifies that the “Market Order – Total” feature is once again active for that particular trading pair. This update is expected to enhance the trading experience for Binance users, allowing them to execute market orders more efficiently and with greater control. By reinstating the “Market Order – Total” feature, Binance demonstrates its commitment to meeting the needs and preferences of its user base.
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