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Ripple Co-Founder Chris Larsen Leads $10 Million Round for DeFi Protocol Yellow Network Yellow Network, a decentralized clearing network for digital assets, has closed a $10 million seed round led by Ripple co-founder Chris Larsen. The company said it'll use the fund to help the company address key challenges in decentralized finance (DeFi) trading, including liquidity fragmentation, scalability, and counterparty risks.

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US crypto firms ramp up lobbying efforts, expenditures up 1386% over 7 years A recent study has revealed that US crypto companies have significantly increased their lobbying efforts, with expenditures rising by 1386% from 2017 to 2023. According to data compiled by Social Capital Markets, crypto firms spent $40.42 million lobbying for regulatory changes during 2023 alone, signaling the growing importance of government relations in the industry.

Binance CEO Addresses Allegations of the Exchange Seizing All Palestinian Funds The CEO of Binance has responded to allegations that the cryptocurrency exchange seized all funds from Palestinians at the request of the Israeli Defense Forces. Ray Youssef, CEO of Noones, criticized Binance, accusing it of yielding to external pressures and engaging in discriminatory practices. He called for a boycott of Binance and supported platforms that prioritize user privacy and autonomy.

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Coinbase to support Polygon token upgrade from MATIC to POL Crypto exchange Coinbase said it would support the Ethereum layer-2 network Polygon planned token upgrade from MATIC tokens to the new Polygon Ecosystem Token (POL). During the migration, sending and receiving MATIC on the Polygon network will be disabled between Aug. 26 and Sept. 10. This measure aims to ensure a smooth transition from MATIC to POL.

💰 75% of all Bitcoin has been hodled for over 6 months Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn't been sold or moved for the last six months.

LI.FI integrates ThorChain for native Bitcoin swaps with EVM chains LI.FI, a cross-chain liquidity solutions provider, has integrated ThorChain to support native Bitcoin (BTC) swaps. This integration, powered by SwapKit, allows users to exchange native Bitcoin with assets on EVM chains directly within their wallets and applications. The move simplifies Bitcoin accessibility for users primarily holding assets on EVM chains. LI.FI’s integration with ThorChain eliminates the friction in purchasing BTC, enabling users to buy native BTC directly within their preferred wallets and applications. This development also brings ThorChain support to EVM chains, adding to LI.FI’s extensive list of supported bridges. The integration offers wallets, DeFi platforms, and enterprise applications the opportunity to enhance their offerings by providing users with a secure and easy way to buy BTC or swap between it and other assets on EVM chains.

JPMorgan says bitcoin rebound supported by institutional investors On Monday, the cryptocurrency markets faced their sharpest correction since the FTX crisis, with bitcoin's price dropping over 15% before rebounding. According to JPMorgan analysts, this recovery was primarily supported by institutional investors, who showed limited to no de-risking in bitcoin futures despite the broader market turmoil. There are several reasons for institutional investors to remain optimistic, according to the analysts. Last week, Morgan Stanley allowed its wealth advisors to recommend spot bitcoin exchange-traded funds to some of their clients.

DeFi platform DTX Exchange raises 1.2m, praised for revenue model DTX Exchange has announced that it has raised over $1.2 million in its presale. With impressive features and a hybrid trading method, DTX is gaining considerable attention from the crypto community. DTX’s long-term potential stands out in the crypto market. Amid the general downturn of the market, DTX Exchange (DTX) maintains its advantage over memecoins’ hype-driven tokenomics.

🇺🇸 US government-associated crypto wallet transfers $2 billion of DOJ-seized bitcoin: Arkham data A wallet labeled as belonging to the U.S. government transferred $2 billion worth of bitcoin to an unidentified wallet on Monday, according to Arkham Intelligence data. The nearly 28,000 BTC, valued at over $2 billion, appears to be tied to funds the U.S. Department of Justice previously confiscated from the now-defunct dark web market Silk Road. Late last year, a U.S. appeals court finalized a mandate that formalized the forfeiture of 69,370 of bitcoin and other crypto connected to Silk Road.

Mocaverse NFT Project Partners With TON To Bring Masses Into Web3 Mocaverse, a non-fungible token collection from the game software company and venture capital company Animoca Brands, has signed a strategic partnership with Ton Blockchain to bring the masses into the nascent web3 space. In this article, we shall assess the new collaboration in more detail. In a July 22 blog post, Mocaverse confirmed inking a strategic partnership with Ton Blockchain to grow the interoperable consumer network. Mocaverse and Ton Blockchain anticipate driving true consumer crypto and non-fungible token adoption jointly.

Japan's Metaplanet buys additional $1.2 million worth of bitcoin, shares surge 26% Japanese investment firm Metaplanet Inc. saw its stock price jump 25.8% during the Tuesday morning session after announcing that it has purchased additional bitcoin worth about $1.26 million. The Tokyo-listed company disclosed today that it bought an additional 200 million yen worth of bitcoin, or 21.877. That brings its total bitcoin holdings to 225.611 BTC, or about 2.25 billion yen ($14.2 million).

Bitcoin miner Bitfarms sets vote date on Riot's attempted takeover step Bitcoin miner Bitfarms has set Oct. 29, 2024, as the date for a special meeting of its shareholders to vote on reconstituting its board of directors following Riot Platforms’ requisition for the meeting on June 24. Bitfarms shareholders as of the record date of Sept. 26, 2024, are entitled to vote at the meeting, the firm said in a statement on Friday, but are not required to take any action at this time.

Metaverse to Supercharge Upcoming Industrial Revolution: World Economic Forum The metaverse technology, that creates hyper-realistic virtual ecosystems, is grabbing the attention from the manufacturing sector in the US. This detail has been disclosed in a recent report published by the World Economic Forum (WEF). The metaverse is poised to supercharge the upcoming phase of the industrial revolution, the report says. Compatible with cryptocurrencies and NFTs, the metaverse technology can provide virtual destinations for people to visit as avatars.

💎 Playing and claiming rewards from the P2E game Bears Rumble ICO ⚡️ Bears Rumble ICO is an exciting P2E game in which we will have to play as a bear and with the help of alien technology to overcome the game obstacles by completing quests. The project has CERTIK certification. Later game assets will turn into NFTs, which we will be able to exchange and sell, with 20% of our tokens to drop our players. ⭐️ The project has not been released yet, the presale is planned in 3.5 months, so now you can join us on our social networks to become early users and participate in our activities. Subscribe to Telegram, Discord and keep an eye on our Official website.

💰 Bitcoin suffers fifth largest realized loss since FTX collapse amid Mt. Gox panic Bitcoin’s recent price dip to around $54,000 has triggered one of the largest realized losses since the FTX collapse, specifically the fifth biggest realized loss since. This significant sell-off is primarily attributed to panic selling spurred by news related to Mt. Gox. On July 5, within a one-hour resolution, Bitcoin’s aggregated realized loss soared to $814 million. $587 million of these losses were incurred by short-term holders who had held Bitcoin for one to three months.

Starknet allocates additional 50 million STRK to DeFi program The Starknet Foundation has announced an additional 50 million STRK allocation to its DeFi Spring program, according to details published on Monday. DeFi Spring 2.0 is Starknet Foundation’s new commitment to growing the decentralized finance (DeFi) ecosystem of Starknet, an Ethereum Layer-2 rollup ecosystem.

🖼 NFTS IN VIDEO GAMES THE FUTURE OF IN-GAME ASSETS AND COLLECTIBLES Non-fungible tokens (NFTs) have gained significant attention in recent years, particularly in the art and entertainment industries. However, their potential impact on video games is arguably even more transformative. As digital assets that represent ownership and authenticity, NFTs offer a new way for gamers to own, trade, and monetize in-game items and collectibles. This article explores the role of NFTs in video games, the benefits and challenges, and what players can do to prepare.

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1inch partners with Blockaid to combat DeFi fraud and cyber threats Decentralized finance (DeFi) platform 1inch announced a collaboration with Web3 security provider Blockaid to upgrade security measures within its ecosystem. On June 20, 1inch Network revealed its aim of identifying and preventing fraudulent activities like phishing scams and hacks. In an announcement, the DeFi platform highlighted that Blockaid’s security features, which simulate transactions before execution, will play an integral role in enhancing DeFi security.

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NFL Rivals surpasses $1 million monthly NFT trading volume for the first time According to data from Cryptoslam, it took 32 days for the mobile sports game to move from $4 million to $5 million and 27 days to move from $5 million to $6 milllion, demonstrating an acceleration of activity, despite American Football being in its off-season until the 2025 season starts on 5th September. Five days faster than the period of time it took to accumulate the last $1 million-worth of NFT trading volume, NFL Rivals has broken $6 million in lifetime trading volume.

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Uniswap Foundation postpones vote on incentives The Uniswap Foundation — the organization overseeing the decentralized exchange Uniswap — has postponed May 31’s highly anticipated vote on UNI staking and delegation rewards. The foundation announced on X that it postponed the vote due to a concern raised by a stakeholder. This prompted a more thorough review and examination of the proposal, leading to a delay in the decision-making process.

Enjin Launches Quick Wallet to Simplify NFT Claims Enjin, a proof-of-stake dual-layer chain, has introduced Quick Wallet to simplify access to the web3 ecosystem, specifically for claiming Enjin Beam NFTs. This initiative aims to lower barriers to entry by offering users the ability to claim NFTs via email or a securely generated code, without initially needing the Enjin Wallet. This feature expands the audience to users encountering web3 for the first time and accommodates those with minimal exposure with the ecosystem.

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SEC approves 8 Ethereum ETFs including BlackRock and Fidelity The U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs in an ominbus order, confirming a last-minute scramble to get them through. The SEC approved 19b-4 forms for the ETFs from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. While the forms have been approved, the ETF issuers need to have their S-1 registration statements go effective before trading can begin.

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Franklin Templeton CEO says all ETFs and mutual funds will be on blockchain Jenny Johnson, the president and CEO of Franklin Templeton, a financial firm with $1.6 trillion in assets under management, recently reiterated her pro-blockchain stance during an interview with Bloomberg anchor David Westland during the 27th Annual Milken Institute Global Conference in California. Among the hot topics discussed by the two, Johnson had plenty to say on tokenization and generative artificial intelligence.