Axie Infinity Hosts World Championship With $1 Million AXS Prize

On July 1, Axie Infinity announced that it had started selling tickets for AxieCon, the first-ever P2E gaming conference, held in Barcelona (Spain) from September 7 until September 10, 2022.

Game developer Sky Mavis announced AxieCoin is a place where Axie Infinity game lovers can gather and share the project with the mission, vision, and development roadmap in the near future....

πŸ“ Details: https://news.coincu.com/105163-axie-infinity-hosts-world-championship/

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Crema Finance On Solana Was Hacked, Losses Amounted To $8.7 Million

Security has always been a sore point for Defi projects with a lot of attacks. Crema Finance – the liquidity aggregator platform on Solana has recently become a victim of hackers when attacked. The initial amount of damage was estimated at $8.7 million...

πŸ“ Details: https://news.coincu.com/105295-crema-finance-hacked-losse-8-7-million/

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The Central African Republic Launches Of Its Own Cryptocurrency, Sango Coin

Two months after the decision to use Bitcoin as an official currency, the Central African Republic launched Project Sango to develop its own digital currency despite the fact that many cryptocurrency platforms are facing the risk of bankruptcy...

πŸ“ Details: https://news.coincu.com/105304-central-african-republic-sango-coin/

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πŸ“‘πŸ”₯MARKET NEWS TUESDAY JULY 05, 2022 πŸ”₯πŸ“‘

πŸ”Ž Market stats:
β€’ Market Cap: $951B (+5.2%)
β€’ 24h volume: $85B (+41.24%)
β€’ In the past 24 hours , 43.528 traders were liquidated , the total liquidations comes in at $152.93 million (87.56%Short)
The largest single liquidation order happened on Okex - ETH-USDT-SWAP value $1.63M

😨 Fear & Greed Index
β€’ Now 19 Extreme Fear
β€’ Yesterday 14 Extreme Fear
β€’ Last week 10 Extreme Fear
β€’ Last month 10 Extreme Fear

πŸ”°Top trending (CMC)
πŸ₯‡Terra Classic $LUNC -6.27%
πŸ₯ˆSTEPN $GMT +18.27%
πŸ₯‰Shiba Inu $SHIB +7.18%

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Indian crypto trading volumes slump following hefty taxes

Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country.

The Tax Deducted at Source (TDS) came into effect on July 1 and appears to have negatively affected traders as exchange volumes dropped from 37.4% on BitBNS and 90.9% on CoinDCX by July 3. Volumes have stabilized slightly since hitting lows but are still down 56.8% on average, according to CoinGecko.y...

πŸ“ Details: https://cointelegraph.com/news/indian-crypto-trading-volumes-slump-following-hefty-taxes
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DUBAI IS PREPARING TO BRING ITS GOVERNMENT INTO THE METAVERSE

According to reports, the Dubai government is preparing to make some of its offices available in the metaverse. The country is currently looking for third parties to help it organize the transition of some of its departments to the virtual world, according to statements made at the metaverse event by Sharad Agarwal, director of Cybergear...


πŸ“ Details: https://coin-signal.com/cryptonews/dubai-is-preparing-to-bring-its-government-into-the-metaverse/

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[Weekly Highlights] TOP 10 TRENDING COINS CMC IN THE LAST 7 DAYS

Which token you are interested in? πŸ‘€

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Crypto broker Voyager Digital files for Chapter 11 bankruptcy

Voyager Digital has filed for Chapter 11 chapter in New York, in keeping with a court docket submitting from the crypto dealer.

Per the petition for Voyager Digital Holdings, estimated belongings are between $1 billion and $10 billion, with between $1 billion and $10 billion in estimated liabilities. The estimated variety of collectors exceeds 100,000...


πŸ“ Details: https://www.cryptoworldheadline.com/crypto-broker-voyager-digital-files-for-chapter-11-bankruptcy-crypto-world-headline/

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MakerDAO Voting On Collaborating With A Traditional Bank

MakerDAO could expand its reach closer to the traditional financial space if its proposed integration with a Pennsylvania-based bank is passed this week.

Specifically, MakerDAO is voting on a proposal that would bring a traditional bank into the ecosystem for the first time, allowing the bank to borrow against its assets using features available in DeFi. The proposal involves creating a fund of 100 million DAI for Huntingdon Valley Bank (HVB)...


πŸ“ Details: https://news.coincu.com/106090-makerdao-traditional-bank/

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Core Scientific sold $167M worth of Bitcoin holdings in June

United States-based cryptocurrency mining firm Core Scientific sold more than 7,000 Bitcoin in June to pay for servers, increase its data capacity, and settle debts. The sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31...

πŸ“ Details: https://cointelegraph.com/news/core-scientific-sold-167m-worth-of-bitcoin-holdings-in-june

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[Vista Deep Dives] TOP 10 BLOCKCHAINS BY TOTAL VALUE LOCKED (TVL)

Volatility of Layer 1 Blockchain by TVL 30D

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Binance Launches Zero-Fee Bitcoin Trading

To celebrate Binance’s fifth anniversary, Binance will introduce zero-fee trading for BTC spot trading pairs at 2022-07-08 14:00 (UTC). The zero-fee trading will cover the following 13 spot trading pairs: BTC/AUD, BTC/BIDR, BTC/BRL, BTC/BUSD, BTC/EUR, BTC/GBP, BTC/RUB, BTC/TRY, BTC/TUSD, BTC/UAH, BTC/USDC, BTC/USDP and BTC/USDT...

πŸ“ Details: https://cryptonews.net/news/market/8981737/

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πŸ“‘πŸ”₯MARKET NEWS THURSDAY JULY 07, 2022 πŸ”₯πŸ“‘

πŸ”Ž Market stats:
β€’ Market Cap: $959B (+1.3%)
β€’ 24h volume: $86B (-16.27%)
β€’ In the past 24 hours , 29.571 traders were liquidated , the total liquidations comes in at $106.08 million (64.95%Short)
The largest single liquidation order happened on Binance - BTCUSDT value $1.34M

😨 Fear & Greed Index
β€’ Now 18 Extreme Fear
β€’ Yesterday 18 Extreme Fear
β€’ Last week 11 Extreme Fear
β€’ Last month 15 Extreme Fear

πŸ”°Top trending (CMC)
πŸ₯‡Bitcoin $BTC +1,23%
πŸ₯ˆEthereum $ETH +3.51%
πŸ₯‰Shiba Inu $SHIB +1.43%

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All aboard! Elon Musk's Vegas Loop now taking Dogecoin payments

Elon Musk’s tunnel construction firm The Boring Company (TBC) has begun allowing customers to pay for rides on its Las Vegas transit system using Dogecoin...

πŸ“ Details:https://cointelegraph.com/news/all-aboard-elon-musk-s-vegas-loop-now-taking-dogecoin-payments

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Solana’s SOL token is an unregistered security whose insiders have benefitted while retail suffered, the suit alleged...

πŸ“ Details: https://www.coindesk.com/policy/2022/07/06/solana-labs-multicoin-accused-of-violating-securities-law-by-sol-investor/?fbclid=IwAR3ysG4lnbk5iFidjwRsVjU6D7qV8nchClUyjjsvebsg2xGjPycf-61tQac

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Shiba Inu Plans to Launch Stablecoin, Reward Token, Collectible Card Game...

πŸ“ Details: https://www.coindesk.com/markets/2022/07/06/shiba-inu-plans-to-launch-stablecoin-reward-token-collectible-card-game/

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Sam Bankman-Fried's Alameda Research Owes Bankrupt Voyager $377M

The crypto trading firm founded by SBF is Voyager Digital's second-largest borrower after Three Arrows Capital, according to a Chapter 11 bankruptcy filing.

πŸ“ Details: https://decrypt.co/104570/sam-bankman-fried-alameda-research-bankrupt-voyager-377m

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The Crema Finance team awarded the hacker who made off with nearly $10 million in funds from the protocol 16.7% of the stolen funds as a white hat bounty.

The hacker who exploited Solana-based liquidity protocol Crema Finance on July 2 returned most of the funds but was allowed to keep $1.6 million as a white hat bounty...

πŸ“ Details: https://cointelegraph.com/news/crema-hacker-returns-8m-keeps-1-6m-in-deal-with-protocol

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πŸ“‘πŸ”₯MARKET NEWS FRIDAY JULY 08, 2022 πŸ”₯πŸ“‘

πŸ”Ž Market stats:
β€’ Market Cap: $1,012B (+5.1%)
β€’ 24h volume: $92B (+11.32%)
β€’ In the past 24 hours , 54.567 traders were liquidated , the total liquidations comes in at $244.16 million (85.08%Short)
The largest single liquidation order happened on Huobi - BTC-USD value $3.68M

😨 Fear & Greed Index
β€’ Now 20 Extreme Fear
β€’ Yesterday 18 Extreme Fear
β€’ Last week 11 Extreme Fear
β€’ Last month 17 Extreme Fear

πŸ”°Top trending (CMC)
πŸ₯‡Ethereum $ETH +6.17%
πŸ₯ˆShiba Inu $SHIB +7.81%
πŸ₯‰Terra Classic $LUNC +2.44%

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On Thursday, it fully repaid a loan on Maker, one of the biggest decentralized finance (DeFi) platforms in the crypto world, and it was able to reclaim $440 million in collateral.

According to on-chain data, a wallet associated with Celsius paid back the remaining $41.2 million of the loan in DAI, the stablecoin for the Maker system...

πŸ“ Details: https://coinpedia.org/news/celsius-network-claims-440-million-in-collateral-pays-off-debts/

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Celsius encountered FUD again when he was accused by his former partner of many acts of fraud and of a Ponzi scheme after having just experienced a β€œnearly” liquidation event.

Jason Stone, the head of KeyFi Inc., is the one who filed a lawsuit against Celsius in a New York court (USA). Mr. Stone stated that from August 2020 to April 2021, he and the KeyFi team managed 0xb1, an investment management unit that was acquired by Celsius to build monetization strategies in the crypto...

πŸ“ Details: https://news.coincu.com/106803-celsius-accused-being-a-ponzi-project/

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