Binance Labs led the seed funding round of Lifeform, a decentralized visual digital identity (DID) solution provider.

https://www.binance.com/en/blog/ecosystem/binance-labs-leads-a-funding-round-for-lifeform-to-support-web3-digital-citizenship-734476354445105250

Michael Saylor will stepp down as CEO of MicroStrategy and will assume the new role of Executive Chairman on August 8.

https://www.microstrategy.com/en/investor-relations/press/microstrategy-announces-separation-of-chairman-and-ceo-roles-and-second-quarter-2022-financial-results

Here is our Crypto Daily Review.

Today's highlights:
- The market is neutral. Bitcoin is trading at $22,994
- Over 8,000 Solana wallets are hacked for $10M+
- Michael Saylor to transition from CEO to Executive Chairman of MicroStrategy
- Robinhood’s crypto unit fined $30M for AML violations

Have a nice day! ☀️

Binance Futures will launch BUSD-margined AUCTION and UNI perpetual contracts with up to 20x leverage on 2022-08-05 02:45 UTC and 2022-08-05 03:00 UTC respectively.

https://www.binance.com/en/support/announcement/1856a69c25db4881a3fc6e214e8bb729

According to PeckShield, $9 million has been returned to Nomad.

https://twitter.com/peckshieldalert/status/1554753367930392577

According to Robinhood CEO Vlad Tenev, Robinhood is reducing its headcount by approximately 23% due to deterioration of the macro environment.

https://blog.robinhood.com/news/2022/8/2/a-message-from-our-ceo-and-co-founder-vlad-tenev

Crypto venture capital firm Hashed lost more than $3 billion from its investment in the Terra ecosystem's luna token following its crash in early May, Hashed CEO and managing partner Simon Seojoon Kim has confirmed.

https://www.theblock.co/post/161168/crypto-vc-hashed-confirms-luna-loss-3-billion

Waves, a blockchain used to create custom crypto tokens, will implement a user-approved plan to navigate the liquidity crisis on its primary lending platform, Vires.Finance.

More than three-quarters of Waves’ governance token holders voted in favor of the “DeFi Revival Plan,” which allows account holders with balances of more than $250,000 (in both USDT and USDC stablecoins) to choose whether to withdraw their money from Vires.Finance or keep their funds on the platform until market conditions improve.

The early April de-pegging of its Waves-based USDN (USD neutrino) wiped out nearly $200 million in USDN market capitalization, leading to a prolonged bank run that triggered the platform’s liquidity crisis.

https://www.coindesk.com/business/2022/08/02/lending-platform-viresfinance-gets-go-ahead-to-implement-repayment-plan-amid-liquidity-crisis/

GitHub faced a widespread malware attack.

Over 35k repositories are infected.

https://twitter.com/stephenlacy/status/1554697077430505473

Arnault-backed VC firm Aglaé Ventures to launch €100 million ($102 million) web3 fund.

https://www.theblock.co/post/161177/aglae-ventures-web3-fund

According to Solana co-founder, the theft of funds from ~8,000 users is related to Slope wallet: "So far seems like phantom users also used slope. So seems more likely that this is a slope specific bug."

https://twitter.com/aeyakovenko/status/1554745536741138433

ZB exchange's hot wallet has been hacked for $4.8 million.

https://twitter.com/peckshield/status/1554849892153131011

Coinbase will add support for Stargate Finance (STG) and League of Kingdoms Area (LOKA) on the Ethereum network (ERC-20 token).

Inbound transfers for this asset are available on Coinbase and Coinbase Pro in the regions where trading is supported.

Trading will begin on or after 16:00 UTC on 4 August 2022, if liquidity conditions are met.

https://twitter.com/coinbaseassets/status/1554868200269139970

Starbucks will unveil its web3 initiative, which includes coffee-themed NFTs, at next month’s Investor Day event on September 13, 2022.

https://techcrunch.com/2022/08/03/starbucks-to-unveil-its-web3-based-rewards-program-next-month/

Here is our Crypto Daily Review.

Today's highlights:
- The market is neutral. Bitcoin is trading at $23,014
- Tether printed another 1,000,000,000 USDT
- Crypto exchange ZB has reportedly been exploited for over $4.8 million.
- Starbucks to unveil Web3 rewards program and NFTs at Sept. 13 Investor day event

Have a nice day! ☀️

Binance will delist EZ, QSP, BRD, NXS, NAV, MDA and SPARTA at 2022-08-11 09:00 UTC.

https://www.binance.com/en/support/announcement/d5f079935fda4abfb4a5636f01984ec2

Bounce has announced that the beta version of its Metaverse Center is live.

https://twitter.com/bounce_finance/status/1554851096950198274

Coinbase is partnering with BlackRock, an asset manager, to provide institutional clients of Aladdin, BlackRock’s end-to-end investment management platform, with direct access to crypto, starting with bitcoin, through connectivity with Coinbase Prime.

https://blog.coinbase.com/coinbase-selected-by-blackrock-provide-aladdin-clients-access-to-crypto-trading-and-custody-via-b9e7144f313d

Fairfax County Pension Fund Invests $70M in Crypto Yield Farming Funds.

https://www.coindesk.com/business/2022/08/04/fairfax-county-pension-fund-invests-70m-in-crypto-yield-farming-funds-report/

Franck Muller, a Swiss watch manufacturer, accepts BNB payment for their watches, according to Binance CEO.

https://twitter.com/cz_binance/status/1554927106542501889

Volare Finance, a provider of option trading, has attracted an investment of $6 million in a private round.

Investors: Arrington Capital, Ava Labs, Bixin Ventures, Blizzard Fund, CRT Labs, DWeb3 Capital, Exnetwork Capital, GSR Markets, Hailstone Ventures, Huobi Ventures, IOBC Capital, Moonrock Capital, ORACLES INVESTMENT GROUP (OIG), PrimeBlock Ventures, Parataxis Capital, Richard Dai, ViaBTC Capital, and Waterdrip Capital.

https://medium.com/@Volarefinance/volare-finance-raises-over-6-million-in-private-round-backed-by-dcg-ava-labs-etc-f996ff6fac59