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πŸš€ HUGE Week for Lava Network! πŸŒ‹

Exciting news, everyone! The Public Mainnet for Lava Network is planned soon and could launch anytime from Wednesday onwards. This is a monumental step in our journey! Let’s dive into what makes Lava Network a game-changer.

πŸ‘‰ https://x.com/pSquare_Daily/status/1815359421998149697
πŸ”” Joe Biden's Exit from Presidential Race Eliminates $67M in Crypto Long Positions Within 30 Minutes

➑️ Nearly $67 million in leveraged longs were liquidated after President Biden withdrew from the 2024 election. Bitcoin dropped to $65,880, then rebounded to $68,480, causing $34 million in short position losses. The recovery was driven by market dynamics and a large buy order.

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https://www.coinglass.com/LiquidationData
πŸ”” Fractal ID Data Breach Linked to 2022 Employee Password Reuse Hack

➑️ Fractal ID, a decentralized identity startup, reported a data breach affecting 6,300 customers. The breach occurred through a compromised employee account, with credentials stolen by the Raccoon Infostealer malware as early as 2022, according to Hudson Rock.

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https://x.com/Fractal_ID/status/1814257690127868387
πŸ”” Etherfuse, a Tokenization Platform, Secures Seed Funding with a $12.5 Million Valuation

➑️ Etherfuse, a real-world asset tokenization platform, raised $3 million in a seed round led by White Star Capital and North Island Ventures. Other investors include the Stellar Development Foundation and Solana Foundation's Anna Yuan. The funding round, which concluded in May, brings Etherfuse's total valuation to $12.5 million.

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https://x.com/etherfuse/status/1814735942114292008
πŸ”” CBOE Confirms Launch of VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton Spot Ethereum ETFs on July 23

➑️ On July 23, five spot Ethereum ETFs will begin trading on the Chicago Board Options Exchange, pending regulatory approval. The ETFs include offerings from 21Shares, Fidelity, Invesco Galaxy, VanEck, and Franklin. Issuers plan to waive or discount fees initially to attract investors, with analysts predicting significant net inflows in the coming months.

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https://www.cboe.com/us/equities/notices/new_listings/
πŸ”” Crypto Exchange Kraken Signs Sleeve Sponorship Deal With Premier League Club Spurs.

πŸ‘‰ Source

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πŸ”” In a recent interview, Donald Trump said the country needs to take the lead in cryptocurrency before China.

πŸ‘‰ Source

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πŸ”” dYdX v3 Compromised in Suspected DNS Attack

➑️ The dYdX exchange announced on July 23 that its version 3.0 website has been compromised. Users are advised to avoid visiting the V3 site or clicking any links. The version 4.0 on Cosmos remains secure and fully operational.

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https://x.com/dYdX/status/1815780835473129702
πŸ”” Spot Ethereum ETF Trading Officially Begins with Offerings from BlackRock, Grayscale, and Others

➑️ Ether ETFs began trading in the U.S. on Tuesday, offered by firms like BlackRock, Fidelity, and Grayscale. This marks a significant step in integrating digital assets into mainstream finance. While bitcoin ETFs have attracted about $17 billion since January, ether ETFs are expected to be smaller due to less investor familiarity. The ETFs don’t offer staking, and management fees range from 0.15% to 2.50%, with Grayscale converting its private ether fund into two ETFs with different fees.
πŸ”” Binance Labs has led an investment round for Pluto Studio, the GameFi publishing platform that launched Catizen.

➑️ Catizen is a gaming bot on Telegram that integrates Telegram with the TON blockchain. In just a few months, Catizen has grown its community to around 25 million players, around 1.5 million on-chain gamers, and over 500,000 paying users globally.

πŸ‘‰ https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-pluto-studio--the-publishing-platform-of-telegrambased-web3-game-catizen-346617774142878362?hl=en
πŸ”” BNB Foundation Completes 28th Quarterly Token Burn, Eliminates 1.6M BNB Worth $971M

➑️ The BNB Foundation has completed its 28th quarterly BNB token burn, eliminating 1,643,698.8 BNB worth approximately $971 million. This burn aims to gradually reduce the total supply to 100 million BNB, ensuring transparency and predictability through an Auto-Burn system.

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https://www.bnbchain.org/en/blog/28th-bnb-burn
πŸ”” U.S. Government Transfers 58.742 BTC Worth $3.96 Million to Coinbase Prime Deposit from Seized Dark Web Funds

➑️ The U.S. Government transferred 58.742 BTC, valued at approximately $3.96 million, to Coinbase Prime Deposit. These funds were part of the BTC seized from dark web drug dealer Ryan Farace. The U.S. Department of Justice had confiscated 2,933 BTC from Farace's family. Currently, the U.S. Government holds a total of 213,239 BTC, worth about $14.397 billion.

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https://platform.arkhamintelligence.com/explorer/address/3B2jEBZi8fJWGEDrh6Pe7hDMaJ6iGfFtaU
πŸ”” The New York Stock Exchange (NYSE) approves listing of Bitwise and Grayscale's Spot Ethereum ETFs

➑️ Analysts predict that trading will begin on July 23.

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πŸ”” MonoSwap Experiences Hack, Users Advised to Exercise Caution

➑️ MonoSwap announced on July 24 that it had been hacked and urged users to withdraw their funds immediately. The breach occurred after a developer installed a phishing application during a call with scammers posing as venture capitalists, giving hackers access to the platform’s wallets and contracts. MonoSwap is investigating the incident and seeking help from venture capitalists to recover.

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https://x.com/monoswapio/status/1816151998267547851
πŸ”” Franklin Templeton Considers Solana ETF Following Ethereum Success

➑️ Franklin Templeton, an early issuer of a spot Bitcoin ETF in the U.S., is optimistic about future cryptocurrency ETFs, including Solana. In a July 23 post, the firm highlighted Solana's adoption and technological advancements. The same day, Franklin Templeton launched its spot Ethereum ETF on the CBOE BZX exchange with a 0.19% fee, waived to 0% until January 31, 2025, for the first $10 billion in fund assets.

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https://x.com/FTI_DA/status/1815830495403626816
πŸ”” US Senator Pulls Back Support for Elizabeth Warren’s Anti-Crypto Bill

➑️ Republican Senator Roger Marshall has withdrawn his support for the Digital Asset Anti-Money Laundering Act, which he co-created with Democrat Senator Elizabeth Warren in 2022. This leaves 18 senators still backing the bill, which aims to regulate the crypto industry under existing anti-money laundering laws. The bill has faced criticism for exaggerating crypto's role in illicit activities and potentially harming the U.S. crypto industry.

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https://www.congress.gov/bill/118th-congress/senate-bill/2669/cosponsors
πŸ”” Binance.US to Delist TrueUSD (TUSD) on 30 July

➑️ Binance.US will delist TrueUSD (TUSD) as part of its regular review process for digital assets. Deposits for TUSD will close on July 30, 2024, at 2:00 a.m. UTC, and trading will end on July 31, 2024, at 3:00 a.m. UTC. Withdrawals will remain open until further notice.

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https://support.binance.us/hc/en-us/articles/25143697191447-Binance-US-Will-Delist-TrueUSD-TUSD-on-July-30-2024
πŸ”” Solana Protocol Solend Renames to β€˜Save’, Unveils New Stablecoin and Token

➑️ The Solend protocol on Solana has rebranded to Save and introduced new features: SUSD, a 0% interest stablecoin, saveSOL, a liquid staking token, and dumpy.fun, a memecoin shorting platform. Save aims for rapid growth through the deep integration of SUSD into its protocol.

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https://blog.save.finance/solend-is-now-save-c8a204ce5ea5?gi=0d560f985e29
πŸ”” Marathon Purchases $100M in Bitcoin, Returns to 'Full HODL' Strategy

➑️ Marathon Digital Holdings has acquired $100 million worth of Bitcoin over the past month, planning to "HODL" as a strategic treasury reserve asset, according to CEO Fred Thiel.

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https://x.com/fgthiel/status/1816445977059868780
πŸ”” Revolut Secures UK Banking License, Embracing Crypto-Friendly Status

➑️ Revolut has obtained a U.K. banking license after a three-year wait, entering the mobilization stage with the Prudential Regulatory Authority. This move sets it up to become a full bank and offer crypto services. The fintech giant, valued at $45 billion, also plans to sell $500 million in employee-owned shares.

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https://www.revolut.com/news/revolut_receives_uk_banking_licence/