🔔 WazirX's July 27th poll on fund recovery after a major hack faces criticism for being misleading and potentially illegal.

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🔔 At Bitcoin 2024, Ron Paul Advocates for Bitcoin as Future of Financial Liberty.

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🔔 Citron Founder Denies Fraud Allegations in Short Selling Case

➡️ Andrew Left, founder of Citron Research, has pleaded not guilty to securities fraud charges. A Los Angeles federal court set a $4 million unsecured bond and a $1 million collateralized bond, which Left must post by August 5. Deemed a flight risk due to his substantial assets, Left was ordered to surrender his passport and faces restrictions on large financial transactions and trading activities.

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https://www.bloomberg.com/news/articles/2024-07-30/andrew-left-pleads-not-guilty-setting-up-fight-over-short-sales

🔔 Donald Trump has once again expressed his strong support for the cryptocurrency industry.Trump stated that his first action as President would be to remove Gary Gensler.

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🔔 Russia Considers Legalizing Crypto for International Payments

➡️ Russia is set to legalize cryptocurrency for international payments amid Western sanctions. The State Duma will review a law allowing crypto settlements, with approval expected soon. Russia's central bank aims to start crypto-based cross-border payments by the end of 2024, reversing its previous stance against crypto.

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https://www.cnbc.com/2024/07/30/russia-considers-legalizing-crypto-as-a-form-of-payment-amid-sanctions.html

🔔 Binance Labs announces four projects for Seventh Season Incubation

➡️ Projects include:

🔸Astherus: A liquidity hub for staked assets such as liquid staking tokens (LSTs) and liquid restaking tokens (LRTs).

🔸CYCLE NETWORK: A universal, secure and verifiable chain abstraction that offers a bridgeless aggregate liquidity network for all blockchains, whether L1s, L2s, EVMs, or non-EVMs.

🔸DILL: The most scalable data availability network, fully compatible with the Danksharding roadmap.

🔸EigenExplorer: EigenLayer's first native DeFi protocol.

👉 https://x.com/BinanceLabs/status/1818209794521702754?t=wDif2XSPg7eGvhxvLDtamg&s=19

🔔 Binance Labs invests in aPriori

➡️ Binance Labs has invested in aPriori, a project focused on MEV-powered liquid staking solutions on the Monad network.

➡️ aPriori’s mission is to decentralize Monad’s network and enhance the user experience by reducing gas fees, optimizing network traffic, and driving sustainable incentives for validators.

👉 https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-apriori-through-its-incubation-program-to-advance-mevpowered-liquid-staking-5476395444355527254

🔔 SEC Accuses Nader Al-Naji of Fraud and Unregistered Crypto Asset Securities Offering

➡️ The SEC has charged Nader Al-Naji with a multi-million-dollar crypto fraud involving BitClout. Al-Naji raised over $257 million through unregistered sales, misled investors, and used $7 million for personal expenses. He falsely claimed BitClout was decentralized, using the pseudonym "Diamondhands." The SEC and the U.S. Attorney’s Office for the Southern District of New York have filed charges against him.

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https://www.sec.gov/newsroom/press-releases/2024-91

🔔 Starknet-Based ZKX Protocol Shuts Down Due to Lack of Users

➡️ The ZKX Protocol, a social derivatives trading platform on Starknet, has shut down due to a lack of economic viability. Founder Eduard Jubany Tur cited minimal user engagement, reduced trading volumes, and insufficient daily revenue to cover server expenses as reasons for the closure.

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https://x.com/0xeduard/status/1818206251089551810

🔔 UAE Residents Gain Ability to Trade Crypto Directly via Bank Accounts

➡️ Crypto exchange M2 has launched a new feature allowing UAE residents to buy and sell Bitcoin and Ether directly with dirhams. The integration supports trading and transactions between local currency and cryptocurrencies, enhancing accessibility and bridging traditional finance with virtual assets.

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https://cointelegraph.com/news/m2-exchange-uae-aed-to-crypto

🔔 The Bahamas Takes a New Crypto Law Step 1.5 Years After FTX Collapse

➡️ The Bahamas has passed the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), enhancing regulations for digital assets and cryptocurrency markets. This law builds on the 2020 DARE Act, introducing stricter investor protections, disclosure requirements, and a stablecoin framework while prohibiting algorithmic stablecoins. It aims to address challenges and restore confidence in the Bahamas' financial sector following the FTX collapse in 2022.

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https://www.scb.gov.bs/wp-content/uploads/2024/07/Media-Release-The-Bahamas-Introduces-Transformative-Digital-Asset-Legislation-The-DARE-Act-2024.pdf

🔔 Bybit Launches Indian Digital Rupee CBDC Payment Option

➡️ Bybit has added digital rupee (e-rupee) payments to its platform, enhancing security for Indian rupee transactions. This wallet-based option joins existing payment methods and aims to improve user trust and attract more merchants. The e-rupee, part of India's CBDC pilot, is currently used for peer-to-peer crypto transactions on Bybit.

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https://www.prnewswire.com/news-releases/bybit-introduces-digital-rupee-erupee-as-the-new-and-secure-inr-payment-method-302209775.html

🔔 Convergence Hacked for $210K via Smart Contract Exploit

➡️ On August 1, Convergence suffered a smart contract exploit, leading to the minting and sale of $210K in CVG tokens. The attacker also stole $2,000 in unclaimed staking rewards. The CVG token's value plummeted to $0.0004 following the attack.

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https://medium.com/@cvg_wireshark/post-mortem-08-01-2024-e80a49d108a0

🔔 Daily US Bitcoin ETFs Net Flow Analysis (As of August 01, 2024)

🔔 Ark Invest Sells $6.9 Million in Spot Bitcoin ETF and Increases Coinbase Share Sales

➡️ On August 1, Ark Invest sold 108,751 shares of its ARKB Bitcoin ETF and reduced its holdings in Coinbase by offloading 31,517 shares from ARKW and 37,552 shares from ARKF. The ARKB ETF saw $22.4 million in net outflows, despite overall inflows into spot Bitcoin ETFs.

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https://www.theblock.co/post/309080/ark-invest-bitcoin-etf-arkb-coinbase-coin

🔔 Donald Trump launches limited edition Bitcoin sneakers

➡️ Each pair is numbered and can be purchased with Bitcoin or your favorite cryptocurrency.

➡️ Trump’s “Crypto President High Tops” in orange are available for pre-order at $499, while a black pair of BTC-themed high tops can be pre-ordered for $299.

👉 https://news.bitcoin.com/crypto-president-high-tops-trump-reveals-limited-edition-bitcoin-sneakers/

🔔 Morgan Stanley to Permit Wealth Advisors to Recommend Bitcoin ETFs to Certain Clients: CNBC

➡️ Morgan Stanley will allow its financial advisors to offer spot bitcoin ETFs, specifically BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund, starting August 7. This marks a first among major Wall Street banks, allowing select clients to invest in these bitcoin ETFs.

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https://www.cnbc.com/2024/08/02/morgan-stanley-wealth-advisors-bitcoin-etfs.html

🔔 El Salvador has proposed using cryptocurrency as an alternative payment method for trade with Russia.

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🔔 Tether Holdings Limited reported a record-breaking net profit of $5.2 billion for the first half of 2024, according to its latest assurance opinion for the second quarter.

👉 https://tether.io/news/tether-q2-2024-attestation-reports-record-breaking-5-2-billion-profit-in-first-half-of-2024-highest-treasury-bill-ownership-ever-largest-ever-group-consolidated-equity-at-almost-12-billion/

🔔 Hong Kong’s largest online brokerage, Futu Securities International, has launched cryptocurrency trading for its 22 million customers.

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🔔 Cypherpunk Holdings purchased an additional 23,000 solana tokens bringing its total to 86,294 SOL worth $21.6 million, a few months after making its initial investment.

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