🔔 CFTC Issues Subpoena to Ben ‘BitBoy’ Armstrong’s Former Company in Fraud Investigation, Focuses on Token Activities

➡️ The CFTC is investigating potential fraud involving 15 tokens, including BEN. The agency subpoenaed Hit Network on July 16, seeking details on trading and wallets. The probe follows content featuring these tokens by BitBoy Crypto’s Ben Armstrong, though Armstrong is not specifically mentioned in the subpoena.

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https://www.theblock.co/post/309213/cftc-subpoenas-ben-bitboy-armstrongs-former-company-in-fraud-investigation-asks-about-activity-for-tokens-such-as-ben

🔔 Crypto Lender Genesis Finalizes Restructuring and Starts Payouts

➡️ Crypto lender Genesis Global has finished its bankruptcy restructuring, distributing around $4 billion to creditors. Bitcoin creditors will recover 51.28%, Ether creditors 65.87%, and Solana creditors 29.58% of their claims.

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https://www.bloomberg.com/news/articles/2024-08-02/crypto-lender-genesis-completes-restructuring-begins-payouts

🔔 The Montenegro Appellate Court upheld its decision to extradite Do Kwon, the founder of Terraform Labs, to South Korea.

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🔔 Binance Labs invests in Particle Network

➡️ Binance Labs invested in Particle Network, the leading L1 solution for unifying all chains via Universal Accounts, addressing user and liquidity fragmentation in Web3.

➡️ With Particle Network’s Chain Abstraction infrastructure, users can maintain a single account and balance across the entire ecosystem, eliminating the need for manual bridging or asset management across multiple chains. 

👉 https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-particle-network-to--address-user-and-liquidity-fragmentation-in-web3-2579347885390894943

🔔 Senator Cynthia Lummis says a Donald Trump presidency would boost Bitcoin and the US

🔔 The FBI has issued a warning about scammers impersonating crypto exchange employees to steal funds.

These fraudsters are contacting users, claiming urgent account issues to trick them into revealing personal information or clicking malicious links.

🔔 Coinbase’s CEO Brian Armstrong said that he’s optimistic whoever is elected in November’s elections — whether Republican or Democrat — will be “constructive on crypto.”

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🔔 Morgan Stanley, a leading Wall Street bank, is setting a new precedent by allowing its financial advisors to offer Bitcoin ETFs to select clients.

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🔔 HashKey Group’s over-the-counter trading unit is the latest to receive a “Major Payment” license in the crypto-friendly city-state of Singapore.

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🔔 Tether CEO Paolo Ardoino publicly favors Bitcoin over Ethereum for the stablecoin issuer’s reserves, citing Bitcoin’s immutability and fixed supply of 21 million coins.

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🔔 Crypto community slams WazirX’s 'socialized losses' plan after hack.

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🔔 MicroStrategy is seeking to sell its class A shares to raise as much as $2 billion to buy more Bitcoin and for general corporate purposes.

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🔔 Australian prosecutors argue that imprisonment should remain a strong possibility for the Crypto.com user who received millions because of an internal error.

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🔔 Justin Sun refutes rumors of position liquidations, stating they avoid leveraged trading. Instead, they focus on staking, running nodes, project development, providing liquidity, and offering TVL services to support the industry.

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🔔 Trump criticized the U.S. government’s recent sale of $2 billion worth of bitcoin, arguing that the U.S. should be building its crypto assets instead.

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🔔 Binance has challenged a nearly $86 million tax penalty notice issued by India’s tax department DGGI for fees collected from Indian customers between July 2017 and March 2024. DGGI is an agency responsible for indirect tax evasion intelligence and is part of the Indian Ministry of Finance.

👉 https://www.coindesk.com/policy/2024/08/06/binance-has-challenged-indias-86m-tax-showcause-notice-source/

🔔 Binance Labs Incubation Program announced the second batch of projects for the seventh season, including: Aarc, a modular protocol simplifying chain abstraction for dApps; FluxLayer, Omni-Chain Intent Liquidity Layer powered by EigenLayer; TonTon Games, unlocking Telegram Gaming.

👉 https://x.com/BinanceLabs/status/1820475119959228738?t=nPgesp9qDbTIXW_AZQ-RiA&s=19

🔔 Binance Pool has officially launched the KASPA Network (KAS) mining service. Kaspa is a POW cryptocurrency that implements the GHOSTDAG protocol. Previously, Binance launched KAS futures, but did not launch KAS spot.

👉 https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-m-kas-perpetual-contract-with-up-to-50x-leverage-7cda5be3429d4e1da2ad8e23c120a7fb

🔔 Ronin Network bridge paused after $10 million exploit involving MEV bot.

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🔔 Ark Invest bought 93,797 Coinbase shares, worth $17.8 million, across three exchange-traded funds on Monday amid the broad market price plunge.

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🔔 Marathon Digital Holdings, a leading player in the cryptocurrency mining sector, has amplified its Bitcoin reserves by acquiring an additional 2,282 BTC, valued at over $124 million.

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