Crypto Daily Digest - August 3rd

DeFi

• El Salvador’s banking platform Galoy launches Bitcoin-backed synthetic dollar. Source
• Solana Status: about 7,767 Solana wallets have been affected by the exploit. Source
• PeckShieldAlert: widespread hack on Solana wallets leads to about $8 million in loss. Source
• Solana Status: the vulnerability does not appear to be a bug with Solana core code, but related to the wallets used by users. Source
• Solana exploit is not a Phantom-specific issue, Phantom claims. Source
• Decaf Developer: SOL exploit is not a trusted app issue, and all Phantom wallets are affected. Source
• Solana: wallet drained incident is under investigation with help from security firms, hardware wallets not impacted. Source
• Solana co-founder: Suspected cause of security incident is an iOS supply chain attack. Source
• Nomad official releases funding recovery address. Source
• Nomad official funds recovery address currently receives about $9.058 million. Source
• Connext: users were not directly affected by Nomad hack. Source
• Data: Total market contracts liquidated about $54.53 million in 12 hours. Source
• CZ: More than 65% of all proposals came from just 10% of DAOs. Source
• Kraken Australia’s managing director: Contagion only hit firms with poor balance sheet management. Source
• Multichain announces integration with KAIDEX. Source
• Stellar launched smart contract platform Soroban. Source
• pSTAKE will launch $BNB Liquidity Staking next week. Source
• Crypto exchange Zipmex will resume withdrawals for $SOL, $XRP and $ADA. Source
• Stock and crypto exchange Robinhood lays off 23% of employees. Source
• Sui opened validator registration for Incentivized Testnet. Source
• Perpetual DEX Phezzan Protocol went live on zkSync 2.0 testnet. Source
• MCDEX is rebranded as MUX and launched multi-chain leveraged trading protocol. Source
• CoinList pauses withdrawals for $SOL. Source

Policy & Regulation

• Brazil might approve its cryptocurrency law this week. Source
• Robinhood's Crypto division fined $30 million by New York financial regulator. Source
• Binance-owned WazirX probed in India for alleged money laundering of over $350 million. Source

NFT

• Solana ecosystem NFT marketplace Magic Eden tweeted that a suspected SOL exploit could steal assets from users' Phantom wallets. Source
• The Walken application is temporarily unavailable due to the security event on Solana that prevents it from interacting with the blockchain. Source
• STEPN recommends that users who have imported/exported non-custodial wallets into/out of STEPN generate a new non-custodial wallet in the STEPN App. Source

Fundings

• Web3 project accelerator Web3Port raised $1M in seed round with participation from HashKey and others. Source
• Decentralized visual digital identity (DID) solution provider Lifeform closed a seed funding round led by Binance Labs. Source
• NFT counterfeit detector MarqVision closed a $20 million round of funding with participation from Softbank Ventures and others. Source
• VR basketball app Gym Class closes $8 million in seed round led by a16z. Source