Crypto Daily Digest - July 11th

DeFi

• Elon Musk: Twitter will have to disclose bot information in court due to forcing acquisition. Source
• Sources say Vauld's chief financial officer resigned last week. Source
• More than 48 projects previously on the Terra network have begun migrating to Polygon. Source
• ING Bank spins off its cryptocurrency custody platform Pyctor to GMEX Group. Source
• CertiK Alert tweeted that JUMPN on BNB Chain is Honeypot project. Source
• Data: Total market contracts liquidated about $54.06 million in 12 hours. Source
• Celsius has hired new counsel to advise it through a possible restructuring. Source
• NFT financialization protocol OMNI responds to the attack: no customer funds were lost, only internal testing funds were affected. Source
• Brazilian users can now pay bills with Bitcoin from within the PicPay app. Source
• Fantom now has more than 7,300 nodes across 60+ countries. Source
• Number of addresses holding above 0.01 $BTC reached an ATH. Source
• Alameda has transferred about 114 million $BUSD and 17 million $USDC to FTX. Source
• OKX became the training kit sponsor of English Premier League club Manchester City. Source
• PeckShieldAlert: Celsius repaid 20M $USDC on Aave. Source
• Curve launched EUROC/3Crv pool. Source
• Celsius repaid 30m $USDC on Aave. Source
• KuCoin hasn't reduced staff and plans to hire 300 people, CEO says. Source
• Yam Finance thwarts governance attack aimed at hijacking its treasury. Source
• Amber Group's digital assets platform WhaleFin becomes Official Global and Main Partner of Atlético de Madrid. Source
• Crypto lending platform Vauld will announce its backup plan soon and did not disclose progress on Nexo acquisition talks. Source
• The IC-based lending protocol finterest plans to issue the over-collateralized stablecoin $fUSD. Source

Policy & Regulation

• ECB: Stablecoins are not practical as a mode of payment. Source
• G20 watchdog will propose the first global crypto rules in October. Source
• Hong Kong will introduce licensing for crypto platforms through AML law. Source
• Three Arrows Capital co-founders Su Zhu and Kyle Davies are accused of not cooperating with liquidation proceedings. Source

NFT

• Playboy will launch "MetaMansion" on The Sandbox. Source
• MistTrack: WZRDSkyz is a phishing account. Source
• The Sandbox enters into partnership with commercial bank KEB Hana Bank. Source
• CertiK Alert: NFT project AlphaDogs' Discord has been hacked. Source
• The co-founder of BAYC has been hacked, don't believe anything he posts. Source

Fundings

• Investment fund Generalist Capital closes $12.25 million round with participation from Polygon and others. Source
• Cross-chain infrastructure protocol LI.FI has closed a $5.5m funding round led by 1kx. Source
• Web3 gaming company Bravo Ready has raised $3m with participation from Solana Ventures and others. Source