Crypto Daily Digest - July 11th

TI Research

On July 11th, due to Musk's announcement to cancel the Twitter acquisition, Twitter has hired the law firm Wachtell, Lipton, Rosen & Katz and will file a lawsuit in Delaware Court of Chancery. To this, Musk responded with an emoji picture saying that Twitter will have to disclose bot information in court due to forcing acquisition. G20 watchdog will propose the first global crypto rules in October. Hong Kong will introduce licensing for crypto platforms through AML law.

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

Elon Musk

DeFi

NFT

Policy and Regulation

Social

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