Crypto Daily Digest - July 27th

DeFi

• Tether's total commercial paper exposure expected to zero by end of October or early November. Source
• Fantom community decides to use burn fee to fund ecosystem projects. Source
• Harmony released a compensation proposal, planning a hard fork of Harmony to increase the supply of $ONE. Source
• Digital asset management platform Safe plans to launch token $SAFE with uncertain date. Source
• The Central African Republic has started selling its Sango Coin crypto. Source
• Mirror launches Web3 Subscriptions supporting wallet-based content subscriptions for users. Source
• Over-collateralized stablecoin protocol Angle Protocol deployed to Arbitrum. Source
• Ark Invest offloads over 1.4 million Coinbase shares. Source
• Data: Total market contracts liquidated about $68.65 million in 12 hours. Source
• NEAR partnered with digital asset custodian Fireblocks. Source
• $NTRC on PancakeSwap appeared rug pull. Source
• According to SlowMist team monitoring, x2y2[.]it is a phishing site. Source
• Binance completes $USDT Tezos network integration and opens deposits. Source
• Lido's proposal to sell Dragonfly Capital 10M $LDO gets updated with a one year lockup period added. Source

Policy & Regulation

• Chainalysis is spinning up Government Solutions for agencies. Source
• South Korean prosecutors placed a notification upon arrival on Terra CEO Do Kwon. Source
• Crypto custodian Komainu has gained provisional regulatory approval to operate in Dubai. Source
• Former Pantera Capital General Counsel joins CFTC as Chief of Staff and Senior Counsel. Source
• The U.S. House stablecoin bill will be delayed until September. Source
• PeckShieldAlert: grumpybears[.]sol-presales[.]com is a phishing site. Source

NFT

• Ethereum wallet Rainbow now supports NFTs on Mainnet, Polygon, Arbitrum and Optimism. Source
• Trust Wallet integrated with Polygon NFTs. Source
• Coinbase releases part one of BAYC animation trilogy. Source

Fundings

• Crypto startup Sumo Signals closed $5.5 million funding round led by OnDeck Venture. Source
• Venture capital firm Concept Ventures launches £50 million Pre-Seed stage dedicated fund. Source
• Nas Academy, a Singapore-based Web3 education startup, closed a $12 million round with FTX Ventures involved. Source
• Unstoppable Domains raised $65M at $1B valuation in Series A led by Pantera Capital. Source