Crypto Daily Digest - July 5th

TI Research

On July 5th, Crypto lending institution Nexo plans to acquire crypto trading and lending platform Vauld. Immutable X launches $ETH Off-ramp feature, allowing users to sell $ETH for Fiat currency. Harmony proposes to increase gas fee and reduce block gas limits. Celsius Network repays $120 million debt to Maker. MakerDAO proposes RWA-009 as a new collateral type.

DeFi

  • Crypto lending institution Nexo plans to acquire crypto trading and lending platform Vauld. Source
  • Immutable X launches $ETH Off-ramp feature, allowing users to sell $ETH for Fiat currency. Source
  • Voyager opens withdrawals for transactions submitted prior to suspending trading. Source
  • Harmony proposes to increase gas fee and reduce block gas limits. Source
  • MakerDAO proposes RWA-009 as a new collateral type. Source
  • Celsius Network repays $120 million debt to Maker. Source
  • DeFi protocol Shell Protocol will issue governance token $SHELL. Source
  • Tornado.Cash community rejects proposal to auction 50,000 $TORN at 20% discount. Source
  • Frax Finance community's new proposal proposes will lock all $CRV and $CVX earned from basepool. Source
  • Cross-chain protocol Ren integrates Optimism. Source
  • $5.5 million strategic DAO funding proposal launched by Gearbox community approved. Source
  • KuCoin said the address 0x0D7...33632 does not belong to Three Arrows Capital. Source
  • Alameda has transferred about 30 million $USDC to FTX. Source
  • Former JPMorgan banker Samir Shah becomes COO at Pantera Capital. Source
  • Multichain announced integration of smart contract protocol Rootstock. Source
  • Porter Finance will be shutting down its bond issuance platform. Source
  • Injective mainnet will upgrade in a few hours to create a smart contract layer. Source
  • ZigZag will launch StarkNet-based privacy transaction add-on InvisibL3. Source
  • Data: Total market contracts liquidated about $76.01 million in 12 hours. Source
  • Binance Futures will launch BUSD-margined SAND and LTC perpetual contracts on July 7th. Source
  • Digital payment platform Wirex launches crypto-backed credit. Source
  • Celer Network's cBridge adds support for Ontology. Source
  • Cross-chain router protocol Multichain announced integration with public blockchain KardiaChain. Source
  • Chingari said no hacking of $GARI Token has been detected and the price drop may only be a market event. Source
  • Crypto lending platform CoinLoan has temporarily lowered its withdrawal limit to a maximum of $5,000 per 24-hour period for a single account. Source

Policy & Regulation

  • Huobi subsidiary HBIT has received the Money Services Business Registration license. Source
  • The Monetary Authority of Singapore is weighing new safeguards for crypto consumers. Source
  • Brazil creates crypto-dedicated investigation unit. Source
  • Bank of England Committee calls for enhanced crypto regulation. Source
  • NFT platforms should be subject to money-laundering regulation, EU lawmakers say. Source
  • More trouble for India's crypto exchanges as new TDS rules causes drop in trading volume. Source

NFT

  • Otherside will have two load tests on July 6 and 9, users need to hold Otherdeed to participate. Source
  • The value of the NFT collection held by Three Arrows Capital remains in excess of $7.52 million. Source

Fundings

  • Sequoia Capital’s China arm raises $9 billion for four new funds. Source

Lending

DeFi

Immutable X

Ethereum

Harmony

Derivatives

TI Research

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