Crypto Daily Digest - July 5th

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