Crypto Daily Digest - July 6th

TI Research

On July 6th, Voyager Digital has filed for Chapter 11 bankruptcy protection. It is estimated to have more than 100,000 creditors and about $1 billion to $10 billion in assets. In response, Voyager plans to repay its debt through its own funds, repayment from Three Arrows Capital, stock in the reorganized new company, and Voyager tokens. Ethereum Sepolia testnet has completed The Merge. Circle holds 80% of $USDC reserves in U.S. Treasury bills and 20% in cash within the U.S. banking system.

DeFi

  • Voyager Digital has filed for Chapter 11 bankruptcy protection. Source
  • Data: $VGX price dropped 22.57% over last 24 hours. Source
  • Toronto Stock Exchange is delisting review of Voyager Digital. Source
  • Ethereum Sepolia testnet has completed The Merge. Source
  • Web3 infrastructure provider Syndicate is live on Polygon. Source
  • Permissionless smart contract deployment is live on Flow. Source
  • FTX request to approve crypto derivatives faces opposition. Source
  • Circle holds 80% of $USDC reserves in U.S. Treasury bills and 20% in cash within the U.S. banking system. Source
  • Harmony's Bitcoin Bridge internal vaults are paused to enhance security. Source
  • Shiba Inu will launch Layer2 blockchain Shibarium, stablecoin $SHI and reward token $TREAT. Source
  • Web3 messaging protocol Dialect partners with Solana Mobile to launch messaging app Dial for smartphone Saga. Source
  • Circle's EUROC stablecoin currently trades only within the US. Source
  • Crypto exchange Bitstamp will charge inactive accounts a fee. Source
  • Binance to eliminate fees on spot trading for 13 $BTC pairs. Source
  • JustLend and TRON DAO Reserve enter into a partnership. Source
  • Data: Total market contracts liquidated about $51.02 million in 12 hours. Source
  • Binance resumes local currency deposits with Brazilian payment system Pix. Source
  • Celsius Network repays 34.4 million $DAI to Maker again. Source
  • BitDAO purchases $6 million in $BIT July 1st to July 4th. Source
  • Data: nearly 20,000 $ETH transferred from Celsius-related address. Source
  • Alameda has transferred about 30 million $USDC to FTX again. Source
  • Biconomy's cross-chain transaction platform Hyphen adds support for Arbitrum. Source
  • Injective mainnet upgrade completed with CosmWasm Smart Contract live. Source
  • Input Output will launch Cardano EVM sidechain. Source
  • Former The Block researcher offers solutions to improve Uniswap and empower $UNI. Source

Policy & Regulation

  • Russians banned from accessing BitMEX within European Union. Source
  • The crypto crash may prompt U.S. states to shelve plans to tax with bitcoin. Source
  • Korea blockchain association will dissolve this month as CEOs of top 5 exchanges resign from boards. Source

NFT

  • Decentraland launches Bug Bounty program. Source
  • ConsenSys enters into a strategic partnership with Saudi Arabia's NFT marketplace Nuqtah NFT. Source
  • The Sandbox launches Bug Bounty Program on Immunefi. Source
  • Terra-based NFT infrastructure layer Soil Protocol officially launched. Source
  • PeckShieldAlert: hacker stole Twitter user's account for OthersideMeta scam and profited 4 Otherdeed. Source
  • DeFi yield aggregator yearn.finance launched NFT treasury management tool NFTreasury. Source
  • Ripple conducts testing of native NFT functionality. Source
  • Doodles founder bought Doodles #3881 for $155.55 ETH. Source
  • Ex-TikTok gaming head to launch blockchain games startup. Source

Fundings

  • Bitmark closed $5.6 million funding round led by Galaxy Interactive and others. Source
  • Crypto gaming company Cauldron closed $6.6 million funding round led by Cherry Ventures. Source
  • Public blockchain Rubix raised $100M from LDA Capital. Source
  • Fairfax County Pension System to invest in VanEck's crypto fund. Source
  • German game developer Klang Games closed a $41 million round of funding led by Animoca Brands and Kingsway Capital. Source
  • The Enjin-based blockchain game launchpad Enjinstarter raised $5 million in funding led by TGV. Source
  • McKinsey says $120B already invested in metaverses in 2022. Source

DeFi

Three Arrows Capital

Ethereum

Circle

TI Research

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