Crypto Daily Digest - July 7th

DeFi

• Aave community proposes to introduce collateral-backed stablecoin $GHO. Source
• Aztec launches DeFi privacy bridge Aztec Connect. Source
• Celsius paid off its loan on Maker. Source
• Data: Total market contracts liquidated about $28.99 million in 12 hours. Source
• Binance.US hires former PayPal exec as CFO. Source
• Vesta submitted proposal to deploy on Optimism and requests 1 million $OP as incentive. Source
• Polygon Hermez will launch zkEVM. Source
• CertiK Alert: $PXT price drop not caused by rug pull, but by a hacking attack. Source
• CZ said Binance has the largest reserve in the crypto industry right now. Source
• Elon Musk's Boring Company supports $DOGE payments. Source
• Crema Finance will go live again after a new smart contract audit. Source
• Crema Finance's hacker returned around $8M stolen funds. Source
• Crypto exchange Bitstamp cancels the plan to charge an inactivity fee. Source
• Alameda Research owes Voyager Digital nearly $377M. Source
• OpenLeverage's $OLE airdrop will be available to claim at 10am UTC today. Source
• Hardware wallet Ledger partners with FTX to allow Swap with FTX through Ledger Live. Source
• Web3 infrastructure network peaq launched open-source blockchain explorer peaq Scan for Polkadot ecosystem. Source
• Helium will launch $MOBILE to reward 5G Hotspots. Surce
• Multichain integrates with public blockchain TomoChain. Source
• Celsius reorganizes board of directors amid liquidity issues. Source
• Fantom proposes to redirect one third (10% of total transaction fee value) of the existing burn rate (30%) to an "Ecosystem Support Vault". Source
• The Ronin attack in March stemmed from Axie Infinity employees receiving acceptance letters from fake companies. Source

Policy & Regulation

• 70+ Bitcoin and crypto ETPs in Europe have worked without manipulation. Source
• Crypto owners banned from working on US Government crypto policies. Source
• UK to introduce legislation on Stablecoins by August. Source
• Italy’s government has committed $46 million for blockchain and cryptocurrency research. Source
• Solana Labs and Multicoin Capital were accused of violating securities law by $SOL investors in California. Source

NFT

• Reddit launches a new NFT Avatar marketplace. Source
• SuperRare and Gucci dropped the second NFT collaboration The Next 100 Years of Gucci. Source
• Data: Coinbase NFT marketplace has traded less than $3 million since its launch. Source
• Game Storm Studios and Ready Games will release mobile-based Web3 games. Source
• The Sandbox has entered into a partnership with Korean Channel A. Source
• Bithumb's subsidiary Bithumb Meta plans to launch NFT trading platform in August. Source
• Data: Bored Ape Yacht Club 24 hours trading volume up 157.41%. Source
• Otherside completed the first load test with about 2,500 concurrent users participating. Source
• Japanese social giant LINE launches Profile NFT feature. Source

Fundings

• Gaming-focused blockchain Oasys completed $20 million private token sale round led by Republic Capital. Source
• Mask Network's investment arm Bonfire Union raised a $42M fund supported by Binance, Alameda Research, Animoca Brands and others. Source
• Web3 gaming technology firm Planetarium Labs closed a $32m Series A funding round led by Animoca Brands. Source
• Gaming VC firm Konvoy Ventures raises a $150 Million fund with plans to invest in blockchain games. Source
• European VC XAnge launches new €220 million fund to focus on DeFi, Web3 and more. Source
• Derivatives exchange Thalex closes €7.5m Series A funding round with Bitfinex and others. Source