Crypto Daily Digest - July 8th

DeFi

• Crypto exchange Blockchain.com faces $270m hit on loans to Three Arrows Capital. Source
• Tether discloses Celsius' loan liquidation process. Source
• Blockchain horse racing game Zed Run will launch token $ZED and airdrop it to users. Source
• Binance resumes local currency deposits with Brazilian payment system Pix. Source
• Acala launches new proposal IADS to increase liquidity of $aUSD in the ecosystem. Source
• Investment firm KeyFi sued Celsius for delinquent asset management fees. Source
• Decentral Bank fixed a bug that let one user mint 10 trillion $USN for just $10. Source
• Lending protocol Nexon Finance will launch testnet. Source
• Mt. Gox provides update on repayment process. Source
• TRON DAO Reserve have purchased another $10,000,000 $USDD and $TRX as reserve. Source
• TRON DAO Reserve have increased 445,000,000 $USDC supply on TRON. Source
• Swiss cybersecurity firm WISeKey ends share buyback program. Source
• Multichain announced $USDC cross-chain transaction fee adjustment. Source
• Elon Musk may abandon Twitter acquisition. Source
• Data: Total market contracts liquidated about $125 million in 12 hours. Source
• Mt.Gox plans to repay 150,000 $BTC to account holders. Source
• CertiK Alert: Cryptobilia NFT Discord has been hacked. Source
• Galaxy Digital names former Managing Director of Credit Suisse as Head of Global Distribution. Source
• Voyager Digital to voluntarily delist from the TSX. Source
• Data: $AAVE price increased 16.85% over the last 24 hours. Source
• TPS Capital claims it's independent from Three Arrows Capital. Source
• Alameda Research tweeted that it will return the Voyager Digital loan. Source
• Robinhood has enabled crypto transfers. Source
• Astar Network launched multisig wallet Astar Safe. Source
• Solana-based wallet Solflare integrated with FTX. Source
• SSV DAO will distribute $10m in grants for staking projects ahead of Ethereum merge. Source
• Head of Europe at Hashdex: $ETH's uptick may be related to Optimism over Ethereum merger. Source
• Ethereum Rollup scaling solution StarkNet will undergo a state reset and restart on Ethereum mainnet. Source

Policy & Regulation

• Philippines policy think tank has alerted the DTI to investigate Binance over illegal sales promotion. Source
• Binance's Spanish subsidiary registered as Virtual Asset Services Provider in Spain. Source

NFT

• Axie Infinity deploys fix patch for Origin, and the game is temporarily under maintenance. Source
• Data: Mutant Ape Yacht Club 24 hours trading volume up 138.38%. Source
• Polygon-based lending platform Teller launches Buy Now Pay Later service for NFTs including BAYC. Source
• Former VP of Engineering at GitHub joins OpenSea. Source

Fundings

• Samsung Electronics' Samsung Next announces investment in NFT game Genopets. Source
• Credit network Hidden Road raised $50M in Series A with participation from Coinbase Ventures and others. Source
• TON Foundation set up $90m ecosystem fund TON Alpha-Vista. Source