Market
Exchanges
KuCoin dispels layoff rumors, CEO cites ‘normal’ personnel adjustments
KuCoin CEO Johnny Lyu said the firm is focused on being "more dynamic and competitive."
Regulation
Worldcoin faces regulatory scrutiny amid community backlash on privacy concerns
Crypto community members have heavily criticized Worldcoin's WLD token tokenomics.
Analysis
XRP crowned top-traded altcoin of the year: Kaiko
Since the beginning of July, Bitcoin's trading has declined to the lowest levels since April.
Exchanges
Binance wants to seek dismissal of CFTC charges in complex legal battle
Binance has revealed its intention to to file motions to dismiss a lawsuit from the CFTC.
CBDCs
President Putin approves digital Ruble, as Russia prepares for crypto exchange trial run
The governor of the Bank of Russia said the Digital Ruble use would be voluntary.
Analysis
Bitcoin sees first outflows in a month as Ethereum, XRP enjoy investors’ confidence
Market sentiments surrounding XRP and Ethereum appears to have improved over the past week.
CBDCs
Federal Reserve’s CBDC efforts likened to ‘financial Death Star’ by U.S. lawmaker
The Federal Reserve Bank of San Francisco has listed a CBDC-related job position.
Tokenization
Elon moves markets again as abandoned X token soars 2,000%, DOGE up 8% following Twitter rebrand to ‘X’
Millions poured into abandoned token as Elon Musk's tinkering with Twitter continues to sway market sentiments
Tokenization
Worldcoin mainnet launches, WLD token soars 60% on major exchanges
Worldcoin's mainnet went live on July 24, airdropping the WLD token to early community members.
Exchanges
Binance France records €4 million loss in 2022, optimistic for profit in 2023
Binance France says it holds about €1 billion worth of crypto assets for its users.
Hacks
Conic Finance loses $3.2M to reentrancy attack on ETH Omnipool
BlockSec stated that the Conic Finance hacker was labeled as the Lady Pepe Exploiter by MetaDock.
Exchanges
Indonesia launches national cryptocurrency exchange amid 69% drop in transaction volume
Cryptocurrency transaction volume in Indonesia declined 69% during the first half of the year.