Crypto News Weekly Recap 📰

Paradigm
Paradigm
Published in
2 min readJul 9, 2024

2nd July — 9th July

▫️ CoinShares reports a $441M resurgence in crypto investment inflows last week

▫️ German government transferred 2K BTC & Mt. Gox moved 47K BTC

▫️ Taiwan develops a CBDC prototype platform and schedules hearings for next year

▫️ South Korean government introduces real-time monitoring for crypto fraud

▫️ US House to vote this week on overturning President Biden’s veto of SAB 121

▫️ Judge dismisses SEC’s claim that secondary BNB sales are securities in the case against Binance

▫️ Circle’s USDC/EURC stablecoins comply with EU MiCA regulations, reserves held in Europe

▫️ Paxful co-founder faces 5 years in prison after pleading guilty in AML case

▫️ Samourai Wallet co-founder granted bail, will contest charges

▫️ Immunefi Safe Harbor: Security Alliance (SEAL) whitehat safe harbor framework implemented

▫️ EigenLayer competitor Symbiotic reaches $1 billion in deposits in under a month

▫️ Element DAO’s Hyperdrive (fixed/variable rate 6-month yields) goes live on mainnet

▫️ Moshicam (onchain Instagram): mint photos with custom borders on Base

▫️ WannaBet: peer-to-peer betting platform with onchain escrow and designated judges

▫️ Exodus introduces Passkeys Wallet, removing the need for seed phrases

▫️ Data blockchain Flare integrates with LayerZero to connect over 70 blockchains

▫️ Celo launches Dango Layer 2 testnet, beginning integration with Ethereum ecosystem

▫️ Coinbase Ventures invests in Ampleforth’s flatcoin tech, SPOT launches on Base

▫️ Justin Sun hints at a gasless stablecoin for Tron by year-end, with Ethereum and EVM chains to follow

▫️ Lionel Messi’s Instagram account posts a Solana memecoin promotion

▫️ American rapper Doja Cat’s X account hacked to promote a collapsed token

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