Crypto Box Shilling

Breaking: IMF And FSB Releases G20 Summit Paper On Crypto Asset Regulation Source

​A cryptocurrency wallet prototype found in Microsoft Edge browser code The screenshots presented by the researcher show the user interface of the cryptocurrency wallet, the decentralized application store and the news feed service. The wallet's interface shows cryptocurrency purchases via Coinbase exchange and MoonPay service. Albacore noted that all the functionality is already built into the latest versions of the Microsoft Edge browser, but for now the cryptocurrency wallet is hidden from users. The researcher stressed that Microsoft developers often test various features, but far from always this code gets into release versions: "The Edge browser team is constantly adding all sorts of different features and looking at their acceptance. You could say they throw a baby in the water and see if it swims out. The list of different features they've added but ended up removing is pretty long."

​Aave’s Proposal to Freeze BUSD Poised to Pass Following Paxos’s run-in with the SEC over its BUSD stablecoin, decentralized protocol Aave is poised to pass a proposal to freeze BUSD on its platform. The proposal suggests Aave switch to a different stablecoin. The SEC issued a Wells notice, which typically precedes enforcement actions, to Paxos, according to recent reports. The regulator alleges BUSD is an unregistered security. “The inability to mint new BUSD might hurt peg arbitrage opportunity and asset peg,” the Aave proposal reads. “It seems that the most reasonable path for Aave is to freeze this reserve and invite users to switch to another stablecoin among the diversity present in Aave.” The proposal, introduced Monday, was written by two delegates: the Aave-Chan initiative and Marc Zeller of Aave DAO. “On a more general level, BUSD is one of the smallest Aave stablecoin reserves,” Zeller told Blockworks. “So the impact on overall Aave liquidity is minimal.” Zeller’s efforts come as regulation continues to heat up in the US. After a slew of enforcement actions and settlements in recent weeks, the industry is left wondering what is next for stablecoins and staking products. The proposal says “there’s no real prospect of growth” for BUSD, adding that the stablecoin’s circulating supply will “eventually go toward zero.”

🇯🇵 Biggest Bank In Japan Mitsubishi UFJ Trust Bank Will Launch Crypto Asset Services In a groundbreaking collaboration, Japan’s largest bank, Mitsubishi UFJ Trust Bank, and Web3 development firm Ginco have announced their partnership to introduce the nation’s inaugural “crypto-asset trust” service, according to a Coinpost report. Under this strategic alliance, Ginco will take charge of overseeing tokens issued on Mitsubishi UFJ’s public blockchain. This novel service, slated for launch within the year, marks a significant stride toward legitimizing the crypto landscape in Japan. The “crypto asset trust” initiative, initiated on March 31 by Mitsubishi UFJ Trust and Banking Corporation and Ginco Co., embarks on a journey to establish a secure and attractive environment for the issuance and trading of tokens. The collaboration aspires to facilitate proper taxation for token issuers and enable institutional investors to confidently partake in the token market. While regulatory challenges surfaced after a 2018 data leak incident, the tide is turning with the legal framework adjustments that took effect in October 2022, enabling trust banks like Mitsubishi UFJ to offer custody services for crypto assets. This groundbreaking endeavor will encompass responsibilities related to trust tokens, including private key management.

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📣 HashKey Exchange Just Launched BTC/USD And ETH/USD Trading Pairs For Retail Investors HashKey Exchange, the first licensed Virtual Asset Platform by the Hong Kong Securities Regulatory Commission, has announced that it has officially opened BTC/USD and ETH/USD trading pairs to retail investors. HashKey Exchange also states that they do not exercise voting rights regarding virtual assets on behalf of their users and that users wishing to exercise any voting rights regarding their virtual assets must withdraw their respective assets from the platform. Recently, HashKey Exchange, part of HashKey Group, became the first company to be licensed in Hong Kong after the policy of allowing crypto trading was applied in Hong Kong from June 1, 2023. The platform also previously planned to go live on August 28, 2023. Retail investors can invest in Bitcoin and Ethereum and will limit investment in virtual assets to no more than 30 % of total assets. The coins that are allowed to be traded on HashKey Exchange include BTC, ETH, USDT, USDC, and only Spot trading. This aligns with Hong Kong’s strict licensing criteria, which only allow a small number of coins to be listed, mainly large-cap coins such as BTC, ETH, BCH, LTC, etc. Previously, HSBC was the first bank to allow customers to buy and sell Bitcoin and Ethereum ETFs.

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🪙 Tornado Cash Co-Founder Roman Storm Released on Bail Roman Storm, a co-founder of the cryptocurrency mixing service Tornado Cash, has been released on bail, his lawyer Brian Klein revealed Thursday in a post on X, formerly Twitter. The news came a day after Storm and another co-founder, Roman Semenov, were indicted on charges of conspiracy to launder money and violate sanctions laws while operating an unlicensed money-transmitting business. According to the indictment, unsealed on Wednesday, the total includes hundreds of millions of dollars that allegedly went to the Lazarus Group. Prosecutors accuse Storm and Semenov of creating Tornado Cash to allow cybercriminals to anonymize such transfers of crypto funds. While Storm, 34, had been arrested in Washington state, Semenov, a 35-year-old Russian national, remains at large. In his tweet, Klein said he was pleased with Storm’s release, but at the same time expressed his disappointment that his client had been charged for helping develop software. He warned that the prosecutors’ move will have “dangerous implications for all software developers.”. The U.S. sanctioned the Lazarus Group in 2019 and Tornado Cash in 2022. The Treasury Department sanctioned Semenov on Wednesday for “providing material support” to both.

Pepe Coin Team Accused Of Insider Trading, More PEPE On The Move Source

🟠 BNB Bridge Hackers: Venus Community’s Swift Action Boosts Stability Amid BNB Price Fluctuations BNB Bridge hackers’ loan health factor alert on Venus amid falling BNB Price As the price of Binance Coin (BNB) plummeted below $210, early warning monitoring by Paidun revealed a concerning development: the BNB Bridge hackers’ loan health factor on Venus sank to 0.99. The Venus community responded by passing a governance proposal to greenlight the liquidation of positions linked to previous BNB Bridge hacks. These hackers had exploited vulnerabilities last year to steal 2 million BNB tokens from BNB Chain’s Token Hub. Unconventionally, they opted to deposit 900,000 BNB and secure loans of nearly $150 million in stablecoins via the Venus Protocol. Remarkably, the hackers maintained this position for nearly a year without interacting with the Venus contract. Before liquidation commenced, the hackers’ accounts held a substantial $204.1 million in BNB on Venus. To address this complex scenario, the BNB Chain core team proposed that the Venus management department take over the hackers’ debt. This initiative involved transferring $60 million to the BNB Bridge hacker liquidation account. As the price of BNB dipped below $220, triggering a liquidation state, the team initiated multiple transactions to liquidate $30 million in debt. Consequently, 146,150 stolen BNB were reclaimed, with a remaining debt of over $124 million.

📣 De.Fi Launches Revolutionary Antivirus Tool On zkSync Era To Safeguard Crypto Users Revolutionizing the realm of crypto security, De.Fi, a distinguished crypto asset management product, has unleashed its cutting-edge antivirus tool on the zkSync Era blockchain. With user protection at the forefront, De.Fi’s antivirus tool offers a multi-faceted shield against potential threats. By connecting wallets or scanning smart contract addresses, users can seamlessly access this powerful security measure. In an era where cyber threats pose substantial risks, De.Fi’s proactive approach ensures crypto enthusiasts stay one step ahead of attackers. Operating in real-time, the system remains perpetually alert for emerging threats and vulnerabilities. This continuous monitoring empowers users to navigate the blockchain landscape with heightened confidence, knowing that their assets are under constant surveillance. The synergy between De.Fi and zkSync Era bolsters both security and usability. As De.Fi taps into zkSync Era’s robust infrastructure, users benefit from a seamless experience backed by unmatched security protocols. This strategic collaboration promises a more resilient and secure crypto environment for all stakeholders. This groundbreaking service takes vigilance to new heights.

💰 SHIB Surges to 3-Month High to Start the Weekend Shiba inu was a notable gainer during Saturday’s session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance’s decision to approve the coin as a collateral asset, in addition to the upcoming launch of Shibarium. Dogecoin also snapped its recent losing streak today. Shiba inu (SHIB) jumped to a three-month high on Saturday, with prices surging by as much as 10%. Looking at the chart, the move comes as the 14-day relative strength index (RSI) moved past a resistance level of 67.00. At the time of writing, the index is tracking at 73.62, which is its highest level since February. Should momentum continue throughout the weekend, the next target for bulls is likely to be a ceiling at $0.00001025. In addition to SHIB, dogecoin (DOGE) also rose higher today, snapping a three-day losing streak in the process. This coincided with the RSI moving past its own ceiling at the 52.00 mark. It is currently at a reading of 55.84. Despite today’s rally, dogecoin is still trading nearly 3% lower than at the same point last weekend.

📣 Analyst Nansen: Address Of BALD Deployer Closely Linked To Alameda Collapse As discovered by the Nansen analyst, the $BALD deployer’s ETH address used interacted with Andrew Keys and Alameda Research. Nansen analyst Andrew T tweeted that after browsing Bald deployer’s ETH address, he found that Binance deposit addresses starting with 0x6663 and active addresses starting with 0x000f are related to Andrew Keys and Alameda Research. Andrew T said the address is affiliated with many exchanges, but it must have a strong relationship with Alameda Research. Currently, the community is buzzing about BALD news after the suspicious action of the person behind this token on July 31 when withdrawing 10,705 ETH ($20 million) and 224.6 million tokens from the BALD/WETH liquidity pool on the DEX. Base’s LeetSwap, reduces the value of tokens by 85% in seconds. Denying the above information, BALD’s account on Twitter corrected that he did not do that and added 400 ETH ($746,000) and 18M tokens to the pool, but the volume was not too large compared to the withdrawn transaction. Contrary to what was said, the BALD/WETH pool once withdrew all of its liquidity. As a result, the value of this memecoin dropped by 98% within 3 hours and returned to the pre-pump price zone.

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​Lava Introduces Self-Custody Wallet And Bitcoin DeFi Platform At Bitcoin 2023 Lava, a financial technology company, has unveiled a new self-custody wallet and decentralized finance (DeFi) platform on Bitcoin. Utilizing Lava's loan protocol, users can borrow stablecoins against native bitcoin, eliminating the risks associated with bridge hacks and custodian rehypothecation. CEO Shehzan Maredia highlighted the advantages of Lava's borrowing mechanism, stating, "With Lava, people can borrow transparently without rehypothecation risk and without relying on bridges or custodians. Users won't have to trust their counterparty and can borrow using a system that gives users cryptographic assurance that the rules of their contracts will be honored." Lava achieves this through invisible smart contracts called discreet log contracts (DLCs), which ensure collateral integrity and enable programmable loan initiation and repayment without the need for intermediaries. According to a press release sent to Bitcoin Magazine, Lava wallet aims to empower individuals who face challenges with traditional banking, offering innovative security solutions and safety checks to prevent transaction errors. Maredia said that he envisions bitcoin and dollars as the two most crucial assets of the coming decade. Lava's goal, the press release stated, is to create a bitcoin and dollar-centric financial experience that grants users true financial freedom, enabling them to take control of their finances and simplify money management.

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💰 Polygon Unveils New Decentralized Governance Framework for Polygon 2.0 Polygon, a leading cryptocurrency network, has unveiled its plans to establish a new governance framework for enhanced decentralized control over its ecosystem. The initiative, known as Polygon 2.0, aims to develop a network of zero-knowledge-powered Layer 2 chains. The new governance model will consist of three pillars: core protocol governance, smart contracts governance, and community treasury governance. Drawing inspiration from Ethereum’s successful governance models. The governance proposal has undergone extensive community deliberation, with feedback and ideas from validators, users, developers, and ecosystem participants. The community has full control over the network and will have the final say on all proposals. The forward-looking governance framework promotes decentralized ownership and decision-making across all Polygon protocols and the ecosystem. The three governance pillars provide a topology for decision-making mechanisms within the ecosystem. Protocol governance is facilitated through the Polygon Improvement Proposal (PIP) framework, allowing for coordinated upgrades proposed by internal and external actors.

zkGamingHub Team has SAFU, KYC and Audit badges. Tax will be 3/3 at launch The first ultimate game hub for web3 gaming on zkSync. zkGamingHub, the pioneer of Web3-native gaming connectivity on zkSync, aims to foster a cohesive ecosystem that seamlessly brings together games and gamers, uniting them under a single platform Pinksale : https://www.pinksale.finance/launchpad/0x7d4e6610aeb79cbf53ba438e8d39fc673a493f1c?chain=BSC Website : https://zkgaminghub.xyz/ Twitter : https://twitter.com/zkgaminghub

⬜️ OKX Enables $ETH Support on Starknet OKX has stated that they have implemented support for the Starknet network ETH deposit service, and that withdrawals will be available at 8:00 am UTC on July 11, 2023. In response to the growing demand of our users, OKX are excited to announce support for ETH on Starknet, which will enable faster and more efficient trading. With this development, OKX aim to provide the users with a more seamless and convenient trading experience, while ensuring the security and scalability of the Ethereum network. To ensure the smooth implementation of this new feature, OKX have set a timeline for the opening of ETH-Starknet deposits and withdrawals. ETH-Starknet deposits will be available starting at 8:00 am UTC on July 11, 2023, while withdrawals will be open at 8:00 am UTC on July 12, 2023. For those who may not be familiar with Starknet, it is an Ethereum Layer 2 Rollup that offers a permissionless, innovative, and secure scaling solution. By providing the advantages of Ethereum’s composability and security, while achieving massive scalability, Starknet is pioneering the path towards widespread blockchain adoption. OKX believe that supporting ETH on Starknet is a significant step forward in offering the users the best possible trading experience.

💰 Cboe Immediately Updates Bitcoin ETF Spot Profile After SEC Complaint Exchange operator Cboe Global Markets Inc. updated the filings for the spot bitcoin ETF on its website shortly after the SEC said that the spot bitcoin ETF filings were not clear and comprehensive. The refreshed filing is intended to address concerns raised by the U.S. Securities and Exchange Commission (SEC). According to these people, the agency notified exchanges Nasdaq and Cboe Global Markets, which had submitted applications for asset managers such as BlackRock and Fidelity Investments, that the files needed to be more precise and thorough. Cboe, on behalf of five issuers of a spot bitcoin ETF filed with the SEC on Friday. Updated filings have been submitted to the Invesco Galaxy Bitcoin ETF, VanEck Bitcoin Trust, WisdomTree Bitcoin Trust, and Wise Origin Bitcoin Trust. One key issue is that the exchanges did not name the cryptocurrency trading platforms they plan to enter into custody-sharing arrangements to help detect fraud in the underlying Bitcoin market. The updated document states that the product, The Spot BTC SSA, will show signs of a custody-sharing agreement split between the two. The filing says that setup will allow additional access to data related to spot Bitcoin transactions on Coinbase if the exchange determines it is necessary as part of a monitoring program.