18-07-2024

Author

Fernando Fierro
July 18, 2024

0

Howdy folks,

🔓💸 India's largest crypto exchange, WazirX, has frozen withdrawals following a $234.9 million hack involving its Safe Multisig wallet. Blockchain security firm Cyvers identified suspicious transactions funded by Tornado Cash, leading to assets like PEPE, GALA, and USDT being swapped to ETH.

The attacker is still moving the stolen funds, and WazirX has yet to provide further updates on the incident, raising security concerns.

In other news:

🖼️📈Donald Trump teases a follow-up to his Mugshot NFT collection, emphasizing the U.S. should lead the crypto revolution. Supporting this move, significant crypto figures have donated millions to his campaign, and Trump's running mate, J.D. Vance, is a known crypto whale.

However, the NFT market faces a downturn, with 95% of assets becoming worthless over time, raising questions about the sustainability of such ventures.

📰🤝Bloomberg Businessweek has issued an apology to Binance for publishing false allegations against the exchange and its founder, Changpeng Zhao.

The Chinese edition admitted its mistake, retracted the statements, and committed to donating to the Songzi, Hubei Province Special Education Foundation to make amends.

Binance welcomed the retraction, emphasizing its dedication to innovation and user service. It marks a significant moment following CZ's legal actions last year.

🚨📉The SEC has abruptly canceled its closed-door meeting with Ripple, causing XRP prices to drop by 8%. Speculation is rife, with some attributing the cancellation to the SEC's focus on the approval process for spot Ethereum ETFs.

While XRP holders hoped for settlement news, the SEC's sudden move leaves the future of XRP's regulatory status uncertain.

DailyCoin Daily Meme

Zodia Markets Acquires Elwood’s Crypto OTC Business in New Jersey

Zodia Markets announced Wednesday that it acquired Elwood Capital Management Ltd (ECML) in a “landmark” deal.

Angel Drainer Shuts Down After “De-anonymization” of Members

Infamous crypto phishing software Angel Drainer has reportedly shut down after its developers were potentially identified by security experts.

XRP Soars 61%: Is a Ripple Lawsuit Verdict Getting Priced In?

Explore XRP's remarkable 61% value surge tied to Ripple's legal battles with the SEC. Dive into this pivotal moment in cryptocurrency on DailyCoin.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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