G’day DailerCoiners,

Despite a predicted dip over the weekend, BTC held strong at a smidge over $30k

Let’s don our wetsuits and dive in.

• ⚡ Lightning Speed Binance

• 👍 ​​SEC Nods to Bitcoin

• 🧐 Celo Seeks Ethereum Shift

⚡ Binance Strikes Lightning: Enables Rapid Bitcoin Transactions

In a bid to turbocharge Bitcoin transactions, top-tier cryptocurrency exchange Binance has integrated the Bitcoin Lightning Network into its system. 

Announced today (Monday), this advancement allows Binance users to utilize the Lightning Network for fast-paced Bitcoin deposits and withdrawals.

Sometimes you gotta strike while the iron is hot! 🏎️

Operating like a high-speed railway above the Bitcoin blockchain, the Lightning Network expedites transactions by creating private 'channels' between peers. 

When closed, these channels record transactions and broadcast the final balances to the blockchain, ensuring security and deterring fraudulent activity.

Binance users can now select 'LIGHTNING' for Bitcoin transactions, placing it on par with the likes of Bitfinex, River Financial, OKX, Kraken, and CoinCorner. 

So, not the first to do this then. 🙄

This strategic move follows a temporary suspension of BTC withdrawals due to a surge in pending transactions, serving as a reliable solution to network congestion.

Jobs of the Week!

Director, Financial Crimes Transaction Monitoring

Circle

Los Angeles

$185,000.00 to $260,000.00 per year

Circle, is seeking a Director for Financial Crimes Transaction Monitoring. This role involves enhancing global AML/CTF transaction monitoring programs, defining scenarios, rules and thresholds, and utilizing machine learning and artificial intelligence to detect unusual activity. Requires AML/CTF experience, deep knowledge of cryptocurrency transactions, and experience with blockchain analytics.

Consumer Loan Specialist - Sales Customer Service

Republic Finance

Republic Finance seeks a Consumer Loan Specialist to originate consumer loans, manage customer relationships, meet sales goals, and resolve customer issues. The position requires sales experience, excellent communication skills, and proficiency in Windows and Microsoft Office. Offers competitive salary, benefits, and bonuses.

Investment Consultant - Reston, VA

Charles Schwab

Reston

Charles Schwab seeks an Investment Consultant to provide advice to clients on financial needs, make proactive outbound calls, and identify additional opportunities. Requires Series 7 and Series 66 licenses, and experience in the financial services industry. Offers salary and potential bonuses.

💚 BlackRock's Bitcoin ETF Application: SEC Signals Consideration

The SEC is turning its regulatory gaze toward BlackRock's spot Bitcoin exchange-traded fund (ETF) application, marking a potential milestone toward America's first spot Bitcoin ETF.

On July 13, the SEC added BlackRock's application to its list of proposed rulemaking filings for the Nasdaq, indicating that the application is being taken seriously. 

I’m not going to be holding my breath. 🤞

Given BlackRock's global prominence in asset management, this move is seen as a potential bellwether for increased institutional adoption of Bitcoin and other cryptocurrencies.

To allay SEC concerns about the comprehensiveness of the initial ETF applications, BlackRock included a "surveillance-sharing" agreement with U.S. crypto exchange Coinbase in its revised application. 

Hmm….I’d like to know how much “sharing” they are proposing! 🤔

Meanwhile, other asset managers such as Ark Invest and Fidelity Investments are following suit, amending their respective applications.

This development marks another step towards mainstreaming cryptocurrencies, with Bitcoin ETFs providing a gateway for investors to venture into Bitcoin without directly holding the token.

🐛➡️🦋 cLabs Proposes Transition of Celo into Eth Layer-2

In a noteworthy proposal, cLabs, the core developer of the Celo blockchain, has expressed plans to transform Celo from a Layer-1 network to a Layer-2 solution built on Ethereum. 

This substantial move could strengthen security, offering improved security guarantees.

It is also the kind of move that happens at the start of mass adoption cycles…smaller entities join with larger ones…Just like the dotcom boom. 💥

The proposal suggests that Celo, currently an Ethereum Virtual Machine-compatible blockchain, will base its future version on a Layer-2 rollup model. 

Interestingly, the transition is described as a technical upgrade that won't impact the existing Celo app ecosystem, including Uniswap, Sushiswap, Valora, Mento, and UbeSwap. 

This proposed shift signifies another stride toward the integration and collaboration of blockchain networks.

As a wise man just said four paragraphs ago! 🦉

DailyCoin Daily Meme

Circle’s USDC Sees $100M Drop as USDT Gains Momentum

While the reduction in USDC circulation during the previous week is striking, it is not an isolated event. Over the past month, a significant...

FOX Journalist Mocks XRP, Unknowingly Endorses Fake Airdrop

The original tweet consisted of an ironic remark: “Ummm @Ripple keeps reminding me XRP and @Ripple are not connected in any way. I guess...

PEPE Coin Case Study: How to Stay Safe in Meme Coin Mania

The greatest tragedy isn’t the sheer volume of scams and rugpulls launched in the wake of Pepe Coin; it’s the fact that they were easily...

Thanks for joining us!

If you're hungry for more, there's always 

our website

.

See you next time for more crypto fun!