Cryptorias

Hodler's Digest: DeFi Undergoes Stress Test, DoJ Concerned About Binance Run, and Hong Kong's Crypto Trading, July 30 - Aug. 5

Hodler’s Digest: DeFi Undergoes Stress Test, DoJ Concerned About Binance Run, and Hong Kong’s Crypto Trading, July 30 – Aug. 5

– Over $61 million was stolen from Curve Finance’s pools in a security incident, exposing vulnerabilities in the DeFi ecosystem.

– The US Department of Justice is considering charging Binance with fraud but is concerned about the potential harm to consumers.

– HashKey and OSL have obtained licenses to expand their cryptocurrency trading services to retail investors in Hong Kong.

– Coinbase denies reports that the SEC told it to delist all cryptocurrencies except for Bitcoin.

– The Ethereum network celebrates its 8th birthday, marking its growth as the second-largest crypto asset.

– Bitcoin is at $28,985, Ether at $1,823, and XRP at $0.63 at the end of the week.

– Helium, XDC Network, and Bone ShibaSwap are the top altcoin gainers, while Compound, Curve DAO Token, and Stellar are the top altcoin losers of the week.

– Ilya Lichtenstein admits to hacking Bitfinex in 2016 and stealing 119,754 Bitcoin.

– FTX founder Sam “SBF” Bankman-Fried is speculated to be secretly behind the controversial Bald memecoin.

– CertiK issued a warning about a potential rug pull in a crypto project called Crypto Cars, which later shut down.

– An analysis suggests that Bitcoin has not yet seen the majority of its gains this cycle.

– Cointelegraph features explore deposit risks on crypto exchanges and the impact of Facebook’s losses in the metaverse.

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