According to Odaily, Canto has officially launched an ambassador level system. The primary aim of this system is to provide a clear path for growth, recognition, and increased participation within the Canto ecosystem. The ultimate goal is to nurture a community that is more engaged and proactive.

The ambassador level system includes various levels such as Junior Ambassador, Ambassador, and Senior Ambassador. This new system is expected to encourage more active participation and engagement within the Canto community. The details of the registration process and the specific roles and responsibilities of each level have not been disclosed yet.

This move by Canto is seen as a strategic step towards fostering a more dynamic and involved community. By providing a clear path for growth and recognition, Canto hopes to motivate its members to contribute more actively to the ecosystem. The introduction of the ambassador level system is expected to bring about a positive change in the community dynamics and overall ecosystem of Canto.

According to Odaily, Layer 3 blockchain Orbs has announced the launch of its Liquidity Hub on Fenix Finance. This deployment is set to enhance the available liquidity on Blast DEX and provide higher capital efficiency for L2 users.

Orbs, a Layer 3 blockchain, is making strides in the decentralized finance (DeFi) sector with its latest move. The launch of the Liquidity Hub on Fenix Finance is a significant step forward in improving the liquidity available on Blast DEX. This move is expected to provide a boost to the capital efficiency for L2 users, thereby enhancing the overall user experience.

The deployment of the Liquidity Hub on Fenix Finance by Orbs is a clear indication of the growing trend of blockchain technology integration into financial systems. This move is expected to bring about significant improvements in the DeFi sector, particularly in terms of liquidity and capital efficiency. The impact of this development on L2 users is also anticipated to be substantial, with increased capital efficiency being a key benefit.

According to Odaily, the founder of BlockTower Capital has indicated that the actions of the U.S. Securities and Exchange Commission (SEC) against venture capital signify the agency's expanding crackdown on cryptocurrency. Ari Paul, the Chief Investment Officer of the agency, stated on the Unchained podcast on Wednesday that the U.S. SEC has initiated 'a series of investigations into venture capital firms as unregistered securities dealers.'

Some venture capital firms have violated the regulator's strict securities laws through discounted token transactions they have reached with cryptocurrency projects. This development marks the latest upgrade in the U.S. Securities and Exchange Commission's crackdown on the digital asset industry. The SEC's actions are seen as an expansion of their regulatory scope into the realm of cryptocurrencies, indicating a more stringent approach towards the digital asset industry.

According to Odaily, the Financial Sector Conduct Authority (FSCA) in South Africa has granted 63 licenses to Crypto Asset Service Providers (CASP). This approval has increased the total number of licensed CASPs in South Africa to 138.

The FSCA reported that it has received 383 applications from entities seeking to provide crypto-related services. Out of these, five applications were rejected for not meeting the local financial services regulations' 'fit and proper' requirements. Additionally, 80 applications were voluntarily withdrawn by the applicants after contact with the financial services regulatory authority.

According to PANews, Justin Sun, a prominent figure in the cryptocurrency world, has expressed his willingness to negotiate with the German government. He proposes to purchase all their Bitcoin holdings through over-the-counter (OTC) transactions. Sun's intention behind this approach is to minimize any potential impact on the market.

Over-the-counter transactions are trades that occur directly between two parties, without the supervision of an exchange. This method is often used for large volume trades to avoid significant price fluctuations that could occur if the trade was executed on an open exchange. Sun's proposal to the German government indicates his concern for maintaining market stability.

While the German government has not yet responded to Sun's proposal, the move highlights the increasing interest and involvement of governments and institutional investors in the cryptocurrency market. The outcome of this potential negotiation could have significant implications for the future of Bitcoin and the broader cryptocurrency market.

According to Odaily, Horizon Protocol has announced a collaboration with Phoenix Global's AlphaNet to launch a perpetual futures trading service. The spot trading currently supported by Horizon Protocol includes Real World Assets (RWA) such as fiat currencies (USD, Euro, Yen) and commodities (gold, silver). The expansion into futures trading will also support RWA trading pairs.

This partnership marks a significant step in the expansion of Horizon Protocol's services. By collaborating with Phoenix Global's AlphaNet, they are able to offer a wider range of trading options to their users. The inclusion of Real World Assets in both spot and futures trading provides a unique opportunity for traders to diversify their portfolios and engage in more complex trading strategies.

The announcement did not provide specific details on when the new futures trading service will be launched. However, the collaboration between Horizon Protocol and Phoenix Global's AlphaNet is expected to significantly enhance the trading experience for users by providing more options and flexibility in their trading strategies.

According to Odaily, Ether.Fi, an Ethereum liquidity pledge protocol, has announced the launch of its Cash Card product on platform X. The physical card is expected to be delivered to users in September of this year. The Cash Card is divided into four levels, allowing users to borrow and spend by using their account balance as collateral. Higher-level cards come with 'Genie' service, offering better interest rates and exchange rates.

According to Foresight News, the Securities and Exchange Commission (SEC) of Nigeria has mandated that Virtual Asset Service Providers (VASP) in the country must establish an office within Nigeria to be eligible to participate in its framework program. The SEC stated that these institutional entities must be registered and have an office in Nigeria to qualify for the Accelerated Regulatory Incubation Program (ARIP). Furthermore, the Chief Executive Officer or General Manager must reside in Nigeria.

Applicants must be engaged in investment and securities business and are either seeking registration or are currently submitting applications related to virtual assets to the United States Securities and Exchange Commission. This move by the Nigerian SEC is seen as a step towards regulating the burgeoning virtual asset market in the country, ensuring that the operations of these service providers are within the purview of the country's regulatory framework.

According to Foresight News, F2pool has reported that Bitcoin miners operating with ASIC machines of less than 23 W/T efficiency are incurring losses when the price of Bitcoin falls below $58,000. This calculation is based on an electricity rate of $0.08 per kilowatt-hour.

The profitability of Bitcoin mining is closely tied to the price of the cryptocurrency. When the price drops, miners with less efficient equipment may find their operations unprofitable due to the high energy costs associated with mining.

F2pool's report highlights the challenges faced by miners in a volatile cryptocurrency market. It also underscores the importance of energy efficiency in the mining process, particularly in a climate of fluctuating Bitcoin prices.

According to BlockBeats, Jam.so, a platform for the creator economy, has integrated the Social Abstract Account (SAA) of Tako Protocol on July 4. The SAA is a new component launched by Tako Protocol V2. It is compatible with Farcaster ID and Lens Profile, and also supports access to social platform accounts such as X and Telegram, realizing the expansion and combinability of social graphs.

After integrating SAA, users of Jam.so can achieve more convenient email login and one-stop social account management. The integration of SAA into Jam.so not only simplifies the process of logging in via email but also allows for the management of social accounts in one place. This move is expected to enhance the user experience by providing a more streamlined and efficient way of managing social accounts.

According to Odaily, the sanctioned address belonging to Russian national Jonatan Zimenkov has resumed activity after being dormant for 726 days. The transaction involved 5,462 ETH, valued at 17.1 million USD. It is reported that Jonatan Zimenkov's address is associated with Russian arms export intermediaries.

The sudden activity of this previously dormant address has raised eyebrows in the crypto community. The substantial amount of Ethereum involved in the transaction underscores the potential scale of operations that Zimenkov might be involved in.

The connection of Zimenkov's address to Russian arms export intermediaries adds another layer of intrigue to this development. It remains to be seen what implications this might have on the broader crypto market and regulatory landscape.

According to Foresight News, Japan's securities and banking giant, SBI Group, is collaborating with South Korea's Kyobo Life Insurance Group to explore business opportunities in digital finance and technology. The two have already established a partnership in a venture capital fund that covers the fintech sector in Southeast Asia. As per the latest agreement, SBI may participate in the Korean ecosystem and financial groups related to the issuance of security token offerings (STOs).

According to Foresight News, Notcoin, a Click-to-Earn game project in the TON ecosystem, has announced a collaboration with Helika Gaming. The partnership aims to launch a specialized accelerator program, the Telegram Gaming Accelerator, for game developers. The initiative is backed by a $50 million fund provided by Helika Accelerate, and it is designed to support game studios, mobile app developers, and independent creators. The first round of applications for the program will open next week.

According to Odaily, the decentralized exchange (DEX) Aerodrome, built on the Base platform, has reported a significant increase in its daily trading volume over the past three weeks. The DEX, known as Aerodrome Slipstream, has consistently outperformed Uniswap in comparable trading pairs during this period.

The announcement was made on the X platform, where Aerodrome shared its recent performance. The DEX has been experiencing a steady rise in its daily trading volume, surpassing that of Uniswap, a well-known decentralized finance protocol. This achievement marks a significant milestone for Aerodrome Slipstream, demonstrating its growing popularity and acceptance within the crypto trading community.

The report did not provide specific figures for the trading volumes. However, the consistent outperformance of Aerodrome Slipstream over Uniswap in the past three weeks indicates a shift in the preferences of traders and investors. The reasons behind this shift were not detailed in the announcement. Further updates and details are expected to be shared by Aerodrome in the coming weeks.

According to Odaily, the decentralized public network Nillion has announced that its community round token distribution has been completed. The network has also indicated that it will be launching more community-oriented programs in the future, and stakeholders should look out for announcements regarding a broader A-round token sale.

Previously, on June 20, Nillion Network initiated its NIL token issuance on the Coinlist platform. The community round financing was valued at $400 million, and it was set to offer the same (or higher) token supply percentage as the A-round. The purchase period was from 1 am on June 20, 2024, to 1 am on June 27, 2024.

The sale offered 35 million NIL tokens, which accounted for 3.5% of the total supply. The Token Generation Event (TGE) is expected to take place in late August 2024.

According to Odaily, CoinStats, a popular cryptocurrency platform, has announced that all its features are now fully restored and operating normally. This development comes after the platform had to temporarily suspend user activities due to a security vulnerability that affected 1,590 crypto wallets.

The security breach led to a temporary halt in user activities as the platform worked to address the issue and ensure the safety of its users' assets. CoinStats has not provided any further details about the nature of the security breach or how it was resolved. However, the announcement of the full restoration of its services indicates that the platform has successfully addressed the issue.

The incident underscores the importance of robust security measures in the cryptocurrency industry, where digital assets are often targeted by cybercriminals. CoinStats' quick response and resolution of the issue demonstrate its commitment to providing a secure platform for its users.

According to Odaily, Parallel Network, a comprehensive Layer 2 (L2) solution, has announced the activation of its withdrawal feature. This new functionality allows users to extract their assets to Ethereum, Manta, Merlin Chain, and Arbitrum One.

The Parallel Network, an L2 network, is designed to enhance the scalability and efficiency of blockchain transactions. With the introduction of the withdrawal feature, users can now seamlessly transfer their assets across multiple blockchain platforms. This development is expected to improve the flexibility and interoperability of transactions within the blockchain ecosystem.

The platforms supported by this new feature include Ethereum, a decentralized, open-source blockchain with smart contract functionality; Manta, a privacy-preserving DeFi stack; Merlin Chain, a blockchain platform focused on providing solutions for the gaming industry; and Arbitrum One, an Ethereum Layer 2 scaling solution.

This move by Parallel Network is a significant step towards fostering a more integrated and efficient blockchain environment. It not only enhances the user experience by providing more options for asset management but also promotes the seamless interaction between different blockchain platforms.

According to BlockBeats, on July 4th, several Mt.Gox wallets participated in small transaction tests hours before the repayment of $9 billion worth of Bitcoin. Arkham Intelligence reported that these transactions involved three wallets previously associated with the collapsed trading platform. The largest transaction was a Bitcoin worth $24.

When the Mt.Gox funds were last massively transferred, these funds were primarily consolidated into three wallets. When this occurred, a wallet once used as an intermediary was left with $24. According to Arkham tags, in the past few hours, this small amount of Bitcoin was forwarded to a wallet, which then sent the funds to Bitbank's hot wallet. The remaining Bitcoin was sent to a new wallet.

According to Odaily, blockchain detective ZachXBT has reported that over 78% of the supply of the SMASH token, issued by professional wrestler Khamzat Chimaev, has been purchased by his team. The analysis confirmed that 71% of the wallets of the internal staff and development team are directly related, as these wallets are funded by the same address on Ethereum.

This significant acquisition indicates a strong belief in the potential of the SMASH token by Chimaev's team. The fact that a majority of the wallets are directly linked and funded by the same Ethereum address further strengthens this belief.

However, it is important to note that such a high percentage of token ownership by a single entity could potentially lead to market manipulation. Investors should therefore exercise caution and conduct thorough research before investing in the SMASH token or any other cryptocurrency.

According to BlockBeats, the floor price of the Nobody NFT project, which was launched in collaboration with Zhou Xingchi, has fallen to 0.077 ETH, a drop of over 60% from its initial price of 0.19527 ETH.

The NFT series was first issued on February 1st of this year. At the time of its launch, the floor price had momentarily surpassed 0.9 ETH. However, recent market data from Blur indicates a significant decrease in value.

Despite the current downturn, the project's initial success indicates the potential for future growth and recovery. The collaboration with Zhou Xingchi, a well-known figure, could also contribute to its appeal to investors and collectors.

However, the recent drop in floor price serves as a reminder of the volatility inherent in the NFT market. Investors are advised to exercise caution and conduct thorough research before making any investment decisions.