Following a failed assassination attempt on former President Donald Trump, his chances of winning the U.S. presidential election surged. The incident occurred during a rally in Pennsylvania, where shots were fired, injuring Trump. Despite the chaos, Trump's campaign assured his safety. Traders on Polymarket reacted by increasing the 'Yes' shares for Trump winning the election, indicating a 70% chance of victory. Conversely, Biden's odds decreased to 17%. Experts predict the attempt may boost Trump's support, drawing parallels to historical events. Memecoins named after Trump saw price spikes, reflecting market sentiment. Notably, Trump's evolving stance on cryptocurrency has garnered support from industry leaders like Elon Musk. The incident has stirred speculation and market reactions, shaping the narrative of the upcoming election. Read more AI-generated news on: https://app.chaingpt.org/news

Token unlock refers to the release of previously restricted tokens in a controlled manner to prevent market pressure and price drops. Factors like liquidity and investor profit-taking can influence asset dynamics. Next week, major token unlocks to monitor include Optimism, Starknet, Arbitrum, Axie Infinity, and ApeCoin. Optimism will release 10 million OP tokens for a public goods funding program. Starknet will unlock 64 million STRK tokens for investors. Arbitrum plans to release over 90 billion ARB tokens. Axie Infinity will distribute 2.45 million AXS tokens for staking rewards. ApeCoin will unlock 15 million tokens. While token unlocks are often viewed as bearish, strategic planning can enhance a project's sustainability, motivate teams, engage communities, and foster ecosystem growth. Read more AI-generated news on: https://app.chaingpt.org/news

BONK's price struggles to surpass $0.00002500, hindering its progress to break through the next resistance level. Investors are increasingly pessimistic, with some anticipating a price decline. The Chaikin Money Flow indicator for BONK recently broke its downtrend, hinting at a potential shift in market sentiment. However, this positive momentum seems to be fading, raising concerns about its sustainability. As the CMF indicator drops below zero, it indicates growing selling pressure. Additionally, the negative funding rate suggests a bearish outlook, with short positions outweighing long positions. These factors combined may lead to increased selling pressure on BONK. Failure to breach the $0.00002748 resistance level could result in consolidation between $0.00002748 and $0.00002153. A further decline could push the price below $0.00002000. Conversely, breaking the $0.00002748 barrier could signal a potential recovery for BONK. Read more AI-generated news on: https://app.chaingpt.org/news

Following an assassination attempt on former President Donald Trump, the price of the Ethereum-based MAGA memecoin (TRUMP) skyrocketed by over 30%. The market capitalization of TRUMP surged from $293 million to $469 million within 45 minutes. Additionally, other Trump-themed memecoins like Solana-based Tremp (TREMP) and MAGA Hat (MAGA) also saw significant price spikes. Despite the incident, Trump emerged unharmed and even saw a boost in his predicted odds of winning the upcoming election on the Ethereum-based prediction market Polymarket. Trump's evolving stance on cryptocurrencies, from calling Bitcoin a scam to promising to end the Biden administration's 'war on crypto,' has caused a stir in the crypto community. This event has exposed a sudden rift among Democrats months before the election. Read more AI-generated news on: https://app.chaingpt.org/news

Alexey Pertsev, the creator of Tornado Cash, a crypto mixer under OFAC sanctions, has been denied bail as his legal team prepares to appeal money laundering charges. Despite requesting access to a computer for his defense preparation, Pertsev's bail was rejected by the court. His lawyer, Judith de Boer, criticized the decision, calling the pre-trial detention unacceptable for a case involving complex legal issues. Pertsev was convicted of money laundering in the Netherlands and sentenced to over five years in prison. This marks the third time his bail request has been denied, with concerns raised about his alleged role in Tornado Cash's operations. Supporters, including JusticeDAO, have condemned the ruling as unjust and are raising funds for his legal defense. The case raises questions about developer liability for third-party misuse, highlighting the importance of legal clarity in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

Partior, a blockchain settlement network and fintech services firm supported by JP Morgan, Standard Chartered, and Temasek, has closed a successful $60 million series B funding round led by Peak XV Partners. The funding, with contributions from Valor Capital Group and Jump Trading Group, will be used to enhance Partior's global unified ledger, a blockchain-based platform for real-time cross-border clearing and settlement. Founded in 2021 in Singapore, Partior aims to streamline cross-border payments, trade transactions, and foreign exchange settlements. Peak XV Partners, a group spun out of Sequoia Capital, led the recent funding round, signaling a move towards decentralization. Shailendra Singh, Managing Director at Peak XV, praised Partior's ambitious mission and expressed enthusiasm for the funding in a blog post. Read more AI-generated news on: https://app.chaingpt.org/news

MakerDAO, known for MKR token and DAI stablecoin, announced a $1 billion plan for tokenized treasuries to drive industry innovation. The Spark Tokenization Grand Prix competition, starting on August 12, 2024, aims to onboard $1 billion in assets, focusing on US Treasury Bills. Criteria include pricing, liquidity, and alignment with SparkDAO's vision. Maker Governance will make final decisions. The initiative aligns with DeFi trends, like Arbitrum diversifying $24.5 million into various products. Tokenized treasury market cap has grown from $580.3 million to $1.85 billion YoY. Geographic and regulatory restrictions may apply. Superstate's USTB intends to participate. MakerDAO and Arbitrum's moves reflect the growing tokenized treasury sector. RWA.xyz data shows a 218.8% increase in market cap. BeInCrypto ensures unbiased reporting and advises independent verification before decision-making. Read more AI-generated news on: https://app.chaingpt.org/news

Shytoshi Kusama, the lead developer of Shiba Inu, has revealed ambitious plans for the cryptocurrency project. In an exclusive interview, Kusama discussed strategies for market capitalization growth and technological advancements. Contrary to rumors, he clarified that he is not Elon Musk. The goal is to transform Shiba Inu into a trillion-dollar decentralized entity. Kusama highlighted the potential of crypto adoption, emphasizing Shiba Inu's role in transitioning to Web3. The team sees meme coins as a gateway to blockchain technology, aiming to compete with tech giants like Google. Key programmer Kaal Dhairya emphasized the importance of transitioning to Web3 for businesses. Shiba Inu's goal is to create a lasting technology with a strong community and global accessibility. Kusama believes Shiba Inu has the necessary framework for long-term success in the crypto space. Read more AI-generated news on: https://app.chaingpt.org/news

A flash loan attack has struck Dough Finance users, resulting in significant financial losses. On June 12, 2024, Cyvers, a security firm specializing in crypto attack detection, identified suspicious activity within the protocol. Following this discovery, Cyvers promptly notified Aave, a lending protocol, to assess any potential impact from the hacker. While Aave's pools remained unscathed, Dough Finance, an Ethereum-based liquidity protocol, bore the brunt of the attack. The breach only affected users with funds linked to the compromised smart contract. Despite containing the breach, concerns linger among Dough Finance users regarding fund safety and the platform's future use. Exploiting a vulnerability in Dough Finance's 'ConnectorDeleverageParaswap' smart contract, the hacker manipulated the system by bypassing data validation during flash loan calls. This loophole enabled the theft of approximately $1.8 million in ETH. The Dough Finance team is investigating the incident and enhancing security measures. Security experts advise users to transfer funds to safer platforms temporarily and refrain from interacting with Dough Finance's smart contracts. Read more AI-generated news on: https://app.chaingpt.org/news

Following a landslide victory for the UK Labour Party, Prime Minister Keir Starmer appointed Tulip Siddiq as the Economic Secretary to the Treasury and City Minister. Siddiq, known for advocating stricter cryptocurrency regulations, aims to implement comprehensive frameworks for crypto assets. She criticized the previous Conservative government's approach to crypto as the 'Wild West' and emphasized the need for proper regulation to attract fintech companies. Siddiq's appointment has raised expectations of the UK becoming a global hub for tokenized assets. However, the new government's stance on digital assets remains uncertain. With Labour focusing on housing and healthcare, the development of Web3 regulatory infrastructure might be delayed. In the US, the upcoming 2024 election could also impact blockchain policies. The Chamber of Progress has urged President Biden to address regulatory clarity on crypto. Overall, Siddiq's appointment signals a potential shift towards stricter crypto regulations in the UK. Read more AI-generated news on: https://app.chaingpt.org/news

The recent week saw a significant increase in the prices of Layer 2(L2) tokens. Notably, leading L2 tokens like Optimism (OP), Arbitrum (ARB), and Polygon (MATIC) experienced price hikes of 35%, 17%, and 14% respectively. Starknet's native token, STRK, also saw a 16% growth, trading at $0.55. The rise in STRK's demand boosted its daily transaction volume to $38.31 million on July 11, a 15% increase from the previous day. The surge in price began on July 5, rising by over 19% since hitting an all-time low. The uptrend in daily transaction volume indicates increased market activity and investor interest. Additionally, the rise in futures open interest by 10% signals bullish market sentiment. However, caution is advised as indicators suggest a potential weakening of the current uptrend, with a risk of price dropping to $0.51 if recent gains are not sustained. Read more AI-generated news on: https://app.chaingpt.org/news

Three executives, Jayson Hobby, Geoffrey Hayes, and Mykel Pereira, have left Compound Finance to pursue a new venture. The departure coincided with a hacking incident on the platform's website, highlighting the growing threat of cyber attacks in the crypto space. Hobby, who served as CEO for five years, expressed pride in Compound's journey towards decentralization. He now joins Legend, a blockchain platform focusing on user experience in DeFi. The hacking incident, where a phishing site targeted users, underscored the importance of vigilance in the crypto community. Despite the security breach, user funds in Compound remained safe. This event serves as a reminder of the ongoing challenges of phishing attacks in the industry. Compound Labs, a major DeFi player, continues to hold significant assets in the crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

Nigerian blockchain and data specialists have offered their perspectives on the National Information Technology Development Agency's (NITDA) initiative to create a local blockchain called 'Nigerium.' This ambitious endeavor aims to safeguard data sovereignty and enhance national security. However, stakeholders emphasize the importance of ensuring that the Nigerium project is developed domestically, utilizing local talent and addressing key infrastructure and policy hurdles. Nathaniel Luz, CEO of Flincap, stressed the significance of Nigerian professionals leading the project, highlighting the country's potential in global blockchain initiatives. Despite supporting the initiative, Luz warned against overlooking essential groundwork, citing issues faced by the eNaira digital currency project. Another expert, Obinna Uzoije, praised NITDA's efforts but urged improvements in data collection practices to enhance state capacity. Nigeria's interest in blockchain technology is evident through recent policy restructuring and plans to establish research centers focusing on emerging technologies like blockchain. Read more AI-generated news on: https://app.chaingpt.org/news

The Republican Party, in its 2024 platform, expressed concerns about a potential US central bank digital currency (CBDC) being a privacy-invading surveillance tool. The focus should be on building a CBDC resistant to cyberattacks, especially with the looming threat of quantum computing. Despite political opposition, CBDCs are gaining interest globally. Pilot projects by MIT and The Digital Dollar Project have highlighted the need for quantum-resistant designs. The US must prioritize post-quantum algorithms to safeguard its monetary system. Initiatives like the National Quantum Initiative Act and CISA's Quantum Readiness roadmap are steps in the right direction. However, there is a lack of specific post-quantum research for CBDCs. Investing in post-quantum research and development for CBDCs is crucial for national security. Legislative efforts to ban CBDC research are not the solution; instead, focus should be on developing CBDCs with post-quantum features to secure America's financial future. Read more AI-generated news on: https://app.chaingpt.org/news

The European Union has reaffirmed its partnership with ChromaWay to create blockchain-based sustainability solutions. This decision follows ChromaWay's presentation at the EU Pre-Commercial Procurement (PCP) final review meeting, showcasing advancements in decentralized applications for Digital Product Passports (DPP) and intellectual property (IP) rights. ChromaWay's relational blockchain technology, combining relational databases' flexibility with blockchain's security, was highlighted for its efficiency in organizing onchain data. The EU's positive evaluation of ChromaWay's contributions demonstrates the potential of relational blockchain to make significant impacts in public and private sectors. This aligns with the EU's strategy to integrate innovative blockchain solutions for sustainability and efficiency. Chromia, ChromaWay's decentralized applications platform, is set to launch its mainnet soon, aiming to develop institutional solutions in collaboration with the EU. The EU's partnership with ChromaWay and other blockchain projects reflects its commitment to technological advancements for economic and environmental benefits. Read more AI-generated news on: https://app.chaingpt.org/news

The European Union revealed on July 12 that Elon Musk's X.com has been preliminarily determined to have violated the Digital Services Act (DSA). The EU's initial findings state that X breached the DSA on three counts and could face fines of up to 6% of its global annual turnover. The investigation, initiated in December 2023, highlighted concerns such as X's moderation practices, use of artificial intelligence, and lack of transparency. Musk and X have been notified of the violation, but they have the right to defend themselves. The issue revolves around X's verification system and its handling of advertising and data for researchers. If found guilty, X could be fined over $200 million and be subjected to supervision to comply with the law. Musk's response on X's verification system has sparked speculation. The situation underscores the importance of compliance with regulations in the crypto world. Read more AI-generated news on: https://app.chaingpt.org/news

Zaros, a decentralized exchange (DEX) specializing in perpetual futures, was recently featured in a Cointelegraph X Spaces session. Co-founders Guilherme Bettanin and Pedro Bergamini discussed Zaros' unique features, strategic partnerships, and plans for decentralized governance. The platform aims to provide a user-friendly experience similar to centralized exchanges (CEXs) by offering features like liquid staking, intuitive UI/UX, and support for various assets. Zaros also rewards traders and liquidity providers through a points system and offers boosted returns through Restaking Vaults. LPs can earn a base rate of 70% of trading fees, with the remaining 30% allocated to the Zaros DAO. The platform's stablecoin, USDz, streamlines settlements and accepts multiple collateral types. Zaros is currently in public testing on Arbitrum Sepolia and plans to deploy on Monad's mainnet. The team envisions a hybrid order book and AMM to optimize trading execution and reduce costs for users. Read more AI-generated news on: https://app.chaingpt.org/news

Following the approval of Spot Ethereum ETFs by the SEC, altcoins like Shiba Inu are eyeing their own ETFs. The marketing lead for Shiba Inu highlighted the benefits of a SHIB ETF, including attracting traditional investors and increasing demand for the cryptocurrency. Institutional investors could also diversify their portfolios with SHIB ETFs. However, drawbacks such as centralization, third-party ownership, and additional costs were also pointed out. Despite these concerns, the community is rallying for a SHIB ETF, with a petition to Grayscale Investments gaining significant support. The potential approval of a SHIB ETF could bring both advantages and challenges to the crypto space, impacting how investors engage with Shiba Inu and other digital assets. Read more AI-generated news on: https://app.chaingpt.org/news

A bipartisan group of US senators is pushing for legislation to prohibit members of Congress from trading stocks. The senators proposed amending the Stop Trading on Congressional Knowledge Act of 2012 to prevent lawmakers from engaging in stock trading. They emphasized that Congress should not profit from exclusive information, highlighting instances where members outperformed the market. The proposed changes include a ban on trading within 90 days of the bill's enactment and restrictions on the president, vice president, and family members. Violators would face fines based on the asset's value. The senators stressed the need to restore public trust in democratic institutions and prioritize constituents over personal gain. The move follows revelations of profitable trades by top lawmakers, sparking calls for stricter regulations. The initiative aims to address unethical behavior and promote transparency in government. Read more AI-generated news on: https://app.chaingpt.org/news

Elon Musk has refuted claims from a New York Times article that he had volunteered his sperm to assist in establishing a colony on Mars. The report, published on July 11, implied that Musk had instructed his team to develop a habitat capable of withstanding the harsh conditions of the red planet. Musk's team is exploring dome habitats and spacesuits suitable for Mars' extreme climate. Despite rumors circulating on social media, Musk clarified that he did not offer his sperm for this purpose. Musk has ambitious plans to build a city of one million people on Mars by 2050 and has considered the possibility of using Bitcoin as a currency on the planet. While initially skeptical, Musk later acknowledged the potential feasibility of using Bitcoin on Mars, albeit with challenges to overcome. Read more AI-generated news on: https://app.chaingpt.org/news