Vertex (Mantle) has introduced an enticing rewards initiative, allowing traders to earn a portion of 900,000 MNT tokens across 12 weeks. The program aims to motivate both makers and takers through a systematic distribution model for fair rewards. The total reward pool is divided between takers and makers to promote active engagement on the platform. Takers, who execute trades, receive the majority of rewards, while makers, providing market liquidity, also benefit significantly. Rewards for takers are distributed weekly based on trading activity, with up to 75% of taker fees returned as MNT rewards. Maker rewards, distributed over longer epochs, recognize contributions to market stability. The program emphasizes market support, uptime, and fees to reward active participants. Key dates and claiming procedures are outlined to ensure participants maximize their rewards. Overall, the MNT Trading Rewards program on Vertex (Mantle) offers a lucrative opportunity for traders to enhance profitability and engagement. Read more AI-generated news on: https://app.chaingpt.org/news

Jamie Coutts, the chief crypto analyst at Real Vision, recently ranked layer-1 networks based on their network growth. Surprisingly, lesser-known networks like Sui and Mantle topped the list. Sui saw a remarkable 3503% increase in Daily Active Users (DAUs) in the last three months, while Mantle experienced a 518% growth. Other networks in the top five included Celo, Arbitrum, and Blast with DAU growth of 414%, 157%, and 107% respectively. Despite impressive growth, TON slipped to sixth place with a 97% increase. Ethereum's Base also made the list with a 78.6% growth. Major networks like Bitcoin and Ethereum saw declines in DAUs, while Solana's decline was unexpected given its meme coin ecosystem. Overall, the increase in total DAUs across networks suggests a positive outlook for the crypto ecosystem, potentially impacting token prices. Coutts predicts a total of 20 million DAUs in crypto networks by year-end, indicating further growth and investment opportunities. Read more AI-generated news on: https://app.chaingpt.org/news

MiniPay has expanded its cryptocurrency support by integrating USDT and USDC, enhancing its appeal to users who prefer stablecoins for transactions and savings. The move aligns with Opera Mini's goal of financial inclusion, providing users in emerging markets with access to digital financial services without the volatility of other cryptocurrencies. The integration of stablecoins improves user experience by offering secure, low-volatility transaction options, facilitating e-commerce and other financial activities. MiniPay's new feature, Pockets, allows easy swaps between cUSD and stablecoins. The integration of USDT and USDC is a game-changer, offering a reliable way to transact using digital currencies pegged to the US dollar. MiniPay's user-friendly interface and stablecoin support contribute to financial inclusion, empowering users in regions with unstable currencies to participate in the global digital economy. Read more AI-generated news on: https://app.chaingpt.org/news

The UK High Court has issued a Worldwide Freezing Order against Craig Wright, freezing £1.5 million of his assets in response to a defamation claim by Peter McCormack. The order aims to prevent Wright from dissipating his assets to avoid paying legal costs. Wright's fraudulent conduct during the defamation proceedings led to the court awarding only nominal damages. The court highlighted Wright's history of defaulting on payments and asset dissipation risks as reasons for the order. This legal action is part of a series involving Wright, who has faced lawsuits challenging his claim to be Satoshi Nakamoto. Additionally, Labour's proposal for a state-backed digital pound and warnings about a fake Phantom Wallet app causing financial losses are notable developments in the crypto world. Bitcoin's recent decline resulted in significant liquidations, with short-term holders bearing the brunt of losses. Read more AI-generated news on: https://app.chaingpt.org/news

Cardano's Age Consumed metric reached a 35-day high on July 4, suggesting a shift in dormant token movement. This led to a subsequent price decline, indicating a possible local top. Approximately $433 million worth of ADA coins were moved, reflecting the spike in the Age Consumed metric. The metric tracks dormant coin movement, providing insights into long-term holders' behavior. Changes in this metric often precede market trend shifts, serving as a potential price bottom or top indicator. Currently trading at $0.32, ADA has seen a 17% decline in 24 hours, with a bearish divergence between price and trading volume hinting at further declines. With a strong downtrend confirmed by the Aroon Down Line at 100%, ADA may dip to $0.31 if bearish momentum persists. However, increased buying pressure could push the price to $0.34. Read more AI-generated news on: https://app.chaingpt.org/news

Bitcoin Cash experienced a significant increase in hash rate, reaching a yearly peak as an unidentified miner controlled 90% of the network's blocks in just two days. This surge occurred as the BCH token hit a four-month low due to market fluctuations and Mt. Gox BCH repayment issues. The rise in hash rate, from 3.6 EH/s to 9.4 EH/s before stabilizing at 3.3 EH/s, signifies network health and security. The dominance of miner 'Phoenix' raised concerns about centralization risks. Additionally, BCH's price decline to $305 was attributed to the broader market downturn. As Bitcoin Cash faces challenges post-halving, questions arise about its impact on Bitcoin's future. Despite claims by Wright to be Satoshi, Bitcoin forks struggle against BTC. CryptoSlate's market report explores the impact of long-term holders and short-term holders on the Bitcoin ecosystem, emphasizing the need for caution in cryptocurrency trading. Read more AI-generated news on: https://app.chaingpt.org/news

Sam “SBF” Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, is embroiled in a financial scandal worth $100 million. The scandal revolves around the alleged misuse of company funds to support political causes. Recent emails uncovered by The Wall Street Journal revealed that SBF's family oversaw more than $100 million in political contributions. These funds, reportedly sourced from FTX customer funds, were intended to sway the 2022 election and have resulted in legal actions. The emails detailed SBF's father, Joe Bankman, advising on financial strategies for these donations. Despite claims of innocence, Joe Bankman's involvement could lead to legal repercussions. Additionally, former FTX executive Ryan Salame was sentenced to prison for financial crimes. This scandal underscores the risks associated with mixing cryptocurrency businesses and political activities. Read more AI-generated news on: https://app.chaingpt.org/news

Trust in mainstream media has plummeted in recent years, with social media platforms gaining popularity as primary sources of information. A Gallup poll in October 2023 revealed that only 32% of Americans trust mass media, a significant drop from 54% in 2003. Similarly, a Reuters study showed declining trust levels in Brazil, India, the US, and the UK. Social media platforms like X, Facebook, and TikTok have become go-to sources for news, leading to decentralized news reporting but also concerns about misinformation. Mario Nawfal, founder of International Blockchain Consulting, has capitalized on social media's power through his popular X Spaces, covering crypto trends and breaking news. Nawfal believes the shift to social media for news consumption is driven by a change in trust rather than platform evolution. His interactive Spaces offer a democratic alternative to traditional media, hosting discussions with notable figures and impacting real-world events. Listen to Nawfal's insights on social media, crypto, and more on the Decentralize with Cointelegraph podcast. Read more AI-generated news on: https://app.chaingpt.org/news

Binance, the largest cryptocurrency exchange globally, marks its seventh anniversary, highlighting the industry's growth. With over 200 million users, Binance launches the 'Be Binance' campaign to appreciate its loyal clientele. The campaign, led by Rachel Conlan, Binance's CMO, aims to reward users and commemorate the milestone. Binance's daily trading volume surpasses $25.3 billion, dwarfing competitors like Coinbase. Despite reaching 200 million users, Conlan sees immense growth potential, emphasizing education to attract mainstream users. The exchange gained 30 million new users in the first half of 2024, inching closer to the goal of one billion Web3 users. Celebratory activities include meet-ups, virtual events, and giveaways, fostering community engagement. Educational initiatives will continue to be a priority for Binance, ensuring sustained growth and user adoption in the evolving crypto landscape. Read more AI-generated news on: https://app.chaingpt.org/news

Meta's Threads, a social media platform created to leverage Elon Musk's Twitter dominance in 2023, marks its first year with aspirations to surpass Twitter, now known as X. Despite reaching 175 million monthly active users, Threads faces uncertainty in becoming a major player like X in the crypto world. Launched in July 2023, Threads initially gained traction but saw a decline in users shortly after. While Threads shows promise, it still lags behind X, which boasts 600 million monthly users. Despite offering benefits like better engagement and less bot activity, Threads struggles to attract the crypto community away from X. With X's user base shrinking slightly, Threads has room to grow but faces challenges in competing with the established platform. Read more AI-generated news on: https://app.chaingpt.org/news

Coinciding with the decrease in Bitcoin prices, the global network of active Bitcoin ATMs saw a reduction of 334 machines in less than 40 days. In June, 107 Bitcoin ATMs went offline, halting the 10-month trend of monthly increases in installations. The decline continued in July, with 227 crypto ATMs removed within five days. While countries like Australia and Spain are expanding their Bitcoin ATM presence, the United States and Europe are major contributors to the decrease. The U.S., home to 82.6% of total Bitcoin ATMs, lost 182 ATMs in June and 239 in the first week of July. Europe also saw a reduction of 29 ATMs in July. The ongoing decrease in crypto ATMs is possibly due to global efforts to combat financial crimes. Bitcoin Depot, the largest U.S. ATM operator, reported no correlation between their revenue and cryptocurrency prices, attributing it to the diverse services they offer beyond speculation. Read more AI-generated news on: https://app.chaingpt.org/news

The conflict between Nigerian authorities and Binance executive Tigran Gambaryan has been ongoing since February. Initially triggered by concerns of currency manipulation, the situation has evolved into a legal showdown. Binance, the world's largest cryptocurrency exchange, faced issues with Tether trading for Nigeria's fiat currency, leading to restrictions and a pegged exchange rate. Nigerian authorities blocked access to major crypto exchanges, including Binance, citing fears of money laundering and currency manipulation. This resulted in the detention of Binance officials and legal actions against Gambaryan for money laundering and tax evasion. Despite cooperation from Binance, Gambaryan remains in detention, with allegations of bribery. The legal battle has drawn international attention, with US lawmakers urging for Gambaryan's release. The situation highlights the challenges faced by cryptocurrency exchanges in regulatory environments and the importance of fair trials to maintain investor confidence. Read more AI-generated news on: https://app.chaingpt.org/news

PancakeSwap, a decentralized exchange (DEX) across multiple chains, has introduced a community reward program starting on July 5 and ending on August 5. The platform will distribute 2,452,128 zkSync (ZK) tokens to its community as a token of appreciation for their continuous support since July 2023. This initiative follows PancakeSwap's achievement of over $3 billion in trading volume, $5 million in total value locked (TVL), and more than 1.9 million traders. The airdrop aims to reward both past and future contributors, including active users engaged in trading, providing liquidity, and participating in zkSync initiatives. To claim the ZK tokens, eligible users need to connect their wallet to the PancakeSwap platform. Any unclaimed tokens will be used for the platform's development and community projects. Matter Labs, the developer of zkSync, recently addressed allegations of insider minting related to their NFTs, clarifying that all acquisitions were legitimate. Read more AI-generated news on: https://app.chaingpt.org/news

Toledo Museum of Art (TMA) will conclude its exhibition of Ethiopian art with a focus on non-fungible tokens (NFTs). Yatreda, a blockchain-based Ethiopian art collective, will be the digital artist in residence, showcasing historical relics alongside cutting-edge NFTs. Yatreda's work bridges Ethiopia's past with its present, capturing the country's history in a unique way. The collaboration with TMA aligns with the museum's exploration of new technologies like Web3. The exhibition, 'Ethiopia at the Crossroads,' features 200 artworks spanning 2,000 years of history. Yatreda's residency includes a Christie's sale and the debut of new series. The project aims to create a sense of belonging and continuity in the art world, utilizing blockchain to bring Ethiopian art into the future. TMA's innovative approach to digital art residency sets a precedent for museums embracing Web3 and NFTs. Read more AI-generated news on: https://app.chaingpt.org/news

CasinoAus, a leading Australian casino comparison platform since 2017, has become a trusted resource for nearly 1 million players. In an exclusive interview with CoinJournal, Jamie Bungaree, Head of Casino Games at CasinoAus, discusses the platform's growth, evaluation of online casinos, and the impact of cryptocurrencies in online gambling. CasinoAus stands out for its unbiased reviews, commitment to transparency, and adherence to regulations. Each review undergoes thorough research, ensuring a comprehensive evaluation process. 'Pokies', unique to Australia, hold cultural significance in the gambling sector. The future of online gambling will see advancements in mobile gaming, VR, AR, and DeFi integration. The relationship between traditional and online casinos will become symbiotic, offering players diverse experiences. DeFi's role in online casinos is crucial for security and transparency. Australia's ban on crypto payments may shift player bases, impacting the market. CasinoAus plans to adapt to changing regulations and enhance its services, focusing on responsible gambling practices. Read more AI-generated news on: https://app.chaingpt.org/news

Ripple Labs recently unveiled a game-changing addition to its API ecosystem known as the 'Try It' feature, now integrated into the Ripple Payments API documentation. This innovation revolutionizes how developers can test APIs in real-time without the need for logins or actual fund transactions. The 'Try It' functionality is now part of various API services, offering developers immediate and authentic responses from a simulated server that mirrors live servers in a controlled setting. This empowers developers to simulate API requests, receive instant feedback, and understand how the API functions under different conditions. By streamlining the testing process and eliminating the need for complex setup procedures, Ripple has made it easier for developers to explore and integrate its APIs. The company plans to extend this feature to other APIs, emphasizing its dedication to enhancing developer engagement and simplifying integration processes. Developers are encouraged to utilize this tool to optimize their interaction with Ripple's financial tools. Read more AI-generated news on: https://app.chaingpt.org/news

The Web3 Foundation has provided Dot Play with a Decentralized Futures Grant to enhance the gaming sector of Polkadot. Dot Play's goal is to establish a platform for game developers utilizing Polkadot's advanced technology, focusing on high-growth gaming genres. They will offer integration tools, business support, and a gaming portal for new developers. The grant will also support technical integration, ecosystem tooling, and partnerships, aiming to create a sustainable gaming ecosystem within Polkadot. Dot Play plans to seek additional funding and partnerships in the future. The team consists of experts from the blockchain and gaming industries. Polkadot's Treasury, funded by token inflation, has been praised for its investment in ecosystem growth. The service will introduce new futures contracts for various cryptocurrencies. CryptoSlate's market report explores the impact of LTHs and STHs on the Bitcoin ecosystem. Disclaimer: Opinions expressed are personal, and readers are advised to conduct their own research before engaging in cryptocurrency activities. Read more AI-generated news on: https://app.chaingpt.org/news

Nigeria's Securities and Exchange Commission (SEC) has introduced strict regulations for Virtual Asset Service Providers (VASPs) in Nigeria. The new guidelines require VASPs to have a local office and leadership in Nigeria. This initiative aims to enhance regulatory oversight and support local market development. Applicants must meet pre-qualification requirements, including having an office in Nigeria, offering innovative financial services, and addressing specific consumer needs. Operational requirements mandate firms to demonstrate expertise in financial services and technology, comply with anti-money laundering regulations, and provide regular updates to the SEC. VASPs under regulatory incubation face restrictions on client onboarding and financial promotions. The incubation period is limited to one year, after which firms must apply for full registration or cease operations. The SEC can terminate participation if eligibility criteria are not met. The move indicates potential for crypto growth in Nigeria amidst increasing scrutiny of digital assets. CryptoSlate's market report explores the impact of Long-Term Holders (LTHs) and Short-Term Holders (STHs) on the Bitcoin ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news

Several major players in the U.S. tech industry have expressed concerns about the financial risks posed by artificial intelligence (AI) in reports submitted to the Securities and Exchange Commission (SEC). Companies like Adobe, Google, Microsoft, and others have highlighted the potential drawbacks of investing in AI technologies. While these risk reports aim to protect companies from legal liabilities, they also shed light on the uncertainties surrounding AI development. Despite these warnings, investments in AI stocks, particularly in companies like Nvidia and Microsoft, have surged, leading to the rise of trillion-dollar companies. In the crypto sphere, regulatory developments have influenced market trends, with the approval of the first Bitcoin spot exchange-traded fund being a notable milestone. However, the lack of regulatory clarity, as criticized by Ethereum co-founder Vitalik Buterin, has raised concerns about transparency and investor protection in the crypto industry. Read more AI-generated news on: https://app.chaingpt.org/news

A recent report from DappRadar on July 4 revealed that the number of users engaging with Web3 applications hit an all-time high in the second quarter. Daily unique active wallets (dUAW) reached around 10 million, marking a 40% surge from the previous quarter. Various sectors within the decentralized application industry experienced significant growth, particularly in social and blockchain gaming sectors. Non-fungible token (NFT) marketplaces also saw a spike in activity, with trading volume hitting $4 billion. Decentralized exchanges like Uniswap and Raydium witnessed substantial increases in user numbers, driven by memecoin traders. Despite the user surge, the total value locked in decentralized finance applications dropped by $7 billion. DappRadar cautioned that the rapid growth in user activity may not be sustainable and emphasized the importance of enhancing user experience and development strategies to maintain momentum. Read more AI-generated news on: https://app.chaingpt.org/news