In a new report, Chainalysis noted that the average lifespan of crypto scams in 2024 has decreased to 42 days, compared to 271 days in 2020

⚡️Durov has been officially charged. He is placed under supervision and is not allowed to leave France, according to the Paris prosecutor’s office.
The founder of Telegram is required to post bail of €5 million.

⚡️Block production on TON is experiencing disruptions again due to heavy load related to tokens.

❗️TON has dropped out of the top 10 by market capitalization, showing a 20% decline in the last 24 hours.

TON commented on Durov's arrest:

▪️The TON community remains strong and functional

▪️We support Durov; Pavel is a dedicated advocate of decentralization and freedom of speech

▪️We will continue to work to uphold these principles

▪️We urge everyone to remain calm

TON has dropped by ~17% in the last 24 hours, and NOT by ~17%.

⚡️ Yesterday, TRON's revenue exceeded $3.88 million, setting a record high.
Additionally, SunPump began collaborating with DWF Labs.

📈 Bitcoin is expected to rise in the 4th quarter.
The trends in 2024 are very similar to those in 2016 and 2020.

⚡️A corporate conflict has erupted among the creators of Hamster Kombat, putting the listing on Binance in doubt.
The project's co-founders plan to resolve the issues in court, including in Cyprus, where the company is registered.

⚡️⚡️ The CEO of Circle announced that iPhones will integrate a contactless payment feature using USDC.

Mass adoption is coming 🔥🔥🔥

Cryptocurrency prices today:

Currently, 🥇 Bitcoin (BTC) is priced at $60.8K, 🥈 Ethereum (ETH) is trading at $2.72K, and 🥉 BNB (BNB) is at $526.

📈 Among the top 100 cryptocurrencies by market capitalization, ThorChain (RUNE) saw the most significant growth in the past 24 hours, rising by 13.5%.

📉 The biggest drop was in Sui (SUI), which fell by 2%.

🪙 Tether's (USDT) market capitalization has nearly reached $115 billion, increasing by $20 billion since the beginning of 2024. After dropping to $66 billion in 2022, the growth has continued without corrections.

At the end of July, Tether reported a record profit of $5.2 billion for the first half of the year, with consolidated capital reaching $12 billion. The company plans to double its staff to 200 employees within the next year and expand into four new areas: development, financial solutions, mining, and education.

In 2023, Tether began regularly allocating up to 15% of its net profit to purchase Bitcoin.

🗣The CEO of Tether expressed concern that MiCA regulation in the EU could pose a threat to stablecoins and the banking system. According to MiCA, at least 60% of stablecoin reserves must be held in bank accounts within the EU.

Ardoino emphasized that financial institutions operate on a fractional reserve model, meaning that only a portion of deposits is available for withdrawal at any given time.

He also noted that in the EU, deposit insurance only covers amounts up to $100,000.

💎 Binance has launched spot trading for Toncoin Previously, only futures were available, and the TON price rose to $6.1. Activity in the Toncoin ecosystem has increased thanks to games where users can earn and exchange in-game currency for TON tokens. The average daily number of active addresses has reached 444,000.

July cover of Time with the date August 5th, Panic.

❗️A $300 billion drop: the largest 3-day crash in cryptocurrencies in a year - cointelegraph

OKX Exchange Announces Futures Trading for Hamster Kombat Token

Premarket futures on OKX are settled in USDT and allow trading of futures contracts for cryptocurrencies that have not yet been officially launched. Typically, the addition of a token in this format occurs before it appears on the exchange's spot market, as stated in the FAQ section about premarket futures on the OKX website.

Trading in the HMSTR/USDT pair in this format will begin on the exchange on August 1.

Trading of the Hamster Kombat game token is already available on premarket platforms Bybit and Gate, with the average token price being $0.28.

New Compensation Batch for Mt. Gox Clients

Clients of the cryptocurrency exchange Mt. Gox have received a new batch of compensations. Payments through the Kraken exchange resumed on July 23. Mt. Gox continues to make payments totaling $9 billion.

History of Mt. Gox

Mt. Gox operated from 2010 to 2014, handling 70% of the world's Bitcoin trading volume. After a series of hacker attacks, the exchange lost 850,000 BTC, which is worth over $50 billion at today's prices. In 2014, Mt. Gox declared bankruptcy.

Compensation Payments

In 2021, a rehabilitation plan was developed for affected clients. Mt. Gox's trustees are distributing 142,000 Bitcoins ($9 billion), 143,000 Bitcoin Cash ($53 million), and 69 billion Japanese yen. The first yen payments began at the end of 2023, with cryptocurrency payments starting in July 2024.

Payments via Exchanges

Bitcoins are transferred through platforms Kraken, Bitstamp, BitGo, and Bitbank. As of July 23, 32,371 Bitcoins ($2.13 billion) were transferred to an unknown address. The remaining 90,000 Bitcoins worth $5.9 billion in Mt. Gox's wallets continue to be monitored by the market.

Will Binance launch its own memes?🤔

Waiting for more information from the company

⚡️Santiment notes that among major altcoins, XRP shows very bullish sentiment, while ADA still has very bearish sentiment.

The Solana network has surpassed Ethereum in trading volumes for the first half of July. SOL — $13 billion ETH — $10.5 billion