⏰ There wasn’t much news over the weekend, so I combined it into a single summary:

🔶 Binance celebrate its 7th anniversary on July 14th

In honor of the birthday, the crypto exchange is organizing beach and street parties in the UAE, Australia, New Zealand, Bulgaria, Spain and Benin. There will also be a raffle for $7,000 worth of BNB vouchers for the most loyal users on Twitter, Telegram and Discord

💸 Mt.Gox creditors will have to wait some more time before they receive their payments

Two days ago, the rehabilitation manager of the defunct Mt.Gox published a statement in which he said that on July 5, part of BTC and BCH was transferred to the accounts of some users on crypto exchanges

At the same time, the timing of receipt of payments to accounts can vary from 14 to 90 days, depending on the selected exchange

🪑 Justin Sun, founder of Tron and owner of HTX, is working on introducing gasless (almost) stablecoins

1️⃣ Transactions will be carried out without the need for a gas token, and fees will be fully covered by the stablecoins themselves

2️⃣ The solution will initially be launched on the Tron network, and then on all EVM-compatible blockchains

3️⃣ Launch expected in the 4th quarter of this year

Justin did not provide any more detailed comments.

🌖 Previously, a similar option was available in the Terra ecosystem. This was achieved using oracles and automatic recalculation of the cost of the gas token

For example, to send 100 UST, a user could use this stablecoin to pay for gas without needing LUNA:

1️⃣ Oracles provided up-to-date data on the price of the native LUNA token.

2️⃣ The smart contract took the information received and recalculated the current value of LUNA and the commission amount into an equivalent amount in UST.

3️⃣ After automatic conversion of paid UST through TerraSwap, validators received their rewards in LUNA.

Payment for gas was also possible in other stablecoins of the Terra family, but the collapse of the ecosystem did not occur due to this mechanism.

⚖️ Update on the case of the head of Binance-compliance Tigran Gambaryan, accused of laundering $35 million:

At the last hearing of the court, the head of payment policy and regulation of the Central Bank of Nigeria testified, saying that Binance had no right to provide cryptocurrency trading services to Nigerian citizens due to the lack of the necessary license. He also noted that Binance's P2P platform allows naira to be exchanged for other fiat currencies, making it a money brokerage platform.

The judge set the next hearing for July 16

👮 In May 2024, exchange CEO Richard Teng shed light on the situation.

Tigran visited Nigeria to participate in parliamentary hearings on AML and information exchange. Over the course of several months in the country, there were hints through government affiliates that the charges might be dropped in exchange for significant amounts of crypto. As a result, the “guest” was unofficially accused of devaluing the naira and the decline of the Nigerian economy, and publicly accused of financing terrorism and money laundering

Two days after the arrest, Binance removed NGN from P2P. However, Nigeria's Minister of Information shifted focus to "whataboutism", comparing the case to CZ's 4-month imprisonment in the US

🦄 Uniswap has launched a beta version of an extension for the Chrome browser, similar to MetaMask

At the moment the plugin is available only to a small number of users. To get on the waitlist, you need to download the Uniswap mobile app, select a free domain in the format “name.uni.eth” associated with your Ethereum address, and wait to receive access.

If you haven't registered ENS yet and want a unique name, download Uniswap

👨‍🦳 On Friday, Bitcoin funds, mainly FBTC, absorbed $143 million, despite panic among traders due to Mt.Gox payouts, BTC sales by the German government and a decrease in BTC reserves among miners

The money keeps coming in, but don't forget that some of it may be tied to underlying trades used to protect against price fluctuations and sometimes for arbitrage. Since the launch of the BTC ETF, the gap between hedge fund shorts and longs on the CME has grown from 270% to 1027%.