Student Coin holders using the STC Wallet have less than three months left to redeem their tokens before the deadline on October 9, 2024. Launched in 2019 by students from Kozminski University, Student Coin aimed to explore blockchain technology and promote crypto in academia. Despite challenges like economic instability and regulatory issues, the team decided to sunset the STC token and related projects. The team now focuses on developing Coinpaper, a growing crypto news platform. To stay updated on the redemption process, users can follow StudentCoin.org and Twitter. The redemption process involves submitting a request and undergoing KYC procedures. Redemption prices vary based on user activity and purchase history. Users can choose between manual redemption via OTC request or on-chain burn procedure until April 9, 2029. The team ensures transparency and assistance throughout the process, with all transactions visible on the blockchain. Read more AI-generated news on: https://app.chaingpt.org/news

Bybit, the second-largest web3 platform by trading volume, has added SUI, ZKLink, and Scroll chains to its ecosystem, bringing the total integrated chains to 31. Users can now easily switch between these chains using the Bybit Wallet extension, expanding access to DeFi applications. The Bybit Wallet Extension supports asset management across multiple chains, compatible with seed phrase wallets for a seamless experience. Established in 2018, Bybit boasts over 30 million users globally and a daily trading volume of $25 billion. Bybit Web3 embraces innovation, connecting to popular chains like Bitcoin, Ethereum, Solana, and more. This integration enhances user flexibility and accessibility within the Bybit platform, catering to the evolving needs of the crypto community. Read more AI-generated news on: https://app.chaingpt.org/news

Shiba Inu's marketing lead, Lucie, hinted at a significant upcoming event for the SHIB community, suggesting a potential token burn. Collaborating with Shibacals Collaboration Studio, Lucie teased a surprise that could involve using merchandise to facilitate the burn. While details remain scarce, the community eagerly anticipates a substantial reduction in SHIB tokens. Token burns, a common practice in the crypto world, aim to decrease the token supply, creating scarcity and potentially boosting value. Despite the mystery surrounding the event, community members are excited and ready for the burn. Recent reports show a significant increase in token burns, with over 290 billion SHIB tokens already burnt in July. This ongoing trend signals a positive outlook for Shiba Inu's token economy, with the circulating supply steadily decreasing. Read more AI-generated news on: https://app.chaingpt.org/news

MAG, a real estate developer from the UAE, has teamed up with Mantra, a blockchain platform specializing in tokenized real-world assets. This collaboration aims to set a new standard for real estate investment in the Middle East. Investors can benefit from the introduction of a real estate financing vault on Mantra's platform, offering secure and transparent investment opportunities. Projects worth $500 million will be tokenized, allowing investors to earn yields in stablecoins and OM tokens. The partnership plans to over-collateralize a $75 million mega-mansion to ensure investor protection. With a focus on the UAE market, the partnership reflects the growing trend of RWA tokenization, making high-value real estate projects more accessible to smaller investors. Despite mixed market reactions, OM tokens have shown a positive long-term outlook, indicating the potential for growth in the sector. Read more AI-generated news on: https://app.chaingpt.org/news

Russian authorities are reportedly considering approving the use of stablecoins for cross-border settlements, as per local media outlet Izvestia. This move could potentially simplify transactions with BRICS partners and mitigate the impact of sanctions. Facing payment difficulties since February 2022 due to sanctions, Russian businesses, both sanctioned and non-sanctioned, are affected. The Central Bank of the Russian Federation, led by Alexei Guznov, is exploring proposals to legalize stablecoins for international settlements to regulate their transfer, accumulation, and use for cross-border payments within Russia. The Ministry of Finance is also assessing this matter. Experts believe that legalizing stablecoins could offer various advantages, such as opening up new trade opportunities for Russia with sanctioned countries. Despite the Central Bank's historical opposition to cryptoassets, external factors are prompting a reconsideration of its stance, as seen with the recent law allowing the use of digital financial assets for cross-border settlements. Russian commodity companies are already utilizing the Tether stablecoin for transactions with China, showcasing the growing importance of cryptocurrencies in global trade. Read more AI-generated news on: https://app.chaingpt.org/news

Bitwise, an asset management firm, has updated its S-1 registration with the SEC to allow for the trading of shares of a spot Ether ETF. The filing, made on July 3, includes a fee waiver for six months up to $500 million. While no specific launch date was mentioned, trading on NYSE Arca is expected shortly after the registration becomes effective. Despite delays in SEC approvals, the launch of the spot Ether ETF is still anticipated this month. In contrast to Ether, the SEC approved spot Bitcoin ETF filings earlier this year. Bitwise's initial S-1 filing for the Ether ETF in March raised concerns about ETH being labeled a security, but recent court filings suggest otherwise. Investors are eagerly awaiting the SEC's decision, with Chair Gary Gensler hinting at a potential approval sometime this summer. Read more AI-generated news on: https://app.chaingpt.org/news

KuCoin, a prominent global cryptocurrency exchange, will implement a 7.5% value-added tax (VAT) on transaction fees for Nigerian users with registered Know Your Customer (KYC) information starting July 8. This new policy will slightly raise trading fees for Nigerian users on KuCoin, applying only to transaction fees and covering all transaction types. Despite being banned by the Nigerian government, KuCoin's VAT announcement has sparked confusion among Nigerian crypto stakeholders, including concerns about fraud and transparency. Questions have been raised about user verification, trade activity reporting, VAT remittance, and the impact of CBN restrictions on converting crypto to fiat. Speculation surrounds the application of VAT to all crypto transactions and potential future regulations. While some view the VAT levy positively as a recognition of digital assets, others criticize the government for hindering the growth of Nigeria's crypto industry. Read more AI-generated news on: https://app.chaingpt.org/news

E Money Network, a modular RWA blockchain based in Bengaluru, India, has introduced a significant $2 million grant initiative in the cryptocurrency realm. This program aims to support RWA projects in developing on their blockchain and fostering the growth of the RWA economy. The network offers a developer-friendly SDK and pre-built modules like KYC verification, banking, staking, and governance for seamless integration into applications. With features like Inter-Blockchain Communication (IBC) and compliance modules for upcoming regulations, E Money Network ensures a robust foundation for RWA applications. The grant program, part of the #BUIDLonEMN initiative, invites innovative developer teams to propose RWA-centric ideas for a chance to receive funding, mentorship, and networking opportunities. Evaluation criteria include measurable milestones and KPIs, with grants ranging from $5000 to $50000. Interested parties can apply through the grant application form and Discord channel for E Money Network. Read more AI-generated news on: https://app.chaingpt.org/news

Uniswap, the top decentralized exchange in the crypto industry, has hit a new all-time high in swap volume, showcasing its dominance in the DEX realm. This achievement underscores its vital role in the growth of DeFi, as more users turn to DEXs for flexible and decentralized trading options. With 4 million swappers in June alone, Uniswap's success on layer 2 solutions signifies a surge in activity. The platform's faster transactions, lower fees, and enhanced user experiences are reshaping the DeFi landscape. The rise in swap volume is linked to the increasing popularity of decentralized exchanges, especially with the introduction of Uniswap V2 pools. The adoption of layer 2 solutions like Arbitrum and Polygon has further boosted Uniswap's capabilities. The launch of Zora Network aims to improve swapping efficiency, showcasing Uniswap's commitment to innovation and market expansion in the DeFi sector. Read more AI-generated news on: https://app.chaingpt.org/news

Chainlink has collaborated with Fidelity International and Sygnum to introduce Net Asset Value (NAV) data onchain. The initiative aims to make the NAV of Fidelity’s $6.9 billion Institutional Liquidity Fund available onchain in real-time. NAV, a financial metric used to assess a fund's value, will now be accessible instantly, unlike traditional methods that update data after each trading day. This data will benefit Sygnum's clients, who recently tokenized $50 million from Matter Labs' treasuries. Chainlink's co-founder, Sergey Nazarov, believes that tokenized funds offer greater efficiency than traditional methods and predicts they will revolutionize the asset management industry. Additionally, the Depository Trust and Clearing Corporation (DTCC) utilized Chainlink's technology in its Smart NAV industry pilot, exploring new possibilities for transmitting NAV data across different blockchains. This partnership signifies a significant step towards digital asset management in the crypto market. Read more AI-generated news on: https://app.chaingpt.org/news

An internal investigation discovered that a former dissatisfied contractor was behind the hack of the blockchain tokenization platform Holograph. The hacker exploited the Holograph protocol to create 1 billion Holograph (HLG) tokens valued at $14.4 million. This led to an 80% drop in HGL token value within nine hours, plummeting from $0.014 to $0.0029. Holograph, with the help of blockchain investigation firm Halborn, identified the culprit as a disgruntled ex-contractor who minted $14 million of HLG tokens using a proxy wallet. The hacker then sold the tokens, crashing their price. Holograph plans to involve law enforcement and reduce the token supply to 10 billion. The platform has not disclosed plans for fund recovery or legal actions. Holograph has since implemented measures to prevent insider attacks, following a similar incident with Bittensor losing $8 million in digital assets due to wallet drains. Read more AI-generated news on: https://app.chaingpt.org/news

CoinDCX, India's largest cryptocurrency exchange, has made a strategic move by acquiring BitOasis, a virtual asset trading platform in the Middle East and North Africa (MENA) region. This acquisition marks CoinDCX's entry into the MENA market, showcasing its intent for broader expansion. BitOasis, known for its high trading volumes in Emirati dirhams, received a regulatory license from the Central Bank of Bahrain, allowing it to operate as a broker-dealer under strict conditions. Despite the acquisition, BitOasis will maintain its independence and regulatory oversight. The move is expected to enhance user experience on both platforms with a wider range of products and trading options. CoinDCX's co-founder, Sumit Gupta, emphasized the platform's support for users amid regulatory changes, offering secure deposit routes and incentives for transitioning to compliant exchanges. This development reflects CoinDCX's commitment to providing a secure and regulated trading environment for cryptocurrency investors. Read more AI-generated news on: https://app.chaingpt.org/news

In the realm of digital monetization, Hydro stands out for its innovative business model and sophisticated technological framework. The platform utilizes cutting-edge blockchain technologies, such as the SUI blockchain and MOVE smart contract language, to ensure secure and efficient transactions. Hydro's frontend is built with React and TypeScript for a seamless user experience, while the backend leverages Golang, TypeScript, and JavaScript for performance. The platform also integrates AWS cloud services for scalability and Docker for containerization. To handle large volumes of user interactions, Hydro implements techniques like the Proof-of-Time model and distributed caching with Redis. Additionally, Hydro addresses blockchain challenges through innovative solutions like fractionalizing SUI and employing blockchain oracles. The platform's commitment to future scalability is evident in its integration of emerging technologies like Decentralized Physical Infrastructure Networks (DePIN). Hydro's technology stack is designed to lead the digital monetization industry through innovation and superior user engagement. Read more AI-generated news on: https://app.chaingpt.org/news

The Ethereum network remains at the forefront of decentralized application (DApp) adoption in terms of volumes and deposits, despite competition from chains like Solana and BNB Chain with lower transaction fees. However, there are concerns about inflated DApp volumes on Ethereum by well-funded entities. While Ethereum saw a significant surge in activity, it contradicted market trends and usage metrics. The increase in volume was not accompanied by a rise in user numbers, indicating a potential distortion in data. Ethereum's growth in deposits may have offset the decline in user activity due to high fees. Balancer played a significant role in Ethereum's volume growth, but its dominance raises questions about genuine demand. It's essential to analyze the anomaly further to understand the true picture behind Ethereum's reported activity growth amidst competition from other networks like Solana and Avalanche. Read more AI-generated news on: https://app.chaingpt.org/news

The Ethereum Foundation faced a phishing scam when its 'update' email account was hacked on June 23. The attackers sent out 35,794 scam emails using the official email address, targeting subscribers and others. Fortunately, no cryptocurrency was lost, but 81 subscribers' email addresses were exposed. The fake emails claimed a partnership with LidoDAO for staking Ether with high yields. Clicking on the malicious links could have drained users' wallets. The foundation took immediate action by blocking the attacker, securing the mailing list provider, and notifying relevant parties. Despite the breach, no new email addresses were obtained by the attacker. This incident highlights the risks of phishing in the crypto community, emphasizing the need for vigilance and security measures to protect users' funds. Read more AI-generated news on: https://app.chaingpt.org/news

Lif3.com, the revolutionary Omni-Chain DeFi Layer-1 ecosystem, has announced its groundbreaking partnership with evmOS to launch the world's first public permissionless Layer-1 solution 'Lif3 Chain'. This collaboration sets a new standard in blockchain technology, enhancing DeFi security and democratizing access to transformative technology. Lif3 Wallet, available on app stores, empowers users to leverage Web3 fully, transforming consumer DeFi, gaming, iGaming, music, and entertainment. The partnership expands Lif3's ecosystem, offering a curated Layer-1 blockchain solution. With compatibility on secure blockchains like IBC and EVM, Lif3 aims to innovate and open new doors in the DeFi landscape. Quantum Fintech Group, focusing on blockchain investments, and evmOS, an interoperable EVM blockchain, are key players in this game-changing partnership. Read more AI-generated news on: https://app.chaingpt.org/news

Chainwire Lif3.com (LIF3/USD)(LIF3/USDt) has partnered with evmOS to launch Lif3 Chain, the world's first Layer-1 solution for public permissionless use with curated contract deployment. This collaboration aims to enhance blockchain technology, DeFi safety, and smart contract efficiency. Lif3.com, known for its omni-chain DeFi ecosystem, is now compatible with IBC and EVM, offering users and developers new opportunities. The Lif3 Wallet, available on major app stores, unlocks the potential of Web3, enabling various activities like DeFi, gaming, and entertainment. The partnership signifies a significant step towards improving security and accessibility in the blockchain industry. Lif3.com's commitment to innovation and evmOS's interoperable EVM blockchain design promise a bright future for decentralized applications. The Lif3 Chain Mainnet Preview can be explored on the Lif3 Blockscout portal. Quantum Fintech Group and evmOS are dedicated to advancing blockchain technology and fostering a thriving ecosystem for developers and users alike. Read more AI-generated news on: https://app.chaingpt.org/news

INX, a regulated marketplace for digital securities, in partnership with Backed, a leader in real-world asset tokenization, has introduced the listing of tokenized stock on the INX platform for eligible non-US users. The first tokenized stock to be listed is bNVDA, a tokenized security backed by NVIDIA Corp (NVDA) stock on the Ethereum network. This move aims to improve accessibility, liquidity, and security for global investors, particularly those outside the US. By offering 24/7 trading, self-custody options, and transparent transactions through blockchain technology, INX and Backed are bridging the gap between traditional finance and decentralized finance. The collaboration also plans to expand tokenized offerings to include ETFs, bonds, and commodities, further solidifying the platform's position as a hub for tokenized real-world assets. Read more AI-generated news on: https://app.chaingpt.org/news

Paysafe has experienced a remarkable financial transformation, with a projected annual revenue of $1.7 billion by 2024, driven in part by the increasing popularity of Paysafecard deposits in online casinos. The company's Q1 results showed a significant improvement, with a net income of $3.1 million compared to a loss of $3.8 million in the previous year. Paysafe attributes this success to its white-label wallet strategy, expanded sales team, and focus on enabling casino deposits via Paysafe, especially in the USA. Revenue for the first quarter grew by 8%, reaching $417.7 million, with an adjusted EBITDA of $111.9 million. Paysafecard's usage growth, particularly in online gambling, has been a key driver. The company's strategic partnerships and focus on the iGaming sector, along with the rise of digital payment methods like cryptocurrencies, are expected to fuel its continued growth in the future. Read more AI-generated news on: https://app.chaingpt.org/news

BeInCrypto's recent technical analysis foresaw Bonk (BONK) hitting $0.000025, but the meme coin exceeded expectations. CoinGecko data revealed Bonk's market cap at $1.49 billion on July 1, surpassing Floki (FLOKI) at $1.62 billion. Presently, Bonk's market cap stands at $1.73 billion, outperforming Floki at $1.70 billion. The surge is attributed to Bonk's price rise, with a 10.50% increase in 24 hours, leading to heightened volatility. The price surge may continue if buying pressure persists. An inverse Head and Shoulder pattern suggests a bullish trend, potentially reaching $0.000031. Technical indicators like Parabolic SAR and RSI support an uptrend, with RSI at 53.62, indicating buyer dominance. However, caution is advised as RSI above 70.00 may lead to overbought conditions. This analysis serves as informational, not financial advice, urging readers to conduct thorough research before investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news