Business
Bankrupt crypto lender Celsius proposed distributing $1 million from the sale of GK8 to Series B holders, with $24 million allocated towards legal expenses.
Ethereum
A wallet address with 61,216 ETH has transferred the entire balance to crypto exchange Kraken after eight years of inactivity.
Regulation
The SEC Chairman said he was “disappointed” with the court ruling’s ruling on XRP with respect to retail investors, but the regulator was still “taking a look at” the decision.
DeFi
Fantom-based Hector Network will redeem HEC tokens against funds in the Treasury after a community vote ended on Monday with 81% in favor of liquidation.
Creditors of the bankrupt crypto firm allege that BlockFi loaned enormous sums to Alameda, collateralized by FTT tokens, despite being privy to the same balance sheet that set off alarm bells before FTX’s collapse.
Uniswap has launched a new blockchain protocol “UniswapX” that will bring more liquidity, better prices and MEV protection to users.
DeFi users can now mint GHO using the assets they supply on Aave V3 on Ethereum as collateral.
Bitcoin
Binance users will now be able to deposit or withdraw Bitcoin on the Layer 2 scaling solution.
cLabs, the entity behind the Celo blockchain, has called for a governance call on July 21 to determine whether the network should transition to an Ethereum Layer 2 chain.
Ripple CEO Brad Garlinghouse believes that an appeal filed by the regulator would only further solidify the judge’s decision on XRP.
