Tech
Cosmos Hub saw a temporary halt to block production as validators patched a security vulnerability with the Liquid Staking Module (LSM) during the v17 upgrade.
Business
The launch of Coinbase’s smart wallets, which don’t require seed phrases or the downloading of a browser extension or an application, aims to help bring a billion users onchain.
After MOTHER’s initial bleed out to fractions of a penny that lasted until the start of June, the token has since reached a market cap of $108 million.
Regulation
Despite the Biden veto, Congress is already displaying bipartisanship. The Blockchain Association plans to capitalize on this momentum—and the crypto community can help.
Bitcoin
Bitcoin surged past $71,000 as spot bitcoin ETFs saw their second highest day of inflows on record.
The IRS will receive a $200 million priority claim from FTX, and a $685 million lower priority claim payable to the extent that funds are available.
Ondo Finance’s crypto wallet, labeled on Etherscan as “OUSD Instant Manager,” is the largest recipient of BUIDL’s monthly dividend receiving roughly 42% of the total pot.
DeFi
A 10% airdrop of ZkSync tokens could be worth over $1.3 billion, which is almost double zkSync’s current TVL of $852 million.
Implementing OP_CAT is a preliminary step to incorporating a new layer 2 that could connect Bitcoin and Ethereum.
Solana
Solana saw the highest number of new token launches ever recorded on the blockchain last month, as celebrities joined the cohort of memecoin enthusiasts.
