Crypto Roundup: Futu Expands in Hong Kong, MicroStrategy Hoards Bitcoin, Philippines Backs Venom, Bybit Exits France

Our canary brings fresh tunes from the crypto world! Futu Securities is expanding its services by offering crypto trading to retail investors in Hong Kong. Meanwhile, MicroStrategy continues its Bitcoin buying spree, adding to its already massive holdings. Across the globe, the Philippines has chosen Venom to power its national blockchain initiative. Lastly, Bybit has decided to pull out of the French market, highlighting the regulatory challenges faced by crypto exchanges.

Follow the lead of our Canary to discover unseen treasures!

Alpha Offerings

Seize your daily airdrop rewards, guided by our Canary's discovery!

1. Berachain x Intract

   Potential: $700 - $1200

   Here is a step-by-step process:

   • House of Bear HERE

   • House of Polar HERE

   • House of Ursus HERE

   • House of Panda HERE

   • Complete Task and Claim NFT

2. Xion x Xionspace 

   Potential: $1000 - $2000

   Here is a step-by-step process:

   • Go HERE

   • Click Xionspace Events

   • Go to Xionspace Website

   • login with your Meta Account

   • Click to Mint an AI NFT

   • Fill in all the details for your NFT and once happy press to mint!

   • Congrats, you've successfully minted your first AI generated NFT seamlessly

Meme of the Day

Market Movements - 02 Aug 2024

Friday also witnessed a downward trend in the cryptocurrency market. Bitcoin was down by -0.59% to $64,379.78, and Ethereum dipped by -1.60% to $3,138.87. BNB also declined by -0.69% to $569.31, while Solana dipped by -4.49% to $162.62.

Among altcoins, Tron was down by -2.48% to $0.125, while Toncoin dipped by -3.56% to $6.60. Cardano also declined by -3.62% to $0.380, and Avalanche was in red by -3.17% to $24.74.

Movers and Shakers

In the last 24 hours, the top gainers included Popcat (+4.95), Monero (+3.58%), and Helium (+2.58%). The top losers included AIOZ Network (-10.63%), Arweave (-10.36%) and BOOK OF MEME (-8.64%).

Project Updates

1. Ledger, a leading hardware wallet provider, unveiled two new products - Stax and Flex. Stax features a curved touchscreen for crypto management, while Flex offers a more affordable option with a smaller screen.

   Read more here

2. Worldcoin, the privacy-centric digital identity project, integrates Unlimit for seamless fiat conversions of its WLD token in select regions.

   Read more here

3. Uquid, a Web3 shopping platform, integrates USDT on the TRON blockchain for SUBE card top-ups in Argentina. This facilitates easier and cost-effective public transport payments for Argentinians.

   Read more here

4. Switchboard, a decentralized oracle network, introduces a novel oracle aggregator. This aggregator leverages data from multiple sources, potentially including Chainlink, for DeFi and dApps.

   Read more here

5. Crypto trading firm DWF Labs is entering the booming stablecoin market with a synthetic stablecoin solution. This synthetic stablecoin is expected to provide attractive yields while maintaining asset flexibility.

   Read more here

Hall of Fame, Hall of Shame

Crypto Recovery Scammer Charged in Manhattan Fraud

Manhattan DA charged Michael Lauchlan for running a fake crypto recovery business. Lauchlan, posing as "Max Handler," allegedly defrauded clients through false promises and fees.

Read more here

Convergence Protocol Suffers Major Hack

Defi protocol Convergence was hacked, causing its CVG token to plummet 99% on the Curve exchange. The exploit involved minting massive amounts of CVG tokens and swapping them for other assets.

Read more here

What moved in the Crypto World Today

Futu Offers Crypto Trading in Hong Kong

Hong Kong brokerage Futu Securities reportedly expands its offerings to include crypto trading for retail investors. This move suggests a potential shift in the region's stance on crypto accessibility, potentially boosting adoption among retail investors.

Read more here

MicroStrategy Increased its Bitcoin Holdings

MicroStrategy increased its Bitcoin holdings to 226,500 BTC, showcasing continued institutional confidence in the cryptocurrency. Additionally, they introduced a new "BTC Yield" metric to assess the performance of their Bitcoin strategy.

Read more here

Philippines Picks Venom for Blockchain

The Philippines picks Venom for a massive blockchain project to digitize billions of accountable forms, aiming to revolutionize financial operations.

Read more here

Bybit Exits French Market

Crypto exchange Bybit suspends operations in France, citing compliance challenges with local regulations. Users have a grace period to withdraw their holdings before full service closure.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. DeFi lending protocol Morpho raised $50M in a Strategic funding round led by Ribbit Capital, with participation from Andreessen Horowitz (a16z crypto), Coinbase Ventures, and others.

   Read more here

Whale Movements

1. Whale 12QVs (likely Galaxy Digital) withdrew another 550 BTC ($35.43M) from Binance. Txn details here

2. Whale 0x65c withdrew 3.488M FRONT ($2.53M) from Binance after 2 months of inactivity. More details here

3. Another Whale 0x337 deposited another 21,000 AAVE ($2.38M) to Binance. Txn details here

Today’s Token Unlocks

Worldcoin (WLD) - $9.98M
Orbler (ORBR) - $8.32M
TARS Protocol (TAI) - $3.49M

Coinversation Street

Our Canary brings some of the trending and informative tweets from the crypto world:

@PinkBrains_io shares 7 narratives to watch:

@0xGeeGee shares some thoughts and tickers:

Upcoming Events