Crypto Roundup: Russia Mines, Lamborghini NFTs, Finance Meets Blockchain, Vega Expands

Our feathered friend, the canary, has been chirping about some big moves in the crypto world. Russia has joined the mining game, legalizing the activity under a new law. Luxury car maker Lamborghini is revving up its digital presence by partnering with Animoca Brands to explore the NFT landscape. Meanwhile, traditional finance is dipping its toes deeper into crypto as Franklin Templeton brings a fund to the Arbitrum network. And finally, Vega, a decentralized exchange, is expanding its offerings with the inclusion of prediction markets.

Follow our Canary's lead on the Alpha adventure! Join us in our quest.

Alpha Offerings

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

1. Soccersm live in the MorphL2 Zoo

   Potential: $500 - $700

   Here is a step-by-step process:

   • Go HERE

   • Connect With Same Wallet [Morph]

   • or Check Morph DApps list HERE

   • Click Dashboard

   • Claim Faucet $Balls token

   • Challenge Pools and Prediction

   • Test to Earn Trophies & Morph Points

2. Shardeum Stage 2

   Potential: $700 - $1500

   Here is a step-by-step process:

   • Go HERE

   • Complete all open Onchain Tasks under Stage 2, 3 & 4

   • Follow the guide under Validator Task and complete the mission as per the instructions

Meme of the Day

Market Movements - 09 Aug 2024

The cryptocurrency market witnessed an upward movement on Friday. Bitcoin was up by +3.62% to $60,405.62, and Ethereum increased by +4.45% to $2,623.51. BNB rose by +1.98% to $506.06, while Solana dipped by -1.58% to $155.15.

Among altcoins, Tron increased by +0.76% to $0.127, and Toncoin was up by +4.30% to $6.48. Cardano increased by +1.24% to $0.341, while Avalanche was in green by +3.50% to $21.67.

Movers and Shakers

In the last 24 hours, the top gainers included Sui (+27.94%), Celestia (+20.57%), and Helium (+16.47%). The top losers included XRP (-5.04%), Gala (-4.30%), and MANTRA (-2.96%).

Project Updates

1. NEAR Foundation announced a new protocol, Chain Signatures, to help developers create multi-chain dapps. It will allow NEAR Protocol accounts to sign transactions on any blockchain protocol.

   Read more here

2. Illuvium and Samsung are partnering to showcase Illuvium games on Samsung Web3 TVs at Gamescom 2024. This is part of Samsung's plan to reach new customers through its marketing channels.

   Read more here

3. Binance is listing Toncoin spot trading pairs, allowing users to buy and sell Toncoin for other cryptocurrencies, such as USDT. Binance previously launched TON/USDT perpetual futures trading in March.

   Read more here

4. Path Digital Advisors selected Gemini as the custodian for its new automated crypto portfolio. Its new app features Managed Portfolios allowing clients to trade assets and access robo-advisement.

   Read more here

5. Pump.fun removes creator fees for memecoin launches, offering $80 rewards on successful migrations. They shift the cost to the first buyer, allowing creators to launch without investment.

   Read more here

Hall of Fame, Hall of Shame

OKX Bans Tornado Cash Accounts

OKX cracks down on money laundering concerns. The exchange will terminate accounts interacting with sanctioned platforms like Tornado Cash, aiming to comply with anti-money laundering regulations.

Read more here

Binance Recovers $73M in Stolen Funds

Cryptocurrency exchange Binance successfully recovered $73M in misappropriated funds. While details regarding the specific incident remain undisclosed, this event highlights the evolving security measures employed by exchanges to address potential theft.

Read more here

What moved in the Crypto World Today

Russia Legalizes Crypto Mining Under New Law

Putin has signed a law legalizing crypto mining in Russia. It defines mining as turnover, not currency issuance. Only registered entities can mine, with individual miners limited by energy consumption.

Read more here

Lamborghini Partners Animoca Brands for NFTs

Lamborghini teams up with Animoca Brands to create digital Lamborghini experiences for fans, using Web3 technology and virtual racing platforms.

Read more here

Franklin Templeton Brings Fund to Arbitrum

Franklin Templeton launches its on-chain money market fund on Arbitrum network, aiming to invest in government securities with BENJI token representing the fund.

Read more here

Vega Expands into Prediction Markets

Vega Protocol, a Coinbase-based decentralized exchange, expands platform to include prediction markets, challenging existing platforms like Polymarket. This move positions Vega as a comprehensive trading hub for both traditional assets and event-based derivatives.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. AI-to-human payment platform, Payman raised $3M in a Pre-seed funding round from Visa, Coinbase Ventures, BoostVC, and others.

   Read more here

2. Consumer L2 using MOVE Stack, Lync raised $1.50M in a Pre-seed funding round from Levitate Labs, Smape Capital, Amesten, and others.

   Read more here

3. ZK-powered DeFi exchange, Vessel raised $10M in a Seed funding round from Sequoia Capital, Avalanche Foundation, Algorand Foundation, and others

   Read more here

4. zkEVM Web3 AI-based game publisher, Pentagon Games raised $6M in a Seed funding round from Animoca Brands, Binance Labs Fund, Symbolic Capital, and others.

   Read more here

5. Parallelized bitcoin rollup, Nexio raised $2.20M in a Pre-seed funding round led by Lattice Fund.

   Read more here

6. Bitcoin ecosystem game infrastructure company, UniWorlds raised undisclosed amount in Seed funding round led by UniSat.

   Read more here

7. AI-driven Web3 infrastructure, DeAgentAI raised $6M in a Seed funding round from Web3com Ventures, Vertex Ventures, Waterdrip Capital, and others.

   Read more here

Whale Movements

1. Wallet 0x14a (likely the project or an investor) deposited all 3.75M SUSHI ($2.18M) to Binance. Txn details here

2. Whale 0xefd unstaked and deposited the remaining 5,000 ETH ($12.23M) to Binance. Txn details here

3. Giant whale 0x78d withdrew another 3,000 ETH ($7.27M) from Kraken. Txn details here

Today’s Token Unlocks

Immutable (IMX) - $39.37M
STEPN GO (GMT) - $11.65M
Worldcoin (WLD) - $8.98M

Coinversation Street

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

Market thoughts by @0xGeeGee:

@VitalikButerin new article about musuems of the future:

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