Crypto Roundup: Stripe-Bitstamp Partnership, Mox Bank's ETF Launch, Nubit and Succinct's Nuport, CoinDCX's Investor Fund

Our canary brings exciting news from the crypto world. Stripe is making crypto more accessible by partnering with Bitstamp for direct purchases. Hong Kong's Mox Bank is joining the crypto game with Bitcoin and Ether ETFs. In the world of blockchain infrastructure, Nubit and Succinct have teamed up to launch Nuport. And finally, showing its commitment to user protection, CoinDCX has established a $6 million investor fund.

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Market Movements - 07 Aug 2024

The upward trend in the cryptocurrency market continued on Wednesday. Bitcoin was up by +4.14% to $57,178.80, and Ethereum was slightly up by +0.99% to $2,467.97. BNB also increased by +3.09% to $492.29, while Solana rose by +10.74% to $152.91.

Among altcoins, Tron increased by +1.58% to $0.124, and Toncoin was up by +4.47% to $5.72. Cardano also rose by +3.98% to $0.335, and Avalanche was in green by +3.21% to $21.07.

Movers and Shakers

In the last 24 hours, the top gainers included Popcat (+40.56%), dogwifhat (+27.35%), and Sui (+12.47%). The top losers included Maker (-3.13%) and Lido DAO (-2.19%).

Project Updates

1. Arbitrum, a Layer 2 scaling solution for Ethereum, has partnered with Ubisoft, a gaming giant, to develop a brand-new blockchain game.

   Read more here

2. Starknet, a layer-2 scaling solution for Ethereum, undergoes a leadership change. CEO Diego Oliva departs, with James Strudwick assuming the role.

   Read more here

3. Emerging Ethereum Layer-2 scaling solution Turbo claims to handle a staggering 400,000 transactions per second. This potential breakthrough, if substantiated, can significantly enhance transaction processing speeds on the Ethereum network.

   Read more here

4. Crypto futures platform WOO X has unveiled a new market that lets users speculate on the prices of tokens before their launch, allowing traders to potentially influence price discovery and hedge investments ahead of official listings.

   Read more here

5. Bybit has unveiled "Pre-Market Perpetuals," allowing users to trade futures contracts on upcoming tokens before their official launch. This allows early access and potentially avoids price volatility at debut.

   Read more here

Hall of Fame, Hall of Shame

Nexera Halts After $1.5M Exploit

Decentralized exchange Nexera halts operations following a security incident resulting in a reported loss of $1.5M. Hacker exploited Nexera's proxy contract, and stole all NXRA tokens.

Read more here

White Hat Returns $10M from Ronin Hack

Initial reports of a $10M drain from the Ronin network took a surprising turn. A white-hat hacker, potentially responsible for inadvertently initiating the exploit, returned all stolen ETH.

Read more here

What moved in the Crypto World Today

Stripe Partners Bitstamp for Crypto Buys

Payments giant Stripe expanded its crypto offerings in Europe through a partnership with Bitstamp. This integration enables users to directly purchase crypto like Bitcoin and Ethereum with credit or debit cards.

Read more here

Mox Bank Launches Bitcoin and Ether ETFs

Hong Kong's Mox Bank becomes the first virtual bank to offer crypto investing. They're starting with Bitcoin and Ether ETFs, with plans for direct crypto trading in the future.

Read more here

Nubit and Succinct Launch Nuport

Blockchain infrastructure providers Nubit and Succinct collaborate on Nuport. This platform integrates Nubit's data availability layer with diverse blockchains, facilitating the development of scalable and interoperable cryptocurrency applications.

Read more here

CoinDCX Launches $6M Investor Fund

In response to the recent security breach at a competitor exchange, CoinDCX, a leading Indian crypto platform, has established a $6M investor protection fund. It has also implemented a transparent governance for protection fund.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Web3 gaming platform, Cartridge raised $7.50M in a Series A funding round led by BITKRAFT Ventures.

   Read more here

2. Web3 game studio, Curio raised $5.70M in a Seed funding round led by Bain Capital Crypto and SevenX Ventures.

   Read more here

3. Solana on-chain commodities ecosystem, Elmnts raised $2M in a Pre-seed funding round led by Graph Ventures, Foundation Capital, and B+J Studios.

   Read more here

4. Decentralized solver infrastructure, Khalani Network raised $2.50M in a Seed funding round led by Ethereal Ventures.

   Read more here

Whale Movements

1. Jump Trading successfully unstaked 11,500 ETH ($29M) from Lido Finance and transferred it to the wallet 0xf58, which they often use to deposit ETH to exchanges. Txn details here

2. James Fickel further bought 87.792 WBTC ($5M) and 802.321 ETH ($2M). More details here

3. Whale 18qWw woke up after 11 years of dormancy and transferred 250 BTC ($13.9M) to 5 new wallets. Txn details here

Today’s Token Unlocks

Neon (NEON) - $22.22M
Worldcoin (WLD) - $8.50M
SuperWalk (GRND) - $2.32M

Coinversation Street

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

@asxn_r thread about the game theory of BTC adoption among nations:

@kez4twez thread on why trenches are cooked:

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