Crypto Roundup: Telegram's Mini-App Store, Elixir's deUSD, Trump Unveil Bitcoin Sneakers, M2 Expands Fiat Options

Our canary brings today’s crypto news! Telegram is expanding its ecosystem with a new mini-app store, to attract more users. Meanwhile, Elixir is introducing deUSD, a synthetic dollar asset, adding another layer of complexity to the stablecoin market. To further promote crypto, Trump launched limited-edition line of Bitcoin-themed sneakers. On the other side of the world, M2 Exchange has enabled direct AED deposits for crypto purchases, to broaden its user base in the UAE.

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Meme of the Day

Market Movements - 01 Aug 2024

Thursday witnessed a downward trend in the cryptocurrency market, due to the U.S. Federal Reserve's recent decision to maintain current interest rates and escalating conflicts in the Middle East. Bitcoin was down by -2.13% to $64,756.72, and Ethereum dipped by -3.99% to $3,189.91. BNB also declined by -2.07% to $573.61, while Solana dipped by -6.37% to $170.42.

Among altcoins, Tron was down by -2.03% to $0.128, while Toncoin was up by +0.17% to $6.84. Cardano dipped by -2.56% to $0.394, and Avalanche was in red by -3.08% to $25.55.

Movers and Shakers

In the last 24 hours, the top gainers included AIOZ Network (+8.25%), Aave (+7.20%), and Kaspa (+1.27%). The top losers included Mog Coin (-18.77%), dogwifhat (-11.89%) and Popcat (-9.53%).

Project Updates

1. Gaming platform Notcoin partners with Lost Dogs NFTs for a story-driven Telegram game. Players vote on the narrative and earn NOT & WOOF tokens.

   Read more here

2. Venom Foundation strengthens its global footprint with a listing on Coins.ph, the leading Philippine crypto platform. This move expands accessibility of the $VENOM token and bolsters their presence in the Southeast Asian market.

   Read more here

3. The venture arms of OKX and the Aptos Foundation have launched a joint $10 million fund to nurture projects building on the Aptos blockchain, aiming to accelerate ecosystem development.

   Read more here

4. TRON-based DeFi platform SUN.io unveils SUN DAO, a governance framework empowering token holders to participate in decision-making via on-chain voting.

   Read more here

5. Japanese crypto platform Bitbank is planning for an IPO on the Tokyo Stock Exchange.

   Read more here

Hall of Fame, Hall of Shame

Wisconsin Fights Crypto Scams with Tracker

Wisconsin unveiled a public crypto investment scam tracker. The tool leverages consumer complaints to identify fraudulent activity and empower investors to make informed decisions.

Read more here

China's Crypto Ban Fails to Stop Scams

Despite China's ban on cryptocurrency transactions, Shaanxi police arrested four individuals suspected of orchestrating a $57,000 crypto investment scam

Read more here

What moved in the Crypto World Today

Telegram Unveils Mini-App Store

Messaging platform Telegram expanded its functionality with the launch of a mini-app store and a dedicated Web3 browser. This integration aims to streamline access to decentralized applications within the Telegram ecosystem.

Read more here

Elixir Launches Synthetic Dollar deUSD

Decentralized orderbook liquidity protocol Elixir debuts deUSD, a synthetic dollar asset. deUSD leverages stETH (staked Ether) as collateral and seeks to differentiate itself from established stablecoins by incorporating yield-generating functionalities.

Read more here

Trump Launches Bitcoin-Themed Sneakers

Following his Bitcoin 2024 speech, Donald Trump promotes a limited-edition line of Bitcoin-themed sneakers on his website.

Read more here

M2 Exchange Adds AED to Crypto Options

UAE crypto exchange M2 expands fiat options, enabling direct AED deposits for Bitcoin and Ethereum purchases.

Read more here

Funding Announcements

Our Canary tweets of the latest funding news:

1. Crypto prop firm, Breakout raised $4.50M in a Seed funding round led by RockawayX.

   Read more here

2. Cross-border payments infrastructure company, Layer2 Financial raised $10.70M in a Series A funding round led by Galaxy Digital.

   Read more here

3. Web3 messaging platform, Icebreaker raised $5M in a Seed funding round led by CoinFund.

   Read more here

4. Onchain competition platform, JokeRace raised $3M in a funding round led by Maven 11 Capital.

   Read more here

5. UGA platform, We.Rich raised $2M in a Seed funding round led by Animoca Brands, Folius Ventures.

   Read more here

6. Distributed meteorological sensor network, Raad Labs raised $2.25M in a Seed funding round led by CoinFund.

   Read more here

7. DePIN project focused on energy distribution, Daylight Energy raised $9M in a Series A funding round led by Andreessen Horowitz.

   Read more here

8. L1 powering chain abstraction, Particle Network, received undisclosed funding from Binance Labs Fund.

   Read more here

9. Points trading protocol, Pichi Finance raised $2.50M in a funding round led by Signum Capital, UOB Venture Management, and Mantle Network.

   Read more here

Whale Movements

1. Wallet 0xcaa deposited 2.65M ONDO ($2.44M) to Bybit. Txn details here

2. Whale 0x25e bought another $6.29M worth of WBTC amid market crash. More details here

3. Whale 0x9b1 deposited 400B PEPE ($4.22M) to Binance. More details here

Today’s Token Unlocks

ZetaChain (ZETA) - $30M
Worldcoin (WLD) - $10.69M
dYdX (DYDX) - $9.84M

Coinversation Street

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

@asxn_r research thread about chain abstraction:

@Evan_ss6 shares his thoughts on the ETH ETF:

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