TL;DR Breakdown Binance has conducted its 11th token burn, resulting in the destruction of 2.65 billion Terra Classic (LUNC) tokens. The burn initiative aims to decrease the total token supply and enhance the value and stability of the LUNC ecosystem. Description In a recent move to address the supply dynamics of Terra Classic (LUNC) tokens, Binance, the world’s largest cryptocurrency exchange, has executed its 11th token burn event. This initiative resulted in the destruction of a substantial 2.65 billion LUNC tokens, marking a significant reduction in the overall supply. Binance‘s commitment to reducing the token supply … Read more In a recent move to address the supply dynamics of Terra Classic (LUNC) tokens, Binance, the world’s largest cryptocurrency exchange, has executed its 11th token burn event. This initiative resulted in the destruction of a substantial 2.65 billion LUNC tokens, marking a significant reduction in the overall supply. Binance‘s commitment to reducing the token supply and the subsequent positive market response reflects the exchange’s efforts to enhance the value and stability of the LUNC ecosystem.  Contents hide 1 Binance’s 11th LUNC…

TL;DR Breakdown The Binance Research survey reveals a growing optimism among institutional investors towards cryptocurrencies, with 63.5% having a positive outlook for the next year, and 88% for the next decade. Survey participants, a diverse group of institutional investors, show a strong interest in the infrastructure, Layer-1 (L1), and Layer-2 (L2) sectors of cryptocurrency technologies. Respondents view real-world use cases and regulatory clarity as crucial drivers for broader cryptocurrency adoption, signaling a significant shift in the financial landscape. Description A recent survey conducted by Binance Research has provided new insights into the evolving attitudes of institutional investors toward cryptocurrencies. However, The survey polled over 200 global institutional investors, revealing a growing optimism in the crypto sector over the next 12 months and into the next decade. Growing confidence in the crypto sector According to … Read more A recent survey conducted by Binance Research has provided new insights into the evolving attitudes of institutional investors toward cryptocurrencies. However, The survey polled over 200 global institutional investors, revealing a growing optimism in the crypto sector over the next 12 months and…

TL;DR Breakdown The exploit involved manipulating a smart contract function on the platform’s cross-chain bridge protocol, leading Poly Network to temporarily suspend its services.  Although the exact amount stolen in the attack was not specified by Poly Network, it was reported that the hacker transferred at least $5 million worth of crypto. Binance CEO Changpeng Zhao reassured customers that the attack would not affect Binance users, as they do not support deposits from the Poly Network. Description The cross-chain bridge platform Poly Network fell victim to a major attack, resulting in a hacker being able to generate billions of tokens for profit on July 2. The exploit involved manipulating a smart contract function on the platform’s cross-chain bridge protocol, leading Poly Network to temporarily suspend its services. The attack affected 57 different … Read more The cross-chain bridge platform Poly Network fell victim to a major attack, resulting in a hacker being able to generate billions of tokens for profit on July 2. The exploit involved manipulating a smart contract function on the platform’s cross-chain bridge protocol, leading Poly Network…

TL;DR Breakdown A newly formed decentralized autonomous organization (DAO) comprised of Azuki enthusiasts has put forth a proposal to reclaim 20,000 Ether from Zagabond, the founder of the renowned NFT brand Azuki.  The recovered funds would then be allocated back to the DAO to support the growth of the broader platforms community. Some holders claim to have no prior knowledge of AzukiDAO and suspect it may be either fake or driven by malicious intentions. Description A newly formed decentralized autonomous organization (DAO) comprised of Azuki enthusiasts has put forth a proposal to reclaim 20,000 Ether from Zagabond, the founder of the renowned NFT brand Azuki. The proposal, initiated on July 2, aims to hire a lawyer and take legal action against Zagabond, also known as Alex Xu, for allegedly engaging … Read more A newly formed decentralized autonomous organization (DAO) comprised of Azuki enthusiasts has put forth a proposal to reclaim 20,000 Ether from Zagabond, the founder of the renowned NFT brand Azuki. The proposal, initiated on July 2, aims to hire a lawyer and take legal action against Zagabond,…

TL;DR Breakdown Litecoin’s price is on a surge, mainly driven by the upcoming block reward halving in August, which will reduce the mining reward from 12.5 LTC to 6.25 LTC. The crypto’s recent listing on the institutional exchange EDX Markets and a positive market reaction to BlackRock’s Bitcoin ETF filing have also boosted its price. Description In a surprising turn of events, Litecoin is on a winning streak. Defying market trends, its value has taken an upward surge, and the cryptocurrency world is abuzz with speculation. But what exactly has set the wheels in motion for Litecoin’s current rally? Let’s explore the undercurrents driving this surge. Hyped halving and the bullish … Read more In a surprising turn of events, Litecoin is on a winning streak. Defying market trends, its value has taken an upward surge, and the cryptocurrency world is abuzz with speculation. But what exactly has set the wheels in motion for Litecoin’s current rally? Let’s explore the undercurrents driving this surge. Hyped halving and the bullish bias The impending block reward halving in August seems to be…

TL;DR Breakdown Action Movie Star Arnold Schwarzenegger has doubled down on the challenges and controversies surrounding AI. Analysts discuss ethical considerations in AI-generated content. Description The potential threat posed by artificial intelligence (AI) has long been a prominent theme in science fiction, captivating audiences through Hollywood blockbusters. However, iconic movie star Arnold Schwarzenegger recently emphasized that this threat is no longer confined to the realm of imagination but has become a real concern. During a panel discussion at the Academy … Read more The potential threat posed by artificial intelligence (AI) has long been a prominent theme in science fiction, captivating audiences through Hollywood blockbusters. However, iconic movie star Arnold Schwarzenegger recently emphasized that this threat is no longer confined to the realm of imagination but has become a real concern. During a panel discussion at the Academy Museum of Motion Pictures, the movie star referred to the “Terminator” film franchise’s Skynet network as a cautionary example of the potential dangers associated with the rapid development of AI. Movie star warns about the influx of AI In the “Terminator” series,…

TL;DR Breakdown Europe needs to boost domestic demand to ensure economic security, following examples set by the US and China. The European Commission’s new economic security strategy focuses on enhancing competitiveness and deepening the single market. Resolving Europe’s economic risks requires both political and corporate consensus. Description Economic robustness is the lifeline that ensures both individual and corporate freedom, and the same principle extends to nations. Europe, known for its economic resilience, is realizing the necessity of bolstering its financial strength to ensure self-determination. Europe’s new economic security strategy The European Commission has taken a step forward, proposing a new economic security … Read more Economic robustness is the lifeline that ensures both individual and corporate freedom, and the same principle extends to nations. Europe, known for its economic resilience, is realizing the necessity of bolstering its financial strength to ensure self-determination. Europe’s new economic security strategy The European Commission has taken a step forward, proposing a new economic security strategy that places the enhancement of competitiveness and the deepening of the single market as its foremost priority. This strategy…

TL;DR Breakdown Bittrex files a motion to dismiss the SEC lawsuit, arguing that the regulatory authority lacks the authority to regulate crypto assets without specific authorization from Congress. The exchange follows Coinbase’s playbook, mirroring their defense strategy and asserting that once an asset is actively traded on secondary markets. Description Crypto exchange Bittrex has taken a significant step in its legal battle against the U.S. Securities and Exchange Commission (SEC) by filing a motion to dismiss the lawsuit brought against it. In the court filing, Bittrex challenges the SEC’s authority to regulate crypto assets as securities without specific authorization from Congress. The exchange aims to … Read more Crypto exchange Bittrex has taken a significant step in its legal battle against the U.S. Securities and Exchange Commission (SEC) by filing a motion to dismiss the lawsuit brought against it. In the court filing, Bittrex challenges the SEC’s authority to regulate crypto assets as securities without specific authorization from Congress. The exchange aims to develop a clearer regulatory framework that aligns with the unique nature of digital assets. This move by…

TL;DR Breakdown Alternative Airlines and Binance Pay have launched a promotion offering a 3% discount on flight bookings made with cryptocurrencies. This collaboration encourages the use of digital assets for everyday purchases, highlighting the practicality of cryptocurrencies and empowering users to utilize their digital wealth effortlessly. Description Binance Pay, the renowned cryptocurrency payment platform, has teamed up with Alternative Airlines, a leading online flight booking platform, to introduce an exciting promotion for crypto enthusiasts. This collaboration allows Binance Pay users to enjoy a 3% discount on all bookings made at Alternative Airlines using the exclusive “BINANCE3” discount code. The promotion aims to … Read more Binance Pay, the renowned cryptocurrency payment platform, has teamed up with Alternative Airlines, a leading online flight booking platform, to introduce an exciting promotion for crypto enthusiasts. This collaboration allows Binance Pay users to enjoy a 3% discount on all bookings made at Alternative Airlines using the exclusive “BINANCE3” discount code. The promotion aims to provide greater convenience and cost savings for cryptocurrency holders, as well as showcase the expanding utility of digital currencies in…

TL;DR Breakdown Canada has granted approval for unlimited trading of Litecoin (LTC) and three other cryptocurrencies, signaling support for the blockchain industry. Litecoin’s price has surged past $100 and is predicted to reach $140, fueled by upcoming halving events and increased transaction volume. Description In a significant development for the Canadian cryptocurrency market, the Canadian government has granted approval for unlimited trading of Litecoin (LTC) and three other cryptocurrencies on exchanges. This move comes as Canada continues to explore and support the blockchain industry. Alongside this approval, Litecoin recently achieved a 14-month high, surpassing the $100 mark. With the … Read more In a significant development for the Canadian cryptocurrency market, the Canadian government has granted approval for unlimited trading of Litecoin (LTC) and three other cryptocurrencies on exchanges. This move comes as Canada continues to explore and support the blockchain industry. Alongside this approval, Litecoin recently achieved a 14-month high, surpassing the $100 mark. With the upcoming halving event and the increased transaction volume, experts predict further upward momentum for LTC, potentially reaching the $140 mark. Contents hide 1…