TL;DR Breakdown Binance Labs announces investment in top-performing projects from Season 5 of its Incubation Program, choosing only a select few from over 900 project applications. The five exceptional projects— Bracket Lab, DappOS, Kryptoskatt, Mind Network, and zkPass—receive funding from Binance Labs after pitching their projects to industry leaders and investors. Binance Labs prepares for the launch of Season 6, encouraging founders of early-stage projects to apply as the application process opens on a rolling basis. Description Binance Labs, the renowned venture capital and incubation arm of Binance, has proudly announced its investment in the most promising projects from Season 5 of its highly regarded Incubation Program. Out of 900 project applications this season, only a select few were chosen to participate in the program. These exceptional projects received extensive support through … Read more Binance Labs, the renowned venture capital and incubation arm of Binance, has proudly announced its investment in the most promising projects from Season 5 of its highly regarded Incubation Program. Out of 900 project applications this season, only a select few were chosen to participate…

TL;DR Breakdown Young Australians, aged 18-24, who prefer stable returns, are increasingly investing in cryptocurrencies, despite its volatility. These young investors aim to build an income stream and show a solid understanding of the cyclical nature of investing. They face challenges in deciding how much to invest and understanding the ESG status of companies. Description The modern era is often tagged as the age of the “digital natives,” and it’s clear that this demographic is reshaping the financial landscape. A wave of crypto-enthusiasm has engulfed Australia’s young, risk-averse investors, marking a change in investment patterns. Crypto enthusiasm among Australia’s youth An intriguing paradox is unraveling among Australia’s youngest investors, aged … Read more The modern era is often tagged as the age of the “digital natives,” and it’s clear that this demographic is reshaping the financial landscape. A wave of crypto-enthusiasm has engulfed Australia’s young, risk-averse investors, marking a change in investment patterns. Crypto enthusiasm among Australia’s youth An intriguing paradox is unraveling among Australia’s youngest investors, aged 18 to 24. This demographic, also labeled as “next-generation investors,” portray themselves…

TL;DR Breakdown President Xi Jinping signals a potential thaw in China-US relations, with both sides making progress in stabilizing their relationship. This positive shift follows a meeting between Xi and Antony Blinken, the first US Secretary of State to visit China since 2018. While tensions persist, the dialogue represents an important step towards possible face-to-face meetings between top US and Chinese leaders. Description In the wake of a landmark encounter, Chinese President Xi Jinping indicates a promising thaw in the ice-cold diplomatic relations between China and the United States. The President’s comments underscore the strongest sign yet that Beijing might entertain the possibility of a ceasefire in its ongoing dispute with Washington. Landmark encounter signals progress The president’s … Read more In the wake of a landmark encounter, Chinese President Xi Jinping indicates a promising thaw in the ice-cold diplomatic relations between China and the United States. The President’s comments underscore the strongest sign yet that Beijing might entertain the possibility of a ceasefire in its ongoing dispute with Washington. Landmark encounter signals progress The president’s declaration follows a long-overdue…

TL;DR Breakdown Controversy arises around Binance and a U.K. company called ‘Binance Ltd,’ registered at a utility closet address. Binance Ltd apparently shares the address with 2,403 companies, a site operated by virtual address provider OfficeServ. Binance denies any association with Binance Ltd, stating it’s a scam company. The U.K. Financial Conduct Authority has warned about crypto “clone” firms that misuse legitimate firms’ information. Description In recent days, the cryptocurrency community has found itself embroiled in controversy, with the focus centered around Binance, one of the world’s leading digital asset exchanges. The tempest has stirred due to an apparent connection between Binance and a company registered under the name ‘Binance Ltd,’ which is based in a humble utility closet in … Read more In recent days, the cryptocurrency community has found itself embroiled in controversy, with the focus centered around Binance, one of the world’s leading digital asset exchanges. The tempest has stirred due to an apparent connection between Binance and a company registered under the name ‘Binance Ltd,’ which is based in a humble utility closet in the U.K….

TL;DR Breakdown MistTrack uncovers THORChain’s role in obfuscating $35M stolen funds from Atomic Wallet. Hackers utilize the Swft network to complicate tracking stolen funds in the Atomic Wallet heist. Audacious perpetrators defy regulations by funneling stolen funds into blacklisted exchanges. Description In a shocking revelation, blockchain detective MistTrack has unveiled the masterminds behind the audacious $35 million theft from Atomic Wallet. The perpetrators, exhibiting unparalleled expertise in the field, cunningly employed the cross-chain liquidity protocol THORChain to obfuscate their illicit activities and launder the stolen funds. MistTrack’s meticulous analysis uncovered a series of intriguing transactions that … Read more In a shocking revelation, blockchain detective MistTrack has unveiled the masterminds behind the audacious $35 million theft from Atomic Wallet. The perpetrators, exhibiting unparalleled expertise in the field, cunningly employed the cross-chain liquidity protocol THORChain to obfuscate their illicit activities and launder the stolen funds. MistTrack’s meticulous analysis uncovered a series of intriguing transactions that transpired in the last two days, painting a vivid picture of the hackers’ tactics. Astoundingly, approximately $870,000 worth of ether (ETH) swiftly traversed THORChain’s domain, only…

TL;DR Breakdown Binance, one of the largest cryptocurrency exchanges, plans to migrate funds from its previous Bitcoin cold wallet to a new address for improved security and infrastructure. The wallet transfer involves a substantial amount of BTC, totaling 130,177 BTC or approximately $3.45 billion. On-chain data confirms specific BTC movements associated with the migration, including significant transfers to two main addresses. The migration reflects Binance’s commitment to security and may have short-term market implications. Description Binance, one of the world’s largest cryptocurrency exchanges, has announced its intention to transfer funds from its previous Bitcoin (BTC) cold wallet to a new address, leading to notable on-chain BTC transfers. This move comes as part of Binance‘s commitment to bolster the security and infrastructure of its BTC holdings, prompting significant attention from market … Read more Binance, one of the world’s largest cryptocurrency exchanges, has announced its intention to transfer funds from its previous Bitcoin (BTC) cold wallet to a new address, leading to notable on-chain BTC transfers. This move comes as part of Binance‘s commitment to bolster the security and infrastructure of…

TL;DR Breakdown . PancakeSwap price faced yet another rejection below $1.5 resistance . Price fell down to $1.39 today . Bullish sentiment set to be invalidated if price falls below $1.3 Description PancakeSwap price analysis shows a continuation of struggles for the token, as price took another turn downwards over the past 24 hours. CAKE price fell down to $1.39 today, incurring more than 1 percent in decline. PancakeSwap price has kept bearish since the turn of the current month, and has kept below the current $1.5 … Read more PancakeSwap price analysis shows a continuation of struggles for the token, as price took another turn downwards over the past 24 hours. CAKE price fell down to $1.39 today, incurring more than 1 percent in decline. PancakeSwap price has kept bearish since the turn of the current month, and has kept below the current $1.5 resistance since June 10. Buyers would be hopeful of a swift uptrend, but CAKE could remain bearish in the long-run. Trading volume over the past 24 hours picked up 17 percent, but receding price suggests…

TL;DR Breakdown The EU has postponed the publication of legislation supporting the digital euro following a leaked draft bill and concerns raised by finance ministers. The draft bill addresses privacy and technical issues related to the central bank digital currency (CBDC). The delay allows refinement and deliberation, allowing policymakers to address concerns and ensure the digital euro aligns with the economy’s and citizens’ needs. Description The implementation of a digital euro, a central bank digital currency (CBDC), is facing a setback as the European Union (EU) has decided to postpone the publication of the legislation required to support its development. This delay comes after a leaked draft bill addressing privacy and technical concerns regarding the CBDC and statements made by … Read more The implementation of a digital euro, a central bank digital currency (CBDC), is facing a setback as the European Union (EU) has decided to postpone the publication of the legislation required to support its development. This delay comes after a leaked draft bill addressing privacy and technical concerns regarding the CBDC and statements made by finance ministers…

TL;DR Breakdown Cardano has released upgrade version 8.1.1, focused on improving efficiency and user experience. The upgrade optimizes epoch calculations, reducing disruptions and delays during epoch transitions. Enhancements to peer-to-peer network communications and the Cardano-based domain name system improve stability and security. Description Cardano‘s developers have rolled out a significant upgrade, version 8.1.1, aimed at enhancing the efficiency of the blockchain network for its users. This recent release focuses on reducing epoch transitions and streamlining network processes during these crucial periods. Epochs play a vital role in the Cardano blockchain, with each epoch spanning 432,000 slots that last … Read more Cardano‘s developers have rolled out a significant upgrade, version 8.1.1, aimed at enhancing the efficiency of the blockchain network for its users. This recent release focuses on reducing epoch transitions and streamlining network processes during these crucial periods. Epochs play a vital role in the Cardano blockchain, with each epoch spanning 432,000 slots that last for a second. Consequently, a single epoch spans approximately five days. Within these epochs, ADA tokens are staked, contributing to the production of new…

TL;DR Breakdown Etherscan, a popular Ethereum block explorer and analytics platform, unveiled a new tool called “Code Reader,” which leverages artificial intelligence (AI) to extract and interpret the source code of a specific contract address. Code Reader generates comprehensive responses, offering valuable insights into the contract’s source code files by utilizing OpenAI’s large language model (LLM). A recent report published by Singaporean venture capital firm Foresight Ventures, it was suggested that computing power resources would be a pivotal battleground in the coming decade. Description On June 19, Etherscan, a popular Ethereum block explorer and analytics platform, unveiled a new tool called “Code Reader,” which leverages artificial intelligence (AI) to extract and interpret the source code of a specific contract address. By utilizing OpenAI’s large language model (LLM), Code Reader generates comprehensive responses, offering valuable insights into the contract’s source … Read more On June 19, Etherscan, a popular Ethereum block explorer and analytics platform, unveiled a new tool called “Code Reader,” which leverages artificial intelligence (AI) to extract and interpret the source code of a specific contract address. By utilizing…