Bitcoin Price: US$ 57,725.72(-0.54%)
Ethereum Price: US$ 3,101.05 (+1.12%)
Crypto voters are poised to play a pivotal role in the upcoming US presidential election, as one in six resides in battleground states, underscoring their potential sway in critical races. This demographic, largely comprising Gen Z and Millennials, exhibits greater diversity and voting enthusiasm than the general electorate, prioritising candidates supportive of crypto policies. In parallel, Bitget achieved substantial growth in Q2 2024, highlighted by a $700 million capital inflow, strategic partnerships with Turkish athletes, and the establishment of a $20 million ecosystem fund with Foresight Ventures to bolster the TON ecosystem. Meanwhile, Binance is in advanced discussions to sell a majority stake in Gopax amidst regulatory scrutiny and prior financial challenges, signaling a strategic manoeuvre within South Korea’s competitive crypto exchange landscape.
ZachXBT alerted users to avoid the compromised Compound Finance website, redirecting to a phishing site, prompting warnings from security advisors and assurances that smart contract funds were secure despite the breach. Meanwhile, BitMEX settled a longstanding legal issue over its 2020 Bank Secrecy Act violation, with founders paying substantial fines, while Terraform Labs initiated a wind-down plan by selling four subsidiaries as part of a $4.5 billion SEC settlement, ending its tumultuous journey through bankruptcy and regulatory challenges.
Railgun’s PPOI system recently thwarted an attempt by Inferno Drainer to launder 174 Ether ($533,000), compelling the tokens to revert to the attacker’s original wallet. This incident underscores Railgun’s adept use of zero-knowledge cryptography to safeguard against unauthorised transactions and uphold transaction privacy across Ethereum and other blockchain networks. In parallel, Goldman Sachs is preparing to launch three new tokenisation products in the US and Europe, focusing on tokenised real-world assets and the fund complex. By harnessing permissioned blockchains, the investment bank aims to bolster marketplaces for assets like debt instruments, catering primarily to institutional clients amidst rising interest in cryptocurrencies and ETFs. Meanwhile, SingularityNET has joined forces with the Filecoin Foundation to integrate AI into decentralised infrastructure, emphasising ethical AI practices and data integrity. This partnership aims to leverage Filecoin’s technology for metadata storage and support, thereby enhancing security and interoperability in AI-driven data management solutions.
Source: https://cointelegraph.com
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