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WazirX releases preliminary investigation results of the attack: No malicious transactions were signed before July 18

WazirX has announced the preliminary results of its investigation into the attack on the X platform, which mainly include:1. There is no evidence that the WazirX signer's machine was compromised;2. The attack may have originated from Liminal's infrastructure, bypassing its final verification step;3. Contrary to some reports, no malicious transactions were signed before July 18, 2024;4. This attack involves contract upgrades.WazirX believes that the attack is most likely due to a vulnerability in Liminal's infrastructure that led to malicious transactions.

Bitcoin Miner Marathon Digital Buys $100 Million Worth of BTC, Plans to Hold on Balance Sheet

Bitcoin mining company Marathon Digital has purchased $100 million worth of BTC on the open market and plans to hold all mined bitcoin on its balance sheet. The company now holds over 20,000 bitcoin, worth nearly $1.3 billion, and intends to buy more in the future. Marathon's CFO Salman Khan stated that the recent price decline of bitcoin allowed the company to add to its holdings and it will continue to support the digital asset ecosystem.

Some Bitstamp users claim to have received their Mt.Gox assets

According to @AggrNews, some Bitstamp users have reported receiving their Mt.Gox assets. Previously, on July 25th, Bitstamp will begin distributing BTC and BCH to Mt.Gox creditors.

Bitcoin Conference tonight's agenda focuses on Bitcoin mining

The 2024 Bitcoin Conference will officially begin at 9:00 PM Beijing time tonight (8:00 AM local time in Nashville), with a focus on Bitcoin mining. Well-known mining companies such as Core Scientific and Riot Platforms will give speeches.

Coinbase's CB Payments Ltd. Fined $4.5 Million for Offering Services to High-Risk Customers

The Financial Conduct Authority (FCA) has fined CB Payments Ltd. (CBPL), a payments processor linked to Coinbase, £3.5 million ($4.5 million) for providing services to high-risk customers. Despite restrictions, CBPL offered e-money services to 13,416 high-risk customers. The FCA's action comes as the first spot Ether ETFs begin trading with BlackRock and Franklin Templeton, and as Ferrari announces it will accept crypto payments in Europe. The copper-to-gold ratio has also dropped, prompting speculation about the implications for the crypto market.

SEC Approves Nine Ethereum ETFs from Major Asset Managers, Potentially Reshaping Market Dynamics

The SEC has given the green light to nine Ethereum Exchange-Traded Funds (ETFs) from eight different asset managers, including VanEck, Grayscale, Bitwise, iShares, Invesco, Fidelity, 21Shares, and Franklin Templeton. The launch of the iShares Ethereum Trust ETF (ETHA) on Nasdaq is expected to be successful, following the iShares Bitcoin Trust's success, which saw over $20 billion in assets under management in its first six months. Analysts predict that these ETFs' approval could attract billions of dollars in inflows within months of their listing, driving up the spot price of ETH. The approval of Ethereum ETFs is seen as a significant moment for the blockchain ecosystem, increasing accessibility for institutional investors and validating Ethereum's role in decentralized finance and real-world asset tokenization. According to Zac Cheah, CEO of Pundi X, the introduction of Ethereum ETFs could bridge the gap between traditional finance and crypto, allowing investors to enter the crypto realm with confidence. Although the SEC has banned funds from allowing investors who stake ETH, the introduction of Ethereum ETFs could drive institutional adoption and attract up to $15 billion in net inflows by the end of 2025. On the first day of the ETFs going live, the nine offerings cumulatively witnessed inflows amounting to $106.8 million, with the iShares Ethereum Trust ETF and the Bitwise Ethereum ETF netting $266.5 million and $204 million, respectively. The launch of Ethereum ETFs has the potential to increase the value of not only ETH but also other projects built on its network. On the first day of trading, the nine ETFs received a total of $106.8 million in inflows, with iShares Ethereum Trust ETF and Bitwise Ethereum ETF receiving the most. However, the total inflow for ETH was only 17% compared to the launch of Bitcoin ETFs due to larger-than-expected outflows from the Grayscale Ethereum Trust. Despite this, the outlook for Ethereum ETFs and their impact on the digital assets landscape remains positive, signaling a new era for investing in cryptographic assets.

Galaxy Asset Management raises $113 million for its new venture fund

Galaxy Asset Management has raised $113 million for its new risk fund, which invests in early-stage startups focused on cryptocurrency software, infrastructure, and financial applications. Galaxy Ventures Fund I LP will seek to establish a portfolio of about 30 investments. The fund has already invested in projects such as Ethena, Monad, and Plume. Galaxy Digital Holdings stated in a statement on Thursday that the fund is expected to continue fundraising and reach its target of $150 million by next year at the latest. Will Nuelle, another general partner of the fund, said that each project is expected to receive an investment of $3-5 million, but the amount may vary.

Bitfarms adopts new poison pill to block Riot's hostile takeover attempt

Bitfarms, a Bitcoin miner, has implemented a new "poison pill plan" after winning a lawsuit against Riot Platforms over its first shareholder equity plan, aimed at helping to prevent Riot from acquiring the company. Riot announced on Wednesday that the original "poison pill plan" implemented by the Bitfarms board has been immediately stopped after applying to the Ontario Securities Commission. The adoption of the new "poison pill plan" still requires approval from the Toronto Stock Exchange, and Riot may again apply to the court to invalidate the plan.

AI project Morpheus will be launched on the Arbitrum testnet on Friday

Lumerin, a protocol on the Arbitrum blockchain, announced that its new Morpheus project for decentralized AI computing will go live on the public test network on Friday. The technology aims to avoid the flaws of centralized AI models, which may be susceptible to censorship or monopolistic control.

Lumerin's Morpheus Project for Decentralized AI Computing to Launch on Public Test Network

Lumerin, a protocol on the Arbitrum blockchain, has announced the launch of its new Morpheus project for decentralized AI computing on a public test network. The project aims to overcome the issues of centralized AI models, which are susceptible to censorship and monopoly control. The technology will use "smart agents" or "personal AIs" that can be paid for using cryptocurrencies. The Morpheus project will be deployed on Arbitrum's Sepolia test network to enable users to engage in a decentralized Chat GPT-like interface and more efficiently allocate AI compute power.