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July Token Unlocks Totaling $350 Million Include Worldcoin, XAI, Arbitrum, and Aptos ⚠️ In July, several major crypto projects are unlocking significant token amounts, including Worldcoin doubling its daily unlocks to $13.3 million starting July 24, Xai releasing $70 million on July 9, ImmutableX unlocking $43 million on July 12, Aptos releasing $68 million on July 12, StarkNet unlocking $36.7 million on July 15, and Arbitrum releasing $64 million on July 16, along with notable unlocks from Axie Infinity, Apecoin, and Pixels.

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Exchange Exec: Solana Has Advanced Africa's Crypto Market Maturity ✔️ Oladotun Wilfred Akangbe, chief marketing officer of Flincap, highlighted the cryptocurrency industry's growth and maturity, especially noting Solana's resilience and community efforts in Africa. Akangbe told Cointelegraph that the industry is now better at handling challenges that previously would have caused downturns.

Justin Sun Proposes $2 Billion Bitcoin Purchase from Germany to 'Minimize' Market Impact ✨ Tron founder Justin Sun has offered to buy $2.3 billion in seized Bitcoin from the German government off-market to prevent further market disruption. Recent transfers by Germany caused Bitcoin's price to drop to $56,892.53.

Bitcoin Liquidations Reach $91.7 Million, Including $78 Million in Long Positions ⚠️ Over $91.7 million in leveraged Bitcoin positions were liquidated in the past 24 hours, raising concerns of a potential correction to $50,000. The liquidations, mostly long positions, followed three days of price declines from over $62,000 on July 2 to a low of $56,930 on July 4. Bitcoin has since rebounded to above $57,900 but remains down over 4.5% for the day.

Farcaster Co-Founder Dan Romero Introduces In-App Payments with USDC Stablecoins 📌 Dan Romero, co-founder of Farcaster, introduced a new in-app payments feature for Warpcast using USDC. This simplifies crypto transactions by using human-readable Farcaster identities. Initially, it will operate on the Coinbase-built Base Ethereum scaling layer.

Nostra CEO steps down days after NSTR token launch David Garai, founder of Starknet-powered crypto project Nostra, has stepped down as the CEO just days after the launch of the project’s native token, NSTR. Nostra is a platform that allows users to lend, borrow, swap, and bridge crypto. The project launched its token on June 17, with 100% of the total supply unlocked during the token generation (TGE) event. Meanwhile, Garai resigned as the platform’s CEO today, June 28. “I have resigned as CEO of Nostra,” Garai said in a statement posted on X. “The great @RTPthefirst will take over as the day-to-day lead of Nostra Labs,” he added, referring to Nostra head of product Richard Thomas-Pryce.

Crypto industry lost $572.7m to hacks and scams in Q2 In the second quarter of 2024, a total of $572.7 million in crypto was lost across 72 incidents due to hacks and scams. Centralized finance platforms were the primary targets of these breaches. These losses marks a 70.3% increase from the $336.3 million lost in Q1 and a staggering 112% rise compared to Q2 2023 when $265.5 million was stolen, according to a recent report from Immunefi, a Web3 bug bounty and security services platform. Over $900 million has been lost to these illicit activities year-to-date, a 24% increase from the same period last year. Immunefi’s data highlights a shift in targets. In Q2, centralized finance (CeFi) platforms bore the brunt of the attacks, accounting for 70% ($401.4 million) of the losses. In contrast, decentralized finance (DeFi) platforms accounted for 30% ($171.3 million) of the quarter’s losses. This marks a change from Q1, where DeFi platforms were the sole targets of identified exploits. The losses from hacks and scams amounted to $572.7 million.

Crypto Firm Abra Settles with State Regulators Over Unlicensed Mobile App Crypto firm Abra has settled with 25 state regulators for operating without proper licenses, agreeing to cease crypto transactions for U.S. customers and return $82 million. Investigations found Abra operated without required licenses. The settlement waives penalties to prioritize customer repayment.

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