03 Jul 202313:09
Project update
Crypto Events Recap, July 1-3
Pendle Will be the the 35th project on Binance Launchpool. Launchpool Total Rewards: 5,021,222 PENDLE (2% of token supply). Users will be able to stake their BNB and TUSD into separate pools to farm PENDLE tokens over 25 days, with farming starting from July 4th, 00:00 UTC.
Poly Network
Exploited for at least $5M worth of crypto. At one point, there were reports that the hack was worth $34 billion. In reality, the attackers managed to mint this amount but weren’t able to withdraw it due to a lack of liquidity.
Kraken
Ordered to comply with demands from the Internal Revenue Service and identify accounts that did at least $20,000 of cryptocurrency trading in any single year, from 2016 to 2020. Kraken has argued the IRS went well beyond the boundaries set in a similar fight with Coinbase about six years ago.
Bitcoin Depot
The leading Bitcoin ATM operator in the USA, announced that it will be listed on Nasdaq after recent acquisition of GSR II Meteora Acquisition Corp.
OKX
Expanded its partnership with English Premier League football club Manchester City with a new $70M deal to become the team’s sleeve sponsor.
Gamium
Announced the upcoming release of Genesis, Gamium's Metaverse platform.
EigenLayer
Announced expansion of its restaking opportunities for rETH, stETH, and cbETH to 15,000 tokens per Liquid Staking Tokens with no individual deposit limit.