India Exchange Hacked for $230M

️ On today's Top Picks:

Crypto News

• ⭐️ BitForex to return & process withdrawals following investigation by Chinese police.

• BinanceUS receives approval to invest customer funds into US Treasury Bills.

• Polygon to replace $MATIC with $POL as native gas & staking token for Polygon PoS.

• BlockFi to begin interim crypto distributions through Coinbase.

• Virgil Griffith's sentencing reduced by seven months.

Alpha

• Starknet DeFi Spring Incentive Program with Argent by Earndrop.

• Scroll launches Pencils Badges on Scroll Canvas.

• Scroll launches Gitcoin Passport Humanity Badge on Scroll Canvas.

• Squid launches Squid Summer Camp campaign.

• Catalyst distributes weekly Egg Rewards to

• Reya introduces Loyalty XP Boosts on Reya Network.

• Wield Labs launches FarTap, a Farcaster tapping game on Telegram.

Airdrops

• ⭐️ Avail to launch Mainnet & $AVAIL airdrop on July 23rd.

• Binance launches Banana Gun $BANANA on Binance HODLer Airdrops.

• EtherFi launches $ETHFI Season 2 Airdrop.

• Lava Network extends $LAVA Vesuvius Airdrop claim until Sunday 0600 UTC.

• Pontem Lumio requests users to connect their X account to their wallet.

Finance News

• Citi $C reaches settlement with Montreal Exchange on options reporting.

• ⭐️ CrowdStrike $CRWD update causes global IT outage.

• US Department of Education to pause student loan payments amid legal challenges.

Security and Exploits

• ⭐️ WazirX exploited for ~$230M due to multi-sig wallet compromise.

• ⭐️ Fractal ID faces data breach affecting 0.5% of its users.

• LiFi publishes post-mortem regarding ~$11.6M exploit.

Token Unlocks

• Render / 760.57K $RNDR / ~$5.1M / JUL 16
• Arbitrum / 92.65M $ARB / ~$71.8M / JUL 16
• Axie Infinity / 2.45M $AXS / ~$14.6M / JUL 16
• ApeCoin / 15.6M $APE / ~$12.7M / JUL 17
• Manta / 6.67M $MANTA / ~$6.8M / JUL 18
• Pixel / 54.38M $PIXEL / ~$12.2M / JUL 19
• Ethena / 14.89M $ENA / ~$7.3M / JUL 21
• SpaceID / 18.49M $ID / ~$8.6M / JUL 22

Funding

• Allium, a blockchain data platform, raises $16.5M in Series A funding led by Theory Ventures.

• Chainbase, a blockchain data network, raises $15M in Series A funding led by Tencent Investment Group & Matrix Partners China.

• Zivoe, a real-world asset credit protocol, raises $8.35M in funding.

• Nirvana, a blockchain cloud firm, raises $4M in Seed funding led by Castle Island Ventures & RW3 Ventures.

• Truvius, a crypto investment platform, raises $3.2M in Pre-Seed funding led by Galaxy Ventures.

• Liquidium, a Bitcoin lending platform, raises $2.75M in Seed funding.

• zkLink, an aggregated layer 3 zkEVM network, raises an undisclosed amount in Strategic funding from OKX Ventures.

• JOJO Exchange, a perpetual contract trading platform, raises an undisclosed amount in Seed funding led by SevenX Ventures.

The Degen Farmer