DeepNewz

DeFi
dYdX Community Approves $5M Token Distribution, RNDR-USD Update, and MAVIA Vote by August 6
The dYdX community has recently approved several significant measures as part of its ongoing governance activities

People
Justin Sun Denies Liquidation Rumors Amid $1 Billion Bitcoin Market Downturn
Justin Sun, a prominent figure in the cryptocurrency industry, has denied rumors that his positions are being liquidated

Markets
Magnificent Seven Tech Stocks Lose $1 Trillion; Nvidia Down $325B, Apple Down $300B, S&P 500 Down 4.6%
In a significant downturn, the 'Magnificent Seven' tech stocks are set to lose over $1 trillion in value during premarket trading

NFTs & Web3
Cartridge Secures $7.5M Series A Funding Led by BITKRAFT Ventures to Boost Onchain Gaming on Starknet
Cartridge, a leading infrastructure provider for building fully onchain games on Starknet, has announced a $7.5 million Series A funding round

TradFi & Fintech
NVIDIA Down 14%, Below $100 Amid Blackwell Chip Delay Reports
NVIDIA is experiencing significant market turbulence following reports of a delay in the release of its highly anticipated Blackwell AI chip

TradFi & Fintech
GooglePay, AmazonPay, and PhonePe Seek Inclusion in RBI's Digital Currency Pilot Amid 45% Growth and Rs 20 Trillion Transactions
Several major payment firms, including GooglePay, AmazonPay, and PhonePe, are reportedly seeking to join the Reserve Bank of India's (RBI) digital currency pilot program

Blockchains
New Ethereum Wallet Addresses Hit December 2023 Low After Spot Ether ETF Launch; Solana Sees Growth
The number of new Ethereum wallet addresses has reached its lowest level in 2024, coinciding with the recent launch of spot Ether exchange-traded funds

Markets
Jump Trading Liquidates $500M Ethereum, Contributing to $3-4K Bitcoin Drop; Expected to Finish by 5pm EST
Jump Trading is reportedly liquidating substantial amounts of cryptocurrency, including Bitcoin and Ethereum

Regulation & Politics
Trump Suggests Using Bitcoin to Address $35 Trillion US Debt
Former President Donald Trump has suggested the possibility of using cryptocurrency, specifically Bitcoin, to address the United States' $35 trillion national debt

NFTs & Web3
Coinbase Launches Summer Shop with 100+ Unique Items as Web3 Investments Surpass $1B
Coinbase has launched the Coinbase Summer Shop, an onchain marketplace that features over 100 unique items created by various talented creators





