DeepNewz

TradFi & Fintech
MicroStrategy Reports Q2 Loss, Plans $2B Stock Sale to Fund Bitcoin Purchases, Holds 226,500 BTC
MicroStrategy reported a second consecutive quarterly loss, with a net income of -$102.6 million for Q2 2024

DeFi
BlackRock's Largest Tokenized Fund BUIDL Pays $2.1M in July, Over $7M Since March in Monthly Dividends
BlackRock's tokenized fund, known as BUIDL, has achieved significant milestones in its dividend payouts

DeFi
Arbitrum-based DuelNow Secures $11M Funding Led by SimonYuSEA as Web3 Betting Gains Momentum
Arbitrum-based DuelNow, led by SimonYuSEA, has secured $11 million in funding as the Web3 betting market gains momentum

NFTs & Web3
Sandbox Partners with LayerZero to Expand $SAND to Base, Polygon, and BNB
On August 1, 2024, Sandbox announced its vision for a multi-chain feature, partnering with LayerZero to open interoperability with Base, Polygon, and BNB, with more chains to come

NFTs & Web3
Arthur Hayes' Maelstrom Invests in Bitcoin Ordinals Wallet Oyl and Launches Airheads for Digital Portfolios
Arthur Hayes' family office, Maelstrom, has invested in the Bitcoin Ordinals wallet Oyl and collaborated to develop a new series called Airheads

CeFi
Bybit to Cease Operations in France on August 2 Amid MiCA Regulations
Bybit, the third largest offshore cryptocurrency exchange, has announced that it will cease its services and product offerings in France

Markets
Bitcoin Short Squeeze Looms as $5 Billion in Shorts Could Be Liquidated at $72,000, $4 Billion at $73,000
If Bitcoin reaches $72,000, approximately $5 billion worth of short positions will be liquidated, potentially triggering a massive short squeeze

Markets
Crypto Whales Prepare for Altcoin Rally as Limit Buy Orders Surge for Solana, Polygon, Cardano; XRP and Chainlink Struggle
Recent insights from Ki Young Ju, founder of CryptoQuant, indicate that cryptocurrency whales are preparing for an impending altcoin rally

NFTs & Web3
Telegram Launches 'TON Sites' In-App Browser for Decentralized Websites, Available on Mobile and Desktop for 1 Billion Users
Telegram has launched a new in-app browser feature called 'TON Sites' that enables users to access decentralized websites hosted on the Open Network (TON)

Regulation & Politics
BIS and Bank of England Launch Project Pyxtrial for Real-Time Stablecoin Reserve Monitoring
The Bank for International Settlements (BIS) and the Bank of England have launched Project Pyxtrial, a proof-of-concept system aimed at monitoring the reserves of asset-backed stablecoins and tokenized assets





