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Hodler's Digest: DeFi Undergoes Stress Test, DoJ Concerned about Binance Run, Hong Kong's Crypto Trading, July 30 - Aug. 5

Hodler’s Digest: DeFi Undergoes Stress Test, DoJ Concerned about Binance Run, Hong Kong’s Crypto Trading, July 30 – Aug. 5

– Over $61 million was stolen from Curve Finance’s pools, exposing vulnerabilities in the DeFi ecosystem and causing volatility in tokens and stablecoins.

– The US Department of Justice is considering charging Binance with fraud but is concerned about the potential harm to consumers.

– Hong Kong has expanded its cryptocurrency trading to individual investors, with HashKey and OSL obtaining licenses to serve retail users.

– Coinbase denies reports that the SEC told it to delist all cryptocurrencies except for Bitcoin.

– The Ethereum network celebrated its 8th birthday, marking its growth to become the second-largest crypto asset.

– Bitcoin is at $28,985, Ether at $1,823, and XRP at $0.63. Helium, XDC Network, and Bone ShibaSwap are the top altcoin gainers, while Compound, Curve DAO Token, and Stellar are the top altcoin losers of the week.

– Ilya Lichtenstein admitted to hacking Bitfinex in 2016 and stealing 119,754 Bitcoin.

– FTX founder Sam Bankman-Fried is speculated to be secretly behind the controversial Bald memecoin.

– CertiK tried to warn users of a rug pull in a crypto project, but investors dismissed the warning. The project eventually shut down.

– Cointelegraph explores what crypto exchanges do with users’ money behind the scenes and examines deposit risks.

– Other features include Facebook’s losses in the metaverse, a text-based Discord RPG using AI and NFTs, and Girl Gone Crypto’s journey in the crypto industry.

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