Tether teams up with UAE’s Phoenix Group PLC and Green Acorn Investments to launch a Dirham-backed stablecoin, enhancing international trade and remittances. Source link
Terraform Labs bankruptcy reorganization hearing set for September
The court’s decision will determine if the company can restructure or must liquidate. Source link
Solana memecoin protocol teases new ‘short squeeze’ platform
A memecoin shorting protocol called Dumpy.fun says it will release a new “squeezy” tool allowing traders to take the other side of the short trade. Source link
Tron memecoin deployer ‘SunPump’ tops $1M in revenue 11 days after launch
After 11 days of operation — including a brief downtime — the memecoin platform SunPump has helped create over 18,000 tokens. Source link
CZ and Binance face new lawsuit for alleged laundering of stolen crypto
One legal expert says if the class action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial. Source link
Cambodia’s Bakong Tourists app boosts regional payment options
The Cambodian central bank’s Soramitsu-backed digital payment system is continuing to expand. Source link
RFK Jr’s running mate floats ‘unity party’ with former President Trump
Nicole Shanahan claimed that 51% of Americans were against the two-party system dominating modern United States politics. Source link
German BaFin regulator cracks down on crypto ATMs
According to Coin ATM Radar, there are currently 38,725 crypto ATMs worldwide, with a vast majority located inside the United States. Source link
Private transactions now dominate Ethereum order flow — report
Private orders consume more than 50% of gas used on Ethereum, according to Blocknative. Source link
Beat crypto airdrop bots, Illuvium’s new features coming, PGA Tour Rise: Web3 Gamer
Illuvium founder asks: Where are all the new Web3 Games? NFT allowlist to eliminate gaming bots, official PGA golf tour game. Web3 Gamer. Source link