Sharding Weekly: Heurist AI Releases July Highlights, Infrared Now Live on Bera Chain Testnet

2024.08.10

Sharding Weekly: Heurist AI Releases July Highlights, Infrared Now Live on Bera Chain Testnet

This article highlights the news, narratives, and primary market financing from July 29 to August 4, 2024!

2024.08.10 - 06:22:50

Navigating Web3 tides with focused insights

This article highlights the news, narratives, and primary market financing from July 29 to August 4, 2024!

Author: Shard Labs

Shard Labs is an organization focused on promoting and accelerating Web3 projects, dedicated to identifying high-quality projects through research and development, and continuously promoting them by building compelling narratives. Sharding Capital is the investment arm of Shard Labs.

Welcome to Issue 42 of Sharding Weekly, highlighting news, narratives, and primary market fundraising!

Highlights

🔸@GOATRollup GOAT Club has launched its points program, aiming to provide lasting value and fair/sustainable rewards for Bitcoin holders of all sizes!

Puff NFT Mint is coming soon to Puff's Penthouse!!

Wasabi Protocol has opened claims for Blast Gold Phase 2 Vol. 1.

Infrared is now live on Bera chain testnet, allowing users and protocols to deposit liquidity, earn $iBGT, stake $iBGT, and more.

Heurist AI released July highlights: Mining Season 2 launch, participation in EthCC, establishment of official Russian Telegram channel, new team members, August plans...

Entangle released a map showing how to earn Omnipoints.

News

The U.S. government transferred $2 billion worth of Silk Road-related tokens on-chain.

Hong Kong Legislative Council member Johnny Ng will discuss with "different stakeholders" whether to add BTC to financial reserves.

The U.S. Securities and Exchange Commission (SEC) intends to amend its complaint against Binance regarding third-party tokens such as SOL.

Russia’s parliament passed a bill allowing cryptocurrency use in cross-border payments.

Starting August 2, all Bybit users can earn up to 20% annual interest, paid daily, simply by holding USDe or trading derivatives collateralized with USDe in their Bybit accounts.

Humpy and Compound have reached a settlement: Humpy will withdraw his proposal and burn over 500k COMP tokens, while COMP will share earned fees with COMP holders.

The Federal Reserve maintains interest rates unchanged at 5.25-5.5%.

Federal Reserve Chair Powell indicates rate cuts could come as early as September.

Residents of the UAE can now directly trade cryptocurrencies using their bank accounts.

The Bank of England cut interest rates for the first time since March 2020.

OKX Ventures and Aptos announced a new $10 million fund and accelerator to advance innovation in Web3.

DWF Labs announces it is developing a CeDeFi synthetic stablecoin.

U.S. economy added 114,000 jobs in July, the lowest since January 2021 // U.S. unemployment rate rose to 4.3%, the highest level since October 2021.

Morgan Stanley, a $1.3 trillion asset management firm, will allow advisors to offer spot Bitcoin ETFs to clients.

Genesis begins distributing assets to creditors: BBG.

MicroStrategy acquired an additional 169 BTC for $11.4 million, bringing its total holdings to 226,500 BTC.

Michael Saylor's MicroStrategy plans to raise $2 billion to buy more Bitcoin.

Donald Trump said: "Maybe we'll pay off our $35 trillion debt by giving them a little check in cryptocurrency, a little bit of Bitcoin."

Senator Cynthia Lummis receives 2200 co-sponsor requests for her Bitcoin bill.

The 2024 BITCOIN Act, also known as Senator @CynthiaMLummis’s Strategic Bitcoin Reserve Act, has been formally introduced and submitted to the Senate Banking Committee.