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🤣 U.S. Senator who criticized Bitcoin as a criminals' tool convicted of bribery 

Bob Menendez, a Democratic Senator from New Jersey, was found guilty of accepting bribes while acting as a foreign agent. The crypto community highlighted the irony of Menendez, who had previously called Bitcoin "an ideal choice for criminals," being convicted of corruption. Senator Bob Menendez, known for his strong criticism of cryptocurrencies, was found guilty of accepting bribes, including gold bars and a luxury car, in exchange for his political influence. 

🗣️ FTX to pay creditors $12.7B as part of agreement with CFTC

The bankrupt cryptocurrency exchange FTX has agreed with the regulator to pay $12.7B to its customers. Of this amount, $4B is commissions for the return of illegally obtained income, and $8.7B for reparations. The CFTC itself will not receive any funds if FTX executes its reorganization plan.

😲 Craig Wright confesses that he is not Satoshi Nakamoto

Programmer and businessman Craig Wright admitted that he is neither Satoshi Nakamoto nor the author of the Bitcoin white paper.  The publication refers users to a written ruling of the UK Supreme Court dated May 20, 2024.

This ruling is the outcome of the lawsuit of the Crypto Open Patent Alliance (COPA) against Wright. During the trial, the prosecution managed to prove that the programmer had falsified documents.

🛑 ETH stocks on centralized exchanges have fallen to their lowest level in a year

This means that investors are not planning to sell Ethereum after the launch of ETH-based exchange-traded funds (ETFs). The approval of Form S-1 will make Ethereum the growth engine of the entire crypto market.

🪂 KiloEx announced airdrop details and the new season

KiloEx is a Dex for trading open-ended futures on opBNB network, supporting trading on opBNB, BNB and Manta networks. 

The project announced details on KILO token allocation and also shared information about the new season. 

• Briefly:
• Airdrop in tokenomics is allocated 10% of the total supply or $100M KILO;
• 4% or $40M KILO has been allocated to the first airdrop;
• The snapshot was made on July 17;
• The next Pioneer season started, which will last until TGE and exactly 180 days after TGE;
• The TGE date is still unknown.

In the new season, users should also trade on the platform and earn points from scratch, as the points for the first season are reset. Distribution of $KILO will be based on the number of points earned.

Also on July 22nd, the team promised to launch Genesis Pass – this is SBT for KiloEx users who have already received the right to mint the token, but in the future, they promise various events in which you can get Genesis Pass.

Genesis Pass holders will get a 20% boost to farming points through trading, and there is also an airdrop of 214 KILO allocated to them.

🔑 Key crypto market highlights (July 17-24)

• DEAPCOIN will have a service enhancement update (17.07).
• Contentos airdrop of 70,000 COS tokens (17-19.07).
• Manta Network (MANTA) – 6.67M coins, or 1.97% of the circulating supply, to be unlocked (18.07).
• Galxe announces token swap (19.07).
• Pixels (PIXEL) to unlock 54.38M tokens, which is 7.05% of the circulating supply (20.07).
• Shido is set to release a blockchain audit report (20.07).
• SPACE ID (ID) tokens unlock of 18.49M coins or 4.29% of the circulating supply is coming (22.07).
• ONI Token will release an update for the developer platform (22.07).
• FLUX announced the release of FluxOS v.5.14.0 (24.07).
• AltLayer (ALT) unlock of 684.21M coins or 42.08% of the circulating supply is set (25.07).

💲 Ideas 

[1] 🔔 Top 5 early-stage blockchains

Here's a selection of Layer 1 blockchains that have been on the market for a while and don't have their own token yet. It's also possible to get airdrops.

Here is the list:

• Monad,
• Aleo,
• Berachain,
• Burnt,

• MegaETH.

[2] 🔔 Is SOL about to drop below $100?

Solana has gone up a lot in the past few months, and many people are buying it. But Xanrox' technical analysis shows that a big crash is coming, and now is the best time to get rid of those tokens.

First, the analyst suggests looking at the price action and chart patterns. The chart shows a bearish head and shoulders pattern forming on the 1-day chart. SOL is now at the major resistance of the right shoulder. Second, the cost is in a downtrend on the 1-day chart. There are lower lows and lower highs, which is a bearish trend — a drawn descending parallel channel to confirm this downtrend, which I've shown in blue. 

The expectation is for the SOL to drop to the bottom of this channel, about 45% down smd drop below $100. 5 hours ago Comment: The price is now almost at the top of the major trendline of the descending triangle. This is very bearish. Most people are heavily invested in SOL and are bullish, but the market usually does the opposite and goes down.

*Any technical analysis in the long run cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions

[3] 🔔 Initia: phase two testnet

The second phase of the Initia testnet will last 4 weeks. Collect stickers by completing simple tasks.  Get Jenny's final form: when you collect all 4 stickers, Jenny will turn in her final form. 

Tasks:

1. Go to the testnet page.
2. Transfer 1 INIT from Minitswap to L1.
3. Transfer 1 INIT from L2 to L1 using Op Bridge.
4. Transfer 1 INIT from L2 to L1 using IBC.

Thank you for joining us in exploring the crypto landscape this week! Stay sharp, stay passionate, and may your crypto ventures flourish. Until next time, happy trading, and all the best! 💫🚀🪙

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