CoinChapter.com has curated the top cryptocurrency news of the day. Here are the highlights:
1. Solana’s Firedancer Bug Bounty Program Launches:
Jump Crypto is introducing a bug bounty program worth $1 million for Solana’s new validator client, Firedancer. Developers have the opportunity to earn rewards by finding bugs in the system, which aims to enhance Solana’s network performance. The program will be managed by bug bounty platform Immunefi.
2. Bybit Lists Hamster Kombat Token:
Cryptocurrency exchange Bybit has added the Hamster Kombat (HMSTR) token to its pre-market trading platform. Users can trade the token for the popular game on The Open Network (TON) before its official listing. This provides an opportunity for users to acquire HMSTR tokens ahead of spot trading availability.
3. Positive Inflows for Digital Asset Funds:
Digital asset investment products witnessed $441 million in net inflows last week, breaking a three-week streak of outflows. Bitcoin accounted for $398 million of these inflows, while Solana-linked products saw $16 million. This marks the first positive flow since June 7. Investors saw recent price weaknesses as a buying opportunity.
4. Pancake Bunny Hacker Moves Stolen Funds:
Three years after the Pancake Bunny DeFi protocol hack, the attacker has moved 1,002 Ether (worth approximately $2.9 million) through Tornado Cash, a privacy protocol. The initial hack resulted in the theft of 697,000 BUNNY tokens and 114,000 BNB, leading to a significant drop in the BUNNY token’s value. The hacker still holds about $11.4 million in Dai.
5. LiquiTrade Guilty of Securities Act Violation:
LiquiTrade, the operator of the Latoken crypto exchange, has been found guilty of violating Canada’s Securities Act by a panel from the British Columbia Securities Commission (BCSC). The exchange processed $300 million in daily transactions for 1.5 million users without proper registration and authorization. The BCSC will finalize sanctions, which could include monetary penalties or a service ban, by August 14.
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