Wondering what’s been happening in crypto today? Here’s a roundup of the latest developments affecting Bitcoin, blockchain, DeFi, NFTs, Web3, and crypto regulation.
Bybit Launches Hamster Kombat Token for Pre-Market Trading
Bybit has expanded its support for emerging projects on the Telegram Open Network (TON) by introducing pre-market trading for Hamster Kombat’s token. This move allows traders to secure HMSTR tokens before official spot trading begins.
Bybit officially announced the listing of the Hamster Kombat (HMSTR) token on its Bybit Pre–Market Trading platform on July 8. Traders can now set quotes and execute trades at fixed prices, starting from 10:00 am UTC.
Bybit emphasized that offering HMSTR tokens on its pre–market platform is a significant advancement, enabling users to secure tokens early and lock in favorable prices before wider market availability.
Coinbase Impersonators Scam $1.7M from Users
Reports emerged of scammers posing as Coinbase representatives and defrauding users. In a recent incident, one victim lost $1.7 million after being tricked into revealing part of their seed phrase to a fraudulent caller pretending to assist with a security issue.
According to Tegan Kline, co-founder of Edge & Node, the scam involved convincing emails and a fake website where victims were prompted to enter sensitive information, enabling the scammers to compromise their wallets.
Crypto security incidents, including phishing and seed phrase compromises, have led to losses exceeding $1.19 billion in the first half of 2024.
U.K. Crypto Industry Calls for Clear Policy Post-Labour Victory
With the Labour Party securing a majority in the U.K. Parliament, crypto advocates are urging the new government to establish consistent policies for digital assets. Leaders in the industry view this as a critical moment for advancing regulatory clarity and positioning the U.K. as a global hub for blockchain innovation.
Keld van Schreven, co-founder of KR1, highlighted the progress in regulatory frameworks but stressed the need for further development to support the blockchain sector’s growth.
Bivu Das, managing director of Kraken’s U.K. operations, expects continuity in crypto policy under the new administration, emphasizing opportunities to drive innovation and strengthen the U.K.’s role in blockchain technology.
As of July 5, the Labour Party secured 412 seats in the 650-seat House of Commons, positioning them ahead of the Conservatives with 122 seats.
Summary Review: Today’s developments underscore ongoing trends and challenges in the crypto sphere, from innovative trading opportunities to persistent security threats and evolving regulatory landscapes. As global interest in digital assets grows, stakeholders continue to navigate these dynamic landscapes, seeking clarity and stability in policy and security practices.
Disclaimer: Remember that nothing in this article and everything under the responsibility of Web30 News should be interpreted as financial advice. The information provided is for entertainment and educational purposes only. Investing in cryptocurrency involves inherent risks and potential investors should be aware that capital is at risk and returns are never guaranteed. It is imperative that you conduct thorough research and consult with a qualified financial advisor before making any investment decision.
