Total Locked Value in crvUSD Protocol Surpasses $100 Million | Cryptocurrency Trends

● Binance.US issues a post e xplaining the BCH withdrawal issue explaining that the exchange maintains a 1:1 reserve and that the suspension of BCH withdrawals was due to a technical issue with its deposit rollover system.

● Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

KuCoin

MetaMecha (MM) — July 13, 10:00 AM

● Affected by the news that U.S. annual non-seasonally adjusted CPI in June 2023 m arked the smallest increase since March 2021, the U.S. Dollar Index continues to weaken, falling below 101, representing an intraday drop of 0.7% and the lowest level since mid-April.

● U.S. annual non-seasonally adjusted CPI reaches 3% and is forecasted to reach 3.1%. The previously reported CPI was 4%.

● With the successful launch of v0.12.0 on its mainnet, Starknet announces it will test the deployment of v0.12.1 in a couple of weeks to further improve network efficiency.

● The FTX claims portal becomes unavailable shortly after launch.

● The total volume locked (TVL) of the crvUSD smart contract exceeds US$100 million.

● The Fantom Foundation "acknowledges the difficult position of many LPs, token holders, and users of the Fantom network due to the ongoing uncertainty around the Multichain bridge". The Foundation is taking active measures to promote diversified cross-chain bridges and liquidity solutions.

● In February, Music NFT platform Sound.xyz raised US$20 million in Series A funding led by a16z with participation from singer Snoop Dogg, artist and producer Ryan Tedder, and Sound Ventures led by actor Ashton Kutcher.

● Crypto investment decision-making platform LunarCrush raises US$5 million in Series A funding co-led by Draper Round Table and INCE Capital.

● Decentralized trading platform Ambient Finance announces that it has raised US$6.5 million in seed round funding led by BlockTower Capital.

● Singapore-based BNB Chain decentralized derivatives trading platform KTX.Finance raises US$4 million in seed round funding.

● U.S. senators Cynthia Lummis and Kirsten Gillibrand reintroduce the Responsible Financial Innovation Act, which aims to bring cryptocurrency trading platforms under the regulation of the CFTC.