BitMEX Delays BMEX Token Listing Until Market Improves – July 12

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$19,937

Bitcoin price touched as low as $19,544 in the early hours of the morning, as price fell through the major $20,000 level once again.

Top-20 altcoins appear to be absolutely unfazed, as none of the most popular cryptos have moved more than 1% during the last 24 hours.

Top Stories for July 12, 2022 🔥

👉 BitMEX Delays BMEX Token Listing Until Market Improves

Crypto exchange BitMEX has delayed the listing of its own BMEX token, citing turbulent market conditions. BitMEX says it would prefer to launch the token in an environment where it better rewards its holders.

BMEX is a token based on the Ethereum network, designed to reward users and allow them to claim discounts on trading fees. 1.5 million BMEX tokens were first airdropped to users earlier this year with 5-year vesting, according to users’ activity on the exchange.

Users will continue to receive BMEX token airdrops, as well as be able to stake them within the platform – only the listing of BMEX markets has been delayed.

👉 Multicoin Capital Announces $430M Crypto Venture Fund 

Multicoin Capital has announced its third crypto venture fund, with commitments of up to $430 million. “Venture Fund III” will use the fund to invest in projects “poised to reshape massive consumer-facing markets.”

Multicoin has expressed interest in projects involving “proof of physical work,” which incentivizes building real-world infrastructure. Examples of such projects include Helium and Hivemapper.

👉 Uniswap Phishing Attack Results In Loss Of Millions In Ether

A phishing scam targeting Uniswap v3 liquidity providers has resulted in users losing millions of dollars in Ether (ETH). Almost 73,400 users were sent malicious ERC-20 tokens in an effort to steal their assets.

Tokens were made to look like rewards from Uniswap, however upon attempting to swap the tokens, the phishing site would send user address and browser client info to the attackers and attempt to drain their funds.