ShapeShift Shutting Down, Will Decentralize Via FOX Token – July 15

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $32,527

Bitcoin price has remained in a tight range for yet another day of trading, kicking off yet another day within the $32,000s.

Top-20 altcoins are beginning to show some strength, as Ethereum gains almost 2%, Cardan rises 1% and Binance Coin jumps 7% for the day.

Top Stories for July 15, 2021 πŸ”₯

πŸ‘‰ ShapeShift Shutting Down, Will Decentralize Via FOX Token

Crypto trading platform ShapeShift has announced that it will be shutting down, opting instead to become a decentralized platform.

The platform will instead be governed by a decentralized autonomous organization (DAO), which is controlled via ownership of its FOX token.

Almost $100 million worth of FOX is to be airdropped to decentralized finance (DeFi) users across the ecosystem in the near future.

πŸ‘‰ Four Arrested In Hong Kong For Money Laundering Via USDT

Four money laundering suspects have been arrested at Hong Kong customs for the alleged laundering of more than 1.2 billion Hong Kong dollars (USD$150 million).

It is alleged that the majority of the illegal funds were laundered through Tether (USDT), beginning in February 2020.

πŸ‘‰ DeFi Protocol Bondly Finance Suffers Alleged Exploit

Decentralized finance (DeFi) platform Bondly Finance has allegedly suffered an exploit, with the team urging users to stop trading the platform’s native token, Bondly.

The Bondly token price has plunged over 60% in just a matter of hours since the attack, which involved an outsized mint of 373 million Bondly tokens. Details on the attack are still yet to be disclosed by the team.