USDT Market Cap Reaches New High of $114 Billion | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance US receives court approval to invest customer fiat funds in U.S. Treasury Bills.
• WazirX announces that trading has been temporarily suspended, citing a cyber attack that impacted the exchange's ability to maintain a 1:1 collateral ratio. Previously, Wazir announced plans to increase the white hat recovery bounty to 10% of the recovered funds.

2. Cryptocurrency Trends:

• The Chicago Board Options Exchange (CBOE) announces that five spot Ethereum ETFs, including Fidelity, will begin trading on CBEO on July 23.
• The market capitalization of USDT surpasses $114 billion, setting a record high.
• According to CoinGecko, DEX trading volume rose to $370.7 billion in Q2, representing a quarter-on-quarter increase of 15.7%.
• Tether's official transparency page shows that the authorized issuance of USDT on the TON chain has surpassed Near and Celo, rising to fifth place in terms of USDT issuance, behind Tron, Ethereum, Avalanche, and Solana.
• Telegram launches a mini app store and an in-app browser that supports Web3 pages. Organizations can also use mini apps to issue labels for channels, creating a decentralized marketplace for third-party verification.
• UniSat completes an update to support transfer fees accurate to one decimal place.
• Ripple CEO expects the company to resolve the years-long lawsuit with the SEC "very soon".
• ApeCoin DAO puts forward a proposal to open an APE-themed hotel in downtown Bangkok, Thailand.

3. Financing Trends:

• Nirvana Labs, a blockchain cloud computing company, raises $4 million in seed round funding co-led by Castle Island Ventures and RW3 Ventures, with participation from the BitGo Ecosystem Fund, Hash3, and others.

4. Regulatory Trends: