The fall of TVL, the integration of Ledger and Revolut and other events in the crypto industry

We have collected the most important news from participants in the crypto industry over two weeks.

Revolut and Ledger partner to simplify crypto transactions in Europe

Revolut and Ledger Appearance about integrating the Revolut Ramp shopping service into the Ledger Live application.

We are excited to announce that @RevolutApp now available as a purchasing provider through Ledger Live!

With your Revolut account or card, you can now buy your crypto and be instantly secure with your Ledger wallet.

Read more at: https://t.co/0YFvrnm6yU pic.twitter.com/BUsqbPPsTA

— Ledger (@Ledger) August 14, 2024

The collaboration will provide fintech company account or payment card holders EEZ option to buy digital assets and transfer them to hardware wallets.

The goal of the partnership is to simplify the process of purchasing digital assets for Ledger users.

Customers who have passed Revolut verification will be able to quickly buy digital currency without additional checks. A simplified process will be offered to new users KYC.

In July, the fintech company received provisional bank license from UK regulators. This allows it to move to the so-called transition phase to test systems and gradually introduce new services.

I have Revolut presented Revolut X is a non-app cryptocurrency platform focused on advanced traders.

Crypto.com has become the official global sponsor of the UEFA Champions League competition

Crypto.com cryptocurrency exchange decided a multi-year sponsorship deal with the UEFA Champions League.

Financial terms and the length of the deal were not disclosed.

In 2021–2022, the platform was already working in a similar capacity, allocating $495 million for support.

In April 2024, it became known that the ambassador was at Crypto.com grew the famous rapper Eminem.

Bitcoin Trading in 2021 designated sponsor agreements with Formula 1 and respectively with one of his stables – Aston Martin Cognizant. The platform has also collaborated with the UFC, Italian football Serie A, Paris Saint-Germain, Philadelphia 76ers and Montreal Canadiens.

The OTC division of Hashkey and the holder of BitGo received licenses from the Central Bank of Singapore

OTC– subdivision of conglomerates Hashkey from Hong Kong and detention platform BitGo received a large payment center license from the Central Bank of Singapore.

Recognition under the Payment Services Act 2019 MPI enable companies to provide digital payment token services.

In February 2024, HashKey was granted a temporary license. Before that, the group operated under exemption and provided trade and settlement services.

HashKey Group’s core businesses include HashKey Capital, HashKey Cloud, HashKey Tokenization and HashKey NFT.

The group also operates HashKey Exchange, a licensed crypto exchange in Hong Kong, and HashKey Global – run in April with the global trading platform.

In June the parent company name performing airdrop native ERC-20 HSK token with the subsequent listing in the third quarter.

BitGo received a temporary approval for MPI license in January 2024. The organization’s activities were limited to providing custody services with the American “subsidiary” of South Dakota Trust and storing assets in unregulated hot wallets.

In August 2024 BitGo expansion storage jurisdiction used in Wrapped Bitcoin (WBTC) Bitcoin to Singapore and Hong Kong. This became possible after entering into a strategic partnership with Tron-related company BiT Global.

Franklin Templeton expands support for index funds on Arbitrum

Bitcoin and Ethereum spot asset manager and issuerETF Franklin Templeton launched to US Government OnChain Fund (FOBXX) online Decision.

Investors can access FOBXX through Benji Investments’ integrated blockchain platform and BENJI token. The structure is also available in Stellar and Polygon. The company plans to add support to other networks in the future.

The initiative aims to accelerate the integration of TradFi in DeFi.

In 2021, FOBXX became the first US-listed fund to use a public blockchain to process transactions and record share ownership. according to rwa.xyz, AUM The structure is $ 425.33 million It is second after BlackRock USD Institutional Digital Liquidity (BUIDL). ($517.7 million).

Key indicators of the DeFi sector

The total value locked (TVL) in DeFi protocols has dropped to $85.1 billion.

Data: Call DeFi.

TVL in Ethereum applications reduce Value turnover of up to $56.3 billion in decentralized exchanges (DEX) over the past 30 days. jump up up to $138.6 billion.

Uniswap continues to dominate the non-recourse market, accounting for 47% of total turnover. The second DEX in terms of trading volume is PancakeSwap (15.2%), Aerodrome (9%) is in third place, Dodo is in fourth place (6.2%). The curve (4.9%) is in fifth place.

Also on ForkLog:

• Court approved settlement agreement between FTX and CFTC for $12.7 billion.
• Binance came back to India after paying a fine of $2.2 million.
• Court decrease Ripple fines from $2 billion to $125 million.
• Celsius sue on Tether with a demand of $2.4 billion.
• WazirX canceling it all completed after a loss of $230 million in transactions.
• Robinhood’s revenue from cryptocurrency trading in the second quarter increased by 161%.
• Renzo will launch liquid reabsorption on Solana.
• dYdX Chain Team details published big update to come.
• Athena Labs added Solana until USde and given repurchase assets for $100 million per day under stressful conditions.

What to read this weekend?

August 8, the author of the Telegram channel “Tears of Satoshi” Rafael Manvelyan said about blocking his account on the OKX bitcoin exchange and connected this with a sharp change in the platform’s policy towards users from the CIS.

ForkLog explained the platform situation, as well interviews with experts on the subject of the company’s policy towards clients from the Russian Federation.

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