Elon Musk's Is Implementing Auto-Locking and Verification to Combat Crypto Scams

Offchain Labs CEO Steven Goldfeder believes that Arbitrum's tech stack is gaining traction in the gaming industry, with companies like Xai Games and Proof of Play using it to create custom blockchains for gaming. Goldfeder highlights the flexibility of Arbitrum's architecture in attracting game developers.

An old Bitcoin address holding over $8 billion in digital coins stolen from Mt. Gox is being targeted by hackers. The address received 79,956 BTC in 2011 from the hacked Japanese exchange, and now scammers appear to be attempting to obtain personal information from the wallet owner.

Bitcoin is currently trading around $109,090, very close to the $109,000 threshold, with traders uncertain if it will surpass this critical level by July 12. Technical analysis shows a battle between bullish market structure and bearish momentum indicators, making short-term predictions challenging.

The team behind OpenSeason halted production on the Ethereum-powered game to launch Booby Bot, a crypto-infused puzzle game involving guessing the location of hidden nipples on a grid. Booby Bot requires wagers for guesses, with rewards increasing as players progress through the game.

BTCS, a Nasdaq-listed company, saw a 100% surge due to a $100 million funding plan to acquire more Ethereum for its balance sheet. CEO Charles Allen believes in Ethereum's growth potential and aims to tap traditional and DeFi capital markets for the raise.

SharpLink Gaming's stock surged by nearly 26% after announcing the purchase of 7,689 ETH, totaling 205,634 coins worth over $527 million. The company also raised $64.2 million through its ATM facility during the same period.

Eigen Labs has laid off 25% of its employees to refocus on EigenCloud, a developer platform for verification, according to a report from Blockworks. The decision, reportedly not driven by financials, aims to streamline resources and leadership for long-term sustainability. Impacted employees received accelerated token vesting and three months' pay. The company recently raised $70 million from Andreessen Horowitz.

Trump Media and Technology Group has filed for a new ETF, the Truth Social Crypto Blue Chip ETF, which will include Bitcoin, Ethereum, Solana, Cronos, and XRP. The fund's shares, if approved, will be listed on NYSE Arca with Crypto.com as the digital assets custodian.

Volkswagen ADMT has partnered with Hivemapper's Bee Maps to enhance its self-driving operations with real-time mapping data collected by contributors. The collaboration aims to improve the accuracy of autonomous pick-ups and drop-offs by utilizing street-level imagery. This move reflects the increasing use of crowdsourced geospatial data in the autonomous ride-sharing industry.

Bitcoin's price volatility has hit historic lows, hovering near its all-time high. QCP Capital analysts caution about potential market fireworks in Q3 and Q4 due to current calmness. BlackRock's iShares Bitcoin Trust has seen significant inflows, holding 3.52% of Bitcoin's circulating supply.