Bitget has become the first crypto sponsor of the UNTOLD music festival in Europe.

July 9th. The decentralized stock token trading platform MyStonks announced that the platform has acquired the MSB (Money Services Business) license issued by the U.S. Department of the Treasury's Financial Crimes Enforcement Network (FinCEN), officially obtaining the compliance qualifications for operation in the United States and its overseas territories. MyStonks has become one of the recently approved international digital securities platforms in the United States, marking a significant step for the platform in the global compliance layout. The U.S. MSB license is uniformly regulated by FinCEN and is a highly authoritative federal-level financial compliance qualification. Applying for an MSB license requires strict compliance with federal regulations such as the Bank Secrecy Act (BSA), the establishment of a sound Anti-Money Laundering (AML) compliance system, and has a very high threshold. This license is not only a legal prerequisite for U.S. and international financial service

On July 9th, based on PeckShield's monitoring, the tagged address of the GMX attacker has transferred 2000 ETH (approximately $5.3 million) to a new address 0x99Cd...2DAe on Arbitrum. Additionally, the attacker also exchanged approximately 9 million USDC for around 9 million DAI on Ethereum.

On July 9th, as per the monitoring by LookOnChain, since June 10th, pump.fun has not transferred any SOL to Kraken for approximately one month.

On July 9th, GMX issued an emergency notice indicating that all GMX V1 forked projects have come under attack. In order to mitigate the risk, the following actions can be taken: · Disable the leverage feature: One can call Vault.setIsLeverageEnabled(false) to turn it off; if using Vault Timelock, then call Timelock.setShouldToggleIsLeverageEnabled(false). · Set the maxUsdgAmounts of all tokens to "1": Utilize Vault.setTokenConfig or Timelock.setTokenConfig to prevent the further minting of GLP. It should be noted that this value must be set to "1" and not "0". Setting it to 0 indicates no limit, which would instead lead to the continuous exploitability of the vulnerability.

On July 9th, GMX announced that the GLP pool of GMX V1 on Arbitrum had been attacked, with approximately $40 million worth of tokens being transferred to an unknown wallet. The immediate priority is to trace the root cause of this event and make progress in asset recovery. The GMX team has temporarily suspended the transaction functionality of GMX V1 on both Arbitrum and Avalanche, as well as the minting and redemption of GLP, in order to prevent further attacks and protect users from additional losses. It should be noted that this attack does not affect GMX V2, its markets, or liquidity pools, nor does it have an impact on the GMX token itself. Based on the information currently available, the exploit is limited to GMX V1 and its GLP pool.

On July 9th, Linda Yaccarino, the Chief Executive Officer of "X" at Twitter, which is a social media platform owned by Musk, announced her resignation. (Golden Ten)