Mezo Raises $7.5 Million in Strategic Funding Round | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Indian cryptocurrency exchange Wazirx to implement a socialized loss strategy to distribute the impact of the recent cyberattack among all its users equitably, with 55% of users' crypto assets immediately accessible, and the remaining 45% converted to USDT-equivalent tokens and locked.
• Bitget to launch Layer 3 (L3) Launchpool and trade-to-earn promotion with a total prize pool of 6,163,000 L3.

2. Cryptocurrency Trends:

• In his speech at Bitcoin 2024, Trump says that if elected, he will retain Bitcoin held by the government as a strategic reserve.
• On July 28, the 24-hour DEX trading volume of coins on Solana exceeds that of Ethereum and Arbitrum, reaching approximately $2.148 billion.
• The owner of Kabosu, the Shiba Inu that inspired the Doge meme, clarifies that only the $dog token by Own The Doge has their endorsement. Numerous Neiro-themed memecoins emerge on-chain, with NEIRO, the coin with the highest trading volume, reaching $500 million within 15 hours of the TGE.
• Following Trump's attendance at the Bitcoin conference, Trump-themed coins experience declines, with TRUMP, MAGA, FIVE, STRUMP, and others all experiencing declines of 25%–35%.
• Polymarket adds new "Olympic Games" category, and people are now talking about the countries predicted to win the most Olympic gold medals in Paris.
• Meow, a Jupiter co-founder, says on X that voting on the reduced JUP supply proposal will begin next week.
• Messari: The number of daily active addresses on Polygon increases by 47.6% YoY in Q2, while the average daily transaction count increases by 3.9% YoY.

3. Financing Trends:

• BTC-based trading platform Roxom raises $4.3 million in pre-seed funding led by Tim Draper's Draper Associate.
• BTC scaling network Mezo raises $7.5 million in strategic round funding led by Ledger Cathay Fund.

4. Regulatory Trends:

• The Russian State Duma introduces a bill to regulate crypto mining, aimed at curbing illegal activities and promoting investment and employment.
• The Swiss Financial Markets Supervisory Authority (FINMA) recently publishes guidance on stablecoins, stressing that stablecoins threaten financial reputations.