Daily: Solend liquidation canceled – INCRYPTED

The second week of Arbitrum Odyssey has started

Good morning, Incrypted is with you!

today in the digest

  • Universities in Lebanon and El Salvador are teaching a generation of blockchain geniuses
  • Economic calendar: what events to follow this week
  • Crypto.com integrated with Apple Pay
  • In just a week, investors withdrew a record $423 million from crypto funds
  • The SEC has decided on the classification of bitcoin. The asset was called a commodity, not a security
  • Toncoin moves to Proof-of-Stake. Miners mined the last token “the old fashioned way”
  • Crypto-miner Compass Mining failed to “pay for the light”. One of the farms was taken away from the company
  • HTC introduced a new smartphone focused on Metaverse
  • Top manager of American Express believes that payments in cryptocurrency are now unprofitable
  • Symbiosis integrates into SafePal wallet DApp browser
  • EOS has been the most popular blockchain in the world. The community wants to restore it to its former glory
  • Blockchain levels. What is Layer 1 and Layer 2? Understanding with examples

Recall that a 2-month program has started from Arbitrum — Arbitrum Odyssey, within which users will be able to get to know the ecosystem better and get unique NFTs.

Also, those users who manage to collect at least 12 out of 15 NFTs will receive another “NFT-certificate” about passing the journey through the ecosystem. You can receive 2 NFTs per week.

The announced program for all 8 weeks of the Odyssey we described in this article:

The first week of the event has already ended. Those who transferred ETH across bridges can brand their NTF on the Arbitrum network using this link.

And for those who did not lose and used the HOP Protocol bridge, 2 more NFTs are available. You can label it here:

Second week: how to participate

The second week has begun, which will last until July 4, 20:00 (Kyiv).

To receive a reward at this stage, participants must complete a few more tasks. Interact with the decentralized derivatives exchange GMX, as well as pour liquidity into the pool, borrow funds, and lend tokens on the Yield Protocol.

We have prepared instructions on how to do this.

Arbitrum Odyssey: GMX and Yield Protocol.

Universities in Lebanon and El Salvador are teaching a generation of blockchain geniuses

Poor countries hope crypto literacy will help find a path to success

The American University in Beirut (Lebanon) is considered the leading business school in the Middle East. Now, in conditions of hyperinflation, they are looking for ways to deal with the crisis. And for this, young talents are trained on the Blockchain for Business course.

Recently, the university showed the first results of the first semester of blockchain education. These are startups from “sandboxes” based on the university.

Read more


Economic calendar: what events can affect the price of bitcoin?

Let’s see what events can affect this week’s rates:

  • Tuesday. US Consumer Confidence Index
  • Wednesday – US GDP and Eurostat data
  • Thursday. US unemployment data
  • Friday. PPI from Eurostat

Read more


Crypto.com integrated with Apple Pay

The exchange also updated the conditions in the Crypto Earn service.

It is known that Apple does not directly support crypto payments. But Crypto.com has a solution that “connects” the site and the exchange application to the Apple Pay service. So far, it has only been launched in the US, but in the coming months, all exchange clients will be able to use the service.

And Сrypto.com updated the platform for earning Crypto Earn.

Read more


In just a week, investors withdrew a record $423 million from crypto funds

This is the biggest capital outflow of all time.

Analytical portal CoinShares published a material on a record withdrawal of funds from the cryptocurrency sector. In just a week, from June 20 to 26, investors sold $423 million worth of BTC. This is the largest finding in the history of observations.

According to the portal, last week the amount of funds controlled in the sector fell to $24.5 billion.


The SEC has decided on the classification of bitcoin. The asset was called a commodity, not a security

But this applies only to BTC, we are not talking about other tokens.

On Monday, SEC Chairman Gary Gensler gave an interview to CNBC. Among other things, he also touched on the topic of digital asset classification. Gensler stressed that he considers bitcoin a commodity, not a security, but declined to comment on the position of other tokens.
The head of the regulator noted that he still considers cryptocurrency a speculative asset. By investing in it, the trader expects to make a profit in the short term.

Read more


Toncoin moves to Proof-of-Stake. Miners mined the last token “the old fashioned way”

This will reduce the overall flow of new “coins” into the network by 75%.

At the end of February this year, the TON administration announced the transition to Proof-of-Stake. This morning, June 28, the miners mined the last token using the old system. Now blockchain is waiting for reform processes.

TON is already working on integrating the new mechanism.

Read more


Crypto-miner Compass Mining failed to “pay for the light”. One of the farms was taken away from the company

Compass Mining owes more than 600 thousand dollars

Dynamics Mining has announced that the agreement with Compass Mining to lease the facility in Maine has been terminated. The firm was unable to pay back $600,000 in electricity bills.

According to the attached documentation, Compass Mining lost its “farm” back on June 14th.

Read more


HTC introduced a new smartphone focused on Metaverse

It has easy integration with the Vive Flow VR headset

HTC has not shone with flagship smartphones for a long time. But they don’t seem to be giving up and they plan to take over the market with the metaverse trend.

Today, the announcement of the new model HTC Desire 22 Pro was released. The manufacturer has added several options to work with the metaverses.

Read more


Top manager of American Express believes that payments in cryptocurrency are now unprofitable

Gonzalo Pérez del Arco, director of government relations in Southern Europe of the American Express payment system, said in an interview during the European Blockchain Convention 2022 that payment in digital currencies is now unprofitable.
At the same time, Arko noted that their company sees a future in the development of the digital asset market and is purposefully moving towards creating crypto products for clients.

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Symbiosis integrates into SafePal wallet DApp browser

This will give greater protection and convenient transfer of cryptocurrencies.

Symbiosis and SafePal payment service are now partners. This means that the liquidity protocol will appear in the SafePal application browser, and users will be able to swap faster and store cryptocurrency more easily.

SafePal offers secure hardware and browser wallet solutions.

Read more


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