Hello, ApolloXplorer!Have you seen today’s key headlines yet?<h2 id="header-0">#1. Bitstamp users protest against inactivity fees</h2>Crypto exchange Bitstamp tried to levy a 10-euro monthly fee on inactive users with smaller balances.After widespread backlash, Bitstamp CEO JB Graftieaux announced the cancellation of the fee.In the last two months, Bitstamp has seen a 47% decrease in daily trading volume, according to data from CoinGecko.Source: <a href="https://decrypt.co/104543/bitstamp-scraps-plan-for-inactivity-fees-after-users-revolt" rel="noopener noreferrer nofollow">Decrypt</a><h2 id="header-1">#2. Korean startup Uprise lost $20M shorting LUNA</h2>Crypto investment startup platform Uprise reportedly lost around 99% of its assets shorting LUNA.Uprise’s AI trading system shorted LUNA but got liquidated due to the token’s volatility, leading to $20 million in customer losses and $3 million of its own losses.Uprise officials are reportedly working on a compensation plan for its customers.Source: <a href="https://cointelegraph.com/news/korean-startup-uprise-lost-20m-shorting-luna" rel="noopener noreferrer nofollow">Cointelegraph</a><h2 id="header-2">#3. Ethereum completes Sepolia Testnet merge</h2>Ethereum has completed the Seoplia Testnet merge, following a successful deployment on Ropsten last month.The final testnet merge, Goerli, is expected in the coming weeks.It is set for one final testnet launch ahead of its mainnet deployment.Source: <a href="https://cryptobriefing.com/ethereum-inches-closer-the-merge-with-sepolia-testnet-launch/" rel="noopener noreferrer nofollow">Crypto Briefing</a><h2 id="header-3">#4. Nexo plans to buy Vauld</h2>Crypto lender Nexo plans to buy fellow lender Vauld.London-based Nexo said it would buy up to 100% of Vauld and &#34;reorganize its future operations with the aim to accelerate its deeper presence in Asia.&#34;It has not revealed further details about the acquisition amount and when the deal would close.Source: <a href="https://www.reuters.com/technology/crypto-lender-nexo-plans-buy-fellow-lender-vauld-2022-07-05/" rel="noopener noreferrer nofollow">Reuters</a><h2 id="header-4">#5. Binance cuts Bitcoin trading fees</h2>Binance will remove fees on its Bitcoin-to-fiat trading pairs on July 8, to celebrate its 5th anniversary.The trading pairs include Bitcoin and the Australian dollar, Indonesian rupiah, Brazilian real, U.S. dollar, Euro, Great British Pound, Russian ruble, Turkish lira, and the Ukrainian hryvnia.Several Bitcoin-to-stablecoin pairs will also be excluded from fees, including TUSD, USDC, USDP, and USDT.Source: <a href="https://cryptobriefing.com/binance-becomes-first-exchange-to-cut-bitcoin-trading-fees/" rel="noopener noreferrer nofollow">Crypto Briefing</a>--The ApolloX app is available on Apple Store or Google Play <a href="https://apollox.onelink.me/rf4R/newscryptowndl" rel="noopener noreferrer nofollow">here</a>.Stay up to date with ApolloX!<a href="https://t.me/apollox_com" rel="noopener noreferrer nofollow">Telegram</a> |<a href="https://twitter.com/ApolloX_com" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://www.facebook.com/ApolloXcom" rel="noopener noreferrer nofollow"> Facebook</a> |<a href="https://www.instagram.com/apollox_com/" rel="noopener noreferrer nofollow"> Instagram</a> | <a href="https://apollox.link/blog-discord" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://apollox.link/blog-APXNewsStation" rel="noopener noreferrer nofollow">ApolloX News Station</a>

Crypto News of the Day: Crypto traders say no to inactivity fees, Uprise lost $20M shorting LUNA (now LUNC)

Table of Contents

APX

Other articles published on Jul 7, 2022

BNB Chain Spotlight: Thetan Arena

GGCM develops a crypto platform for the cause mining industry’s growth

$GGCM: gold based on blockchain technology

[RECAP] AMA: Kommunitas x Metafity

[AirCash Data Analytics] #AirCash data analytics is already available on #Dune.

Ratification of the EPCIS 2.0 Standard - Key Enabler of a Circular Economy

Join our free newsletter for daily crypto updates!