According to Odaily Planet Daily, the decentralized exchange Hyperliquid's trading volume reached $319 billion in July, reaching a monthly record high. However, Hyperliquid experienced an outage on July 29, which caused traders to suspend trading for about 37 minutes. Affected users were subsequently compensated a total of $2 million. (Cointelegraph)

Odaily Planet Daily reports that Sergei Potapenko and Ivan Turõgin, co-founders of the defunct crypto mining services company HashFlare, pleaded guilty to wire fraud and requested no additional prison sentences from a US court, despite prosecutors recommending 10 years in prison for each. In a sentencing memorandum filed in federal court in Seattle, prosecutors stated that the two orchestrated a $577 million Ponzi scheme, resulting in approximately $300 million in losses for victims, making it the largest fraud case ever tried by the court. The defendants requested a reduced sentence, citing time already served while detained in Estonia and their cooperation with the case. (Cointelegraph)

Thomas Lee, chairman of the board of directors of BitMine (BMNR), said that if the high level of the Ethereum to Bitcoin (ETH/BTC) exchange rate in 2021 is taken into account, the price of ETH may rise to $16,000. (Cointelegraph)

Odaily Planet Daily News: Hong Kong asset management company Trivest Advisors disclosed that it holds more than $90 million in shares of BlackRock Bitcoin Spot ETF (IBIT). (Cointelegraph)

According to Odaily Planet Daily, London-listed Satsuma Technology announced the completion of approximately $218 million in funding, with participation from ParaFi Capital, Pantera Capital, Arrington Capital, Blockchain.com, Kraken, DCG, and Kenetic Capital. Nearly $125 million of this funding was reportedly settled in Bitcoin, strengthening its Bitcoin funding strategy. (Cointelegraph)