Binance Labs invests $10 million in Radiant Coinbase to end BTC-backed loans for individuals | Summary of important bulletins on the morning of the 21st

Summary of important breaking news on the morning of the 21st

This is a summary of notable news related to virtual currency until the morning of Japan time.

Invested $10 million in Binance Labs Radiant (Attention: ★★★☆☆)

Binance Labs, the VC arm of Binance, has invested $10 million in cross-chain lending service Radiant Capital. It is considered an investment by purchasing RDNT tokens.

We’re excited to announce our investment in @RDNTCapital

Radiant aims to bridge fragmented liquidity across DeFi, enabling users to deposit and borrow assets seamlessly across multiple chains. https://t.co/p0sOi7DC9I

—Binance Labs Fund (@BinanceLabs) July 20, 2023

Radiant Capital is a project built on the cross-chain (Omni-chain) protocol LayerZero and supports Arbitrum and BNB chains. The new funding will be used to develop a connection to Ethereum L1.

Radiant Capital currently supports over 20 collateral issues and has approximately $265 million in TVL.

Do you have a Tesla Bitcoin payment code? (Attention: ★★★☆☆)

Rumors circulated yesterday that Bitcoin was added to the source code of Tesla’s payment page, but it turns out that there’s something left over from before.

There were rumors in the community that Tesla added Bitcoin and Dogecoin to its payment page source code. However, upon verification, it was found that Bitcoin and Dogecoin were already present in the source code as early as January 2023. It appears that Tesla did not remove this… pic.twitter.com/CATEWPmnVn

— Wu Blockchain (@WuBlockchain) July 20, 2023

Some claimed it was built into the code to allow Bitcoin and Dogecoin payments, but it had been there since January 2023 and had not been removed.

In 2021, Tesla offered the option to buy Tesla cars with Bitcoin, but after just two months, it stopped citing environmental concerns about mining.

Coinbase to end bitcoin-backed loans for individuals (Attention: ★★★☆☆)

US cryptocurrency exchange Coinbase plans to end Bitcoin-backed loans for individual investors.

In May, he announced that he would no longer be able to take out new loans, and this time he would have to repay them by November 20. If you can’t pay it back, Coinbase says it will liquidate the bitcoin you’ve secured.

This is the end of the service for individual investors, and the Prime service for large investors and institutional investors will not be affected.

connection: US Coinbase CEO to meet with US Democratic lawmakers group

Provide OpenSea NFT swap (Attention: ★★★☆☆)

Leading NFT electronic marketplace OpenSea has introduced a P2P NFT swap facility called “Deals”.

Introducing Deals: offer your NFTs for theirs, securely on OpenSea.

https://t.co/bTciJLUWDK pic.twitter.com/KR2MLbi7jh

— OpenSea (@opensea) July 20, 2023

Deals allow collectors to trade NFTs with each other and can also include WETH to make the terms of the deal more attractive.

Users can swap with up to 30 other NFTs at a time. Also, you don’t have to pay royalties.

List of major economic indicators after this week (Attention: ★★★★☆)

List of major economic indicators after next week

・7/18 (Tue) 21:30 US June retail sales
・7/19 (Wednesday) 18:00 EU June consumer price index
・7/20 (Thursday) 21:30 Number of new unemployment insurance applications for the previous week
・7/21 (Friday) 08:30 Japan June National Consumer Price Index
・7/27 (Thursday) 03:00 Policy rate announcement after the US FOMC meeting ・Fed Chair Powell regular press conference (03:30)…

— CoinPost Virtual currency media[WebX held in July](@coin_post) July 18, 2023

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