🤘 Two abrupt launches at the start

Hey there, you crypto whizzes and token hustlers! 🤘 What's cookin' in the crypto kitchen? Time to whip up some blockchain magic and serve it hot! It’s your buidlbee crypto community team here. Grab your hodl hats, fam, 'cause we're about to dive into the DeFi deep end and ride those bull waves like the surf champs of the cryptoverse! 🏄‍♂️🌊

And here’s what's on today’s menu:

• Top altcoin owners in the US will pay taxes and be deanonymized;

• Don't miss the launch of the year's favorites, SEI and CyberConnect, on Binance;

• Ripple ($XRP) hasn't shown everything yet (technical analysis*);

• Stuffing the pockets with $CYBER: step-by-step instructions.

And now about the main things of the day:

• Google Cloud and Deutsche Telekom will become validators on the Celo network.

• KuCoin announced that it is suspending its BTC and LTC mining pools on August 16.

• South Korea's two largest automakers, Hyundai and Kia, have unveiled an artificial intelligence-enabled solution for tracking carbon emissions in the supply chain on the Hedera ($HBAR) blockchain.

• Kenya's Ministry of Home Affairs has suspended the operation of the Worldcoin cryptocurrency. The government is concerned that Worldcoin is collecting iris data from citizens, and the relevant economic, security, and data protection services have launched an investigation.

🕑 An interesting consequence for altcoins

The US Internal Revenue Service, or IRS, will mandate the inclusion of staking profits in the list of taxable income. The market value of the rewards received should be included in the taxpayer's income in the year in which the taxpayer gains control over these funds (after the asset is taken out of staking).

In effect, this means the introduction of a staking tax by the government, which begs a serious question. Imposing such a tax effectively forces one to fully declare their altcoins to be treated as taxable. In addition to the eternal problems with centralizing PoS networks like Ethereum and Solana, now full deanonymization and taxes are being added to the mix. Not bad?

🔍 The U.S. government has launched an investigation

Financial giant BlackRock has been investigated by US authorities. It is suspected that the fund has accumulated a large number of Chinese financial resources, according to the authorities, such $$$ are "draining the American economy".

It's hard to say if it's a coincidence, but recently BlackRock applied for a Bitcoin ETF and made a big pump on the crypto market. Democrats are known for their dislike of crypto, and now they will check BlackRock for links to the Chinese and communism.

💲 Ideas

[1] 🔔 The most promising token sales of the summer

Some of this year's most buzzed-about projects, SEI and CyberConnect, are launching soon on the Binance LaunchPool. On ex-Twitter, some are even hoping it might launch an alt-season. Here are instructions on how to participate:

To participate in the LaunchPool for SEI, you need to:

• Beginning Aug. 2, go to the page.

• Deposit your tokens (BNB, TUSD, and FDUSD) into one of the pools.

• Listing on the exchange will happen on August 15.

• All details are here.

To participate in CyberConnect, you need to:

• Starting August 2, go to the page.

• Deposit your tokens (BNB, TUSD, and FDUSD) into one of the pools.

• Listing on the exchange will happen on August 15.

• All details are here.

• CyberConnect will also conduct an airdrop;? all details will be announced on August 4 at the launch of the campaign on this page.

[2] 🔔 Rational about XRP's prospects

Some time has passed since the rapid growth of XRP; emotions have settled down, and now it's time to take a rational approach to the issue. According to P_S_trade, if you look at the token chart, it seems that the correction of the previous growth is still too small. Accordingly, the correction should continue, and XRP should fall.

Therefore, it would be rational to take some XRP for your portfolio not earlier than the $0.59-0.61 zone.

And after that, hold it and wait for the next x2 growth in the range of $1.15-1.25

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

[3] 🔔 CyberConnect on Binance LaunchPool and $CYBER listing

Binance has announced the release of CyberConnect on its LaunchPool. Bets can be placed for 30 days in pools with BNB, TUSD, and FDUSD starting August 8. The $CYBER tokens will be enrolled on August 15 and will open trading in the CYBER/BTC, CYBER/USDT, and CYBER/BNB pairs. Snapshots of balances will be taken several times at random moments to get average hourly balances.

Liquidity into pools can only be submitted once. But the same user can allocate, for example, half of the same token to two pools.

Farming period: August 2 through September 1.

Details:

• Total $CYBER supply: 100,000,000.

• Launchpool bounties: 3,000,000 (3% of supply).

• Initial circulation: 11,038,000 (11.04% of supply).

Pool links:

• BNB pool: $2,400,000CYBER in remuneration (80%).

• TUSD pool: $450,000CYBER in remuneration (15%).

• FDUSD pool: $150,000CYBER in remuneration (5%).

Crypto crew, it's time to hang up our moon boots and say farewell to this digital rollercoaster. But fear not, we won't disappear like Satoshi Nakamoto, you can still find us geeking out in the blockchain shadows! 🕵️‍♂️🔍 It's not goodbye – it's just a HODL until we meet again tomorrow! 🚀🌕