In the past week, more than 1.2 billion SHIB were sent to dead wallets by the SHIB community. The Shiba Inu's burn rate spiked 785% after 519,456,549 SHIB tokens were burned in just one transaction, reports Shib Burn's Twitter handle. Shiba Inu have created a ShibBurn portal wherein users can participate in burning their SHIB tokens and get rewarded for doing so.

The ace investor, Ashish Kacholia, has added another 4.12 lakh shares of glass products manufacturing company La Opala. According to the new shareholding pattern, the investor now holds a 1.42% stake in the company, against a 1.05% stake in March 2022 quarter. The shares of La Opala gained after the news. In the last month, the stock has gained nearly 17%.

Eka Care, a healthcare startup, has secured $15 million in Series A led by Hummingbird Ventures. 3one4Capital, Mirae Assets, Verlinvest and Aditya Birla Ventures, among others, also participated in the round. The freshly infused funding will be used for product development, hiring, educating consumers on the benefits of maintaining a health profile and helping doctors move to digital practice.

Integrator of digital networks, STL, has notified of securing worth INR 250 crore deal with one of India’s leading telecom operators. Via the deal, STL will establish a high-performance, modern communication network in India. Praveen Cherian, CEO, of STL Global Services said, “STL and the telecom service provider have been long-term partners in the optical connectivity space.”

The embattled cryptocurrency hedge fund Three Arrows Capital (3AC) reportedly owes its creditors $2.8 billion. As some have not yet made or quantified their claims, the no. may increase in the future. The fund's list of creditors includes companies like BlockFi, Celsius Network, BitGo, Algorand, CoinList, Galaxy Digital, DCG and many others, as per a tweet posted by an anonymous creditor.

MD Food Product has announced securing $600,000 or about ₹4.6 crore led by BL Taparia Family Office. This is the company’s first round of funding from external investors. The freshly infused funding will be used towards new product launches, entering new tier 2 and 3 markets for retail expansion from the current cities and ramping up its current manufacturing capacities by 5X.

AnyMind Group announced that it has secured $29.4 million in its Series D funding round led by JIC Venture Growth Investments, Japan Post Investment Corporation, Nomura SPARX Investment, and PROTO Ventures Inc. The freshly infused funding will be deployed to strengthen the company’s move in the commerce enablement space and fund future acquisitions.

At a U.S. bankruptcy court hearing on Monday, crypto lender Celsius Network said Bitcoin mining is key to the company's restructuring efforts. A U.S. bankruptcy judge gave approval to the platform to spend $3.7 million in construction costs at a new BTC mining facility. A lawyer for Celsius told Glenn that bitcoin mining could allow Celsius to recoup its customers' assets it froze weeks before.

📢 Benchmark indices CLOSED on a positive note after the volatile session on July 19. 📊 At 3:30 PM, the Sensex improved by 202.60 points or 0.37% at 54,723.75, and the Nifty was up 69.30 points or 0.43% at 16,347.80. 👉Among sectoral indices, buying was noticed in the PSU Bank (🔼2.29%) and Realty (🔼2.55%). However, Media (🔻 0.34%), and Pharma (🔻 0.25%) witnessed selling pressure.

Dogecoin currently trades at $0.06656. In the last 24 hours, the coin moved 0.21% to the upside and increased by 8.49% in the last seven days. The 10th largest cryptocurrency by market cap is moving in tandem with the rest of the crypto market. The 24-hour trading volume is at $576 Million, which is a 72.55% increase in the last 24 hours.

Over 300M worth of BTC has been moved by the BTC mining companies in the last 24h. The companies made such a decision to offset their mining expenses. At the end of the past week, over 14,000 BTC were sold, as per data from CryptoQuant. As the price of BTC has dropped dramatically, the cost of mining may exceed the price of BTC for some miners, making it unwise to continue.

This week Ethereum is showcasing a huge influx of bullish momentum, with the price soaring above the $1,500 mark. “I think that we see something like $1,700 – $1,900 in the coming weeks. This is NOT a macro reversal, in my opinion, just another bear market rally,” tweeted Altcoin Sherpa. ETH is currently trading at $1,534.49 and has gone up by 44% in the last 7 days.

A liquidity pool is a digital pile of crypto locked in a smart contract. Liquidity pools enable users to buy and sell, lend, and borrow crypto on decentralized exchange & other DeFi platforms without the need for centralized market makers. Liquidity pools aim to solve the problem of illiquid markets by incentivizing users to provide crypto liquidity for a share of trading fees.

Integra Essentia secured worth Rs12 crore advance orders for the supplying of Infrastructure Products. The company’s Agro Products business also garnered an Rs6.8 crore order, during the quarter, from one of India’s premier brands. The company’s enduring sustainable business strategy helped to win back-to-back orders. At around 2:21 PM, the stock was trading down.

In response to a tweet about Ripple co-founder Jed McCaleb's sales, prominent trader Peter Brandt labelled the XRP cryptocurrency "trash." "Just goes to show that even garbage can make a person a billionaire," Peter tweeted. After an eight-year selling binge, Jed McCaleb finally liquidated all his XRP holdings, according to Ripple. The co-founder sold his tokens and made an estimated $3.09B.