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Beam is more than a gaming blockchain; it's a community-driven chain and ecosystem where gamers and developers come together to shape the future of the gaming industry. Whether you're a developer looking to create the next breakthrough game or a player seeking the best blockchain gaming experience, Beam offers a powerful, flexible solution. Beam operates as an Avalanche subnet.
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India's Enforcement Directorate Raids Multiple Crypto Fraud Dens Targeting Foreign Investors
the Bengaluru branch of India's Enforcement Directorate conducted raids on multiple premises from July 18 to 19 under the Prevention of Money Laundering Act (PMLA), investigating a virtual asset over-the-counter (OTC) trading fraud case targeting overseas investors.The criminal group, through private social media channels, claimed to offer discounts on tokens such as MultiversX, Kava, BEAM, GRASS, SUI, VANA, and AGLD to induce foreign investors to put in funds. The total amount involved in the case is approximately $35 million. The case was initially filed after a report from a Dutch entity. The operation has seized electronic devices, wallet credentials, and crypto assets worth 8,700 USDT. Law enforcement authorities are continuing to expand leads and uncover the entire criminal chain.
Coinbase Suspends Trading of 25 Perpetual Contracts and Completes Auto-Settlement
According to an official announcement, Coinbase has suspended trading of 25 perpetual contracts, as previously announced. All outstanding positions in these contracts have been automatically settled at the final settlement price. The affected contracts include TRB, RARE, NEIRO, A, ME, XTZ, KMNO, RAY, STX, ENS, GMT, SNX, 1000FLOKI, 0G, ORDI, NIL, BIO, UMA, BEAM, INIT, SOMI, EGLD, CLANKER, SOPH, and BIGTIME. The final settlement price was calculated as the average index price over the 60 minutes preceding the suspension. Coinbase stated that this action aims to focus on products that consistently meet liquidity and market quality standards, and that it will accelerate the launch of new perpetual contracts by optimizing internal processes.