Bitcoin Dips Below $65K Post-FOMC, Lummis Proposes BTC Reserve Bill, & Trump Launches Limited Edition Bitcoin Sneakers!

GM anon ☕🐺

In today’s Alpha Bytes👇

Bitcoin tumbles below $65K Post-FOMC as middle east tensions flare. Lummis introduces Bitcoin Reserve Bill aiming to bolster US's global financial standing. Nansen CEO launches memecoin that hits $6M market cap within a day. Meanwhile, Donald Trump reveals limited edition Bitcoin sneakers.

BTC $64, 232 (-3.27%), ETH $3, 168 (-4.53%), SOL $168.49 (-7.99%)

Crypto News 📰 

• Fed Chair Powell says an interest rate cut could come as soon as September

• Circle said to be trading around $5B valuation ahead of planned IPO

• Harris odds surge to 43% on Polymarket after Trump’s NABJ panel, reaching $467M wagered

• Fidelity launches competitive Bitcoin ETP on London Stock Exchange

• US spot Bitcoin ETFs log mere $299K in net inflows, Ethereum ETFs see $77M in outflows

• OKX Ventures, Aptos Foundation initiate $10M fund for the move-based Layer-1 ecosystem

• Bitcoin miner Riot Platforms reports wider losses in Q2, buys more Bitfarms shares

• Bitcoin barely budges as Federal Reserve keeps Interest Rates steady

• Elixir launches ‘fully decentralized’ synthetic dollar aiming to challenge Ethena’s USDe

• Tether reports record-breaking profit of $5.2B for first half of 2024

• Liminal pushes back against $230M WazirX hack claims

• Terra Blockchain restarts after $4M exploit

• Telegram launches in-app browser and mini-app store in new update

• Ripple’s XRP soars to four-month high amid speculations of possible SEC settlement

• Lloyd’s of London-Backed Insurance Policies can now be paid for in crypto on Ethereum

• Libra creator David Marcus endorses Trump after taking a ‘gradual political 180’

• Bitwise CIO says market is ‘not bullish enough’ amid rising political endorsements

• CryptoQuant links Bitcoin mining hashrate nearing all-time high levels to potential price stability

• Bahamas unveils DARE 2024 law to restore crypto hub status post-FTX

• Coinbase concerned about “Ongoing Regulation by Enforcement” in Australia

• FDUSD is falling flat, but still maintains a substantial presence on Binance

Airdrops🪂 

• @movementlabsxyz Incentivized Testnet is Now Live

• stTIA Airdrop claims 

Project Updates 🔥 

• @Tether_to Releases Q2 2024 Attestation

• @GnosisDAO introduces Gnosis AI

• @Astroport_Fi exploited

• @blackwing_fi Blackwing deposits live on Solana

• USDe added as stable margin collateral on @Bybit_Official 

• @Dolomite_io expanding to @berachain

• @Justinsuntron introduces SUN DAO

• @instadapp proposal about deploying on Base

• @merchantmoe_xyz introduces revamp

• @AnzenFinance exploited for $500k

• @Aave reducing stablecoin borrow rates

• California DMV launching own chain on @avax

• @Connorking_ introduces @irys_xyz

Threads 🧵 

• @Elixir's successful launch of $deUSD - @CurveCap

• Prime Intellect: Making Magic to Scale AI Training - @0xPrismatic

• RWA ecosystem - @Fisher8Intern

• Avax launched a boost incentive program - @Only1temmy

Launches 🚀 

• @rage_trade LBP 

• @augment $AUG is now live on @solana and @RaydiumProtocol

• @swellnetworkio rswETH Withdrawals are live

Fundraise 💰

• A16z Crypto leads $9M Series A round for DePIN project Daylight

• @jokerace_io (Social) - $3M led by @Maven11Capital

• @icebreaker_xyz - $5M by @coinfund_io

• @raadlabs (Blockchain Service) - $2.25M Seed led by @coinfund_io

• @WeRich_ (DeFi) - $2M Seed led by @FoliusVentures @animocabrands

• @breakoutprop (CeFi) - $4.5M led by RockawayX

Videos 🎥

• @0xMughal - The Bull Case For Dinero | Zero To 6 Figure Crypto Portfolio Ep. 45

• @KryptoCove - Airdrop Summer is HEATING UP [$LAVA, $L3, $LSD & More]

That's a wrap for today!

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