Bitcoin Drops Below $56k, Biden's Exit Odds Soar & Ethereum ETFs Nearing Approval!

GM anon ☕🐺

In today’s Alpha Bytes👇

Bitcoin drops below $56k amid Mt. Gox payout concerns, US economic uncertainty. Biden's odds of dropping out surge to almost 80% on Polymarket after New York Times report. Ethereum ETFs could come as soon as next week as Bitwise files amended S-1 early. 

BTC $56, 980 (-5.48%), ETH $3, 125 (-5.25%), SOL $131.98 (-7.85%) 

Crypto News 📰 

• Mt Gox wallets make small Bitcoin moves, including to recipient exchange Bitbank, shows Arkham

• German government transfers additional $175M in Bitcoin, including $75M to crypto exchanges

• $100M Bitcoin liquidated as BTC drops: Will ETF investors panic sell?

• Chainlink to handle on-chain NAV for Sygnum’s $50M tokenized Matter Labs treasury

• Consensys acquires Wallet Guard to help protect MetaMask users against hacks and scams

• EigenLayer competitor Symbiotic crosses $1B in deposits in under a month

• US spot Bitcoin ETFs see $20M net outflows while most funds record zero flows

• Data blockchain Flare connects to over 70 blockchains via LayerZero integration

• Mantra to tokenize $500M real estate assets for UAE builder MAG Group

• Obol Labs forms industry group to push for decentralized validator technology

• Polkadot marketing cost controversy sparks community criticism

• BitMEX launches new memecoin basket index tracking crypto market’s top 10 memecoins

• Bittensor proposes burning 10% supply to stabilize TAO following $8M exploit

• Europe’s largest Bitcoin miner Northern Data to launch IPO in the US

• Crypto VC investment ‘continued rebound’ in Q2 with $3.2B invested - Galaxy

• Web3 Foundation, Parity Technologies dismiss Polkadot treasury depletion fears

• Lido sees around 100k increase in staked Ethereum amid SEC scrutiny

• Russia contemplating permanently legalizing stablecoins for cross-border payments

• 'Notcoin' launches accelerator to boost next wave of Telegram Crypto Games

• Judge sides with CFTC, deems OHM and Klima commodities in case involving crypto ‘Ponzi’-like scheme

• Indian crypto exchange CoinDCX acquires BitOasis as part of international expansion plan

• Solana ETF approval odds are better without Gensler at SEC, says VanEck

• US Courts to decide if NFTs are securities as DraftKings case goes to trial

• KuCoin to enforce 7.5% VAT on Nigerian trades amid regulatory changes

• Solana memecoin MEW's Cat character to feature on trending Telegram mini game

Airdrops🪂 

• @WAGMIFairLaunch $WAGMI Step-by-Step Airdrop Guide - @0xJok9r

• @Sanctumso update on $CLOUD airdrop

Project Updates 🔥 

• @Entanglefi x @BorpaTokencom drama part 1

• @Entanglefi x @BorpaTokencom drama part 2

• Bittensor chain halted due to attacks on wallets worth $8M

• @NetmindAi shared Q3 roadmap

• zksync unveils Elastic Chains

• Clearpool has launched on Base

• Onrampmoney launching in 30+ countries 

• @JupiterExchange introduces ape.jup.ag

• @Blast_l2 releases details about Phase 2 points & gold

• @SymbioticFi increases caps

Threads 🧵 

• Tactical frameworks for inflection points - @mrjasonchoi 

• 10 + 1 reasons why ignoring @pendle_fi will be your biggest regret - @kenodnb

• @dexscreener new memecoin platform: Moonshot vs @pumpdotfun - @Mr_Gorilla_eth

• Levels of Autonomy in Agentic Apps - @michaelhanono

Launches 🚀 

• GHO

• Clearpool 

• Ether Fi Card Pre-Orders

• Well3 Claims & TGE 

• Infinex Craterun 

Fundraise 💰

• Solana-based GPU tokenization protocol Compute Labs raises pre-seed round at $30M token valuation

• Bitcoin scaling protocol QED raises $6M seed round at ‘9-figure’ valuation

• @Pi_Squared_Pi2 (Blockchain Infrastructure) - $12.5M seed led by @polychain

• @sentient_agi (Blockchain Service) - $85M seed led by @foundersfund @peterthiel @PanteraCapital

• @playcambria (GameFi) - $2.5M seed led by @BITKRAFTVC

• @ethos_network (Social) - $1.75M Pre-Seed

Calendar 🗓️

• 2 July : $EGLD - Vega Patch 3

• 3 July : $RON - Goda Upgrade

• 3 July : $ETHFI - Cash Card (Pre-order)

• 4 July : $DESO - Revolution PoS

• 4 July : Tabi - Early Bird Node Ticket Sale

• 5 July : $ZIG - Tokenomics Upgrade Proposal

• 5 July : $MAVIA - Phase 2 Rollout

Videos 🎥

• @leviathan_news - Leviathan News Livestream feat. Yieldnest

• @thedailygwei - EthStaker survey, Obol Charon v1 and more - The Daily Gwei Refuel #790 - Ethereum Updates

Analysis 📊

• Bitcoin to surprise most with move to $72k (again)

• Altcoins ready to dump soon

That's a wrap for today!

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