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- Bitcoin Drops Below $56k, Biden's Exit Odds Soar & Ethereum ETFs Nearing Approval!
Bitcoin Drops Below $56k, Biden's Exit Odds Soar & Ethereum ETFs Nearing Approval!
M6 Labs Alpha Bytes 🚨: 4th July
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.
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/0345dd6e-1361-451a-8252-22cad2194635/image.png?t=1720100118)
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🪂
Project Updates 🔥
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 🚀
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 🎥
Analysis 📊
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