BlockFi Announces Crypto Distribution via Coinbase; WazirX Hacker Converts Stolen Funds to Ether

GM anon ☕🐺

In today’s Alpha Bytes👇

BlockFi will begin processing crypto distributions via Coinbase this month. The WazirX hacker converted most of the stolen crypto into ETH,and Elliptic believes that North Korean hackers are behind the attack.

BTC $64,218 (-1.25%), ETH $3,438 (-0.35%), SOL $164.43 (+2.91%)

Crypto News 📰

• Winklevoss twins donate $1M in bitcoin to Sen. Warren's rival

• Mt. Gox creditors report multiple ‘brute-force’ attempts on their accounts

• Jamie Dimon, who once vowed to shut Bitcoin, eyed by Trump for Treasury Secretary

• Li.Fi releases incident report following $11M hack

• Judge reduces sentencing for Ethereum developer Virgil Griffith by seven months

• Chainalysis unveils Operation Spincaster, combatting $2.7B in crypto scams

• Hong Kong lists Standard Chartered, Animoca Brands as stablecoin sandbox participants

• Bitcoin mining analyst on Bitfarms: ‘CEO overhang now lifted’

• Judge nods Robinhood’s $9M ‘refer-a-friend’ lawsuit settlement

• Kraken Custody expands to UK and Australia markets

• BtcTurk CEO steps down from one of Turkey’s biggest crypto exchanges

• $520B state-owned Italian bank trials digital bonds on Polygon

• OKX selects Malta as MiCA hub for EU crypto compliance

• Memecoins inspired by potential Joe Biden replacements rally after he catches COVID-19

Project Updates 🔥

• TLX now supports 7x ETH leveraged tokens

• Lens targets Q4 for mainnet on ZKsync, with end goal of AI monetization

• Polygon plans to migrate MATIC to POL token on Sept. 4

• Jack Dorsey’s Block to shutter UK operations for Cash App

• Pixelverse PIXFI token rises nearly 50% in first hours after airdrop

• VeChain wallet VeWorld adds support for Apple Pay via Transak integration

Threads 🧵

• Let's dive into the Layer 3 enhancing UX

• The tragedy of the crypto commons

• Solana exit strategy guide

• Key insights from @Delphi_Digital's "Diving into Dark Pools" research

Launches 🚀

• The KIP node sale is live!

• Lumia $ORN HyperNodes are now live!

• Meta won’t launch new AI products in EU, citing ‘regulatory uncertainty’

• Outlier Ventures, Morgan Creek Digital launch Web3 Latam accelerator program

• 21Shares launches Injective ETP with staking on Euronext

• OpenAI launches new super-efficient, low-latency ‘GPT-4o mini’

• Zivoe announces mainnet launch of its RWA credit protocol

Fundraise 💰

• Crypto investment platform Truvius raises $3.2M pre-seed led by Galaxy Ventures

• Blockchain data network Chainbase raises $15M in Series A funding

• Kleiner Perkins-backed data platform Allium closes $16.5M Series A

• Monad’s $225M funding: Optimistic parallelization and MonadBFT insights

• Tencent-led $15M funding to Chainbase aiming to pioneer on-chain intelligence

• Bitrue announces $40M investment fund to back AI, defi, and gamefi startups

Airdrops 🪂

• Claims are live and ETHFI restaking is now available

• The $CLOUD Alpha Vault is now closed

That's a wrap for today!

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