Celsius Sues Tether & Harris Overtakes Trump on Polymarket!

GM anon ☕🐺

In today’s Alpha Bytes👇

Celsius sues Tether, seeking $3.5B over Bitcoin collateral sell-off, and also targets Badger DAO, Compound, and Netanyahu's niece and nephew in lawsuits. Meanwhile, Crypto.com, Dragonfly, and Gemini join Coinbase in an opposing CFTC proposal that could ban prediction markets. Harris takes lead over Trump on Polymarket’s $572M prediction market for the next US president.

BTC $58,345 (-4.62%), ETH $2,549 (-4.26%), SOL $142.67 (-8.37%)

Crypto News 📰

• IRS updates crypto brokerage tax form, appears to remove request for wallet addresses

• SEC postpones decision on Hashdex's proposed ETF to hold bitcoin and ether

• Trump-themed token RTR dumps 95% after son denies link to token

• OKX cracks down on Tornado Cash users with account terminations

• Solana prevents potential outage, patches critical vulnerability

• Vitalik Buterin backs proposed ERC-7683 for cross-chain trade standards

• Regulators postpone listing decision for Hashdex Nasdaq Crypto Index ETF

• MiCA regulation poses ‘systemic risk’ to banking system, says Tether CEO

• SEC and Ideanomics settle crypto revenue reporting fraud charges

• BitGo set to transition Wrapped Bitcoin business to multi-jurisdictional custody

• Tornado Cash dev Alexey Pertsev seeks more funding for legal appeal

• BOJ ex-board member says another rate hike unlikely this year

• Venezuela blocks Binance, X amid presidential election dispute

• BitGo CEO argues WBTC security is unchanged amid concerns

• Zcash founder joins Shielded Labs, pushes for hybrid PoS upgrade

• South Korean CEO arrested for ‘$366M crypto-themed fraud’

• Harris-Walz campaign faces pressure to clarify status on crypto policy

• Trump Jr. to launch DeFi platform

• Trump Campaign Hacked, Microsoft Says Iran-Backed Group "Mint Sandstorm" Responsible

• Adidas collaborates with Ethereum NFT Doodles collection

Project Updates 🔥 

• Ripple begins testing its stablecoin RLUSD on XRP Ledger and Ethereum

• TON users gain free access to advanced analytics

• Synthetix to add Chainlink when v3 exchange launches on Arbitrum

• Santa Monica ‘Bitcoin Office’ webpage goes live

• Canto to restart network after 'consensus issue' causes outage

• Animoca valuation markdown

• Seeing a ton of $SUI, $SEI, $TIA shills on the timeline

• A great medium for art on Bitcoin

• The first crypto game on console!

• Tether's USDT and Circle's USDC combined supply grew $3B amid crypto market rebound

• Memecoins at the No.1 spot for mindshare

Threads 🧵 

• A new financial model for app tokens

• Introduce cash flows for application tokens

• Introducing the ZK Market Map!

• Understanding blockchain governance

• China liquidity about to explode

• htx / huobi is now blatantly

Launches 🚀 

• Near launches Chain Signatures on its mainnet

• Shibarium to launch hard fork with burn mechanism

• Thailand SEC launches digital asset regulatory sandbox

• IBM launches WatsonX.ai service for enterprise clients

• Franklin Templeton launches an on-chain US government money market fund on Ethereum

Fundraise 💰

• BasedVC secures $2M in seed funding

• Nexio secures $2.2M in funding to enhance the Bitcoin ecosystem

• Televerse secures $1M in seed funding to enhance the blockchain gaming platform

• Vessel secures $10M in seed funding to enhance DeFi solutions

That's a wrap for today!

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