DeFi Protocols Face DNS Threat, Coinbase's SEC Challenge, & SEC Says BUSD Isn’t A Security!

GM anon ☕🐺

In today’s Alpha Bytes👇

More than 220 DeFi protocols still ‘at risk’ from a potential Squarespace DNS Hijack. NY Judge rejects Coinbase’s efforts to subpoena SEC Chair Gary Gensler. SEC drops investigation into Paxos, decides BUSD not a security. 

BTC $56, 965 (-1.99%), ETH $3, 066 (-1.56%), SOL $134.99 (-5.05%) 

Crypto News 📰 

• US inflation falls to 3%, lower than expectations

• Notcoin, 1inch, and Sign launch accelerator for Telegram and TON ecosystems

• Animoca Brands launches validator on Bitcoin L1 core to boost security

• Binance negotiates Gopax stake sale to South Korea's Megazone

• Several Tailwinds could push Bitcoin to $100k this year as US Inflation cools

• Morgan Creek Digital to raise up to $500M for new Web3 venture capital fund

• U.S. spot Bitcoin ETFs recorded $147M in net inflows, led by Fidelity’s FBTC with $58M

• MicroStrategy reveals 10-for-1 Stock Split after amassing $13B in Bitcoin

• Germany holds less than $300M in Bitcoin as selloff accelerates

• Fireblocks adds five custody firms to global program

• Iggy Azalea's MOTHER Token jumps over 50% after partnering with DWF Labs

• House fails to overturn Biden veto on pro-crypto banking bill

• DWS confirms plans to launch first regulated euro-backed stablecoin in 2025

• OKX picks Malta over France as Europe hub to comply with EU's MiCA crypto rules

• Ethereum ETF issuers eagerly waiting on the SEC to provide details on potentially final filings

• Crypto market rebound expected in august, liquidations to finish by july-end: JPMorgan

• DeFi and stablecoins are coming to the Bitcoin ecosystem

• US SEC eases crypto reporting for banks and brokerages

• Coinbase launching a ‘one-stop’ crypto app designed to simplify user experience

• Story Protocol plans to launch IP-focused Layer 1 this year

• Hamster Kombat founders reveal game’s origins, plans for a second airdrop

Airdrops🪂 

• @Lavanetxyz releases airdrop checker

• Claim your @Moca_Network $MOCA

Project Updates 🔥 

• Multiple DeFi domains at risk of being hacked, shared by @0xngmi

• Pyth Network introduces Express Relay, aiming to reduce MEV in DeFi

• Natix x Mapbox

• Ondo Finance x Pyth

• Karak introducing restaking functionality for Arbitrum

• No-Code Deployer App for Rollups live on Arbitrum

• Polygon Miden Alpha Testnet v3 is Live

• Exodus launches Passkeys Wallet

• Thirdweb introduces Ecosystem Wallets

• Sanctum’s $CLOUD Will Launch On Jupiter LFG On 18th July

• SKALE introduces Pacifica V3

• @Uniteio launches Unite Odyssey

• @UpnetworkHQ launching a Movement phone

• @LidoFinance implements SSV-powered "simple DVT module"

Threads 🧵 

• @KyleSamani doesn't believe in owning your own data

• Key insights from @Delphi_Digital's "Do Airdrops Hurt More Than Help" report - @stacy_muur

• @MariaShen releases @ElectricCapital Crypto Market Map

• Big debate in zkVM design: Custom vs general-purpose ISA? - @ventalitan

Launches 🚀 

• NavyAI IDO

• Ready Games IDO 

• Ostium Labs Mainnet Vaults 

Fundraise 💰

• @thirdfiorg (Blockchain Service) - $2M 

• @tread_labs (CeFi) - $3.5M Pre-Seed led by @newformcapital

• @KulipaXYZ (Blockchain Service) - $3M Seed led by @fabric_vc @WhiteStarCap

Calendar 🗓️

• 8 July : $ETHFI - $150M Unlock

• 8 July : $ENS - Rebrand news

• 8 July : $EOS - Revamped Staking Rewards

• 9 July : $XAI - $85M Unlock

• 11 July : U.S. - CPI

• 11 July : Bithumb - Delisting Decision $ALEX

• 11 July : $OP - Fjord update

• 12 July : U.S. - PPI

Videos 🎥

• @CelestiaOrg - Modular Summit day 1 livestreams

• @0xbeaconpodcast - Avery Ching | CTO and Co-Founder of Aptos Labs : Decoding the Aptos Ecosystem

That's a wrap for today!

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