Goldman Sachs Holds Over $400M in Bitcoin ETFs, Coinbase Promotes New Product!

GM anon ☕🐺

In today’s Alpha Bytes👇

Goldman Sachs reports $418M in spot bitcoin ETF holdings as of June 30. Coinbase teases a new wrapped Bitcoin product “cbBTC” amid ongoing WBTC controversy. Mt. Gox’s suspected $2.1B BTC Bitgo wallet activates. Vivek Ramaswamy predicts Kamala Harris may adopt a pro-crypto position.

BTC $60,907 (+2.83%), ETH $2,727 (+2.96%), SOL $145.72 (-0.20%)

Crypto News 📰

• STS Digital acquires Swiss market maker flovtec

• Hedera taps crypto custodian Copper to expand institutional access to HBAR tokens

• Bitfarms co-founder Nicolas Bonta steps down from board

• Grayscale's latest fund for qualified investors tracks MakerDAO’s MKR token

• Coinbase to offer cryptocurrency services in Hawaii

• Traders dump MAGA memecoins after Trump fails to talk crypto with Elon Musk

• Crypto4Harris looks to 'do a formal reset' in engaging with VP's team

• DRW discloses nearly $200M worth of crypto ETF holdings, led by ETHE

• US Court of Appeals reboots HEX manipulation case against Binance.US

• DBS Bank launches blockchain-powered treasury tokens pilot

• Hong Kong court orders financial disclosures in Mantra Chain dispute

• WonderFi expands to Australia — Blockchain Futurist Conference

• Canadian regulators are looking to investor protection with stablecoin rules — CIRO

• ASX sued over prior statements about its now-abandoned blockchain project

• New Jersey investors urged to redeem funds from Abra amid crypto company’s shutdown

• Japan’s Metaplanet buys nearly 60 BTC following ¥1B loan

• India’s central bank sees risks in CBDC amid financial crisis

• Crypto firm Cumberland deployed $1B Tether in 8 days  

• Andre Cronje has been appointed CTO of Sonic Labs

Project Updates 🔥 

• The Chakra Pool is live on MANTRA.Zone

• Proposed actions for WBTC risk mitigation

• Introducing Toncoin (TON) on Binance launchpool

• Curve Finance reduces CRV emissions, boosting DAO sustainability

• Hive Digital sales up 36% as Bitcoin miner forays into AI compute

• Pump.fun daily revenue outpaces the next 24 protocols combined

• Manta Pacific adopts multiple data availability framework for Layer 2 blockchains

Threads 🧵 

• Key takeaways from ShinChan

• Is SUI actually any good?

• Water, water, everywhere

• Missing crypto conversation in the Musk-Trump interview

Launches 🚀 

• OpenOcean launches DEX aggregator on Bitcoin L2 Rootstock

• CoinList launches a staking fund for accredited US investors

• Alephium launches the first dedicated mining machine developed by Bitmain

• BNB Chain launches the third round of the meme innovation battle

• Aztec launches Devnet

Fundraise 💰

• Intent-centric Ethereum L2 Essential raises $11M in Series A funding

• ZK Layer2 Reddio secures seed funding led by Paradigm and Arena Holdings

• @reddio_com announces seed round funding led by @paradigm and Arena Holdings

That's a wrap for today!

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