MicroStrategy Expands Bitcoin Holdings & Do Kwon's Extradition to South Korea!

GM anon ☕🐺

In today’s Alpha Bytes👇

Montenegro appeals court rules ex-Terraform CEO Do Kwon will be extradited to South Korea. MicroStrategy expands bitcoin holdings to $14.7B amid quarterly loss, while Coinbase reports $1.4B in Q2 earnings, shares rise 3%, and refutes the accusation it violated campaign finance laws.

BTC $64,301 (-0.07%), ETH $3,146 (-0.79%), SOL $161.57 (-4.25%)

Crypto News 📰

• Cathie Wood's Ark Invest resumes Coinbase share sales, offloads $2.7M worth of COIN

• Bybit will end services and stop offering products in France

• Bitcoin miner Marathon Digital's shares fall 8% as it reports wider Q2 losses

• South Korean crypto exchanges face unexpected supervisory fees

• Hong Kong’s largest online broker launches Bitcoin and Ether trading for 22M users

• Casper Network back online following security incident halt

• EU watchdog warns of offshore crypto risks under MiCA regulation

• Crypto.com surpasses Coinbase in trading volume as institutional demand grows

• CleanSpark's mining expansion continues with Wyoming facilities

• Republican supported by crypto Super PAC loses Arizona primary

• North Carolina lower chamber overturns governor’s veto of CBDC ban

• Digital Chamber urges US senators to support Lummis’ Bitcoin reserve bill

• DeFi protocol removed an important line of code that led to a $212K hack

• Genesis Trading transfers 40K ETH to two addresses and signals asset liquidations

• Bank of England lowers interest rate by 25 basis points

• Harris odds surge to 43% on Polymarket after Trump’s NABJ panel, reaching $467M wagered

Project Updates 🔥 

• UQUID integrates USDT on TRON for seamless public transport payments in Argentina

• Convergence has been hacked

• DWF Labs announces that its working on a CeDeFi synthetic stablecoin

• IBM Japan supports Kirin's blockchain-based juice traceability project

• Dubai Commercial Bank introduces dedicated accounts for virtual asset service providers

• Pendle completes major market product redemption

• Linea initiates phase 1 of the decentralization roadmap

• Injective completes Altaris mainnet upgrade

• PayPal stablecoin PYUSD market cap reaches $612M

Threads 🧵 

• State of SynFutures Q2 2024

• Introducing Paladin

• Random thoughts on the state of crypto

• Donald Trump's Machiavellian plan

• Overcoming regulatory hurdles for direct on-chain issuance of real world assets

• BAYC memecoin $BAYC

• DeFi is ‘waking up again’ — Active loans return to 2022 levels

• Neiro, Ginnan and Fwog

Launches 🚀 

• OpenEden launches tokenized T-Bills on XRP Ledger

• Notcoin to launch story-driven Web3 game with Lost Dogs and Getgems

• Navi Protocol launches DApp with enhanced features

• Bitlayer launches comprehensive development and security toolkit

• Union launches public testnet on Berachain, integrates Cosmos blue-chip assets

• Polyhedra Network launches Proof Cloud Beta and Proof Arena platform

• Radiant Capital launches on Base network with LayerZero Labs and Stargate Finance support

Fundraise 💰

• Morpho secures $50M funding led by Ribbit Capital for onchain lending

• Arbitrum-based DuelNow receives $11M funding as Web3 betting heats up

• CoinFund leads $2.25M seed round for Raad Labs

• DuelNow secures $11M funding led by GEM Digital Limited

• MetaDAO secures $2.2M in funding led by Paradigm

• Pichi Finance secures $2.5M in seed funding

• ApeCoin DAO approves $10M investment fund

That's a wrap for today!

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