Ripple-SEC Finally Over, Trump's Sons Want To Shake Up Crypto!

GM anon ☕🐺

In today’s Alpha Bytes👇

Billionaire Michael Saylor reveals personal holdings over $1B in Bitcoin, while both Donald Trump Jr. and Eric Trump teased upcoming announcements related to crypto and DeFi. Kamala Harris ties with Trump at 49% election odds on Polymarket. Judge finds Ripple Labs liable for $125M penalty in SEC case.

BTC $57,251 (+0.75%), ETH $2,433 (-2.64%), SOL $154.31 (+1.48%)

Crypto News 📰

• Bitcoin miner Core Scientific reports $805M net loss in Q2

• Grayscale, Bitwise and NYSE American ask for rule change to allow options on spot Ethereum ETFs

• Robinhood's Q2 crypto revenues up 161% as trading volume hits $21.5B

• Cathie Wood's Ark Invest continues to buy the Coinbase dip, adds $4M worth of COIN

• IMF explores bitcoin risk management strategies with El Salvador

• BlackRock’s spot Ether ETF amasses nearly $900M since launch

• DeFi protocol Nexera hacked for $1.5M via smart contract exploit

• Bitstamp helps Stripe scale crypto purchases in the EU

• Crypto Super PACs win big backing candidates in 3 US state primaries

• Eisenberg seeks to have Mango Markets fraud convictions thrown out

• Morgan Stanley advisers can officially pitch Bitcoin ETFs

• UK’s FCA provides more guidance on crypto promotion compliance

• Metaplanet secures 1B yen loan to buy more Bitcoin

• New York judge nods $12.7B settlement between FTX, Alameda and CFTC

• Standard Chartered-incubated digital bank Mox Bank debuts crypto ETFs for retail investors

• Jump Trading moves $277M in Ethereum to exchanges amid market recovery

• Dormant Ethereum wallet moved funds from $2B PlusToken scam

• Brazilian Securities and Exchange Commission approves first Solana ETF

• Crypto coalition asks Biden and Harris for solid US regulatory guidelines

• Bank of Japan won’t raise rates when markets unstable, deputy governor says

• Immutable shuts down the NFT marketplace

Project Updates 🔥 

• Symbiotic website is currently down

• @ethena_labs USDe is live on Solana

• Ethena expands access to USDe with Solana integration, SOL added as backing asset

• Wintermute is now the top holder of $neiro

• Immutable announces closure of Immutable X Marketplace

• Binance Labs invests in Solayer to drive the Solana restaking ecosystem forward

• Blast memecoin Pacmoon announces migration to Solana

• Covalent Network partners with Sei Blockchain to enhance on-chain data access

• Two big updates today from @pumpdotfun

Threads 🧵 

• The race to dominate stablecoins

• Yen Carry trade by @asxn_r

• Token migration 101

• Thoughts on Jump supposedly leaving crypto

• Here's my unfiltered guide on rollups

• I don't understand ETH's underperformance

• Nearly every token Binance listed in 2024 is now bleeding red

Launches 🚀 

• Grayscale launches new crypto investment trusts for SUI and TAO

• $RAGE is live on Hyperliquid

• Hong Kong virtual bank Mox Bank launches crypto ETF trading

• CoinDCX launches $6M customer protection fund following WazirX hack

• Gitcoin Grants 21 launches with Arbitrum and Celo ecosystem rounds

Fundraise 💰

• @dawninternet raises $18M led by @dragonfly_xyz

• DeAgentAI has raised $6M in seed funding

• @blockscoutcom secured $3M in a seed round led by @1kxnetwork

• Solana-based DePIN project Andrena raises $18M

• Khalani secures $2.5M in seed funding led by Ethereal Ventures

• Aidatify secures $17.5M in Series A funding led by SM Capital

• Movement Labs' LYNC raises $1.5M in pre-seed funding.

That's a wrap for today!

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