Schumer Pushes for Crypto Law by Year-End, Trump’s Crypto Initiative, & More!

M6 Labs Alpha Bytes 🚨: 15th August

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M6 Labs
August 15, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Senator Schumer vows to pass crypto regulation this year in bid to win over voters and is scheduled to speak at Crypto4Harris townhall. Trump organization to launch a cryptocurrency initiative. Meanwhile, Circle CEO says crypto is a 'Purple Issue' & Harris campaign committed to understanding crypto policy. Binance achieves its 19th global regulatory milestone with registration in India.

BTC $57, 986 (-4.57%), ETH $2, 609 (-4.06%), SOL $141.90 (-2.12%)

Crypto News 📰 

  • UEFA Champions league adds Crypto.com as multi-year sponsor

  • Bitcoin drops to $58k after U.S. CPI print, BTC ETFs record $81M outflow

  • Morgan Stanley reveals $187M position in BlackRock’s spot Bitcoin ETF, nearly sells out of GBTC in Q2

  • MetaMask announces Baanx,  Mastercard powered crypto debit card that lets you spend from your Ethereum wallet

  • Binance re-enters India after settling $2.25M penalty with FIU

  • Fidelity head of digital asset management suggests stablecoins, tokenized Treasurys and onchain credit may be in the offing

  • New Vanguard CEO says asset manager ‘will not be launching crypto ETFs’

  • Binance to pay $1.7M to Brazilian securities commission to end probe into unauthorized derivatives offering

  • Ethereum set for overhaul of crucial programming standard with 'EVM Object Format'

  • TON collaborates with Pyth Network to enhance real-time data feeds for gaming and DeFi

  • Renzo enters Solana liquid restaking, set to launch ezSOL on Jito

  • US government transfers 10k Silk Road BTC to Coinbase Prime, Bitcoin price holds steady

  • Ethereum-Based Swell Imports Wrapped Bitcoin to Serve as Liquid Restaking Token

  • Bitcoin price may turn lower as crypto exchanges see $1B USDT withdrawal

  • Riot Platforms buys another 1M Bitfarms shares, increasing ownership stake to 18.9%

  • TON Ventures launches with $40M to fund Telegram’s crypto ecosystem

  • WazirX ends custody relationship with Liminal, is moving funds to new multisig wallets

  • Jump Trading transfers $46.44M in ETH amid sell-off, manipulation fears

  • Pump.Fun's removal of $2 issuance charge pushes daily fees to all-time highs, but users are unhappy

  • Ethereum L2 ecosystem processes a record 12.4M transactions in a day

  • Telegram launches new ways for creators to earn TON tokens

  • US inflation falls to 2.9%, lower than expectations

  • Confiction Labs launches 'Proof of Exposure' to combat rising bot activity in Web3 gaming

  • Solana's stablecoin ecosystem has surged past $1B in market cap largely driven by PYUSD in just three weeks

  • State of Wisconsin increases exposure to Bitcoin in Q2 via BlackRock ETF

  • Shark Tank's Kevin O'Leary lays the blueprint for crypto mass adoption

  • Thailand's PM removed, but crypto policies likely to remain 'largely' unaffected in political uncertainty

  • Norwegian sovereign wealth fund’s indirect Bitcoin holdings soar 62% in first half of 2024

  • Bitget hires former Binance policy head Hon Ng as Chief Legal Officer

  • Toncoin up 10% after landing on Binance Launchpool

  • Solana memecoin Gigachad up 21% after endorsement from meme model

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