Second Solana ETF Approved in Brazil & Trump Tops Harris on Polymarket!

GM anon ☕🐺

In today’s Alpha Bytes👇

The Brazilian Securities and Exchange Commission has approved the second Solana ETF. Harris loses lead on Polymarket as odds RFK Jr will endorse Trump jump 38%. Meanwhile, DAO behind Mango Markets votes for SEC settlement. Bitcoin setup ‘Ripe’ for a short squeeze as Mt. Gox shifts $850M in BTC. Tron ecosystem tokens rally.

BTC $59, 644 (-2.18%), ETH $2, 602 (-2.78%), SOL $143.44 (-2.42%)

Crypto News 📰 

• US Dollar hits 2024 low against major currencies

• Gold extends record rally on dollar weakness, rate-cut bets

• US spot Bitcoin ETFs extend positive flow streak with $88M inflows

• Tether to launch a stablecoin pegged to the UAE currency

• Grayscale outflows overshadow Ethereum ETF inflows

• Tron memecoin deployer ‘SunPump’ tops $1M in revenue 11 days after launch

• Dark Pools dominate Ethereum as private transactions surge – at least by one measure

• VanEck insists Solana ETF ‘remains in play’ despite regulatory uncertainty

• Malaysian authorities destroy over 900 Bitcoin mining rigs amid power theft crackdown

• Jaredfromsubway.eth is back with a new MEV bot and new sandwich attacks

• CME BTC futures open interest dips then rebounds to $5.64B as institutional investors adjust to volatility

• NBC News reports Kamala Harris has proposed raising corporate tax rate to 28%

• Crypto-backed candidate Ansari Narrowly wins Arizona primary by 39 votes

• Germany seizes $28M in raid on unlicensed crypto ATMs

• Crypto whale loses $55M in Dai stablecoin to phishing attack

• State Street and Taurus team up for digital asset custody and tokenization services

• CZ and Binance face new lawsuit for alleged laundering of stolen crypto

• Another crypto 'Fraudster' arrested in Montenegro, where Do Kwon awaits extradition

• Zenrock aims to calm users' DeFi wobbles with decentralized custody offering

• ETH supply in profit hits 2024 low as recent buyers feel the pressure

• El Salvador launches Bitcoin certifications for civil servants

• On-chain derivatives trading volume declines third week in a row

• Curve founder’s $6.3M funding request under fire for lacking clarity

• New Solana-Based Polymarket rival from Drift draws over $3M in liquidity

• Tether mints another $1B USDT on Tron network

• Ethereum Gas Fees fall as experts foresee an ETH price bottom

• Institutional investors holding steady on bitcoin despite market volatility, analysts say

• Elon Musk latest tweet shills DOGE

• Bitcoin Miner Riot Platforms is getting closer to taking over Bitfarms by force

• QCP Capital says risk-on sentiment could boost bitcoin prices amid high demand for upside calls

• Babylon to launch self-custodial Bitcoin staking mainnet in two days

• Binance blocks $2.4B in potential crypto scams in 2024

• Crypto lender Ledn gets $50M boost with Bitcoin-backed loan from Sygnum

• Faster computers and better algorithms will fully decentralize blockchains

• Liquidations hit $50M in an hour as Bitcoin slid 3% to $58.5k

• Binance Coin BNB jumps 7%, leads XRP and Tron in altcoin surge

• Pepe, Dogwifhat, and Brett jump as memecoin market wakes up

• Atari revives classic 7800 game console with modern upgrades

• Nigeria plans to introduce crypto licensing process: Bloomberg

Airdrops🪂 

• @lanca_io @concero_io - @Airdrop_Adv

• Kamino Season 2 Distribution is now available for claim

Project Updates 🔥 

• @Galxe launches alpha mainnet of its Layer 1 Gravity chain

• Ethereum dapp @ethstatus collaborates with Linea on Layer 2 network

• ‘Blind computing’ platform @nillionnetwork taps Arbitrum for cheaper fees and Ethereum’s security

• @ClearpoolFin develops Caldera-powered Layer 2 chain within Optimism ecosystem

• @Official_Upbit announced the addition of USDT trading pairs for Brett (BRETT) and Pepe (PEPE)

• @Bybit_Official announces the upcoming listing of $Neiro on Spot trading platform

• Restaking startup @YieldNestFi builds novel liquid restaking token on EigenLayer

• @Rabby_io has integrated @lifiprotocol to power seamless in-wallet bridging

• Introducing @mETHProtocol

• @aori_io partners with @TheoNetwork_ to bring permissionless liquidity

• @Parcl website hacked by wallet drainer

• @rise_chain Pevm: Parallel EVM for Reth

• @KaiaChain Mainnet Launch 29 Aug

• @0xoogabooga is live on bArtio

• @Seif_Wallet on SEI compromised

• @ash_perp exploited due to oracle error now fixed

• @Infinit_Labs Introducing INFINIT: The DeFi Abstraction Layer

• @UXDProtocol shutting down

• @gm_dot_ai Introducing @gmdotfun

Threads 🧵 

• Thesis on low-float tokens outperforming - @RaoulGMI

• Interview with a PumpFun rugger - @NFTNate_

• Aave thesis - @Arthur_0x

• Bull/Bear case for ETH - @Flip_Research

• Thesis on $NEAR - @dim_ss

Launches 🚀 

• @avax Agora launches AUSD on Avalanche

• $ynLSDe is here

• @JirasanOfficial - Jirasan Mint is Live 

• @azuroprotocol stAZUR is now live

Fundraise 💰

• zkME, a decentralized identity startup, closed $4M seed round to build its ZK network

• Ethereum L2 Corn launches with $6.7M in seed funding, integrates Bitcoin-backed gas

• Paradigm leads $7.5M seed round for Sorella Labs that aims to solve Ethereum’s MEV problem

• DIN (Previously Web3Go) raised $4M in the latest pre-listing round, bringing total funding to $8M

• GenLayer closed a $7.5M seed round led by North Island Ventures

• Gate Ventures partners with Abu Dhabi Blockchain Center for $100M Web3 fund

Videos 🎥

• @Cryptocito - Babylon Mainnet Launch Next Week! | Cryptocito | Cosmos Crypto Airdrops

• @BanklessHQ - Trump vs. Kamala for the Future of Crypto

That's a wrap for today!

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