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  • ‘Tampon’ Bet Pays Off Post-Trump Musk Interview, Three Arrows Capital Targets Terraform, & Is Harris Behind Bitcoin’s Price Dip?

‘Tampon’ Bet Pays Off Post-Trump Musk Interview, Three Arrows Capital Targets Terraform, & Is Harris Behind Bitcoin’s Price Dip?

M6 Labs Alpha Bytes 🚨: 13th August

Author

M6 Labs
August 13, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

"Tampon" bet on Polymarket wins, after Trump mentions the word in X Spaces interview with Elon Musk. Cuban, Scaramucci, and lawmakers confirmed for Crypto4Harris town hall. Meanwhile, Three Arrows Capital liquidators now sue Terraform Labs for $1.3B. Bitcoin price slump tied to rise of Kamala Harris over Trump.

BTC $59, 207 (+0.82%), ETH $2, 654 (+3.12%), SOL $146.55 (+0.87%)

Crypto News 📰 

  • Marathon Digital plans $250M private note sale to fund Bitcoin buying

  • El Salvador announces $1.6B investment that will kickstart ‘Bitcoin City.’

  • Betting marketplace Polymarket and AI search engine Perplexity partner on info-sharing deal

  • Japan’s Metaplanet buys $3.3M more in bitcoin, raising holdings to 303 BTC

  • Spot Ethereum ETFs see $4.9M in inflows, Grayscale’s ETHE ends 14-day outflow streak

  • PayPal’s PYUSD stablecoin on Solana surpasses its supply on Ethereum

  • SEC charges NovaTech with allegedly operating a pyramid scheme that raised $650M in crypto

  • Singapore’s biggest bank DBS rolls out blockchain-powered ‘treasury tokens’ pilot

  • Ether beats CD20 as ETH ETFs post positive inflows, DEX tokens rise

  • Bitcoin Bandits swipe $700k in apparent targeted attack in Costa Rica

  • Bitcoin miner Bitdeer’s stock slips 3.5% after reporting net loss in Q2

  • SEC sends letters to VC funds including A16Z, Union Square Ventures over Uniswap

  • Patent at crux of MakerDAO lawsuit purchased, ending crypto tech dispute

  • Solana DEX trading volume falls as Ethereum and Base see increased activity

  • Memecoins and Layer 1s lead relief rally after market sell-off

  • Bitcoin Miner Argo repays $35M bailout loan from Galaxy Digital

  • Uniswap’s cumulative front-end revenue surpasses $50M

  • Yescoin creators discuss token airdrop and aspirations to maximize crypto game’s full potential

  • Polymarket’s open interest falls off a cliff

  • German state-owned development bank prepares for Tokenized Bond Issuance

  • Coinbase opposes SEC proposal to redefine exchanges to include DEXs

  • Optimism is developing a native interoperability system for Layer 2 chains

  • Binance will start converting Monero to USDC on September 2 as part of delisting

  • Democratic voters’ crypto ownership is likely to grow over the next year: Paradigm poll

  • Binance says Venezuela platform is being hit by access restrictions

  • Ethereum ICO whale continues $154M month-long ether deposit spree to OKX

  • XRP bullish options' popularity jump tied to ETF speculation

  • Euler allocates $4M for v2 protocol security, conducts 29 audits

  • Power Law predicts Bitcoin block rewards to hit $5.5M within 10 years

  • Bitcoin and Crypto go unmentioned during Trump-Musk X Space

  • DeFi ‘dominance’ hits a three-year low and Defi Hacks remain a major threat despite 50% decline in 2023

  • Binance exec in Nigerian prison is ‘almost bedridden’

  • Crypto Startups get $2.7B funding in second quarter

  • Thailand launches regulatory sandbox for crypto innovation

Airdrops🪂 

Project Updates 🔥 

Threads 🧵 

Launches 🚀 

Fundraise 💰

  • Ion Protocol raises $4.8M to unlock native yield on rollups and appchains

  • Turingbitchain completed its first round of institutional financing, with participation from zc capital & Stratified Capital

Videos 🎥

That's a wrap for today!

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