Trump endorses ‘The DeFiant Ones,’ Harris Signals Crypto Friendly Approach, & Major Avalanche Moves!

GM anon ☕🐺

In today’s Alpha Bytes👇

Donald Trump endorses crypto project ‘The DeFiant Ones’ spearheaded by two of his sons. Kamala Harris signals interest in friendlier stance on crypto while Trump extends lead over Harris on Polymarket despite polls. Grayscale unveils investment trust for Avalanche’s AVAX token and Franklin Templeton launches tokenized money market fund BENJI on the Avalanche network. 

BTC $61, 039 (+0.30%), ETH $2, 668 (+1.50%), SOL $145.09 (+1.47%)

Crypto News 📰 

• Justin Sun’s USDD Stablecoin loses Bitcoin backing

• Crypto law firm loses appeal to force SEC’s hand on Ether classification

• Russia plans to launch 2 crypto exchanges & BRICS Stablecoin

• Former congressional candidate with FTX ties Michelle Bond charged with unlawful campaign contributions

• Vitalik Buterin says Ethereum’s fundamentals have become ‘crazy strong’

• Crypto OTC desks now hold over $22B in Bitcoin: CryptoQuant

• Tron founder Justin Sun predicts $4B revenue boost with meme strategy

• Nearly half of all Corporate Election spending in 2024 cycle comes from crypto companies

• Spot Bitcoin ETFs see $65M in net inflows, extending streak of positive flows to six days

• China extradites $14B crypto pyramid scheme mastermind from Thailand

• Australia's securities regulator wins case against Kraken's local operator

• ETH Dencun upgrade attracts more L2 bots and failed txs: Galaxy Research

• Sony group teases launch of Ethereum Layer-2 blockchain with Startale Labs 

• Crypto, AI Heavyweights backed Elon Musk’s Twitter takeover

• SEC pushes back against Hex founder Richard Heart’s efforts to dismiss case

• Coinbase to support Polygon token upgrade from MATIC to POL

• Worldcoin under fire in Colombia over potential data protection lapses

• CluCoin Founder pleads guilty to stealing $1.1M of investor funds for online gambling

• Antpool mines consecutive Bitcoin blocks, earns nearly $2M amid Babylon staking surge

• OmegaPro co-founder arrested in Turkey on suspicion of $4B Ponzi scheme

• Memecoin Frenzy reaches Tron as Justin Sun-backed SunPump rakes in big bucks

• India gears up for sweeping crypto regulations with new consultation paper

• Fed chair Jerome Powell expected to set stage for September rate cut

• Binance founder CZ isn’t free—but he is in an LA Halfway House

Airdrops🪂 

• @StoryProtocol - @DeRonin_

Project Updates 🔥 

• @SynFuturesDefi Meme Perp Carnival

• @paraswap announces the integration of @MakerDAO Lite Peg Stability Module (PSM) in preparation for their Endgame launch

• @MagicEden announces @MeFndn & $ME token

• @Anchorage Digital introduces stablecoin rewards on @PayPal’s PYUSD

• @conduitxyz introduces Conduit Marketplace!

• @puffer_finance - New Pufferfish roadmap just dropped!

• @babylonlabs_io - Self-custodial Bitcoin staking is LIVE!. 

• @NEARProtocol - Nightshade 2.0 Launches on NEAR Mainnet, Introducing Stateless Validation and Greater Scalability

• @BNBChain announces @Four_Meme_'s Points Summer Season 1

• @HypurrScan - Introducing Hypurrscan: An HyperLiquid L1 Explorer

• @SynFuturesDefi - Borderless Summit 

• @noahdummett updates on @shufflecom staking & lottery

• @Traderjoe_xyz shares future products

Threads 🧵 

• Story Protocol vs Berachain/Monad - @storysylee

• Landscape Overview: ETH Restaking & EigenLayer Case Study - @FTI_DA

• MegaETH vs Monad - @joaomendoncaaaa

• The Liquidity Layer of Solana: Kamino - @alpha_pls

• Scroll vs Movement Labs - @toghrulmaharram

• In today's In-depth Alpha - @0xelonmoney

Launches 🚀 

• @SimonsCatMeme - Simon's Cat official token $CAT is live and now trading

• @BuildOnViction - Viction DA Network mainnet is LIVE!

• @swellnetworkio - swBTC has landed on Swell L2!

Fundraise 💰

• Bitcoin restaking platform SatLayer raises $8M in pre-seed funding

• Web3 oracle provider Stork Network raises $4M in seed funding

• Zellic acquires Paradigm-backed smart contract audit platform Code4rena

• Fantasy Fanton (GameFi) raises $1M Seed led by Delphi Ventures, Animoca Brands, & Kenetic Capital

Videos 🎥

• @theBlockcrunch - Why Investors Are Not Funding Apps

• @blockworksres - The Modular Thesis Is Dead 

That's a wrap for today!

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