This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Friendtech team renounces their contracts on Base. Frontend still works but it seems like the team have decided to stop all work on the app as we know it. My guess is that they are continuing to work on Friendchain, but no confirmation as of yet.

New Listings

$GRASS listed on Aevo pre-market 

$NEIROETH listed on Binance futures 

$BSW listed on Binance futures 

$QUICK listed on Binance futures 

$JTO, $ETHFI listed on Bithumb spot 

$POL listed on Bybit futures 

ZKsync ($ZK) added to Coinbase roadmap 

Polygon Ecosystem Token ($POL) listed on Coinbase spot

CATI ($Catizen) listed on OKX spot

$BIGTIME listed on Upbit spot 

DeFi

Trump-backed defi project, World Liberty Financial, clarifies they're working with Aave and are not "just another hostile fork”

TRUMP-BACKED DEFI PROJECT TO BE BUILT ON ETHEREUM AND AAVE — db

Eigen Foundation announces EIGEN Season 2 Stakedrop, claims to go live on or before September 17, 2024

Clusters.xyz announces 1-click clusters, enabling one universal name across multiple chains and ecosystems

Grass.io airdrop checker live 

Polymarket election market manipulated to push Trump odds down 

Woo X launches social trading features, including a countertrade option

DefiLlama launches Llama Feed 

Celestia reveals community roadmap

L1, L2, & Infrastructure

Japan megabanks to tap blockchain and SWIFT for instant trade payments 

Binance to add support for fixed rate loans 

Telegram chats (even private ones) are no longer private

ETH’s year-to-date performance is currently in the negative

Tron, Tether and TRM Labs start financial crime fighting force

Scaling Base

Avalanche 9000 upgrade

Bitcoin/ETH ETFs

Bitcoin spot ETFs saw a $706M net outflow, with no inflows across all 12 ETFs

Ethereum Spot ETFs saw a $91M net outflow, led by $111M withdrawals from Grayscale's ETHE

VanEck announced today that it plans to close and liquidate its Ethereum futures ETF (EFUT)

Rules & Regulations

SEC CHARGES CRYPTO-FOCUSED ADVISORY FIRM GALOIS CAPITAL FOR CUSTODY FAILURES — db

CFTC Issues Order Against Uniswap Labs for Offering Illegal Digital Asset Derivatives Trading

The order requires Uniswap Labs to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA), as charged

Kamala Harris campaign confirms they are not directly accepting crypto donations, despite claims 

Durov comments on recent events 

Ripple co-founder one of Kamala Harris' corporate endorsers, despite SEC troubles 

TRUMP HUSH MONEY SENTENCING DELAYED UNTIL AFTER ELECTION 

Rugs & Exploitations

DAI Security PSA for wallet providers, block explorers, and users

Penpie exploited for $27M and Pendle is not affected

Reads & Tools

How to break into Web3 — Bobby Ong

Token2049 Food Guide — Fisher8Intern

North Korea targeting crypto ETF companies and employees — FBI

An NFT lender just got hit with a huge batch of defaults for a ~$500,000 loss on 53 Chromie Squiggles and 343 Friendship Bracelets

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Survive Septembear!

What is your September game plan? Historically, September has been the worst month for crypto. On the bright side, Q4 has consistently been the best period for crypto!

New Listings

$CHESS listed on Binance futures 

$FLUX listed on Binance futures

$CHESS listed on Bybit futures 

Swell Network ($SWELL) listed on Bybit pre-market 

BounceBit ($BB), Conflux ($CFX), Neo ($NEO) listed on Coinbase International futures

HMSTR ($Hamster Kombat) listed on OKX spot 

$POPCAT listed on OKX futures 

DeFi

MapleStory Universe releases NXPC tokencomics 

MakerDAO rebrands to Sky, the new USDS and SKY governance token will be available on Sep. 18 

Binance to launch its own Solana LST, $BNSOL, via Sanctum ($CLOUD) 

Bybit to also launch its own Solana LST, $BBSOL, via Sanctum ($CLOUD) 

Ethena Season 3 Updates

Hyperliquid Weekly Wrap-Up #7 via hypurr_co

Canto telegram channel deleted, price down -40%, $NOTE depegged to $0.53 (now at $0.99)

Sky and Aave launch "Sky Aave Force". The first proposals seek to onboard USDS and sUSDS onto Aave v3 

Canto Update

Pumpdotfun is the fastest growing application by revenue in the history of the cryptoeconomy

L1, L2, & Infrastructure

Telegram holds $400M worth of cryptocurrency on its balance sheet — FT

Nectar AI raises $3.9m seed round, led by Mechanism Capital and Karatage 

Solana ID breakdown

There are now over 13M monthly active addresses on @base

101 on MegaETH

Ethereum onchain activity reaching new highs while fees are down 90%

Bitcoin/ETH ETFs

BTC ETFs experience 4-day streak of net outflows for the week

ETH ETFs end August with zero trading activity

The ETH ETF flows chart is functionally 0

Rules & Regulations

OPENSEA RECEIVES WELLS NOTICE FROM SEC: CEO

Full thread — Devin Finzer, CEO of Opensea

TELEGRAM CEO PAVEL DUROV FORMALLY INDICTED BY FRENCH JUDGE — db

TELEGRAM'S DUROV PLACED ON SUPERVISED RELEASE, MUST NOT LEAVE FRANCE — db

SEC warns FTX against paying creditors back in stablecoins and other crypto — The Block

Rugs & Exploitations

PSA: MakerDAO's new Twitter/X handle is 'SkyEcosystem'

North Korea used now patched Chrome zero-day in August to steal crypto — Microsoft

Reads & Tools

Vitalik’s salary is 182,000 SGD a year 

The vibes today — bold

President Donald J. Trump has just tweeted about World Liberty Financial

Vitalik labeled address has transferred 800 $ETH (worth ~$2m) to GnosisSafeProxy

"I haven't sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the ethereum ecosystem or broader charity (eg. biomedical R&D)" — Vitalik

From mining Bitcoin in his bedroom to a top performing fund in Q1'24: Pratik Kala — Artemis

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Pavel Durov Arrest and Its Implications for Crypt0

• Telegram founder Pavel Durov was detained in Paris, facing charges such as money laundering, aiding terrorism, and involvement with child exploitation content.

• Authorities are concerned about Telegram's encrypted messaging being used by criminals, and Durov’s refusal to cooperate has led to increased scrutiny.

• Durov's arrest raises concerns about government overreach impacting secure communications.

• Toncoin $TON fell 20% after the arrest. The arrest brings uncertainty to the future of TON and raises concerns about the regulatory environment surrounding crypto projects associated with major tech platforms.

• Vitalik Buterin expressed concern over the future of communication freedom, essential for blockchain and crypto growth with protests demanding Durov’s release.

New Listings

$BRETT listed on Binance futures 

$POPCAT, $SUN listed on Binance futures 

$SUNDOG listed on Bybit futures 

Neiro ($NEIRO) listed on Bybit spot 

DOGS listed on Bybit spot

$BRETT, $PEPE listed on Upbit spot 

$DOGS listed on Aevo pre-market 

Render ($RENDER), Saga ($SAGA), Threshold ($T) listed on Coinbase International future

POL listed on Coinbase spot 

$DOGS listed on OKX futures 

DeFi

Clearpool ($CPOOL) launches Ozean, an RWA-focused Layer 2 blockchain within the Optimism ecosystem

Binance Labs invests in Corn, a super yield network built around Bitcoin

Tether plans to launch a UAE dirham-pegged stablecoin

Story Protocol announces $140m in total fundraising

Kamala Harris to “back measures to help grow” Bitcoin and digital assets in the USA - policy adviser — BBG

Aave becomes the first lending protocol to surpass $200M market size and $100M TVL on Base — lemiscate

 Bored Ape Yacht Club announces collaboration with BAPE

$ME token claim will be coming to the @MagicEdenWallet

Is LDO even profitable right now?

Hyperliquid now represents 40% of all USDC on Arbitrum

L1, L2, & Infrastructure

Nillion announces integration with Arbitrum

Grayscale announces new single-asset crypto investment fund —  Grayscale Avalanche Trust, available through private placement

Franklin Templeton Launches Tokenized Money Market Fund BENJI on the Avalanche Network 

Blockworks Solana Dashboard 

Optimism welcome Soneium to the Superchain built by Sony

PayPal's PYUSD stablecoin recently surpassed a $1 billion market cap

Berachain’s testnet had 2.7 million transactions

Bitcoin/ETH ETFs

Ethereum ETFs Struggle Amidst $506M Bitcoin ETF Inflows: Can ETH Match BTC's Momentum soon?

SEC talks with ETF issuers over concerns of Solana being a security preceded Cboe removing 19b-4s: THEBLOCK

Solana ETF 19b-4s were removed last week after the SEC raised concerns to the issuers that SOL is a security — The Block

Rules & Regulations

Powell says confidence in 2% inflation path has increased, time has come to adjust policy, does not seek further cooling of the labor market — Jackson Hole

SEC Charges Abra with Unregistered Offers and Sales of Crypto Asset Securities

Telegram Founder & CEO Pavel Durov arrested in France

Cryptocurrency exchange Kraken must face an SEC lawsuit accusing it of operating an unregistered securities exchange, a judge ruled

Reads & Tools

Before Binance announced the launch of the BRETT future listing, an early BRETT holder: 0x85…528e transferred 19.29 million BRETTs to Bybit at 15:59 UTC+8, worth about $1.71 million. It spent 0.067 ETH (about $178) on February 24 to purchase 96.946m BRETTs, and sold them in the past few months, earning tens of thousands of times the profit

MtGox: 13,264.844488 BTC ($784M) on the move on Aug 20

Signum Newsletter 9 

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

New Listings

$SYN listed on Binance futures 

$G, $RARE listed on Binance futures 

$NEIRO listed on Bybit futures

Orderly Network ($ORDER) listed on Bybit pre-market

Cosmos ($ATOM), dYdX ($DYDX), MANTRA ($OM) listed on Coinbase International futures 

Aethir ($ATH) listed on Bithumb spot, Upbit spot 

ARKM, PIXEL, BOME listed on OKX spot 

DeFi

Binance Labs announces investment in Sahara AI 

Eigenlayer announces Permissionless Token Support, which enables any ERC-20 token to be added as a restakable asset

INFINIT: The DeFi Abstraction Layer 

Drift Protocol introduces BET, a prediction market on Solana 

Introducing TON Nest: program for early builders

Introducing FBTC by Mantle

Renzo Protocol is launching $ezSOL, Solana’s first LRT on the Jito Network

L1, L2, & Infrastructure

Coinbase tease possible wrapped Bitcoin product, cbBTC, following wBTC worries

MetaMask partners with Mastercard to introduce a debit card, allowing users to spend directly from their self-custody wallets. The card will work with Apple Pay and Google Wallet and is currently available in the UK and EU via a pilot program

Offchain Labs launches venture & incubator arm: Tandem

Swell introduces swBTC

Lido Goes to BNB Chain

Bitcoin/ETH ETFs

Significant Outflows in GBTC as BTC Returns to $60K Amid Mixed ETF Market Activity

ETHE Outflows Drag Down Overall ETH ETF Performance

Goldman Sachs reports $418 million in spot bitcoin ETF holdings as of June 30 - The Block

Questions raised about possible Solana ETF withdrawal after original applications disappear from databases — SummersThings

Rules & Regulations

Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg - CoinDesk

Binance Restarts India Business After Getting Local Registration: BBG

Rugs & Exploitations

$1.3M treasury theft uncovers North Korean IT Worker network infiltrating over 25 projects — zachxbt

A suspicious transfer was made from a potential victim for 4064 BTC ($238M)

Sahara AI Discord compromised — SaharaLabsAI

Reads & Tools

With gas prices dropping below 1 gwei recently, Etherscan adds 3 decimal points to the Gas Tracker ⛽️ for better accuracy - etherscan

Cantor Fitzgerald CEO, a Bitcoin Nashville speaker, to co-lead Trump presidential transition team — BBG

Eth gas taps sub-1 gwei base price for 7th night in a row — Onchain

Polymarket lead for Harris over Trump drops sharply from 10% to 1% — Polymarket

How to nuke $9B - on the controversy of Bitgo partnering with Justin Sun for WBTC control

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

🇺🇸 Elon Musk's X space with Donald Trump 

New Listings

$IO listed on Bithumb spot 

$USDE listed on Bybit futures 

Gravity ($G) listed on Coinbase spot

DeFi

The Arbitrum Foundation And Sequence Are Collaborating With Ubisoft Labs On The Web3 Game Captain Laserhawk: VentureBeat

Y2K rebrands to Fractality, to launch on Arbitrum and Hyperliquid L1

New Trump project likely to be real estate tokensation project — Dogetoshi

Pump.fun to make coin creation completely free

Ripple begins beta testing for its new stablecoin, RLUSD, on Ethereum 

deBridge announces token ($DBR)

Polymarket partners with San Franciso AI firm Perplexity to integrate AI into the platform — Techcrunch

Introducing the Hyperlane Foundation

Hyperliquid Ecosystem updates

L1, L2, & Infrastructure

CEO of Starknet steps down

Tether set to expand workforce to 200 employees by mid-2025 — The Block

Tether says most of its billions in recent profits are slotted for use in their venture investment arm — Wired

NEAR Pushes 'Signatures' on Mainnet

Bitcoin/ETH ETFs

Ether and Bitcoin ETFs see continued outflows, led by Grayscale

Brazil’s Securities Regulator Approves Solana ETF

Rules & Regulations

The latest Supreme Court decision delaying Do Kwon’s extradition marks development number 20 in this legal journey — Protos

SEC has subpoenad three crypto VC's this year, is conducting investigation into token deals — DL News

Celsius Files Lawsuit Against Tether, Demands Restitution of $2.4b Worth of BTC. Tether Vows To Defend Itself Against The Litigation, Calling It A "Shake Down"

BoJ to not hike interest rates during market instability

Rugs & Exploitations

Ronin Bridge hacked (frontrunned by MEV bot) and bridge is now paused

AnubisDAO rugger returns after three years, only to deploy token in a possible attempt to rug again — Etherscan

Reads & Tools

2,880 ETH (~$7m) of the dormant 789,433 ETH (~$2b) was moved. These ETH were seized by Chinese police when they cracked down on the PlusToken Ponzi scheme.

Token2049 Week Events

Harris continues gains against Trump, her odds now 5% higher than Trump on Polymarket — Polymarket

New Trump tweet just dropped

The Race to Dominate Stablecoins

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Market Shock: How Japan's Rate Hike Crashed Global Markets

Japan's sudden interest rate hike to 0.25% has caused a major sell-off in global markets, disrupting the "JPY carry trade". This strategy involves borrowing yen at low rates, converting them to USD, and investing in US stocks.

Here's how it works:

1. Borrow Yen at Low Rates: Traders borrow Japanese yen at very low-interest rates.

2. Convert to USD and Invest: They convert the yen to USD and buy US stocks.

3. Interest Rate Hike: The Bank of Japan raised interest rates, making yen loans more expensive.

4. Yen Strengthens: The yen strengthens against the USD, causing huge forex losses for traders.

Adding to the panic are fears of an escalating Middle East conflict, US political uncertainty, this combination of factors is fueling investor anxiety and market volatility

The VIX opened at 65 yesterday, before closing at 38 to print the largest daily high - daily close ever — an indication of the heightened market volatility we saw yesterday.

We saw similar drawdowns across Asian markets — the Nikkei experienced its biggest one-day drop (since 1987) yesterday before retracing it completely today. Who said only crypto experienced such volatility!

On to our usual updates.

New Listings

Stader ($SD) listed on Coinbase spot 

$LAVA listed on Aevo futures 

$L3 listed on Bybit futures 

cat in a dogs world ($MEW), Memecoin ($MEME), Jasmycoin ($JASMY) listed on Coinbase International futures 

$ONDO listed on OKX futures: Aug 6 at 10:30 UTC 

$PENDLE  listed on Upbit spot

DeFi

Binance Labs announces first batch of projects admitted into Season 7 Incubation

Circle Said to Be Trading Around $5B Valuation Ahead of Planned IPO — Coindesk

Compound drama resolved: "hostile" proposal cancelled in favour of new proposal for a fee sharing mechanism. 30% of existing treasury and 30% of net new protocol revenue to be directed to staked COMP

Lido announces Lido Institutional 

The snapshot of Season 1 for deBridge has been taken

Aave DAO launches Lido-specific market

L1, L2, & Infrastructure

USDT: Tether Releases Q2 2024 Attestation: Reports Record-Breaking $5.2 Billion Profit In First Half Of 2024, Highest Treasury Bill Ownership Ever and Largest Ever Group Consolidated Equity At Almost $12 Billion

DWF Labs announces that it's working on a CeDeFi synthetic stablecoin 

Bitcoin/ETH/SOL ETFs

BTC ETF

ETH ETF

Nate Geraci on SOL ETF chances — Link

BLACKROCK IBIT'S TRADING VOLUME EXCEEDED US$1.5 BILLION IN FIRST HOUR on August 5th

Rules & Regulations

US GOV MOVES $2B IN SILK ROAD COINS — ONCHAIN

SEC MOVES TO AMEND COMPLAINT AGAINST BINANCE, SEEKS TO NO LONGER PROVE TOKENS SUCH AS SOLANA ARE SECURITIES — FILING

FOUNDER OF BITCLOUT CHARGED BY THE SEC — SEC

U.S. Strategic Bitcoin Reserve to be funded partly by revaluing Fed's gold, draft bill shows — Coindesk

FED LEAVES RATES UNCHANGED AT 5.25-5.5%

Bybit to completely close down operations for French users 

THE BLOCK: CFTC subpoenas Ben ‘BitBoy’ Armstrong’s former company in fraud investigation, asks about activity for tokens such as BEN

Rugs & Exploitations

Terra exploited after reverting the upgrade* that patched critical IBC-hooks exploit in April

Reads & Tools

Jump crypto dumping

Trump raises $25M at Bitcoin Conference fundraiser — Eleanor Terrett

Coinbase beats earnings, $1.45B in revenue vs $1.39B — Earnings

Microstrategy to raise another $2B — Press Release

Sahm rule triggered — fejau

Hackers bought the ETH dip

Update: >$1b liquidated in 24hrs on August 4

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Trump Bitcoin Conference speech recap:

• To commute Ross Ulbricht's sentence

• US to become crypto capital of the world

• To reduce energy costs to facilitate Bitcoin mining in the US

• Right to self-custody

• To fire Gary Gensler on day 1 

• Ban creation of CBDC

• Introduce stablecoin framework

• To end Operation Chokepoint 2.0

• To stop selling USG-seized Bitcoin, which will serve as strategic Bitcoin reserve

New Listings

Dymension ($DYM), Maker ($MKR), Aave ($AAVE) listed on Coinbase International futures 

Avail ($AVAIL) listed on Bybit, Bithumb spot

$PIRATE listed on Bybit futures 

$G listed on Bybit futures

Render ($RENDER) listed on Binance futures

$DEGEN, $SLERF listed on OKX spot

Ondo ($ONDO) listed on OKX spot

DeFi

AltLayer announces change in token vesting schedule, introducing a 6-month pause in the linear unlock

DYDX in talks to sell its v3 trading platform 

Wintermute Trading and Selini Capital are among the potential buyers of the dYdX v3 software

Clarification on DYDX sale — WestieCapital

AAVE looks to activate fee switch, to buyback tokens from open market: Marc Zeller

Jito announces Restaking 

Compound (COMP) governance attack summary — Esk3nder

L1, L2, & Infrastructure

MOCA and TON Foundation form a strategic partnership via a token swap 

Chain Abstraction Landscape — ASXN

Bitcoin/ETH ETFs

IBIT Sees Significant Inflow of $758m over the week

All of the ETFs have generated inflows, except Grayscale's ETHE, with over $1.5b in net outflows

CBOE announces spot Ethereum ETFs to begin trading on July 23rd 

IBIT passes QQQ in YTD net flows and could pass Vanguard's Total Stock Market ETF very soon too. — Spencer Hakimian

Expanding Access to Ethereum — Blackrock

Nansen's Public ETH ETF Dashboard — Link

ETH ETFs did $1.08b in total volume on the first day of trading. This is 23% of what BTC ETFs did on their first day

BITSTAMP starts process to return crypto assets to Mt. Gox creditors - The Block Pro

Rules & Regulations

SEC signs off spot Ethereum ETFs for trading on July 23rd

Russian parliament passes bill that allows for cryptocurrency to be used for international trade: RIA

Wyoming Sen. Lummis plans to announce legislation for Strategic Bitcoin Reserve at Nashville conference — Fox Business

SEC Charges Andrew Left and Citron Capital for $20 Million Fraud Scheme 

Kamala Harris gave Bitcoin conference invitation "serious consideration", according to sources — Fortune

Rugs & Exploitations

Renzo Discord was compromised

DYDX website compromised

Reads & Tools

President Joe Biden has stated he will not run for re-election

Biden did not outlast the Lettuce 

Ferrari to Extend Cryptocurrency Payments to Europe: Reuters - CoinDesk

Michael Novogratz’s Galaxy Raises $113 Million for a New Crypto Venture Fund — Bloomberg

Ledger announces Ledger Flex 

What color bugatti? — PC_PR1NCIPAL

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Hardest picture of all time - @evanvucci

This week we saw a botched assassination attempt on Trump. The markets reacted upwards, pricing in a higher chance of Trump winning. We also saw Trump pick JD Vance as his VP. This epic photo deserves a prize and is undoubtedly one of the shots (no pun intended) of the century — immediately used to great effect to rally the troops by both Republicans and crypto natives alike.

With the regulatory landscape looking increasingly favourable, surely only clear skies ahead now.

New Listings

Blast ($BLAST), LayerZero ($ZRO), ZKsync ($ZK) listed on Coinbase International futures

$ENS listed on Upbit

Moca Network ($Moca Token (MOCA)) added to Bybit launchpool

$GAL (Galaxy) listed on Upbit

Curve DAO ($CRV), Ethereum Name Service ($ENS), Constitution DAO ($PEOPLE) listed on Coinbase International futures

$AERO listed on Bybit futures

DeFi

TON Blockchain to launch new L2 powered by Polygon's CDK — CoinDesk

Forgotten Runes announces migration to Ronin Network 

Coinbase Unveils Web App To Track Personal Onchain Wallets — Coindesk

Polyhedra Network announces a new Layer-1 blockchain "built for joint computing enabled by zero-knowledge (ZK)"

BlackRock Plans to Apply To MakerDAO's $1B Tokenized Treasury Investment Plan: Coindesk

Drift launches Drift Earn 

A few governance highlights around Ethena

L1, L2, & Infrastructure

PayPal’s stablecoin surpasses $500 million market cap following Solana expansion - The Block

Rome raises $9m in funding in a round led by Hack VC and Portal Ventures, among others

Jump Crypto would often ask for over 5% of token supplies in exchange for market making a token, according to sources — Fortune

Crypto friendly JD Vance picked as Trumps VP — Truth Social

Bitcoin/ETH ETFs

Bitcoin ETFs with $1b Net Inflows for the week whilst the German government finishes selling

Grayscale announced that it has set a record date of July 18 for the initial creation & distribution of shares of Grayscale Ethereum Mini Trust to shareholders of ETHE

List of ETF filings on 08 Jul 2024

Bloomberg analyst predicts $3-4B in flows for upcoming spot Ethereum ETF in first 6 months: James Seyffart

Ethereum ETF issuers waiting for final details on filings from SEC, according to sources — The Block

Ethereum has been a top-performing asset 4 out of the last 8 years — VanEck

BlackRock assets now at $10.6T, a new all-time world record after $600b in growth alone this year. That's more than Fidelity, CapGroup, Invesco, and Franklin Templeton combined. — EricBalchunas

Ethereum spot ETF's to launch Tuesday 23rd — Eric Balchunas

Rules & Regulations

GM (guten morgen), GERMAN Government runs out Bitcoin in wallets — ARKHAM

DONALD TRUMP TO SPEAK AT BITCOIN 2024 CONFERENCE — db

Terraform Labs to sell 4 companies as part of wind-down — CoinDesk

SEC drops investigation into PAXOS, decided BUSD not a security — FORTUNE

US House fails to override Pres. Biden’s veto of bill rescinding SAB 121

SEC drops three-year investigation into Stacks (STX) with no action 

GERMAN Goverment runs out Bitcoin in wallets — ARKHAM

South Korea’s ruling party proposes to delay crypto tax to 2028. Tax on crypto gains is currently exempted until January 2025

Rugs & Exploitations

Community Alert: Compound Finance website seems to potentially be hijacked do not visit the site for the time being

 DNS attack ongoing affecting Squarespace's domain registrar

1590 Coinstats wallets hacked for $2.2M 

The Ethena Discord server was compromised

Reads & Tools

ON A TANGENT EP: 1

Search for bookmarks on X (Twitter) now live on iOS and web

Electric Capital: Crypto Market Map

Alliance DAO: Crypto Industry Trends H1 2024 — QwQiao

U.S. CPI: +3% (EST. +3.1%), U.S. CORE CPI: +3.3% (EST. +3.4%) Y-O-Y

Justin Sun owned company, Valkyrie Investments, sells its private trust business to Abra - after also selling its ETF business — BBG

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Airdrop Alpha

1) Debank launches XP Program. Snapshot taken on July 4th for initial XP drop

Claim your XP here.

2) ether.fi Season 2 checker is live

New Listings

Particle ($PTC) listed on Bybit spot

Well ($WELL) listed on Bybit spot

Jupiter($JUP) listed on Upbit spot

Data Ownership Protocol ($DOP1) listed on Bybit spot

Xraders ($XR) listed on OKX spot: Jul 11 at 08:00 UTC

Hamster Kombat ($HMSTR) listed on Bybit pre-market

DeFi

Aptos Foundation proposes deploying Aave V3 on Aptos. This would be the first Aave deployment on a non-EVM chain.  — The Block

Chromia mainnet launch set for July 16th — The Block

Jupiter launches ape.jup.ag

Rabby sneakily introduces a 0.25% swap fee

Notcoin partners with Helika Gaming to launch a $50m Telegram Gaming Accelerator 

PHPC, a stablecoin approved by the central bank of the Philippines, is now live on Ronin Network

L1, L2, & Infrastructure

Circle announcement at 5PM CET — jerallaire

Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules — CoinDesk

Full Circle Announcement  — jerallaire

Peter Thiel's Founders Fund Leads $85M Seed Investment Into Open-Source AI Platform Sentient. The platform will be built on Polygon. — CoinDesk

Mantra to Tokenize $500M Real Estate Assets for UAE Builder MAG Group — CoinDesk

The $16 Trillion Opportunity: MANTRA's Vision for RWA Tokenization — Blockcrunch

Bitcoin/ETH ETFs

Bitcoin ETFs See $238.4m inflows despite market volatility led by Fidelity’s FBTC

Vaneck files updated S-1 for spot Ethereum ETF: Filing

Rules & Regulations

Paxos Gains Singapore Approval for Stablecoin Issuance With DBS Providing Custody - CoinDesk

GM (guten morgen), the German Government moves 1k BTC ($55.8m) — Arkham

MtGox has started repayments

MtGox: 47,228 BTC ($2.7b) on the move to a fresh wallet

Celsius Network filed lawsuits against users in New York courts to clawback funds withdrawn 90 days before they declared bankruptcy 

The #German government transferred 9,634 $BTC($551M) to #Kraken, #FlowTraders, #Coinbase, #Bitstamp, #Cumberland, and #B2C2Group today, Jul 8

Rugs & Exploitations

 TAO wallets/validators hacked. The chain is now in safe mode: all transactions including transfers are now paused. — Bittensor Discord

Bittensor (TAO) Hack Post-mortem

Reads & Tools

Solana Liquid Staking Q2 Report — tomwanhh

Justin Sun says he is "willing to negotiate with the German government to purchase all BTC off-market

Happy 4th July — Blocmates

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Airdrop Alpha

BLAST airdrop and TGE

• Airdrop & Spot Listing time:

10AM EST / 2PM UTC / 10PM HKT / 4PM CET 

Airdrop claim link: https://airdrop.blast.io/

• Tokenomics:

- 50% Community (17% airdrop, rest vesting 3 years for other campaigns)

- 25.5% team, 1y cliff + 3y vesting

- 16.5% investors, 1y cliff + 3y vesting

- 8% foundation, 4y vesting

DeFi

Aevo to conduct buybacks of at least 1M AEVO a month from July until December 2024

Introducing TON Dating

$ZEX Claim is Live!

Frame acquired by Igloo, the parent company of Pudgy Penguins

Introducing $pzETH, Renzo’s flagship LRT on Symbiotic

$cmMETH and $COOK are coming

L1, L2, & Infrastructure

Solana introducing Blinks and the Actions Stack

Blast Q2 2024 Report

MegaETH raises $20m seed round led by Dragonfly 

Bitcoin/ETH/SOL ETFs

Bitcoin Spot ETF Sees Weekly Outflows and Record Low Weekend Trading Volume

FILING: VANECK SOLANA TRUST

Why VanEck filed for a SOL ETF? - @matthew_sigel

*21SHARES FILES S-1 FOR SOLANA ETF: BBG — via Tree News

Rules & Regulations

US Government sends approx. 4,000 BTC to Coinbase a day after getting approval to sell by Judge: Filing

Coinbase announces lawsuits against SEC, FDIC in Freedom of Information Act dispute — Blockworks

SEC sues Consensys over Metamask staking service, alleges Lido and Rocketpool staking programs are securities — db

SEC lawsuit against Binance to continue, Judge mostly denies all motions to dismiss: Filing

Rugs & Exploitations

Turkish exchange BtcTurk hacked $5.3M

Reads & Tools

Grayscale Research Top 20 "High Potential" assets for Q3 2024

Sony enters crypto market by acquiring Japanese exchange: WuBlockchain

Potential Solutions to Crypto's Vesting Problem

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

Blockcrunch VIP is a premium research newsletter on the most important crypto projects and trends, prepared by top crypto analysts twice a month. Subscribe to Blockcrunch VIP to receive in-depth project analysis from our research team - all for the price of a coffee ☕ a day.

Imagine a digital asset born out of internet culture, fueled by cult-like community enthusiasm and challenging traditional notions of value. Memecoins have captured the attention of specu-ahem, investors worldwide — from the retail newbie logging on to Coinbase for the first time, to hedge funds positioning themselves to capitalize on their influential and mindshare-permeating nature.

While memes offer a distinctive combination of cultural relevance and humor, memecoins add a speculative dimension to the mix.

One of the earliest memecoins to go viral was Dogecoin (DOGE). Based on the already popular meme of the same name, DOGE rocketed to just under $90 billion in market cap during the 2021 bull run. To put this in perspective, a well-established company like FedEx is currently trading at a market cap of approximately $63 billion, highlighting the staggering amount of speculative interest Dogecoin garnered from investors.

Today, memes and memecoins run almost parallel, with countless memecoins launching as soon as a new meme is created, resulting in near-instant tokenization of the attention economy and an avenue for traders to speculate on the virality of each meme. This has been made possible as gas fees on blockchains like Solana have decreased and the ease of launching tokens have increased via the development of no-code token deployers.

Is this the start of the “Memecoin Supercycle”?

The combined market cap of 14 popular memecoins as illustrated by memecoinrace.xyz as of the time of writing sits at just $57 billion — a far cry from Dogecoin’s peak market cap of $88 billion. With BTC reaching all time highs, surely memecoins make a comeback?

Are memecoins just a fleeting trend, or do they represent a new asset class as part of the future of finance? Let's find out.

Disclosure: The author holds positions in tokens that are mentioned in this article.

Read more

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Airdrop Alpha

1) LayerZero claim live: 

2) pSTAKE’s Bitcoin Liquid Staking v1 testnet on Babylon now live

1. The scope of the testnet: sBTC deposits and withdrawals with Cobo (institutional custody) in the background.

2. $PSTAKE points program will be unveiled at mainnet launch — This testnet participation will give users extra boosted points at mainnet (bigger airdrop in the future).

3. The testnet is semi-public and requires invite codes to access.

Staking Link: 

https://app.btc-testnet.pstake.finance/

Use invite code: "ian"

DYOR Links:

X | Website

3) Claims for Phase 2 of EigenLayer are going live on June 19th

• Snapshot for Phase 2 was taken on March 15, 2024 01:11:35 UTC. 

• Complex protocols (including Pendle) were included in Phase 2.

• ether.fi stakers who were eligible as of the March 15 snapshot will be allocated a portion of 3.12m EIGEN tokens. 

• Eigen points ratio for ether.fi users is the same for both Phase 1 and Phase 2

Claim Link: https://claims.eigenfoundation.org/

*1% of the EIGEN allocation has been put aside for any users who received an incorrect claim amount

**claims form: https://forms.gle/AAAoFZLTyAJiiK8X9

Source: Etherfi Discord

New Listings

$ZRO listed on Binance, Bybit, Bithumb, Upbit,

$POPCAT listed on Bybit

$BLAST will be listed on Upbit on 26 June 2024 at 23:00 KST

DeFi

Ronin Network announces next step in scaling the network: L2 zkEVMs powered by Polygon CDK

Drift partners with Ondo to enable RWA as collateral for trading. To start, users will be able to deposit and borrow USDY on Drift. USDY is a stablecoin backed by short term US treasuries and generates ~5.3% APY

Binance Labs invests in Rango Exchange

LayerZero Tokenomics

L1, L2, & Infrastructure

Light Protocol and Helius announce ZK Compression on Solana 

Bitcoin/ETH ETFs

Bitcoin ETFs Suffer $544m Outflow as Bitcoin Fell Below $64K

Hashdex files 19b-4 for combined spot BTC & ETH ETF — NateGeraci

Rugs & Exploitations

Enforcement Division of the SEC has closed its investigation into Ethereum 2.0 — Consensys

Reads & Tools

Mt. Gox Trustee says will start Bitcoin, Bitcoin Cash repayments: BBG

Mt. Gox To Distribute Bitcoin, Bitcoin Cash Repayments Starting Beginning Of July 2024 

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

Blockcrunch VIP is a premium research newsletter on the most important crypto projects and trends, prepared by top crypto analysts (like yours truly) twice a month. Only posts by the author will be cross-posted to this blog a month after publishing, so be sure to subscribe to the Blockcrunch newsletter if you want actionable insights in a timely manner!

Disclosure: The author does not currently hold any Pudgy Penguins NFTs or related collections.

Opening scene.

It’s 2024. You walk into a Walmart to do some last minute shopping for your niece’s birthday and you see these cute penguin plushy toys. “These look cute!” you think to yourself, as you grab one and head to the checkout line. On the way there, you check your phone, and your girlfriend has responded to your “gm” text with a cute GIF (pronounced “GIF”, not “JIF”) of a pudgy-looking penguin.

“Wait, this looks familiar,” you say to yourself as you bring the plushy toy you just picked out next to your phone to compare. A jingle starts to play on the LED screen on the wall, catching your attention, “Pudgyyyy, Pudgy Peeeeenguins!” On the screen you see some Fortnight gameplay with the same cute, pudgy penguins being showcased.

End scene.

Did you miss something? When did these darn Pudgy Penguins take over the world?

Despite what the Chinese zodiac might suggest, 2024 is proving to be the year of the Penguin. The Pudgy Penguin collection has achieved the highest cumulative returns since November 2023 among the top five profile picture (PFP) based collections, excluding Bored Ape Yacht Club (BAYC) derivatives like MAYC, according to data from CoinGecko. The returns have soared to over 400%, more than 2.6 times higher than the next top performer, Mad Lads. The Pudgy Penguins are now the third-largest NFT collection by market capitalization, excluding its derivatives, with a floor price of around 20 ETH.

What was the catalyst for this run? Will they continue on to dethrone blue chips Crypto Punks and BAYC? What are they doing that’s different from everyone?

Read on to find out as we dive into this and more in the report.

Read more

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Sorry this got posted late, but here you go!

Airdrop Alpha

ZKsync Airdrop claim live now until Jan 3, 2025:

Layer Zero airdrop/TGE on 20 June 2024

Layer Zero Provisional Sybil List #2

New Listings

$GME (GMEUSDT) perpetual contract listed on Bybit

$ICP (Internet Computer) listed on Bithumb

$ONDO listed on Upbit

$ZK (ZKsync) listed on Binance, Bybit

$MEW perpetual contract listed on Binance

DeFi

Symbiotic, a permissionless restaking protocol, raises $5.8m in a seed round led by Paradigm and cyber Fund. Launch partners include Ethena, LayerZero, Hyperlane, among others

Sushi announces Sushi Labs, a new multi-token strategy, and potential launch of a Sushi appchain

Michael Egorov, founder of Curve, has up to 350M CRV ($90m) at risk of liquidation if price of CRV drops to $0.342. CRV is currently trading at $0.355. — h/t: YouAreMyYield

Michael Egorov and Curve Finance Team to address liquidation risk issue

AO Tokenomics Details

Zapper Protocol announces its token, $ZAP, which will launch in Q4 this year

Sophon farming begins on 18 June 18:00 UTC. $BEAM will be the initial asset used to farm $SOPH

L1, L2, & Infrastructure

ZKsync to airdrop 3.6 billion ZK tokens, 17.5% of total supply — The Block

ZKsync Tokenomics

Team & Investor tokens are on a 1yr cliff + 3 years vesting schedule (June 2025 - June 2028)

Binance Labs invests in Zircuit, an Ethereum L2 network — The Block

Polygon community treasury to distribute 1B POL tokens over 10 years to incentivise ecosystem builders — The Block

What is Symbiotic? — ASXN

Tether announces $aUSD₮, a “tethered asset”to USD, backed by Tether Gold

Bitcoin/ETH ETFs

Bitcoin ETFs See $580M Outflows, Led by Grayscale’s GBTC and Fidelity's FBTC

Gensler sees ETH ETF S1 Approval sometime in summer

S-1 expected to be approved by July 2nd according to BBG Analyst Eric Balchunas: Tweet

Reads & Tools

Terraform agrees to pay nearly $4.5B in proposed judgment with SEC

Paradigm raises $850m for its third fund 

Trump: “I will end Joe Biden’s War on Crypto, and crypto and Bitcoin will be made here in the USA” 

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

New Listings

$MOG listed on Bybit spot

$TAIKO listed on Bybit spot, Upbit

$XAI listed on Bithumb

DeFi

Rabby 📸

DWF Labs to purchase $12,000,000 in FLOKI tokens to support the Floki ecosystem

Watford FC to sell 10% of club as digital equity, including tokens, to investors and fans - The Block

Vitalik chimes in on celeb memecoins

Sanctum announces $CLOUD, its governance token

Binance announces IO.NET (IO) Launchpool 

Winners on Solana: Jito & Sanctum — Ian Unsworth

June 2024 Token Unlocks — Binance Research

Rabby announces Season 2 of points program

New Uniswap widget 

IO.NET ($IO) CEO steps down ahead of its June 11th TGE

L1, L2, & Infrastructure

USDe is now live and integrated on Bybit

Congressional hearing on tokenization and RWA

Rollups performance

Friendtech announces Friendchain, powered by Conduit. FRIEND will be the native gas token

Bitcoin/ETH ETFs

Despite Positive Inflows mainly from IBIT and FBTC, Spot Bitcoin ETFs Fail to Trigger Major Price Surge

Rugs & Exploitations

A TAO holder had $11.2M (28.2K TAO) stolen from them on June 1, 2024.

Prominent vendor used by crypto companies to manage mailing lists might have been compromised. Caution advised when receiving emails from your crypto apps announcing airdrops or token launches. 

Confirmed by Paolo (Tether)

Bobby (CoinGecko)

Important Security Notice: Data Breach Incident on June 5, 2024 — CoinGecko

Reads & Tools

Phantom hiring a reply guy for $120k-$140k/yr

Understanding LRT Utilization — Kairos Research

Katalyzers Spotlight: Joshua Kang — Kaito AI

Roaring Kitty Live Stream - June 7, 2024

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

The last two weeks have been VERY eventful — the ETH ETFs are one step closer to listing, with the 19b-4s approved. As the market waits for the seemingly likely approvals of the S-1s, Celeb memecoins have exploded, narratives surrounding ETH Beta, RWA, and AI, and Memes continue to dominate.

On celeb memecoins: CT seems to be divided — froth or adoption?

It has long been proven that there is a demand for speculation of prominent figures & events.

• Betting platforms allow you to bet on sports and gaming personalities and outcomes.

• Polymarket, a prediction market app known for its viral markets surrounding the US Elections, recently raised revealed it has raised $70m across multiple rounds.

• Friendtech & Fantasy blew up because they allow for speculation of CT personalities.

• Trump & Biden related memecoins have seen spectacular growth this year leading up to the elections.

IMHO, celeb memecoins are the latest iteration of this trend. Just like memes, memecoins feed on attention. Thus, memecoins provide the most direct link to capturing attention.

Is this froth? A top signal? I personally don’t think so.

Anyways, enough rambling. Enjoy this week’s recap!

$SPEC listed on Bybit futures

$AR (Arweave) listed on Bithumb

$ENS (Ethereum Name Service) listed on Bithumb

$ULTI (Ultiverse) added to OKX jumpstart

$STG listed on Upbit

$BEAM listed on Upbit

DeFi

USDe deposits now live on Infinex

Racer wants to migrate Frientech from Base L2

Hyperliquid announces Season 1 of Hyperliquid L1 points program 

Fetch.ai, Ocean Protocol and SingularityNET Finalize June 13 Merger 

Celeb Memecoins

Iggy Azalea launches memecoin on Solana

Caitlyn Jenner launches new memecoin on Ethereum after first coin failed

Davido launches memecoin on Solana

L1, L2, & Infrastructure

Taiko mainnet live — taikoxyz

Mantle Network: MIP-30 has passed, approving the spinout of Mantle LSP (mETH) into 'NewProject'

UOBVM participates in Fantom Foundation’s $10m funding round 

CME has no plans to launch Solana futures: db

Galxe launches its own L1 — Gravity, powered by Arbitrum Nitro, EigenLayer, and Babylon: Coindesk

Bitcoin/ETH ETFs

Blackrock's IBIT and Fidelity's FBTC recorded inflows of over $474m for the week, while Grayscale’s ETF bled again

Blackrock & Fidelity file S-1 forms: Phoenix

Fidelity spot ETH ETF listed on DTCC: Phoenix

Hashdex withdraws proposal for spot ETH ETF: The Block

Legal & Regulations

The New York Stock Exchange announces collaboration with Coindesk indices to launch financial products tracking spot Bitcoin prices

Biden says he is vetoing congressional disapproval of U.S Securities and Exchange Commission Accounting Bulletin on crypto-assets

Rugs & Exploitations

GCR hacked: hacker posted $LUNA & $ORDI

Caitlyn Jenner & Rich the Kid likely also hacked: posted a pump(dot)fun shitcoin

Beware of this zoom call scam: Never click on links or install applications from strangers no matter how reputable they may seem from the outset. 

DO NOT DOWNLOAD the AGGR Chrome extension

Japanese Crypto Exchange DMM Bitcoin Hacked for 4502.9 BTC ($305M). The exchange said they would "guarantee the full amount" — CoinDesk

Reads & Tools

All 141.686K BTC ($9.6B) moved from MtGox Cold Wallets

As far as I know everything is fine with MtGox. The trustee is moving coins to a different wallet in preparation of the distribution that will likely happen this year, there is no imminent sale of bitcoins happening. — former MtGox CEO

Gemini Earn users will get back $2.18 billion of their crypto in-kind. Customers can expect to receive the rest of their "asset balance" within the next year

Celeb memecoins — Boldleonidas

Generate your Twitter Horoscope

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

This newsletter series is free for all readers.

What I like about reading newsletters and alpha aggregators is that you get to catch up on things that you do not have a pulse on in your day-to-day. One can only cover so much on their own, so it’s always great to look outside of your info bubble — I hope this newsletter does the same for you!

Note that you can click on the screenshots of each tweet in this newsletter to take you to the actual tweet.

• Our Telegram Channel is FREE and shares news/alpha in real-time.

Let’s dive in.

Airdrop Alpha

1. Subsquid

A peer-to-peer network to batch query and aggregate terabytes of on-chain and off-chain data in a ridiculously efficient way

Raised

• $3.8M Seed Round Led by Hypersphere Ventures

• $6.8M Public Round at $125M

• ✖️ Twitter | 🎮 Discord | 📜 Docs

📌 Link to Airdrop Quest 

2. Fantasy airdrop claim is live

• Buy, sell, and trade digital influencers cards on Fantasy's live Market.

• Be part of the Hero program to monetize your Twitter presence and have fun.

• Earn Blast L2 & FAN airdrop points

📌 Link to claim

3. More points to $PURR trader on Hyperliquid

Hyperliquid reportedly gave out significantly more points to spot traders trading $PURR this week. $PURR is currently the only asset available on HL spot markets. 

📌 Link to trade

4. Remember to check & claim your Nim Network ($NIM) airdrop:

📌 Link to claim: https://claim.nim.network/claim

New Listings

$WIF listed on OKX and Coinbase

$MEW listed on OKX and Bybit

$PRCL listed on Bybit

$MERL listed on OKX

$BRETT listed on Bybit

DeFi

Hyperliquid distributes 4,462,258 points to 11.5k closed alpha users for activity before October 31, 2023 — Link

Stepn and adidas are teaming up to bring adidas digital collectibles to Solana

$PRCL airdrop claim checker is live: https://app.parcl.co/points

Hyperliquid: Spot trading for $PURR is LIVE

Drift Protocol announces $DRIFT

Jupiter announces JupSOL 

Merlin Chain ($MERL) added to Bybit launchpool

Omni Network claims and staking are live:

“Ragnarok: Monster World” will be the first Web2 gaming IP to debut on Ronin — The Block

Bytedance, Tiktok’s parent company, partners with Mysten Labs: Cointelegraph

Binance Launches Megadrop: A Token Launch Platform with Airdrops and Web3 Quests. The first project to be introduced on Binance Megadrop will be BounceBit ($BB), a BTC restaking chain

Puffer Finance Raises $18M Series A round led by Brevan Howard Digital and Electric Capital 

L1, L2, & Infrastructure

Solana Rolls Out Update to Tackle Network Congestion - CoinDesk

Coinbase Wallet adds support for Solana

Worldcoin announces World Chain, an L2 secured by Ethereum and joins the Superchain ecosystem

Binance converts 100% of its $1B Secure Asset Fund for Users (SAFU) into USDC

"Aptos Ascend will provide the world’s financial institutions, banks, and tech-forward money markets with a performant, compliant, secure, and scalable gateway to decentralized finance on Aptos" — Mo Shaikh, via Coindesk

Tether expands USDT support to TON network, shows transparency page - THE BLOCK PRO

Bitcoin ETFs

GBTC again led the outflows, while inflows into BlackRock's IBIT continued to slow

Legal and Regulations

HONG KONG approves applications from leading financial institutions, including, China Asset Management, Bosera Capital, and HashKey Capital Limited, for the launch of Bitcoin and Ethereum spot ETFs — deitaone

Binance has been awarded a full crypto services license in Dubai by VARA. — Coindesk

U.S. Senators introduce bill prohibiting unbacked algorithmic stablecoins among other regulatory frameworks. — The Block

*Crypto trader convicted in $110 million haul from Mango markets: BBG

Rugs & Exploitations

Alert for iOS users: High-risk zero-day exploit targeting iMessage on the Dark Web

Reads & Tools

Pendle are looking for new analysts to join

BTC, ETH, & SOL Cumulative Return by Session (1W) — velodata

Drift announces Arthur Hayes as strategic advisor 

Crypto Fight Night - Main card: Ansem vs Barney (in approx. 3hrs)

Bitcoin Halving is officially Complete 🎉🎉

Disclaimer

The content provided in this newsletter is for informational purposes only and does not constitute financial advice. The author and the newsletter are not responsible for any decisions made based on the information provided herein. The opinions, analyses, and information included are based on the author's perspective and while believed to be accurate, should not be relied upon without conducting your own research and due diligence. The author may or may not be invested in any of the projects or tokens mentioned in the newsletter.

Additionally, the views and opinions expressed in this blog are those of the author alone and do not reflect the views, policies, or positions of any organizations the author is affiliated with or contributes to. It is always advisable to consult with a qualified professional before making any financial decisions. All investments involve risks, including the potential loss of principal.

Blockcrunch VIP is a premium research newsletter on the most important crypto projects and trends, prepared by top crypto analysts (like yours truly) twice a month. Only posts by the author will be cross-posted to this blog a month after publishing, so be sure to subscribe to the Blockcrunch newsletter if you want actionable insights in a timely manner!

In an industry where technological advancements and narratives evolve at an increasingly rapid pace, parallelized Ethereum Virtual Machines (EVMs) have emerged into the spotlight, claiming to offer crucial solutions to scalability and efficiency challenges currently faced by the EVM.

Two contenders have emerged as frontrunners — Sei Network and Monad. Both are at the forefront of parallel execution, introducing innovative approaches for processing transactions and smart contract executions more effectively and efficiently. Notably, while Sei Network has already introduced its token (SEI), Monad remains in the development phase.

The rise of the 'Parallelized EVM Narrative' has seen SEI's performance soar, with the token value increasing by over 500% in the last three months, significantly outperforming ETH's 50% rise in the same timeframe.

This report aims to provide a high level analysis of parallel EVM implementations and potential impacts of Sei Network and Monad. The report will thoroughly examine the distinctive features, potential challenges, and opportunities that SEI and Monad bring to the forefront of blockchain technology.

Disclosure: The author holds a position in SEI.

Read more