Ian's Intel #46
YOU COME AT THE KING, YOU BEST NOT MISS
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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!
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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.