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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.
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.