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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.
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
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.