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Bitcoin Declines Amid Stock Market Rout, Trump Family Members Hacked, & Polygon Initiates MATIC to POL Rebrand!

M6 Labs Alpha Bytes 🚨: 4th September

Author

M6 Labs
September 04, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Bitcoin dives under $56k after U.S. stock market loses $1.05T in twenty-four hours. Lara and Tiffany Trump X accounts hacked, users warned not to click links. Ripple CEO says new stablecoin ‘very close’ to launch, rules out US IPO. Meanwhile, Former Mt. Gox CEO’s new crypto exchange set to launch this month with ‘transparency’ focus. Polygon developers transition MATIC token to POL. 

BTC $56, 431 (-4.35%), ETH $2, 375 (-5.62%), SOL $128.11 (-4.58%)

Crypto News 📰 

  • Bitcoin price is down, but hash rate just hit an all-time high

  • US Department of Justice subpoenas NVIDIA, causing market cap drop sets record as tech stocks fall

  • Donald Trump-backed DeFi protocol reportedly based on Dough Finance code

  • US spot Bitcoin ETFs see $287M in net outflows, largest negative flows since May

  • 21Shares launches wrapped Bitcoin 21BTC on Ethereum amid WBTC challenges

  • Solana's SOL gets first implied volatility index on Volmex

  • Ethervista launches on Ethereum, aims to outshine Pump.fun with secure liquidity locks

  • Ethereum on-chain lending markets see second-largest liquidations ever amid ETH price plunge

  • Polymarket processes $1.4B as NegRisk outshines CTF markets

  • CFTC recovers $18M worth of crypto from alleged commodity pool Ponzi scheme

  • Trader turns $5k into $670K on Ethereum pump.fun rival Ethervista

  • Maker, now Sky’s, stablecoin freeze process could be decided by decentralized court

  • FTX to return $16B to creditors starting in Q4 2024

  • USDe becoming available for deposit on Ether.fi in exchange for liquid restaking token

  • Solana network transactions hit multi-month low in August

  • Grayscale unlock hindered Ethereum ETFs but inflows suggest brighter future

  • Pro-XRP Lawyer John Deaton wins Republican Primary, crypto industry cheers

  • Terra-Linked Galois Capital lost $40M on FTX—now it must pay the SEC a fine too

  • Donald Trump’s crypto project to be built on Aave and Ethereum

  • Bitcoin could drop 20% after Fed rate cuts in bearish case, but weak September presents buying opportunity: Analysts

  • QCP Capital forecasts potential bitcoin rally in October after a near-term price dip

  • Most TON holders in the red as price keeps falling after Telegram CEO arrest

  • Binance reveals details of upcoming Solana liquid staking token

  • Bitcoin miner Riot calls out ‘Concerning’ moves from Bitfarms amid attempted takeover

  • FBI warns of North Korean threat to crypto, cautions against potential ETF-related attacks

  • Terraform Labs moves $62.81M in BTC amid final wind-down steps

  • DeFi protocol Penpie exploited for $27M of crypto assets; PNP Token Craters 40%

  • BitGo CEO says wrapped Bitcoin’s critics aren’t being ‘Intellectually Honest’ about their concerns

  • ‘World’s First Crypto-Themed Immersive Theater’ to debut at Token2049

  • ZKsync maker Matter Labs reveals layoffs amid crowded Ethereum scaling market

  • Mysten Labs unveils specs and updates on SuiPlay0X1; The First Blockchain-Based Handheld Gaming Device

  • A simple 19-lines of code makes Uniswap v2 resistant to sandwich attacks

  • Samsung backs Sony blockchain Soneium development team

  • Nexo resumes UK client registrations after upgrade to meet FCA compliance guidelines

  • UK Authorities seize, convert $144k of Bitcoin stolen in Machete Home Invasion

Airdrops🪂 

Project Updates 🔥 

Threads 🧵 

Launches 🚀 

Fundraise 💰

That's a wrap for today!

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