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Bitcoin Dips to $58K, SBF Appeals FTX Fraud Conviction, Delta Prime Suffers Breach, & More!

M6 Labs Alpha Bytes 🚨: 16th September

Author

M6 Labs
September 16, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Bitcoin and Ether dip after Friday rally amid rate-cut expectations, reports of Trump assassination attempt. Trump-backed World Liberty Financial appoints Scroll co-founder as advisor. Meanwhile, Sam Bankman-Fried files appeal to overturn FTX fraud conviction. Polymarket fuels crypto industry’s $1.2B election involvement, political donations up over 10x. DeFi platform Delta Prime suffers $6M breach. 

BTC $58, 775 (-2.30%), ETH $2, 293 (-5.28%), SOL $130.70 (-4.68%)

Crypto News 📰 

  • Bernstein says DeFi yields are set for a comeback amid likely US rate cuts

  • Brazil lifts X and Starlink bank account blockage after Elon Musk pays $3.31M fine

  • CFTC says prediction markets are vulnerable to manipulation in Kalshi case appeal

  • Coinbase launches NFT legal defense fund amid SEC pressure

  • Stablecoin issuers freeze $5M worth of stablecoins tied to Lazarus Group by ZachXBT

  • USDC positions to be native stablecoin on Sony Soneium blockchain

  • Blockchain gaming sets new record with 4.2M daily active users in August

  • US spot Bitcoin ETFs log highest daily inflows in nearly two months as BTC challenges $60k

  • Tether just minted $1B USDT on Ethereum

  • Crypto custody is a growing market that could flourish if Trump wins

  • Circle CEO claims US is on the path to becoming the “decisive leader” in crypto

  • Ethereum Foundation researcher Danny Ryan steps away after seven years of contributions

  • FTX wallet linked to unstaked $23.75M in Solana, raising sell off concerns

  • Aptos reports record on-chain activity, but skepticism over bot activity lingers

  • Polygon’s POL token surges after Binance listing, marking end of MATIC migration

  • SEC crypto ‘overreach’ cost small investors $15B: John Deaton

  • Ethereum developers consider splitting Pectra upgrade, eye February target 

  • SEC claims that when it said ‘crypto asset securities’ it never meant tokens were actually securities

  • Industry leaders a16z, OpenSea pledge $6M to shield NFT artists from legal threats

  • Coinbase’s wrapped Bitcoin (cbBTC) hits $100M in one day

  • Ethereum layer-2 ZKsync faces scrutiny from Solana co-founder

  • Binance alerts users to malware risks in crypto withdrawals

  • Circle collaborates with Sony to roll out bridged USDC on Soneium

  • Tether taps former PayPal and Chainalysis exec Jesse Spiro to lead policy and regulatory engagement

  • MicroStrategy buys additional 18,300 Bitcoin for $1.1B, taking holdings to 244,800 BTC

  • USDC issuer Circle announces HQ move to New York ahead of IPO

  • Spanish crypto exchange Bit2Me obtains license in Argentina as a virtual asset service provider

  • Bitstamp to launch derivatives exchange in cooperation with Ripple

  • Solana applications can ‘prioritize real humans’ with Wormhole’s latest World ID integration

  • Tether eyes enhanced government relations after UK deems USDT a distinct property

  • Coinbase CEO fires back at Justin Sun’s allegations on cbBTC transparency

  • Toncoin price eyes $8 breakout as TON network hits $1B USDT issuance

  • Circle faces backlash for slow response in $5M Lazarus group fund freeze

  • Latin American crypto exchange Ripio unveils deFi credit card with visa

  • Magic Eden having ‘Best Year Ever’ despite NFT market slump: CEO

  • ‘Catizen’ players angry after surprise changes to Telegram game airdrop

  • Solana memecoin $POPCAT becomes the biggest 24h gainer amongst the top 100 tokens

  • Telegram’s Tap-to-Earn gaming craze is falling short in keeping players

  • Flappy Bird creator disavows revived game that hints crypto ties

Airdrops🪂 

Project Updates 🔥 

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Launches 🚀 

Fundraise 💰

That's a wrap for today!

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