Bitcoin Nears 64K, Consensys Lawsuit Against SEC Gets Tossed Out, & BingX Faces $43M Breach!

GM anon ☕🐺

In today’s Alpha Bytes👇

Bitcoin nears $64k as BTC futures attract billions; BoJ's Hike pause bumps risk assets. US federal judge dismisses Consensys lawsuit against SEC over Ethereum. Meanwhile, crypto exchange BingX hacked, onchain data shows over $43M drained. Stablecoin issuers now 18th largest holder of U.S. treasuries, says Bernstein. SEC seeks 4-month extension for fact discovery in Coinbase lawsuit. 

BTC $63, 666 (+2.54%), ETH $2, 557 (+5.50%), SOL $151.05 (+8.82%) 

Crypto News 📰 

• Bitcoin set for rally after Federal Reserve rate cut, Standard Chartered says

• Citibank is exploring Solana's potential, looking to utilize blockchain technology for seamless money transfers and advanced smart contracts in the future

• Blockchain sleuth ZachXBT alleges three perps involved in $243M theft of single Genesis creditor

• 'Satoshi Era' wallets move $16M in Bitcoin after 15 years of dormancy

• DeFi lender Sky ratifies plan to offboard wrapped Bitcoin, due to Sun concerns

• TON blockchain sees explosive 3,435% growth in daily active addresses over 2024

• US spot Bitcoin ETFs rebound to daily net inflows of $158M

• SocGen's crypto unit takes EURO stablecoin to Solana after flopping on Ethereum

• Crypto investment firm Deus X Capital unveils DeFi unit which will start new yield generating protocol

• CFTC pushes appeals court to block election betting amid Kalshi dispute

• Terraform Labs gets sign off from US bankruptcy judge to begin winding down: Reuters

• Solana DEX aggregator Jupiter acquires SolanaFM, Coinhall

• Ether is going to shine again, Steno research says

• Jump's 'Frankendancer' validator client is live on Solana mainnet

• First PiP World bought a Roblox stock simulator, now it’s launching a Telegram-based game

• BlackRock amends Coinbase custody agreement to require 12 hour withdrawals amid debt rumors

• OKX to relaunch US exchange with new app in late 2024

• Hut 8 expands Bitmain partnership with launch of next-gen ASIC miner, boosting hash rate by 80%

• CryptoQuant sees Bitcoin short-term holder supply decline as barrier to price breakout

• Worldcoin testing facial recognition for its World App

• WazirX hacker moves latest batch of $12M in ether to launder via Tornado Cash

• Dogecoin records bump in transaction activity, points to bullishness for DOGE

• Commerzbank partners with Deutsche Börse’s crypto finance to expand crypto services

• Crypto powerhouse Silvergate Capital bank files for bankruptcy after 18-month wind-down

• German Government shuts down 47 exchanges, says they're tied to ‘Illegal Activity’

• RFK Jr. comes out swinging against Bitcoin mining 'Myths'

• Police arrests two people related to $243M crypto heist targeting Genesis creditor

• Core wants to launch a Bitcoin Yield ETF in US within five years, says exec

• Block subsidy dominates Bitcoin miner revenue as fee income dwindles amid halving impact

• Blockdaemon mulls 2026 IPO: Report

• Privacy concerns loom in Samourai Wallet court case

• Custodia says fed attempt to 'crush' crypto bank was political

• Security firm CertiK’s new venture firm unveils $45M investment plan

• Canada central bank shelves its digital Loonie CBDC plans

• Germany's DZ Bank to offer customers crypto trading through Boerse Stuttgart tie up

Airdrops🪂 

• @hemi_xyz $HEMI

• Claim your $ZRO

Project Updates 🔥 

• SynFutures - Recap of Borderless Summit Singapore: The Era of Consumer-First Web3

• Pendle x Bedrock x Corn

• Ethereum Developers Split 'Pectra' Upgrade

• Ethena Frontend Exploited. Don't interact with the frontend

• ‘Pixelverse’ expands from Telegram tapper to Cyberpunk web game beta

• Axie Infinity Founder Defends Play-to-Earn Model

• Nirvana V2 & hacked funds claim process

• UPDATE on Banana Gun Bot Situation

• Mastercard, Safaricom partner on cross-border payments

• Privy: Native Account Abstraction

• Mereo partnership with FutureClub, Korea's premier dance music community!

Threads 🧵 

• The Evolution of Prediction Markets - @castle__cap

• What’s the sentiment around ETH? - @0xelonmoney

Launches 🚀 

• SynFutures has launched a perpetual contract for the US election

• Eclipse targets October to launch ‘Solana on Ethereum’ L2

• Solana has presented Play Solana Gen1 - PSG1

• Bored Ape game 'Dookey Dash: Unclogged' launches with $1M in Prizes

Fundraise 💰

• Drift raises $25M Series B

• Bool Network (Blockchain Infrastructure) - $2M Seed

• Aptos (Chain) - $TBD investment 

That's a wrap for today!

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