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Bitcoin Surges Past $58K, UK Pushes Crypto Asset Bill, Grayscale Launches SUI Trust, & More!

M6 Labs Alpha Bytes 🚨: 12th September

Author

M6 Labs
September 12, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Crypto stocks recover from dip as polls say Harris won debate against Trump. Bitcoin jumps over $58k amid tech stock rally, SUI outperforms. UK bill recognizes digital assets as personal property under new law. Meanwhile, US House Republicans probe SEC’s Gensler on political hiring claims. Metaplanet grows Bitcoin holdings with $2.2M acquisition. Grayscale launches SUI trust for accredited investors.

BTC $58, 078 (+2.50%), ETH $2, 360 (+0.98%), SOL $134.99 (+2.23%) 

Crypto News 📰 

  • Donald Trump-themed memecoins sell-off following presidential debate with VP Kamala Harris

  • Annual US inflation falls to 2.5% as monthly CPI increases 0.2%, Bitcoin initially remains stable

  • ‘Stage 1 or bust’: Vitalik Buterin says he’ll only discuss rollups with sufficient decentralization in Layer 2 talks

  • Ethereum needs ‘refined messaging’ to entice Wall St — Attestant execs

  • US presidential debate spurs risk-off sentiment in crypto market, analysts say

  • ZKsync developer Matter Labs poaches Solana Foundation’s former VP of marketing

  • EU regulator sees official journal publication of stablecoin standards before year-end

  • Analysts anticipate altcoin outperformance and bullish Q4

  • US elections led to Bitcoin rallies regardless of winning party

  • Bitcoin decouples from gold as crypto continues in bearish phase

  • Bitcoin whale transactions see ‘noticeable’ drop since March price peak

  • CleanSpark buys seven bitcoin mining facilities in Tennessee for $30M

  • Polymarket bets pay off as memecoin memorializes 'Dwebate'

  • Bitcoin and Ethereum ETFs experience net outflows, led by $54M in Ark

  • Doors open at Prometheum as much-disputed firm tests crypto tokens as securities

  • Bitcoin to eventually bottom as perp funding rates remain negative: K33 report

  • Marinade hires Fidelity Digital Asset Services founding president as chief commercial officer

  • Bitcoin bargain hunters active on Kraken and Coinbase, CCData shows

  • Nigerian agency gets nod to freeze $330k in crypto users’ bank accounts

  • HTX freezes over $80k in stolen assets: August security updates

  • As ‘Banana’ Telegram game rises, CARV reveals $50M accelerator

  • Linea co-founder Marco Monaco steps down as the Growth Lead for Linea

  • CFTC announces partnerships to tackle crypto pig butchering scams

  • Donald Trump rant about immigrants 'Eating the Pets' didn't do much for conspiracy memecoins

  • Movement Labs targets 1-second L2 finality by end of 2024: Co-founder

  • Vega passes governance vote to shut down its Layer 1 blockchain

  • Bitcoin mining difficulty hits record high of 92.67T amid falling miner revenues

  • DEX wars heat up as Uniswap’s dominance slips to 36% amid rising competition

  • Paradigm-backed startup Succinct and OP Labs aim to solve ZK rollups

  • Binance.US chooses Fireblocks to bolster crypto custody, staking services

  • PancakeSwap launches Telegram prediction bot for forecasting BNB prices

  • Degens lose again after betting that Trump and Harris would debate Bitcoin and crypto

  • Aave considers Coinbase's cbBTC wrapped Bitcoin, sparking decentralization debate

  • WeWork founder’s crypto startup refunds investors after no token launch: Report

  • Swift unveils global infrastructure to streamline tokenized asset transfers

  • Hoskinson debunks locked Cardano staking claims amid new network milestones

  • CSAO region becomes global crypto hub with India, Singapore, and Indonesia leading the charge – Chainalysis

  • ‘Deadrop’ game studio confirms layoffs after booting Dr. Disrespect

  • CryptoPunks NFT worth $1.5M just sold for $23k

Airdrops🪂 

Project Updates 🔥 

  • DIA unveils ‘Lumina’ to disrupt trustless oracle networks

  • Raydium introducing Burn & Earn for token teams 

  • $PURR lists on SynFutures V3

  • Osmosis Launches Cross-Chain Token Portal 'Polaris,' Expanding Beyond Cosmos Roots

  • LEVR Bet launching decentralized sports betting app on Monad

  • Ozean x Velodrome to enhance liquidity for RWAs

  • Socket and ZeroDev come together to launch Magic Accounts

  • bitSmiley launches BTC-backed stablecoin on ZetaChain

  • LayerZero Official WBTC Interoperability Protocol

  • Hyperlend Testnet Soon 

  • Taproot Wizards creator introduces CATNIP

Threads 🧵 

Launches 🚀 

Fundraise 💰

That's a wrap for today!

Join the Crypto Pragmatist YouTube channel and enjoy the journey into the depths of the crypto world 👇

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