Eigenlayer Announces Season 2 Stakedrop, Major Swiss Bank Launches Crypto Services, & More

GM anon ☕🐺

In today’s Alpha Bytes👇

Future Forward PAC to accept crypto donations via Coinbase Commerce on behalf of the Kamala Harris presidential campaign. Robinhood to settle a $3.9M penalty with the California DOJ over past crypto withdrawal restrictions. Switzerland’s fourth-largest bank, ZKB, launches crypto services. EigenLayer plans to distribute 86M tokens to stakeholders in season 2 ‘stakedrop’. Donald Trump leads Kamala Harris in Polly Market's "Winner of the 2024 Presidential Election" by 7%.  

BTC $57,199 (+1.62%), ETH $2,409(+1.88%), SOL $132.40 (+4.42%)

Crypto News 📰

• US spot bitcoin ETFs continue to bleed with $37M in net outflows

• Worldcoin seeks Facebook-like scale for global reach, CEO Alex Blania says

• Siemens issues €300M digital bond via blockchain for instant settlement

• Trump family’s DeFi project wants to ‘ensure US dollar dominance’

• Crypto-friendly United Texas Bank faces cease and desist order from Federal Reserve

• Crypto.com dominates USD support exchange volume as August sees $193B in trades

• SEC extends its deadline for making a decision on 7RCC’s spot bitcoin and carbon credit futures ETF

• CFTC charges Uniswap with illegal derivatives trading

• Polkadot-backed summit brings Mandala and KILT to spotlight for emerging ecosystems

• South Korea to inspect crypto exchanges for suspicious transactions

• Penpie hacker launders 26% of $27M stolen funds in 12 hrs

• US Fed rate cut could push Bitcoin down 20%

• VC giants a16z, Union Square Ventures get subpoenaed by New York about Uniswap

• Nvidia $279B wipeout

• AI Crypto Tokens Crash to $20B

• Ripple CEO predicts Gary Gensler’s exit, whoever wins the election

• Bitcoin DeFi TVL will top Ethereum’s within 2 years: Core DAO contributor

• Coinbase CLO says he’s ‘encouraged’ by Harris campaign reaching out

• Bitcoin mining profitability is stuck at record lows, JPMorgan says

• Bitcoin transactions dive 30% in 6 months amid BTC price ‘disinterest’

Project Updates 🔥 

• Unstoppable Domains is expanding onto Ethereum Layer 2 Base

• Anchorage announces custody support for Bitcoin L2 Stacks

• ApeCoin unveils Blueprint for ApeChain to woo creators

• SunPump completes $8M SUN token burn, plans additional $4M burn

• Angel Drainer upgraded, deploying 300+ malicious dApps in 4 days

• EigenLayer rolls out 'major update' to restaking contracts

• Euler Finance bounces back from flash loan attack, introduces modular vaults

• Scammers have found a way to burn tokens from inside Solana wallets

• Near Protocol hacker posting anti-crypto messages

• 5 years later, Pi Network’s mainnet launch remains elusive

• Refik Anadol's darling project soared 90% to a 7.55 ETH floor

• Dimensionals drops blockchain features, shifts to Web2 model

• Of all the things to go viral @Cobratate

Threads 🧵 

• GTM strategy for Korean market

• Some important tips

• Prediction markets of the future

• Blockchains as worlds for fun and play

• I was a co-founder of Ordinals

• We ended up getting the flush to take out longs 

• About @pumpdotfun

Launches 🚀 

• Injective launches tokenized index tracking BlackRock’s BUIDL fund

• Magic Eden launches Polygon Retro Diamond Drop

• Skate launches on the TON Network and expands multi-chain capabilities

• Everclear launches L2 re-staking service with significant growth

• Kaia Foundation launches Kaiascan blockchain explorer

• Launch of the BIGTIME Korean Won trading market

Fundraise 💰

• WSPN secures $30M seed funding

• Sakana AI secures $100M for AI development

• Safe Superintelligence secures $1B funding, valued at $5B

Airdrops🪂

• The Grass airdrop checker is live!

That's a wrap for today!

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