Elon Musk to Be Trillionaire by 2027 & Block Inc. Overtakes Coinbase in Market Cap!

GM anon ☕🐺

In today’s Alpha Bytes👇

Block Inc. overtakes Coinbase in market capitalization as Barclays revises price target. Elon Musk is on track to become the world's first trillionaire by 2027. Tether invests $100M in an agriculture firm as stablecoin competition grows. Bitcoin ETFs record a combined $1.2B in outflows in 8 days. Meanwhile, crypto platform Friend.tech sees token dive 26% following admin transfer.

BTC $54,925 (+0.97%), ETH $2,297 (+0.37%), SOL $128.44 (+0.14%)

Crypto News 📰

• U.S. election betting delay would be 'Devastating' to Kalshi, firm says

• Friend.Tech team renounces control of smart contracts following stagnant growth

• Crypto advocates to rally in Washington D.C. alongside The Chainsmokers for upcoming 'Stand with Crypto Day'

• NY judge orders SEC to provide some documents in Coinbase case, but excludes Gensler testimony

• Chainalysis says Russia’s crypto infrastructure aims to skirt Western sanctions

• Early Ethereum adviser sues law firm for $100M over crypto extortion case defense

• Elon Musk’s ‘DOGE’ gov meme sends political speculation soaring

• Roaring Kitty returns with cryptic X post, Solana-based CHEWY memecoin soars 28%

• El Salvador marks 3 years of Bitcoin adoption with $31M profit

• Crypto Biz: US regulators crack down on Uniswap

• Coinbase secures partial victory over SEC in motion to compel discovery

• VanEck to shutter Ethereum futures ETF

• Crypto PACs spend $14M targeting crucial US Senate and House races

• Japanese banks to test cross-border stablecoin transfers via SWIFT

• BBVA incorporates USDC into its crypto asset service in Switzerland

• Telegram changes FAQ language on illegal content moderation after CEO’s arrest

• Ripple co-founder signs letter endorsing Harris for president

• Arthur Hayes predicts Bitcoin rally after closing short position

• Nigeria’s SEC to crack down on unregulated crypto exchanges

• Bitcoin Mining Could Help Japan Monetize $2.5B in Wasted Green Energy

Project Updates 🔥 

• Roblox will allow devs to skip Robux and charge players in fiat money

• WisdomTree withdraws its Ethereum Trust S-1 registration filing

• New Android malware steals private keys from screenshots and images

• Sonic SVM announces $12.8M HyperGrid Node sale on Solana

• Sonic blockchain reaches record 720-millisecond finality in testnet phase

• Telegram clicker game Catizen reaches 800K paying users in first 6 months

• Stacks’ smart contracts reach record high ahead of Nakamoto upgrade

• Unisat-backed Fractal Bitcoin goes live on mainnet, taps into BTC core code for scaling solution

• Meme coin platform Snek.Fun triggers Cardano’s highest-ever daily activity

• Magic Eden's multi-chain NFT dominance surges with $60M daily volume amid ME token hype

Threads 🧵 

• Rearchitecting the stablecoin stack

• Bootstrapping networks

• Reflecting on past catalysts and envisioning the next wave of adoption

• Initial thoughts on Web3 marketing

• Turns out tron szn was a scam.. Shocking

• @pumpdotfun flips Ethereum in 30 days revenue

• Polymarket is getting into NFL Parlays

• Fantasy Top hit another local high in trading volume yesterday 

• RLB and SHFL inflows

Launches 🚀 

• API3 launches new oracle solutions for better DeFi efficiency

• Libre launches Web3 protocol to bring investment funds to Aptos network

• Symbiotic launches decentralized frontend on privacy-preserving ENS gateway

• Datachain launches Project Pax for cross-border business settlements

• Prom announces the launch of Testnet V2 on September 9

Fundraise 💰

• Puntored secures $2M funding to enhance cross-border transactions in Latin America

• Onocoy Association secures $940K in strategic funding round

That's a wrap for today!

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