FED Cuts 50 Bps, Market Surges! Plus Industry Titans On The Move!

GM anon ☕🐺

In today’s Alpha Bytes👇

The Fed cuts interest rates by 50 basis points; bitcoin trades higher. The Banana Gun team is currently investigating reports of user wallets being drained and the Telegram bot offline. Wintermute launches a multi-chain prediction platform ahead of the 2024 US presidential race. Polymarket election bets volume approaches $1B. Tether-issued stablecoin USDT's market share grows to 75% as market capital tops $118B. 

BTC $61,857 (+2.62%), ETH $2,406 (+3.50%), SOL $137.92 (+5.30%)

Crypto News 📰

• Crypto exchange Bitget seals 'multi-million dollar' deal with La Liga

• Anthony Scaramucci says group of crypto advocates working to move Harris away from Gensler

• Donald Trump-backed World Liberty Financial Project draws skepticism from crypto advocates and critics alike

• SEC charges DeFi platform Rari Capital with misleading investors and unregistered broker activity

• BlackRock's new bitcoin paper outlines the cryptocurrency's qualities as 'unique' hedge against global risks

• Ethena Labs temporarily shutters frontend website after its domain registrar account was compromised

• Hacking group Dark Angels received $75M in bitcoin, marking the largest known ransomware attack to date

• Bitstamp eyes Australia for institutional business expansion amid global push

• Crypto scammers orchestrate massive hack on X but barely made $8K

• Louisiana takes first crypto payment over Bitcoin Lightning

• Binance exec’s mother pleads with US gov’t to secure his release

• US lawmaker accuses SEC of ‘enforcement abuse’ against crypto firms

• WisdomTree aims to bring self-custody to regulated RWAs

• Silvergate Capital files for Chapter 11 bankruptcy in Delaware

• HEX founder Richard Heart suspected of tax evasion in Finland

• Partner of ex-FTX exec pleads not guilty to campaign finance charges

• Decentraland X account hacked, phishing scam targets MANA airdrop

• Fed rate cut may be politically motivated, will increase inflation — Arthur Hayes

• House Republicans demand SEC’s Gensler clarify crypto airdrops stance

• CFTC eyeing Polymarket, betting platforms amid elections, says chair

• Kamala Harris presidency may push US crypto firms abroad — Nansen CEO

• Australia’s central bank launches 3-year program for wholesale CBDC

• Venezuela opposition’s Bitcoin reserve plan must overcome political turmoil first

• Donald Trump uses Bitcoin to buy burgers at NYC bar

• Solana Saga crypto phone successor emerges from stealth as 'Seeker,' surpassing 140K presales

• Revolut in advanced stages of plan to launch its own stablecoin

• SEC sues ‘fake’ crypto exchanges in first action on pig butchering scams

Project Updates 🔥 

• PayPal’s PYUSD stablecoin tapped for transaction settlement on new TrueX exchange

• Monerium rolls out euro-backed stablecoin on Cosmos via Noble

• Google Cloud releases Ethereum-compatible RPC service

• REX Shares, Tuttle launch 2x long, short Microstrategy ETFs

• BNB Chain introduces gasless stablecoin payments initiative

• MoneyGram and Stellar join CEX.io for global crypto cash conversions

• 1inch reveals new cross-chain swap feature

• Civic and Rentality launch blockchain-based car rental verification

• Sui Emerges as Potential ‘Solana Killer’ in Blockchain Showdown: Experts Weigh In

• Bitget's global user count surpasses 45M

Threads 🧵 

• The Gigagas era

• Economics of the AO computer

• One circle to rule them all

• All you need is DAG

• Ethereum is the Microsoft of blockchains

• Long story short

• Russia to pay China in cryptocurrency for war supplies

Launches 🚀

• Wisdomtree launches platform for tokenized real-world assets

• StakeStone launches the first liquidity index, Bitcoin SBTC

• Everclear launches the mainnet test version of the clearing layer

• ZK Compression launched on Solana Mainnet to reduce developer costs

• Aleo Mainnet launches enabling zero-knowledge decentralized applications

Fundraise 💰

• Modular blockchain network developer Hemi Labs raises $15M

• Draper Associates leads $5M seed round for web3 AI wellness firm CUDIS

• Bitget and Foresight Ventures invest $30M in TON blockchain

• Borderless Capital announces $100M for third DePIN fund

• Patron raises $100M fund to invest in early-stage tech startups

• Capstone Technology raises $5.4M for the blockchain project

• TrueX secures $9M in funding led by RRE Ventures and Hack VC

• Helius secures $21.75M in funding to boost Solana development

• BlackRock and Microsoft launch a $30B fund to build AI data centers for high energy needs.

That's a wrap for today!

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