GM anon ☕🐺

In today’s Alpha Bytes👇

SEC Chair Gary Gensler grilled over crypto regulation and handling of the DEBT Box case in a heated congressional hearing. Meanwhile, former Alameda CEO Caroline Ellison was sentenced to two years for her role in the collapse of FTX. SEC settles charges against TrueCoin LLC and TrustToken Inc. involving stablecoin TrueUSD. BNY nears crypto custody for ETFs after SEC softens SAB 121 stance. Kraken acquires Dutch broker BCM as part of European expansion.

BTC $63,944 (+1.05%), ETH $2,616 (-0.82%), SOL $150.01 (+2.58%)

Crypto News 📰

• Bitcoin ETFs set to attract liquidity and speculation as IBIT options trading gains approval

• Web3 asset manager Anemoy taps oracle provider Chronicle for real-time data of its onchain Treasuries fund

• Polymarket bet for 2024 US presidential election winner crosses $1B mark

• Arkham Intelligence sees surge of 490K X followers amid growing influence in crypto investigations

• USDC issuer Circle unveils new compliance tool for programmable wallets

• Benchmark says MicroStrategy could soon generate yield by lending its bitcoin holdings

• Rep. Maxine Waters calls for 'grand bargain on stablecoins' before the end of 2024 following years of negotiations

• Bitwise CIO says ‘the most powerful people in finance’ are allocating to crypto

• Cathie Wood's Ark Invest offloads another $2.8M worth of its own spot Bitcoin ETF

• Sky is rethinking plan to offboard WBTC after discussion with BitGo CEO

• BlackRock's head of crypto doesn’t see Bitcoin as a ‘risk on’ asset

• Bybit eyes Muslim investors with Shariah-compliant crypto account

• Turkey drops plans for crypto gain taxation

• Binance says it helped India's Enforcement Directorate trace $47.6M related to a gaming scam.

• Banana Gun restores funds after cyberattack

• An official OpenAI X account was taken over to peddle a crypto scam

• Bitget predicts TON ‘de-Telegramization’ in the next 2 years

• Ethereum is a ‘dictatorship,’ claims Cardano founder Charles Hoskinson

• BlackRock Bitcoin ETF demands 12-hour BTC withdrawals from Coinbase

• Binance denies users’ data leak of 13M users

• Bitcoin needs to top $65.2K to break downtrend: Bitfinex

• Durov: Telegram will share user data with authorities upon valid legal requests

• Donald Trump says crypto could help pay off $35T U.S. debt.

Project Updates 🔥 

• New Farcaster ‘mini app’ feature launches on web3 social protocol client Warpcast

• Solana Labs partners with Google Cloud to launch Web3 API

• Metaplex Foundation unveils Metaplex Aura

• Celo surpasses Tron in daily active addresses due to stablecoin usage

• Facet announces upcoming V2 with native gas token FCT

• Pudgy Penguins collaborates with DRiP for Solana activation.

• MoneyGram admits ‘cybersecurity issue’ behind several-day outage

• SunPump forms strategic partnership with RabbitX

• Solscan: parsing Jupiter DCA transactions now supported

• Eigen Foundation announces EIGEN token transfer restrictions to end in 2024

Threads 🧵 

• Why build on @HyperliquidX?

• The great return of DeFi

• Aptos analysis: August 2024

Launches 🚀

• USDC issuer Circle launches onchain compliance platform  

• Ethereum L2 network Linea launches Surge Volt 5 incentive campaign

• Optimism to launch Superchain Interop for developers

• Space Nation to soft launch on September 27

• Ethereum Follow Protocol launched on mainnet

• Talent Protocol to launch the $TALENT token in late October

Fundraise 💰

• Daylight, ‘onchain for you’ actions recommender, raises $6M in seed funding

• Meridian secures $4M seed funding led by ParaFi and Borderless Capital

• EarthFast secures $1.4M in pre-seed funding

• Hut 8 secures a $150M investment from Coatue for infrastructure expansion

That's a wrap for today!

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