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  • Harris Pledges US Blockchain Dominance, SEC Delays Ethereum ETF Ruling, Binance Unveils Pre-Market Spot Trading, & More!

Harris Pledges US Blockchain Dominance, SEC Delays Ethereum ETF Ruling, Binance Unveils Pre-Market Spot Trading, & More!

M6 Labs Alpha Bytes 🚨: 26th September

Author

M6 Labs
September 26, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Harris says US should become ‘dominant’ in blockchain, reiterates ‘digital assets’ in economic plan. SEC delays Ethereum ETF options trading decisions for BlackRock & Bitwise. Binance launches pre-market spot trading service with ‘actual tokens.’ Meanwhile, Bitcoin price coils as market confirms $65k as ‘real resistance.’ Coinbase ventures-backed Truflation hacked for about $5M, says ZachXBT. Former Mt. Gox CEO Mark Karpeles makes his comeback. 

BTC $64, 356 (+1.15%), ETH $2, 629 (+0.29%), SOL $152.73 (+1.73%)

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Crypto News 📰 

  • Bitcoin ETF demand grows among U.S. investors as China considers massive $142B capital injection

  • Key indicators challenge Fed's 'Normalization' rate cut that torched Bitcoin rally

  • ‘Crypto Mom’ Hester Peirce admits flaws in SEC’s crackdown

  • PayPal US business users can now hold and trade Bitcoin and Ethereum

  • Telegram wallet disabled in UK as developers seek FCA license

  • Visa launches a Tokenized Asset Platform to assist banks in testing tokenized assets and smart contracts on Ethereum

  • VanEck says SOL can reach 50% of Ethereum’s market cap

  • PayPal’s PYUSD stablecoin shrinks 30% in a month as DeFi yields on Solana plummet

  • Lightning wallet Osmo brings financial services to Puerto Rico

  • TON blockchain validators prepare for Hamster Kombat coin minting

  • Binance continues to serve Russian users despite 2023 exit

  • Ethereum demand concentrated in a few speculative use cases, CoinShares report finds

  • Swiss crypto management platform Taurus partners with Aktionariat on tokenization

  • US spot Bitcoin ETFs post fifth straight day of inflows worth $105.8M

  • Solana flips Ethereum in 24h DEX volume

  • Bitcoin ETFs are less than 200k BTC away from surpassing Satoshi Nakamoto’s holdings

  • ‘Sustained’ Bitcoin ETF inflows may ‘buoy’ price despite slowing spot buying

  • Hong Kong CBDC Pilot enters phase 2 with new firms to advance digital currency use cases

  • Golem report reassures no ETH dump after $337M transfers

  • Biden admin deliberately killed off Silvergate to ‘decapitate’ crypto: Nic Carter

  • Experts say P2E Games ‘normalize’ crypto in emerging markets

  • AI-focused cryptos outshine the pack this week, Bittensor tops gains

  • US yield curve and derivatives interest are bullish signs for Bitcoin, Standard Chartered analyst says

  • Ether.fi foils domain hijack attempt, credits enhanced security measures

  • BlackRock records $158M inflows across Bitcoin and Ethereum ETFs

  • Terraform Labs may close products, services in bankruptcy wind-down

  • NYC’s pro-crypto mayor Eric Adams indicted on corruption charges

  • Curve Finance proposal eyes reducing TUSD exposure after SEC settlement

  • Cryptocurrency and Stocks show high correlation levels as macroeconomics start driving markets

  • Circle aims to own crypto compliance space while Tether questions ‘price’ of current regulation

  • Terror victims claim DOJ withholding their cut of $4.3B Binance penalty

  • A16z makes first ‘DeSci’ investment in decentralized biobank platform AminoChain

  • Puma partners with Web3 mobile game, Infinex NFTs top $40M sales: Nifty Newsletter

  • XProtocol’s Ethereum phone XForge launching to take on Solana Seeker

  • Bitcoin's South Korea discount hits highest since October 2023

  • UAE’s clear regulations have fostered a balanced, diversified crypto ecosystem – Chainalysis

  • LayerZero activity surges 433% following second airdrop announcement

  • South Korea fines Worldcoin and tools for humanity for data privacy violations

  • Hamster Kombat teases token buyback, NFTs and launch of web app ahead of airdrop

  • Do Kwon’s extradition mired in controversy after Montenegro’s ex-Justice Minister alleges corruption

  • Open source Zero Knowledge Proofs now available on Bitcoin via BitSNARK

  • Analysts remain divided on Q4 outlook despite Bitcoin rally following rate cuts

  • Stablecoins will drive institutional adoption in Asia: Chainalysis CEO

  • Russia’s cybercrime damage exceeds $1.25B in 2024, minister says

  • Lawmaker introduces Defi Bill — calls decentralized finance ‘essential to future of markets’

  • Macquarie sets ‘outperform’ ratings on MARA, Riot and other bitcoin mining stocks amid shift to AI and HPC infrastructure

  • Financial institutions are experimenting with Bitcoin-backed lending: Ledn

  • WazirX granted four-month moratorium to restructure its liabilities after $230M hack

  • Utah judge rules SEC’s case against alleged crypto mining scam Green United can proceed to trial

  • The Galois Capital settlement signals a new era for digital asset custody

  • Resolution urging Nigeria to 'Immediately Release' jailed Binance exec heads to US house

  • Nvidia stock, $NVDA, soars after CEO Jensen Huang is reportedly “done selling” stock

  • Chinese yuan hits strongest level against dollar in over 16 months as investors assess PBOC stimulus

  • As of the end of last week, the U.S.' share of world market cap hit a new high of 49.1%

  • AI model is better at pricing currencies than humans, ING-says

  • Harris team today who told me in no uncertain terms that they are against “regulation through litigation.” You leaving is worth a point in GDP growth: Mark Cuban

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Fundraise 💰

  • @initiaFDN (Chain) - $14M Series A (Total $22.5M) led by @Theoryvc

That's a wrap for today!

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