Harris and Trump Tied On Polymarket Post-Debate, Congress Divided On DeFi, & More

GM anon ☕🐺

In today’s Alpha Bytes👇

Harris’ winning odds on Polymarket rise to tie with Trump after a debate that ended without mentioning cryptocurrencies. US lawmakers divided in the first Congressional hearing on DeFi. Former Alameda CEO Caroline Ellison is set to face sentencing on September 24 following the FTX fallout.

BTC $56,330 (-0.85%), ETH $2,327 (-0.71%), SOL $131.81 (-1.33%)

Crypto News 📰

• Indonesian exchange Indodax faces $15M loss from apparent exploits: PeckShield

• SEC's crypto industry fines and penalties surpass $7.4B after massive Terraform fine

• Pump.fun's rapid rise sparks debate over memecoins' impact on the crypto industry

• Accenture invests in Emtech to strengthen CBDC, fintech solutions

• Owner of unlicensed UK crypto ATM network faces criminal charges

• EigenLayer AVS ARPA to launch native restaking rewards soon

• SEC ‘dug in’ on bank crypto custody rule as agency’s stance ‘unchanged’

• Standard Chartered begins UAE crypto custody services with BTC, ETH

• Singapore probes illegal Worldcoin accounts and token sales

• Bitcoin miner solves block alone

• Digital Chamber calls for Congress to address SEC actions against NFTs

• FTX wants to pay $14M to Emergent for claims to $600M in Robinhood shares

• US spot bitcoin ETFs rebound with $117M in daily inflows led by Fidelity’s FBTC

• Based Rollups pitched as fix to Ethereum incentives amid L2 fee debate

• Australian crypto investors ‘sitting on the sidelines’ for clearer laws: Swyftx CEO

• Atomic Wallet wins dismissal of class suit over $100M hack

• Crypto scammers target Indian Premier League team to promote Solana token

• Latin America’s Nubank sunsets trading of its Nucoin crypto

• AI tokens, ICP, and FET buck crypto market drop as Apple flags artificial intelligence foray

• Indonesia’s licensing regime sparks ‘monopolistic’ market concerns

• Bitcoin mining was significantly less profitable in August, Jefferies says.

• Investors lost a record high of $5.6B to crypto scams in 2023, the FBI says

Project Updates 🔥 

• Nansen acquires staking firm StakeWithUs to diversify services

• Paypal, Venmo integrate Ethereum Name Service for crypto payments

• Polygon and Fabric team up to fast-track ZK-proof adoption on AggLayer

• Paxos set to expand to Arbitrum, an Ethereum Layer 2 network

• tZero becomes 2nd FINRA-approved broker-dealer for digital securities

• BitGo deploys wrapped BTC on Avalanche and BNB Chain

• Morph launches CEX coalition to back blockchain developers, projects

• Ramp Network expands crypto purchases to all U.S. states

• SafeWallet announces updated application for secure crypto management

• Kujira team to build new THORChain app layer following ‘Rujira’ merge

• Solana recorded the highest daily active addresses ever  

• DOGS token sets memecoin record with 17M users on The Open Network

• A cash-back crypto credit card

Threads 🧵 

• Directing protocol incentivized liquidity with LQTY

• The Arbus era begins

• Why LayerZero

• Bitcoin & Ethereum ETFs stats

• Ethereum spot ETF

• S&P 500 rises for a second straight day 

• Some nice green on the ETH NFT board this am

• CEX data in August

• Base now has more weekly DEX traders than all other L2s combined

Launches 🚀 

• Lufthansa, Deutsche Telekom launch DePIN blockchain nodes

• State Street, Galaxy launch 3 new crypto ETFs

• Tether stablecoin issuer and Tron launch financial crime unit

• Lufthansa and Deutsche Telekom launch blockchain nodes for Peaq network

• Aevo launches NEIRO perpetual contracts on Ethereum

Fundraise 💰

• Ethereum scaling solution T1 protocol secures $2.5M pre-seed funding

• Blocksense secures $4M in seed funding led by permutation

• Orange Cap Games secures $2M in pre-seed funding

• Web3 operating system Fountain secures $3.5M in seed funding

• Dlex Ammalgam secures $2.5M in seed funding for growth and development

• Exowatt secures $20M in seed funding to revolutionize clean energy solutions

• Tokenized RWA platform Huma Finance gets $38M investment

That's a wrap for today!

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