Ripple's Lawyer Slams SEC & WazirX Hacker Moves $6.5M in ETH!

GM anon ☕🐺

In today’s Alpha Bytes👇

Ripple lawyer slams SEC use of 'crypto asset security'. WazirX hacker moves $6.5M in ETH to sanctioned mixer Tornado Cash. BitGo adds South Korean giants SK and Hana as partners for local arm. Ethereum daily revenue drops to the lowest level in 2024.

BTC $59,121 (+2.86%), ETH $2,518 (+3.32%), SOL $134.72 (+5.38%)

Crypto News 📰

• SEC should create ‘customized’ S-1 forms for digital asset securities: commissioner Mark Uyeda

• Binance exec Tigran Gambaryan enters Nigeria court on crutches as trial resumes

• Dolomite co-founder Corey Caplan takes advisor role at Trump-backed World Liberty Financial

• Super PAC spends $70K on crypto-focused Senate race as primary looms

• Qatar introduces regulatory framework for digital assets

• Japanese Bitcoin investor Metaplanet works with Ripple’s partner SBI

• HashKey and Kaia partner to boost Web3 adoption in Asia

• Central banks buying gold at record levels, but Bitcoin still outperforms

• Another country launches investigation against Telegram

• Scottish court makes history with £110K stolen crypto seizure

• WazirX parent calls for ‘White Knights’ to assist in exchange rescue

• Russia: Illegal crypto mining crackdown intensifies as officials seize 238 rigs

• Another Argentinian province launches a probe into Worldcoin operations

• Whale buys 2K Bitcoin in 4 days, now holds $490M in BTC

• Extremely unlikely WazirX customers will be made whole in crypto terms

• Bluesky adds 1M new users in 3 days amid X ban in Brazil

Project Updates 🔥 

• Bybit unveils spot trading pairs with TRY in Turkish expansion push

• PancakeSwap burns CAKE tokens worth $15M

• SHIB millionaire shifts focus to ETFSwap, sells off DOGE, WIF

• PizzaSwap testnet under maintenance, UniSat reports

• Pump.fun becomes the fastest-growing app in the crypto economy

• SunPump platform on TRON blockchain introduces comment feature

• New Web3 wallet rolls out decentralized crypto inheritance  

• Sonic testnet goes live this week

• Polygon plans to migrate MATIC to POL token on Sept 4

• Pixel climbs to top gaming token

• @sunpumpmeme flips @pumpdotfun in 24 hours of revenue

• Bitcoin miners sold BTC over the weekend

• BlackRock's total holdings surpass Grayscale

Threads 🧵 

• Glue and coprocessor architectures

• Multisig risks: summary and the @eigenlayer road ahead

• Dogecoin (DOGE) whales disappear as September comes

• Decline in memecoins

• Top 10 coins of the summer

• The crypto fear & greed index

• The Bitcoin chopsolidation is evolving

Launches 🚀 

• ABD Systems announces launch of ABDS Token to simplify crypto adoption

• Solana Radar hackathon launches with accelerator opportunities

• Ripple to launch new token standard on XRP ledger

• Libre launches on Near Blockchain, offering access to major funds

• Stratis launches next-generation blockchain technology, Verium

• Dash launches Evolution chain with decentralized data contracts

Fundraise 💰

• Hong Kong’s stablecoin issuer IDA raises $6M in round led by CMCC Global and Hashed

• FATTY secures $3M in funding and onboards institutional investors

• Stablecoin issuer IDA secures $6M in seed funding

• TrendX secures $6M in total funding

• Pencils Protocol achieves $80M post-money valuation in its recent funding

That's a wrap for today!

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