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X is now banned in Brazil, Trump surges on Polymarket, & SEC warns FTX on stablecoin repayments!

M6 Labs Alpha Bytes 🚨: 2nd September

Author

M6 Labs
September 02, 2024

GM anon ☕🐺

In today’s Alpha Bytes👇

Bitcoin slides below $58k. Hoskinson plans Brazil decentralized social network following ban on X. Harris’ election win odds slip to 47% on Polymarket as Trump gains ground. Meanwhile, SEC warns FTX against paying creditors back in stablecoins, other crypto. Pump.fun surpasses $100M in revenue as Polymarket outshines NFTs in August.

BTC $57, 659 (-0.84%), ETH $2, 446 (-1.11%), SOL $128.66 (-2.62%)

Crypto News 📰 

  • Coinbase has conducted its first cryptocurrency payment between two AI agents

  • Cardano shifts to decentralized governance as Chang hard fork goes live

  • OKX now fully licensed in Singapore, hires former MAS official as local CEO

  • Metaplanet taps SBI's crypto arm to aid its Bitcoin stockpiling efforts

  • Vitalik Buterin denies selling Ether for profit

  • Trump’s pro-Bitcoin stance helps secure 12-point lead over Harris, FDU poll finds

  • RFK Jr. threatened to steal the Bitcoin vote from Trump—now they're united

  • Vitalik Buterin has radical scheme for the pseudo-decentralization of entire cities

  • Bitcoin volatility likely to ease as market anticipates Fed rate cuts, says QCP Capital

  • Yuga Labs CEO reveals The Workshop team focused on ApeChain dapps

  • Telegram privacy under fire as founder awaits trial

  • USDC crosses $16T in volume, driven by Solana’s market share

  • Ethereum Foundation disburses $8.5M in grants for Q2, backing 98 projects

  • Blockchain poised to overhaul global payment systems: Binance

  • Bitcoin (BTC) falls to 2-week low as miners count their losses

  • Bitcoin still underperforming stocks since early August deleveraging event: Coinbase

  • Telegram held $400M in digital assets, generated significant crypto revenues in 2023: report

  • Crypto criminals pivot from Ponzi schemes to ‘pig butchering’ scams: Chainalysis

  • SEC calls for better data for retail investors but fails to identify oracles like Chainlink are the solution

  • Crypto Holders disproportionately favor Trump for U.S. President, new academic poll shows

  • Major Token Unlocks in September: $1.73B to flood the crypto market

  • Bitcoin network stacks devs 'Can See the Finish Line' with Nakamoto Upgrade

  • Nigerian SEC approves local crypto exchanges in push for digital asset regulation

  • Ethereum gaming network Geist is members-only to prevent 'Industrial Farming'

  • Native BTC Staking is coming to Bitcoin layer-2 networks, Babylon says

  • Asia leads in global crypto adoption due to progressive regulatory approach

  • Solo Bitcoin miner earns $200k reward amid growing centralization concerns

  • New NFL Rivals season adds 'Biggest Upgrade' since NFT marketplace

  • Vitalik Buterin debunks Ethereum Layer-2 fund theft risk, clarifies ETH sales

  • Elon Musk confirms that he wants Tesla to bring back $DOGE (@dogecoin) payment option for merch

  • UK’s ambitions for crypto hub status falter amid regulatory roadblocks

  • Since launch, the Ethereum ETFs are trading significantly less volume than the Bitcoin ETFs: Galaxy Research

  • BlackRock bought $200M BTC this week

  • Dell’s earnings on horizon: crypto enthusiasts await possible Bitcoin disclosure

Airdrops🪂 

Project Updates 🔥 

Threads 🧵 

Launches 🚀 

Fundraise 💰

  • @kredete (Blockchain Service) - $2.25M Seed

  • @levelusd (Stablecoin) - $3.6M led by @dragonfly_xyz @polychain

  • @Adot_web3 (Blockchain Service) - $TBD Strategic investment from @Aptos

That's a wrap for today!

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

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