10K Silk Road $BTC On The Move; Coinbase To Launch $cbBTC

️ On today's Top Picks:

Crypto News

• ⭐️ 10K Silk Road Bitcoin $BTC moved to Coinbase Prime.

• ⭐️ Coinbase teases potential launch of tokenized Bitcoin product $cbBTC.

• Goldman Sachs discloses over $400M Bitcoin $BTC ETF holdings.

• Morgan Stanley discloses $187M Bitcoin $BTC ETF holdings.

• DRW Venture Capital discloses $150M Ethereum $ETH ETF holdings.

• New Vanguard CEO Salim Ramji states, "We will not be launching crypto ETFs."

• Three Arrows Capital liquidator seeks ~$1.3 billion compensation from Terraform Labs.

• PayPal $PYUSD supply on Solana surpasses supply on Ethereum.

• Sonic Labs announces Andre Cronje as new Chief Technology Officer; replacing Quan Nguyen.

Alpha

• Symbiotic launches support for Bitcoin & introduces first cohort of Bitcoin partners.

• Puffer launches Presenting UniFi Quest #4 on Galxe.

• BOB launches Week 1 of Stablecoin Carnival campaign on Intract.

• Forma posts timeline for "Feuiller La Marguerite" NFT mint.

• Jumper launches Leaderboard & Ranks for Jumper XP.

Airdrops

• aPriori Monad LST platform by Earndrop.

• deBridge introduces options for $DBR airdrop; only affects top 10% of deBridge Points Holders.

• Swell launches Ecosystem Points for Swell L2 Pre-Launch; points represent share of airdrops.

• ⭐️ Burnt XION introduces XION Foundation & $XION token; will oversee community incentive & airdrop programs.

• Gasp Cross-Rollup Swaps by Alpha Insiders.

• ICYMI Largest Airdrops of All Time by mystri.

Finance News

• ⭐️ US Inflation falls to 2.9% in July 2024, lower than expectations.

• Core Scientific $CORZ to offer $350M in convertible senior notes.

• Cipher Mining $CIFR reports $15M net loss in Q2 2024; revenue increases to $36.81M.

• Bitdeer $BTDR reports $17.7M net loss in Q2 2024; revenue climbs to $99.2M.

• Riot Platforms $RIOT raises stake in Bitfarms $BITF to 18.9%.

• Bitfarms $BITF co-founder Nicolas Bonta steps down from board amid Riot Platforms $RIOT takeover battle.

• Hut 8 $HUT reports $71.9M net loss in Q2 2024; revenue jumps to $35.2M.

• Metaplanet buys additional $3.3M of Bitcoin; now holds ~$18M of $BTC.

Security and Exploits

• Security Measures thread by mystri.

• SlowMist Weekly Security Report highlights key incidents & takeaways.

• RevokeCash partners with Webacy to bring better risk assessments of token approvals.

• Microsoft releases Windows August security updates patching 89 vulnerabilities.

Token Unlocks

• Sandbox / 205.59M $SAND / ~$55M / AUG 14
• CYBER / 1.99M $CYBER / ~$6M / AUG 14
• Starknet / 64M $STRK / ~$26M / AUG 15
• Render / 760.57K $RENDER / ~$4M / AUG 15
• Arbitrum / 92.65M $ARB / ~$54M / AUG 16
• ApeCoin / 15.6M $APE / ~$9M / AUG 17
• Ethena / 14.89M $ENA / ~$5M / AUG 18
• Oasis / 151M $ROSE / ~$9M / AUG 18
• Pixels / 54.37M $PIXEL / ~$8M / AUG 19

Funding

• ⭐️ Ton Foundation raises $40M fund for Ton Ventures.

• Sahara AI raises $37M in Strategic funding led by Pantera Capital, Binance Labs, & Polychain.

• Sling Money raises $15M in Series A funding led by USV, Ribbit Capital, & Slow Ventures.

• Essential raises $11M in Series A funding led by Archetype.

• Parfin raises $10M in Series A funding led by ParaFi Capital.

• Rivalz Network raises $9M in funding led by Delphi Ventures, Magnus Fund, Gateio Labs, D1 Ventures, & Cogitent Ventures.

• Satflow raises $7.6M in Seed funding led by Variant.

• Rhinestone raises $5M in Seed funding led by 1kx.

• Kem raises $3M in Strategic funding from Tether.

• Reddio raises an undisclosed amount in Seed funding led by Paradigm & Arena Holdings.

The Degen Farmer