Consensys Unveils New $LINEA Details

️ On today's Top Picks:

Crypto News

• Galaxy Digital transfers 3,782 Bitcoin $BTC worth ~$448M, most to exchanges; Galaxy sold more than 80K (~$9B+) BTC for a "Satoshi-era" investor last week.

• ⭐️ Ethereum $ETH Strategy, an ETH treasury protocol designed to provide leveraged exposure to ETH, raises ~$46M in prelaunch funding; to launch STRAT token on July 29th.

• Solana $SOL co-founder Anatoly Yakovenko says, "Memecoins and NFTs are digital slop and have no intrinsic value," in X discussion with Base's Jesse Pollak.

• US SEC delays decision on Grayscale spot Solana $SOL ETF; also delays decision on Truth Social Bitcoin $BTC ETF.

• Coinbase $COIN reportedly in talks to acquire CoinDCX; though CoinDCX CEO Sumit Gupta says the company is not seeking a sale.

• Beau, Head of Security at Pudgy Penguins, denies rumors that Pudgy Penguins acquired OpenSea; Luca Netz, CEO of Pudgy Penguins, recently teased an acquisition in a video interview with Rasmr.

• Digital Asset Investment Products saw $1.9B of inflows last week; Bitcoin $BTC $175M outflows, Ethereum $ETH $1.59B inflows, Solana $SOL $311M inflows, Ripple $XRP $189M inflows.

• ⭐️ US DOJ backtracks & says media reports of plans to bring charges against Dragonfly were inaccurate, and neither Dragonfly nor any of its principals are targets in their investigation.

• ICYMI The President’s Working Group on Digital Assets to release first policy report on July 30th; led by David Sacks, Bo Hines, and developed with the Treasury, Commerce Department, SEC, CFTC, & others.

Alpha

• Airdrop, Checkers, & Points by Olimpio.

• ⭐️ Linea unveils $LINEA tokenomics; allocates 10% for early contributors, 75% for ecosystem, & 15% for Consensys Treasury.

• Monad co-founder James Hunsaker posts, "Monad mainnet client is officially in audit," on X; Monad to potentially launch mainnet soon.

• Plasma $XPL public sale ends with $373M+ committed to purchasing XPL; represents more than 7x in oversubscription.

• Boundless launches Mainnet Beta Gold Tier; complete onchain & social tasks to get whitelisted for the Boundless token sale plus bonus token rewards.

Airdrops

• ⭐️ Succinct launches $PROVE airdrop registration; Succinct community members, open-source developers, & more are eligible.

• Treehouse to launch $TREE airdrop claim on July 29th; Treehouse GoNuts Season 1 participants & Treehouse Squirrel Council NFT holders are eligible.

• Hyperlane launches $HYPE Expansion Rewards Q2 pre-claim; claim on August 18th; Hyperlane users between March 1st & June 30th are eligible.

• Milkyway launches $MILK MilkDrop Phase 2 claim; MilkDrop users who completed Phase 2 tasks are eligible.

• Binance launches Treehouse $TREE HODLer airdrop; BNB Simple Earn and/or On-Chain Yields product subscribers from July 10th to July 13th are eligible.

• ICYMI Airdrops, Checkers, & Points (July 22nd) by Olimpio.

Finance News

• ⭐️ US & China agree to extend tariff pause by another 90 days.

• US & EU reach trade deal; to open up trade at 0% tariff, EU to invest $600B in the US, EU to buy up to $750B of US energy, & more.

• PayPal $PYPL launches Pay with Crypto, enabling crypto payments for merchants in the US; supports 100+ cryptocurrencies and wallets, reduces international transaction fees by up to 90%, & more.

• MARA $MARA raises $950M to buy more Bitcoin $BTC; currently holds 49,940 BTC worth ~$5.9B.

• Metaplanet $3350.T buys an additional 780 Bitcoin $BTC for ~$92.5M at ~$118,622 per BTC; now holds 17,132 BTC worth ~$2B.

• Sequans $SQNS buys an additional 755 Bitcoin $BTC for ~$88.5M at ~$117,296 per BTC; now holds 3072 BTC worth ~$364M.

• SharpLink $SBET buys an additional ~77,210 Ethereum $ETH for ~$290M at ~$3,756 per ETH; now holds ~438,190 ETH worth ~$1.68B.

• BTCS $BTCS buys an additional 12,240 Ethereum $ETH; now holds 70,028 ETH worth ~$268M.

• DeFi Dev Corp $DFDV buys an additional 181,303 Solana $SOL for ~$28M at $155 per SOL; now holds 1,182,685 SOL worth ~$217M.

• Upexi $UPXI secures $500M line of credit agreement to buy more Solana $SOL; currently holds ~1.9M SOL worth ~$348M.

• CEA Industries $VAPE & 10X Capital, with the support of YZi Labs, announce $500M private placement to establish $BNB treasury company.

• Nano Labs $NA buys an additional 8,000 $BNB; now holds 128,000 BNB worth ~$106M.

• Tron Inc $TRON files with US SEC to issue up to $1B in mixed securities; filing allows flexibility for future capital raises.

• Ark Invest $ARKK $ARKW $ARKF buys $20M of BitMine $BMNR; sells $15M of Block $XYZ, $12.7M of Robinhood $HOOD, & $6.9M of Coinbase $COIN.

• Key Events This Week by The Kobeissi Letter.

Security and Exploits

• Arbitrum $ARB to allocate $14M worth of ARB to subsidize security audits for projects on its network; to distribute over a 12-month period.

• ICYMI Brave blocks Windows Recall feature; Brave signals Windows to exclude it from Recall’s screenshot capture logic.

• ICYMI Microsoft releases SharePoint security updates; patches actively exploited flaw targeting government agencies, banks, & more.

Token Unlocks

• Sign $SIGN / ~$11M / July 28th
• Jupiter $JUP / ~$30M / July 28th
• Renzo $REZ / ~$6M / July 30th
• Kamino $KMNO / ~$13M / July 30th
• Optimism $OP / ~$24M / July 31st
Sourced from Tokenomist

Funding

• Zodia Markets raises $18.25M in Series A funding led by Pharsalus Capital.

• ARO Network raises $2.1M in Pre-Seed funding led by Dispersion Capital & No Limit Holdings.

The Degen Farmer