Lead Ethereum Dev Feels It’s “Losing the Plot”

️ On today's Top Picks:

Crypto News

• ⭐️ Ethereum Team Lead Péter Szilágyi feels "Ethereum is losing the plot."

• Bitstamp distributes Bitcoin $BTC & Bitcoin Cash $BCH to Mt Gox creditors.

• Deutsche Telekom to operate standby masternode for XDC $XDC Network.

• Bitflyer acquires FTX Japan, plans to change name & launch new crypto custody business.

• CB Payments Limited, a Coinbase $COIN UK subsidiary, fined $4.5M by FCA.

• Michael Novogratz's Galaxy Ventures raises $113M with a $150M target.

Alpha

• Earndrop users are eligible to mint the Fluid Pass NFT for free.

• ⭐️ Eclipse announces "..Mainnet next week" as its audit by OtterSec is completed.

• Catalyst drops Egg Rewards as Season 1 nears end on August 2nd.

• Gasp launches Gasp Natives - The Sorcerer Path quest on Galxe.

• DeBank launches $ZRO Airdrop Hunter Web3 Badge.

• Forge launches Season 2 introducing Loyalty Points, Points Multipliers, & more.

• Zaros Testnet Guide by mztacat.

Airdrops

• ⭐️ Phaver launches Season 1 Phairdrop eligibility & allocation checker.

• Zeta launches $ZEX staking airdrop for early stakers.

• Sweepr launches $SWEEPR community airdrop claim.

• Mystiko Network allegedly engaged in insider trading for their airdrop.

• Airdrop Updates by Airdrop Official.

• ICYMI Avail $AVAIL airdrop claim is live.

Finance News

• ~$1.1 Trillion was wiped out from the US stock market on July 24th.

• US Federal Reserve reaches $1 Trillion in unrealized losses.

• Marathon Digital $MARA buys $100M of Bitcoin, now holds ~$1.3B of $BTC.

• Fold plans public listing through merger with SPAC Emerald Acquisition.

• US SEC charges Andrew Left & Citron Capital LLC for allegedly misleading investors.

• OpenAI to launch AI search engine SearchGPT.

• Berkshire Hathaway dumps $2.3B of Bank of America $BAC shares.

Security and Exploits

• ⭐️ Gemini discloses data breach exposing banking information.

• CrowdStrike warns of new phishing campaign targeting German customers with fake installers.

• US DOJ indicts North Korean hacker Rim Jong Hyok for ransomware attacks.

• Selenium Grid services exploited for illicit cryptocurrency mining.

• ICYMI SlowMist Weekly Security Report highlights ~$251.52M in losses.

Token Unlocks

• Galxe / 586.67K $GAL / ~$1.9M / JUL 24
• Galxe / 416.67K $GAL / ~$1.4M / JUL 26
• Yield Guild Games / 14.08M $YGG / ~$6.3M / JUL 27
• SingularityNET / 8.45M $AGIX / ~$4.4M / JUL 28
• Ethena / 14.89M $ENA / ~$6.4M / JUL 28

Funding

• aPriori, a liquid staking platform on Monad, raises $10M in Seed funding led by Pantera Capital.

• ⭐️ Mezo, an EVM-compatible Bitcoin layer 2, raises $7.5M in Strategic funding led by Ledger Cathay Capital.

• OpenSocial Protocol, a multichain SocialFi infrastructure, raises $6M in Strategic funding led by Framework & North Island Ventures.

• Roxom, a Bitcoin-denominated markets platform, raises $4.3M in Pre-Seed funding led by Tim Draper.

• KINTSU, a liquid staking infrastructure on Monad, raises $4M in Seed funding led by Castle Island Ventures.

• Multiple Network, a data network layer, raises $2M in Seed funding.

• Kuru, an onchain orderbook on Monad, raises $2M in Seed funding led by Electric Capital.

• LayerPixel, a Telegram DeFi solution, raises $2M in Seed funding led by Kenetic.

• Yup, an all-in-one SocialFi app, raises an undisclosed amount in funding.

• BitFi, a CeDeFi platform, raises an undisclosed amount in Seed funding.

The Degen Farmer