MakerDAO Rebrands to Sky: DAI->USDS

️ On today's Top Picks:

Crypto News

• ⭐️ MakerDAO $MKR rebrands to Sky $SKY; $DAI will continue to function as before.

• Telegram Founder & CEO Pavel Durov indicted; placed on supervised release.

• ⭐️ The Open Network $TON goes offline again following previous ~6-hour outage; crash blamed on network congestion.

• OpenSea receives Wells notice from US SEC threatening to sue; pledges $5M for legal fees.

• Nigeria's Money-Laundering Trial against Binance & executive Tigran Gambaryan set to resume September 2nd.

• Josh Stark posts thread addressing Ethereum Foundation spending.

• WazirX files for protection to restructure its crypto liabilities; CoinSwitch likely to sue to recover lost deposits.

Alpha

• Zyfi The Future Of Paymaster by Earndrop.

• B3 Points Program Is Live by Earndrop.

• Soneium launches Minato Testnet & releases Soneium Spark Incubation details.

• ⭐️ Story Protocol launches Iliad Testnet & time-limited Iliad launch IP Asset NFT mint.

• BNB Chain launches official cross-chain bridge with Stargate, deBridge, & Celer.

• Forma launches Screenshot Folder NFT mint on Modularium.

• Astherus introduces support for Solv Protocol $solvBTC; Astherus recently selected for Binance Labs Incubation.

• Proof of Play's Boss Chain launches tomorrow on Pirate Nation.

Airdrops

• ⭐️ Vitalik Buterin says crypto identity solutions can fix crypto airdrops.

• Swell announces a Loyalty Bonus for the upcoming $SWELL airdrop.

• Hamster Kombat announces $HMSTR token TGE & Airdrop on September 26th.

• Enjoy $ENJOY Airdrop 2 Season 3 is live.

• ICYMI Weekly Airdrop News by Earndrop.

Finance News

• Nasdaq $IXIC files with the SEC to list & trade Bitcoin index options.

• Xapo Bank & Hilbert Group to launch $200M Bitcoin-denominated hedge fund.

• Rhodium Enterprises (Bitcoin mining company) files for bankruptcy; total assets are between ~$100M & ~$500M.

• US SEC awards $24M+ to two whistleblowers whose information & assistance led to an SEC enforcement action.

• US SEC now requires monthly reports on investment fund holdings; previously required only four reports a year.

• Nvidia $NVDA reports $30B in revenue for Q2 2024, 3.8% higher than expectations.

• Apple $AAPL CFO Luca Maestri to be replaced by Kevan Parekh early next year.

• Bank of New York Mellon to pay $5M to settle charges over swap reporting failures.

• Brave lays off 15% (27 people) of its workforce; its second round of layoffs within the past 10 months.

• Elon Musk & Vitalik Buterin express support for the California SB 1047 AI safety bill.

Security and Exploits

• CertiK blames rogue employee for Tornado Cash transactions during Kraken hack.

• ICYMI SlowMist Weekly Security Report highlights an increase in compromised accounts.

• Google discloses active exploitation of high-severity Chrome vulnerability; flaw patched last week.

• US offers $2.5M reward for information leading to hacker linked to Angler Exploit Kit.

Token Unlocks

• Yield Guild Games / 14.08M $YGG / ~$6M / AUG 27
• SingularityNET / 8.32M $AGIX / ~$5M / AUG 28
• Optimism / 31.34M $OP / ~$43M / AUG 31
• Echelon Prime / 750K $PRIME / ~$6M / AUG 31
• Manta Network / 1.87M $MANTA / ~$1M / AUG 31
• dYdX / 8.33M $DYDX / ~$8M / SEP 01
• Sui / 64.19M $SUI / ~$55M / SEP 01
• ZetaChain / 53.89M $ZETA / ~$27M / SEP 01
• Ethena / 14.89M $ENA / ~$4M / SEP 01

Funding

• Lemniscap announces launch of new $70M fund to support early-stage Web3 projects tackling pre-trend narratives & up-and-coming markets.

• ⭐️ Space and Time raises $20M in Series A funding led by Framework, Faction, Arrington Capital, & Hivemind.

• Solayer raises $12M in Seed funding led by Polychain Capital & Hack VC.

• Gameplay Galaxy raises $11M in Extended Seed funding led by Blockchain Capital & Merit Circle.

• myco raises $10M in Series A funding.

• Double Jump Tokyo raises $10M in Series D funding.

• OneBalance raises $5M in Angel & Community funding.

• Echelon raises $3.5M in Seed funding led by Amber Group.

• Legion raises $2M in Seed funding led by Cyber Fund.

• Origami Finance raises $1.5M in Seed funding.

• SOON raises an undisclosed amount in "co-builder" funding.

The Degen Farmer