Pump.fun Makes $28M in Meme Coin July Fees

️ On today's Top Picks:

Crypto News

• ⭐️ PumpFun generates $28M in fees in July surpassing several top protocols.

• ⭐️ Genesis completes bankruptcy restructuring & begins distributing $4B to creditors.

• MicroStrategy $MSTR acquires an additional 169 Bitcoin $BTC for $11.4M; raising $2B to buy more.

• Do Kwon to be extradited to South Korea as the Montenegro Court of Appeals denies the US.

• Ripple $XRP to allocate $10M in tokenized US Treasury Bills on XRP Ledger.

• OKX Ventures announces $10M fund & accelerator program with Aptos $APT.

Alpha

• ⭐️ Binance Labs unveils first batch of Season 7 Incubation projects.

• Puffer launches Presenting Puffer UniFi #3 quest on Galxe.

• Ethereum Name Service launches on Linea.

• Kinto launches Kinto: Gakusha NFT Badge quest on Intract.

• RedStone Oracles launches Bera Brawl quest on Intract.

• Fluid launches EtherFi NFT Pass; utility to be revealed later.

• Catalyst distributes last of Season 1 Eggs rewards.

• Initia launches Week 3 of The Initiation Part 2 campaign.

• Union launches Bera Union: Fur and Friendship quest on THJ CubQuests.

Airdrops

• Hinkal Airdrop Strategy by Earndrop.

• Kamino launches Season 2 airdrop eligibility & allocation checker.

• Penumbra $UM airdrop is live.

• ⭐️ Mantra to launch Season 2 50M $OM GenDrop.

• ICYMI Movement Labs Airdrop Strategy by Olimpio.

• ICYMI Layer3 $L3 airdrop claim is live.

• ICYMI Lava Network $LAVA airdrop is live.

• ICYMI LiquidSwap $LSD airdrop claim is live.

Finance News

• US Stock Market tumbles amid weaker-than-expected US jobs report & fears of recession.

• Coinbase $COIN Q2 2024 earnings report reveals $1.4B in total revenue & more.

• Ark Invest sells $14.8M of Coinbase $COIN shares ahead of its Q2 2024 earnings report.

• Marathon Digital $MARA dips amid report of $199.7M net loss in Q2 2024.

• Riot Platforms $RIOT dips amid report of $84.4M net loss in Q2 2024; continues to buy Bitfarms $BITF.

• Block $SQ raises forecast for annual adjusted core earnings & unveils $3B buyback plan.

• Intel $INTC drops amid report of $1.61B net loss in Q2 2024; to cut 15% of workforce.

Security and Exploits

• ICYMI SlowMist Weekly Security Report highlights ~$1.99M in losses.

• RevokeCash adds support for real network.

• Android Malware campaign targeting 600+ global brands & millions of users uncovered.

• Unit42 observes increase in tech support scams URLs in recent months.

Token Unlocks

• Echelon Prime / 750K $PRIME / ~$6M / JUL 31
• Optimism / 31.34M $OP / ~$51M / JUL 31
• Manta Network / 1.87M $MANTA / ~$2M / JUL 31
• dYdX / 8.33M $DYDX / ~$10M / AUG 01
• Sui / 64.19M $SUI / ~$45M / AUG 01
• ZetaChain / 53.89M $ZETA / ~$29M / AUG 01
• Galxe / 4.17M $GAL / ~$12M / AUG 02
• Wormhole / 600M $W / ~$147M / AUG 03
• Ethena / 14.89M $ENA / ~$6M / AUG 04
• Mode / 185.30M $MODE / ~$4M / AUG 05

Funding

• ⭐️ Morpho, a DeFi lending protocol; raises $50M in Strategic funding led by Ribbit Capital.

• Layer2 Financial, a payments as a service platform; raises $10.7M in Series A funding led by Galaxy.

• Daylight Energy, a distributed energy platform; raises $9M in Series A funding led by a16z crypto.

• Icebreaker, an open professional network; raises $5M in Seed funding led by CoinFund.

• Breakout, a crypto native prop firm; raises $4.5M in funding led by RockawayX.

• JokeRace, a community contests platform; raises $3M in funding led by Maven 11 Capital.

• Pichi Finance, a points trading protocol; raises $2.5M in funding led by Signum Capital.

• Raad Labs, a distributed network of meteorological sensors; raises $2.25M in Seed funding led by CoinFund.

• WeRich, a user-generated asset platform; raises $2M in Seed funding led by Folius Ventures & Animoca Brands.

• Particle Network, an L1 unifying all chains; raises an undisclosed amount in funding from Binance Labs.

• Chateau Capital, an institutional-grade RWAs platform; raises an undisclosed amount in Pre-Seed funding led by Hack VC.

The Degen Farmer