Solana Alpenglow, Gemini IPO, & Starknet Outages

️ On today's Top Picks:

Crypto News

• US SEC & CFTC clarify that US exchanges are NOT prohibited from facilitating trading of certain spot crypto asset products.

• Ethereum $ETH Foundation to sell 10,000 ETH worth ~$43M; proceeds to fund R&D, grants, & donations.

• ⭐️ Solana $SOL Alpenglow proposal passes; Alpenglow to reduce Solana's block finality from 12.8 seconds to ~150 milliseconds.

• Hyperliquid $HYPE records $106M of revenue & nearly $400B of trading volume in August; its highest-ever revenue & trading volume.

• ⭐️ Gemini files IPO to raise $317M at $2.2B valuation; offering 16.67M Class A shares at $17–$19 each; to list on Nasdaq under the ticker symbol $GEMI.

• Bitget announces strategic partnership with Morph Chain; Bitget to transfer all 440M $BGB to the Morph Foundation; Morph to adopt BGB as gas & governance token.

• ⭐️ Starknet $STRK experiences two outages for several hours; now fully operational again; recently launched Starknet v0.14.0 Grinta.

• Digital Asset Investment Products saw ~$2.48B of inflows last week; Bitcoin $BTC ~$748M inflows, Ethereum $ETH ~$1.4B inflows, Solana $SOL ~$177M inflows, Ripple $XRP ~$134M inflows.

Alpha

• ⭐️ Monad launches Monad Cards Wave 2; 4,000+ nominees are eligible to claim; claim closes in 8 days.

• ⭐️ Linea launches Linea Ignition, a liquidity-boosting incentive program; provide liquidity to earn $LINEA rewards; to distribute 1B LINEA.

• xStocks to launch on Ethereum mainnet soon; initially launched on Solana.

• Yield Basis to launch on Ethereum mainnet soon; founded by Michael Egorov, founder of Curve Finance; Yield Basis recently raised $5M in funding.

• Makina to launch Pre-Launch Machines (vaults) at the end of September; recently raised $3M in funding.

• Etherscan 10th Anniversary Points Campaign ends; to launch Etherscan Points redemptions soon.

Airdrops

• OpenEden Airdrop Strategy by Olimpio.

• Linea $LINEA to launch airdrop soon; pre-market trading launched on several exchanges; currently trading at ~$0.035 (~$2.5B FDV).

• Monad launches Monad Foundation webpage; to potentially launch mainnet, TGE, & airdrop soon.

• Avantis $AVNT to potentially launch airdrop checker this week; 12.5% of token supply allocated to airdrop #1.

• Hemi launches $HEMI airdrop claim; Hemi Points holders are eligible.

• Binance launches Somnia $SOMI HODLer airdrop; BNB Simple Earn and/or BNB On-Chain Yields subscribers from July 12th to July 15th are eligible.

Finance News

• ⭐️ US President Trump to hold emergency meeting tomorrow regarding recent tariff ruling; an Appeals Court found President Trump's global tariffs illegal last week.

• Gold $XAU reaches new all-time high of ~$3.6K; up ~33% year to date.

• Strategy $MSTR buys an additional 4,048 Bitcoin $BTC for ~$449.3M at ~$110,981 per BTC; now holds 636,505 BTC worth ~$70B.

• Metaplanet $3350.T buys an additional 1,009 Bitcoin $BTC for ~$112.2M at ~$111,162 BTC; now holds 20,000 BTC worth ~$2.2B.

• Bitmine $BMNR buys an additional 153,075 Ethereum $ETH for ~$668M; now holds 1,866,974 ETH worth ~$8.1B.

• SharpLink $SBET buys an additional 39,008 Ethereum $ETH at ~$4,531 per ETH; now holds 837,230 ETH worth ~$3.6B.

• The Ether Machine $ETHM raises an additional 150,000 Ethereum $ETH worth ~$649M; expected to go public with over 495,362 ETH worth ~$2.1B.

• Sharps Technology $STSS buys over 2M Solana $SOL worth ~$400M; recently raised $400M to establish SOL treasury.

• BNB Network Company $BNC buys an additional 38,888 $BNB; now holds 388,888 BNB worth ~$329M.

• US Treasury Secretary Scott Bessent says President Trump to potentially declare national housing emergency in the coming months.

Security and Exploits

• SlowMist publishes August 2025 Web3 Security Recap; highlights 9 hacks with ~$70.73M in losses.

• Venus $XVS user drained for ~$13.5M due to phishing scam; Venus community passes emergency vote to recover the stolen funds.

• Bunni exploited for ~$8.4M due to smart contract exploit; team actively investigating & to provide updates soon.

• ⭐️ ZachXBT publishes price sheet of 200+ crypto influencers & their wallet addresses; alleges majority of influencers did not disclose posts as an ad.

• Cloudflare blocks largest recorded DDoS attack peaking at 11.5 Tbps; previous largest recorded DDoS attack occurred in May & peaked at 7.3 Tbps.

Token Unlocks

• Sui $SUI / ~$143M / SEP 01st
• ZetaChain $ZETA / ~$8M / SEP 01st
• Ethena $ENA / ~$25M / SEP 02nd
• Immutable $IMX / ~$13M / SEP 05th
• Ethena $ENA / ~$116M / SEP 05th
Sourced from Tokenomist

Funding

• Kite raises $18M in Series A funding led by PayPal Ventures & General Catalyst.

• Everlyn raises $15M in funding from several investors.

• Reflect raises $3.75M in funding led by a16z Crypto CSX.

• Lulubit raises $1.3M in Seed funding led by Lattice & Reverie.

The Degen Farmer