Solana ETF Blocked by SEC

️ On today's Top Picks:

Crypto News

• ⭐️ US SEC rejects Cboe’s 19b-4 filings for Solana $SOL ETFs.

• Jaredfromsubway[dot]eth returns with upgraded MEV bot executing complicated sandwich attacks.

• Mt Gox sends ~$75M of Bitcoin $BTC to Bitstamp; also transferred ~$700M of Bitcoin $BTC to unknown wallet.

• Prometheum, an SEC-registered crypto platform to custody Uniswap $UNI & Arbitrum $ARB as "securities".

• Tether to develop UAE Dirham-pegged stablecoin in collaboration with Phoenix Group & Green Acorn Investments.

• Ben 'BitBoy' Armstrong & Jimmy Butler agree to pay $340K settlement in Binance-related class action lawsuit.

• Scroll launches Darwin upgrade on Scroll Mainnet; introduces 34% reduction in gas fees.

• Status partners with Linea to launch Status Network.

Alpha

• ⭐️ Babylon Bitcoin Staking Mainnet Phase-1 to launch tomorrow.

• Base launches Basenames; built on Ethereum Name Service $ENS.

• BOB launches Week 2 of the Stablecoin Carnival on Intract.

• Proof of Play to launch Multichain v1 with the introduction of Boss chain.

• RedStone Oracles introduces new roles as part of RedStone Expedition Season 2.

• Dill launches Incentivized Testnet quest on Galxe.

• Lagrange Labs launches Lagrange Expedition Mission 1.0 Orbit on Galxe.

Airdrops

• Scroll Complete Mega Thread by Earndrop.

• Puffer Finance unveils new roadmap; TGE scheduled for early Q4 2024.

• Corn to unveil Pre-Mainnet Airdrop details in livestream tomorrow.

• Grass advises users to link their preferred wallet to their Grass account.

• ICYMI Weekly News by Earndrop.

Finance News

• US Federal Reserve could see ~1M US jobs vanish in largest downward revision to US jobs data in 15 years.

• US SEC awards whistleblower $37M+; assistance led to a successful SEC enforcement action.

• ⭐️ Bitfarms $BITF agrees to buy Stronghold Digital Mining $SDIG for $175M.

• Franklin Templeton $BEN to shutter $2B Macro Opportunities strategy fund amid SEC probe.

• Metaplanet buys an additional $3.4M of Bitcoin $BTC; now holds ~360 Bitcoin.

Security and Exploits

• ⭐️ Whale loses $55.4M of Dai stablecoins due to phishing attack.

• How To Stay Safe In Crypto by Pontem Lumio.

• TP-Link investigation called for by US lawmakers over potential national security concerns.

Token Unlocks

• Avalanche / 9.54M $AVAX / ~$203M / AUG 20
• Space ID / 18.49M $ID / ~$6.9M / AUG 22
• Galxe / 586.67K $GAL / ~$1.5M / AUG 23

Funding

• ⭐️ Story raises $80M in Series B funding led by a16zcrypto.

• Skyfire raises $8.5M in Seed funding.

• DIN raises $4M in Pre-Listing funding.

• Sorella Labs raises $7.5M in Seed funding led by Paradigm.

• GenLayer raises $7.5M in Seed funding led by North Island Ventures.

• Corn raises $6.7M in Seed funding led by Polychain Capital.

• BSX raises $4M in Seed funding led by Blockchain Capital.

• zkMe raises $4M in funding led by Multicoin Capital.

• Soulbound raises $4M in funding.

• Nexus Interactive raises $2M in Seed funding.

The Degen Farmer