Black Monday Pt. 2?

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gm Scrollers,

Always a GM when we get to share a newsletter with you, but not such a GM in the markets today. Black Monday was an infamous day in history when markets came crashing down randomly on a Monday morning in 1987, leading to worries of the next Great Depression. Today, markets have seen TRILLIONS of dollars liquidated causing both stocks and crypto to decline by double digits. However, this is not quite as random.

Keep on Scrolling ⛓ for all the latest headlines about the stock & crypto market crash and a handful of top-tier memes from this morning 😆

• $1B as been liquidated from crypto markets in the last 24 hours (WG)

• Markets turn lower after the US sells over the weekend (TD)

• Coinbase and MicroStrategy started off the morning down pre-market 18% and 24%, respectively (@WatcherGuru)

• MicroStrategy files to raise $2B for more bitcoin via Class A shares (@CPOT)

• MicroStrategy now holds 226,500 BTC introducing new yield metric (MR)

• Bitcoin ETF trading volume surpasses $1.5B in first hour of trading today (WG)

• Bank of England announces CBDC experiments (P)

• Bitcoin dips below $50k this morning (CMC)

DIAMOND HANDS, SCROLLERS. DIAMOND HANDS 💎

• July investments in web3 tops $1B (CT)

• OpenPad AI unveils $30M Fund with SEI Foundation for blockchain gaming (BZ)

• DuelNow receives $11M funding as web3 betting heats up (CT)

• Chateau has Hack VC lead undisclosed pre-seed round (HN)

• Top 6 largest crypto venture deals in July (@DropTabs_com)

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• Survey reveals impact of crypto taxes and AML rules on investors (CD)

• Do Kwon will be extradited to South Korea (D)

• Bybit withdrawals from France in response to regulations (CD)

• FBI issues warning on buying crypto from exchange (F)

• Harris campaign officials to meet with crypto executives in upcoming crypto roundtable (CT)

• Terra blockchain exploit saw total rise to $5M tokens drained (LLB)

• Convergence Finance hit with a $200K exploit (M)

• Hackers buy ~17k Ether from stolen funds of 2022 Nomad hack (CT)

• Australia flags over 2,000 compromised wallets from targeted scams and hacks (NB)

• Last week’s crypto hack report (CPED)

• Solana flips Etherum in monthly DEX volume for first time ever (TD)

• Jump Crypto unstakes $315M of ETH with plans to buy on exchanges (CT)

• ETH declines after whale dump (FXS)

• Risks of restaking framework (A)

• ETH ETF outflows exceed $2B (CT)

• Polkadot processes 3.8M transaction after Mythos migration (TD)

• Abu Dhabi showcases new Blockchain Center to bolster blockchain innovation (BN)

• Liberal Americans are most likely to own Bitcoin (TD)

• Coinbase launches a summer shop (TD)

• A bitcoin short seller just liquidated for $11.2M (@DegenerateNews)

• Morgan Stanley allows wealth advisors to pitch BTC ETFs (CNBC)

• Donald Trump states that the U.S. could potentially pay off it’s debt with a “check from BTC” (@WatcherGuru)

This might be the entire reason for the market crash 🤡

• What does Bitcoin look like as a strategic reserve (CD)

• Understand what’s happening today in the worst crypto crash since 2022 (CPED)

• Bitcoin mining companies are increasing diversification in portfolios (TS)

• Why the USA should put more energy (literally) into Bitcoin mining efforts (CT)

• Michael Saylor’s full presentation at Bitcoin 2024 Conference (@BitcoinMagazine)

• Phenomenal video on Bitcoin price following Power Law time contour graph (@Vivek4real_)

Anyone else get a similar text? 😅

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