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In Solana We Trust? In Solana V.E. Trust. VanEck has filed an application for a Solana ETF, the first move into an altcoin ETF route for major asset managers. $SOL caught a 12% pump from this, now sitting around $150.

In other news: Coinbase is suing the SEC and FDIC; State Street and Galaxy are partnering up for Base payments; The U.S. Government just moved massive amounts of Bitcoin to Coinbase; Vitalik adds another portfolio company to his angel investments; Q2 crypto losses spike significantly from hacks & scams; and much more so enjoy your weekend and KEEP ON SCROLLING 🖤

• Billion dollar asset manager VanEck files for Solana ETF, calling it a commodity (CBF)

• State Street and Galaxy Digital work together for active crypto trading products (CD)

• Coinbase files lawsuit against FDIC and SEC for information around crypto regulation (FB)

• U.S. government moves 3,940 BTC ($241M) onto Coinbase exchange (BM)

• U.S. Head of Blackrock ETFs calls Bitcoin a ‘nascent asset’ in a new interview (@JayJacobsCFA)

• Marathon Digital has added other crypto mining activities to diversify revenue streams, like $16M of Kaspa mining (BLOCK)

• Animoca Brands looks to IPO in 2025 in Hong Kong or the Middle East (CGP)

• Tether to stop minting stablecoin USDT on Algorand and EOS (CD)

PLEASE GO UP! WE’RE BEGGING & HODLING 😭

• Colosseum announces $60M fundraise for Solana ecosystem accelerator (NFTG)

• Vitalik Buterin and Dragonfly back Mega Labs with $20M seed funding for MegaETH blockchain (BLOCK)

• Ora announces $20M fundraise from investors including Polychain, HF0, and Hashkey (NFTG)

• Covalent announces rebrand along with $5M raise from RockTree Capital (CN)

• Rebar closes $2.9M seed round for bitcoin-based MEV (NFTG)

• OKX Ventures makes strategic investment in Avail (BN)

• South Korea’s Hashed Ventures expands operations into Abu Dhabi (CT)

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• Nigerian crypto committee calls for fair approach to resolve issues between Nigeria and Binance issues (CT)

• Bolivia’s central bank lifts ban on bitcoin and crypto payments (CT)

• Matt Gaetz introduces bill to enable federal tax payments in BTC (CS)

• DOJ sentences HYDRO founders in first ruling that cryptocurrency is a security (TD)

• US State department offers $5M reward for missing cryptoqueen (CD)

• Abra to return $82M in virtual assets to customers over U.S. halt of operations for settlement with states (BLOCK)

• Gensler to rethink Hedge Fund rules and review ETH ETFs launch (CP)

• The FBI has upped the reward to $5M for the Missing CryptoQueen who operated a $4.5B scam (BBC)

• Alex Lab puts blame on North Korea’s Lazarus Group for $4M hack in May (CT)

• CoinStats employee believed to be behind $2M theft (CS)

• Two men sentenced for multi-million dollar crypto securities and wire fraud (JGOV)

• Metallica’s X account was hacked and used to scam via crypto promotion (CT)

• Cardano avoids DDoS attack targeting staked $ADA (CD)

• Crypto scammers are utilizing AI versions of Elon Musk to push draining software (99b)

• Crypto losses from hacks, scams, and exploits skyrocket in Q2, hitting ~ $575M (CT)

• CertiK accused of front-running bug bounties through Subsidiary (TD)

• Galaxy Digital predicts $7.5B of inflows for ETH ETFs in first 5 months (BLOCK)

• Bitwise predicts $15B of inflows for ETH ETFs in first 18 months (CD)

• Kraken co-founder Jesse Powell donates $1M in Ether to Trump’s presidential campaign (CT)

• Rainbow Wallet introduces ETH rewards program (TD)

• ETH supply has been inflating for 73 days straight (CT)

• Can ETH hit $6K by September (TP)

• ZK Rollup teams expect Ethereum to be fully decentralized in the next few years (CT)

• Point72 funds divert from fintech and crypto investments to focus on AI (@alexrkonrad)

• 14 year dormant bitcoin wallet transfers 50 BTC to Binance (CN)

• Coinbase and Stripe team up for USDC payments on Base (BBG)

• Blackrock bought shares of its own bitcoin ETF for its Global Allocation Fund (@bitcoinmagazine)

• Unstoppable Domains launches tokenized ‘.com’ marketplace (CN)

• Coffeezilla handed lawsuit by Logan Paul for ‘defamation’ over CryptoZoo project (BLOCK)

• Solana memecoin $BODEN drops 40%+ after the presidential debate last night (@DegenerateNews)

• Dell Founder, Michael Dell, posted a picture of Cookie Monster eating Bitcoin 😋

• Hack VC partner writes on crypto’s time-based token vesting issues and potential solutions (HVC)

• Crypto companies are currently at the center for M&A activity (CNBC)

• Coinbase’s smart wallet could be a game changer for crypto UX (BLOCK)

• Find jobs in crypto via Working In Crypto (WIC)

• How celebrity tokens affect web3 (CT)

One day dreams will turn into reality 🤞

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