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Crypto markets continue to drop as BTC nears $63k and ETH nears $2.9k. However, crypto companies are seeing progress, like Tether. Tether is the stablecoin issuer of USDT, that just announced they profited $5.2 BILLION in H1 2024 😆 Keep on scrolling for more!

• Tether reports $5.2B profit in H1 2024 - that’s nearly $1B profit per month 🤯 (CB)

• Morgan Stanley tells advisors they are allowed to pitch Bitcoin ETFs to clients (CNBC)

• BTC plunges to $66K after US government sells $2B of BTC (CD)

• Mt. Gox moved $2B to a new address (MR)

• Ark Invest adds Coinbase stock after selling $6.9M of its own Bitcoin ETF (BLOCK)

• Coinbase stock jumps as they beat revenue projections but miss earnings (IBD)

• US BTC reserve to be funded partly by revaluing Fed’s gold (CD)

• MicroStrategy earnings reveal $123M net loss, purchase of 12k+ bitcoin for $805M in Q2 (CT)

• Aptos Foundation and OKX Ventures partner for $10M Web3 Accelerator (CN)

• Morpho, a crypto lending firm, nails $50M in funding from top VCs like A16Z, Coinbase Ventures, Ribbit Capital, and more (CD)

• Particle Network closes $25M round led by Binance Labs (CNZ)

• Decentralized sports betting market DuelNow scores $11M from GEM Digital (CT)

• CoinFund leads $5M seed round for blockchain LinkedIn competitor, Icebreaker (BLOCK)

• Pichi Finance raises $2.5M seed round led by 3 VCs: UOB VM, Signum Capital, and Mantle Network (PF)

• Raad Labs emerges from Montauk Climate incubator with $2.25M backing from CoinFund for blockchain climate-tech solution (BW)

• A16Z Crypto leads Series A for decentralized energy management solution, Daylight (BN)

• Web3 and crypto startups raised over $1B in July (CT)

• European VC XAnge, is closing down its web3 funds with $600M AUM (SIFT)

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• Senator Cynthia Lummis officially proposes a Bitcoin Reserve bill (DT)

• Artists sue SEC to get it to sat NFTs are not securities (TD)

• ByBit exits France with concerns of EU’s regulatory plans (DT)

• Winklevoss claims Kamala reset is a bluff and calls for new SEC chair (TD)

• Bahamas pass DARE 2024 to restore crypto hub status (CS)

• Terra blockchain restarts after a $4M exploit (CD)

• One line of code erased led to a $212k hack for Convergence protocol (CT)

• Scammers used Elon Musk deepfake at Bitcoin 2024 Conference stealing $79k (NB)

• Compound governance attack reveals inherent vulnerabilities of DAOs (TD)

• SEC charged BitClout founder with wire fraud for misusing $7M (CD)

• July crypto hacks total $266M with 90% belonging to WazirX (CT)

• Router Protocol launches its mainnet (CD)

• Pump.fun flips ETH blockchain in daily revenue (TD)

• ETh layer 2 Eclipse launches mainnet powered by Solana (TD)

• Why is ETH demand lacking after ETH ETF? (CT)

• Tron surpassed ETH revenue (CT)

• Solana has beaten Ethereum in monthly DEX transaction volume with $55B in August (WG)

• Fidelity International lists BTC ETP on London stock exchange (TB)

• Movement Labs integrates with Polygon Agglayer to improve liquidity (TD)

• LLoyd’s of London-backed insurance policies can be paid in crypto (CD)

• Trump’s Bitcoin sneakers are reselling for 5x original price on PayPal (CT)

• DraftKings has decided to shutdown its NFT business (CD)

• NFT sales in July dropped 36.6% for a second consecutive month (NB)

• Kamala Harris odds to be elected U.S. President skyrocketed to 45% on Polymarket (DT)

• Anthony Pompliano believes BTC will be on US balance sheet in next 10 to 15 years (CD)

• Understanding a Strategic Bitcoin Reserve for the U.S. (CD)

• Musk delivers his thoughts on Bitcoin (F)

• Coinbase’s new product, Basename, an online identity tool (BLOCK)

• Crypto markets typically trend negative in August (BLOCK)

• A comprehensive guide to web3 development in 2024 (BN)

• Mark Cuban posts his thoughts on the importance of the California DMV blockchain use case

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