Coinbase Announces Second Quarter 2024 Financial Results
Total Revenue: $1.4B
Net Income: $36M
Adjusted EBITDA: $596M
https://s27.q4cdn.com/397450999/files/doc_financials/2024/q2/Q2-24-Shareholder-Letter.pdf
Spot ETF Flow on 1.08: BTC-ETF +$24.7M, ETH-ETF -$62.9M
https://farside.co.uk/?p=997
Injective Altaris is live on mainnet
Altaris is the first major upgrade to Injective following Volan which launched in January of 2024.
https://x.com/injective/status/1819109255762399249
Galaxy Announces Second Quarter 2024 Financial Results
Net loss of $177 million for the second quarter
Net income of $245 million for the six months
https://s201.q4cdn.com/407453138/files/doc_financials/2024/q2/Galaxy-Digital-Holdings-LP-Press-Release-6_30_2024.pdf
Andrei Grachev says that DWF Labs is working on CeDeFi synthetic stable coin.
https://x.com/ag_dwf/status/1818965161660576116
ApeCoin will launch an APE-themed hotel in a prime location in central Bangkok, Thailand.
Benefit to Apecoin ecosystem:
1. Revenue Generation: 50% of the revenues from themed rooms will be received by ApeCoin DAO for one year once these rooms are completed. DAO will receive revenue from all themed rooms, including APE, BAYC, Otherside, Apechain, Mocaverse.
2. Real-World Utility: Hotel rooms and bars will accept ApeCoin for payment.
3. Brand Exposure
4. Community Benefits: APE community members can use the rooftop bar for events for free.
5. Community Engagement:
Host events for ApeCoin members every two months.
6. IP Development and Diversity.
Total amount requested from the ApeCoin Ecosystem Fund = 410,000 APE (~$301K)
https://snapshot.org/#/apecoin.eth/proposal/0x6747c1e678671befb802c38277043a9c2aaa285ce13fbc3d45a9583a4495acf8
MtGox made repayments in Bitcoin and Bitcoin Cash to over 17,000 rehabilitation creditors to date
https://www.mtgox.com/img/pdf/20240731_f6e19c0e-85b0-41f6-8102-2e8cafc9c498_announcement_en.pdf
CoinList has announced Enso Token launch via Auction
The auction begins on July 31, 2024 at 17:00 UTC and ends on August 7, 2024 at 17:00 UTC.
Enso is the world’s first intent engine.
It enables app devs and users to express their desired outcome as an intent, allowing truly composable applications to be built without the necessity of building manual integrations, all in one network.
FDV: Determined by community
Total supply: 100,000,000
Allocated Supply: 5M ENSO (5% of total supply)
Starting Price: $8.00
Reserve Price: $1.50
TGE: Expected on or around September 15, 2024
Lockup: 15% unlock at TGE + 6 month linear vesting, TGE is expected on or around September 15, 2024
https://coinlist.co/enso
Former U.S. President Donald Trump took to social media on Wednesday to promote limited edition Bitcoin-themed sneakers shortly after the Republican candidate in this year's presidential election spoke at Bitcoin 2024.
https://www.theblock.co/post/308565/donald-trump-selling-bitcoin-sneakers-after-keynote-speech-at-bitcoin-2024
Justin Sun launches SUN DAO
SUN DAO is a platform aimed at achieving genuine community autonomy and open collaboration through blockchain technology and smart contracts.
https://x.com/justinsuntron/status/1818656086389670096
🚀 Top 10 Gainers Among Blockchains in July
👉 https://dropstab.com/categories/blockchain
💧 Top Funding Rounds in July
👉 https://dropstab.com/insights/latest-fundraising-rounds
💧 Top Blockchains by TVL Growth in July
👉 https://dropstab.com/categories/blockchain
MicroStrategy reported a second quarter net loss of $102.6 million or $5.74 per share versus income of $22.2 million or $1.52 per share one year earlier.
The loss came as the company took an impairment charge on its bitcoin holdings of $180.1 million versus $24.1 million in the second quarter a year ago.
https://www.coindesk.com/business/2024/08/01/microstrategy-posts-gainloss-on-impairment-charge-in-q2-report/
Fantom has rebranded to Sonic Labs
https://x.com/0xSonicLabs/status/1819057799722414538
In the past 24 hours, long positions worth ~$218 million were liquidated.
https://www.coinglass.com/LiquidationData
The crypto market is neutral
BTC Dominance - 54.78%
Market Cap - $2.32T
BTC - $64,620.58 (+0.93%)
ETH - $3,167.81 (-0.63%)
BNB - $572 (+0.14%)
ZRO - $3.99 (-7.25%)
ZK - $0.139 (-4.65%)
STRK - $0.455 (-3.29%)
W - $0.2405 (-3.83%)
https://dropstab.com
Binance Labs Invests in Particle Network
Particle Network is a modular Layer 1 blockchain that provides Chain Abstraction infrastructure to address liquidity and user fragmentation in a multi-chain world.
The amount of the investment was not disclosed.
https://www.binance.com/en/blog/ecosystem/binance-labs-invests-in-particle-network-to--address-user-and-liquidity-fragmentation-in-web3-2579347885390894943
U.S. Senator Cynthia Lummis officially introduced the Boosting Innovation, Technology and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act in the U.S. Senate.
Specifically, the legislation would:
Establish a decentralized network of secure Bitcoin vaults operated by the United States Department of Treasury with statutory requirements ensuring the highest level of physical and cybersecurity for the nation’s Bitcoin holdings.
Implement a 1-million-unit Bitcoin purchase program over a set period of time to acquire a total stake of approximately 5% of total Bitcoin supply, mirroring the size and scope of gold reserves held by the United States.
Be paid for by diversifying existing funds within the Federal Reserve System and Treasury Department.
Affirm self-custody rights of private Bitcoin holders and emphasize that the strategic Bitcoin reserve shall not infringe upon individual financial freedoms.
https://www.lummis.senate.gov/press-releases/lummis-introduces-strategic-bitcoin-reserve-legislation/
Tether releases Q2 2024 attestation: reports Record-Breaking $5.2 Billion Profit In First Half Of 2024
The second quarter of 2024 marked a significant milestone with a net operating profit of $1.3 billion.
https://tether.io/news/tether-q2-2024-attestation-reports-record-breaking-5-2-billion-profit-in-first-half-of-2024-highest-treasury-bill-ownership-ever-largest-ever-group-consolidated-equity-at-almost-12-billion/
MBA introduces CeDeFi Mining that maximizes liquidity mining rewards by leveraging Binance’s substantial liquidity.
MBA is a CeDeFi platform that combines the strengths of CeFi and DeFi to facilitate market efficiency and enhance compounding gains for traders.
https://x.com/bounce_finance/status/1818820669171278188
The crypto market is down
BTC Dominance - 54.31%
Market Cap - $2.32T
BTC - $64,052.4 (-2.98%)
ETH - $3,186.65 (-3%)
BNB - $570.7 (-2.49%)
STRK - $0.471 (-4.06%)
W - $0.2505 (-2.07%)
ZK - $0.1453 (-2.77%)
ZRO - $4.3 (-4.6%)
https://dropstab.com
XION has announced the launch of XionSpace, the AI-enabled digital asset platform powered by Chain Abstraction.
https://x.com/burnt_xion/status/1818648965509697876
Elixir, a modular blockchain project focused on providing liquidity for decentralized orderbook exchanges, has launched a synthetic dollar asset, deUSD, aiming to challenge Ethena’s USDe.
Elixir claims to have $1 billion in liquidity lined up to back the new yield-bearing token, alongside support from DeFi platforms such as Pendle, which is tokenizing and creating a market for Elixir’s Apothecary initiative — a points-based system to help users track their contributions to the network.
https://www.theblock.co/post/308489/elixir-synthetic-dollar-deusd
Bitcoin mining difficulty is ripping. Mining difficulty has adjusted upwards by 10.5% to a new all-time high at 90.7T.
https://x.com/SimplyBitcoinTV/status/1818586093593501763
ENS domains are available on Linea
https://x.com/lineabuild/status/1818275543072051693
Movement public testnet is live
Movement has also launched Building the Parthenon, its incentivized testnet program, and Battle of Olympus, the dev hackathon.
https://x.com/movementlabsxyz/status/1818301050035781845