🌶️ BTC hack worth of $238 million!

The weekend didn’t bring us anything clear or too volatile. Just a regular day in the office, we still range. The Monday isn’t special too, well yet at least. Except, Kamala Harris who wants to appoint Gary Gensler as treasury secretary, if she becomes president. It's not very comforting news for our space.

What else we have on this edition:

• ZachXBT reveals a major hack

• CNBC mentions Polymarket

• Pump Fun keeps on scoring the records one after another

• and more…

📰 Crypto & Finance News

• Kamala Harris would choose Gary Gensler (the ultimate enemy of crypto) as treasury secretary. Bearish.

• After all the storms, the Japanese Yen is getting stronger again. Insights of Omkar Godbole from Coindesk.

• Machi Big Brother is selling one of Bored Apes for $24 million. Quite a sum, innit?

• USDT is now available on Aptos.

🪂 Airdrops

• The Surge Volt 4 has started. Collect more LXP-L for a possible airdrop.

• Link your wallet to your Grass account before August 23rd.

• Swell Voyage snapshot has been taken. TGE news is to be announced soon.

🤡 Degen Section

• Even CNBC uses Polymarket as an indicator.

• Pump Fun surpasses Solana in monthly revenue. It has reached $27 million while Solana got $20.15 million. And its cumulative revenue is almost at $100 million within 8 months.

• Sunpump keeps growing (it’s the alternative for Pump Fun, just on Tron).

🔒 Security

• ZachXBT does a killer job again and reveals a hack of more than $238 million (yes, you read it right…). 4,064 BTC was transferred to platforms such as ThorChain, KuCoin, and Avalanche Bridge.

• A man who suffered losses from BitConnect, (possibly) has kidnapped two former employees. The action took place in India.

• Ransomware viruses raked in $450 million in the first half of this year.

🦁 Alpha, Opportunities & Insights

• Ether.fi presents its bank card to be issued in September. And you can order it now. Hurry up, because the number of cards to be issued is limited.

• Rhino.fi will offer bridging tokens to Berachain mainnet from more than 20 other chains after its launch.

📈 Other Metrics & Numbers

• Grayscale continues to sell ETH.

• 94% of Bitcoin is already issued. Only 6% left to mine, but it will take a while.

😶‍🌫️ To Cheer You Up

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Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.