🌶️ Michael Saylor reveals he holds more than $1B in BTC

The markets look much better today, however, it still doesn’t feel very comfortable. No clear direction or the news that would make everyone very bullish again. Well, let’s see how things turn out, especially after Japan changed its mind and the central bank won't raise interest rates when financial markets are unstable. Oh well…

And here is what we have for you in this edition:

• Jump Trading continues to cash out

• Eric Trump falls in love with crypto

• A person from Binance invited by Kamala Harris

• and more…

📰 Crypto & Finance News

• Eric Trump falls in love with crypto and DeFi. Instructs us to wait for a big announcement (announcement of an announcement?). And his brother posted this today. Be careful with what they’re going to release or state.

• Jump Trading continues to cash out the funds. They deposited USDC to Coinbase again on August 6th. And one more time today.

• K. Harris has appointed Binance alum David Plouffe and former Treasury Department official Brian Nelson as advisors.

• Morgan Stanley’s advisors pitch Bitcoin ETFs to its clients starting today.

• M. Saylor says he personally owns more than $1 billion in Bitcoin. Yup, that’s a lot.

• Ripple was ordered to pay a $125 million penalty in a civil SEC lawsuit. SEC requested $2 billion, Ripple offered $10 million. Did they meet at a fair spot?

🪂 Airdrops

• Magic Eden Foundation X profile name was changed to $ME. It means the only thing and you know it.

• Is Scroll airdrop coming out soon? Nansen shares a tempting screenshot.

• Solana SIM drops 2 months of free-usage vouchers to Solana Phone owners. The rest gets 1 month. A one-time payment of 0.01 SOL is required though.

🤡 Degen Section

• Pump Fun has updated its chat feature. Now threads are endless. Also, live chat during live streams is available now.

• Popcat is up by 20% within the last 24 hours and is one of the leading tokens on August 7th (does it still deserve to be in the Degen Section?). It was up by even 42% earlier today.

• Trump to post on X before the election is 59% on Polymarket. Quick reminder, Trump’s and Elon's interview will be available on X this Monday.

🔒 Security

• Nexera DeFi protocol hacked for $1.5 million via smart contract exploit. Around 34 million tokens were stolen.

• Unizen hacker has transferred $2.1 million of stolen funds to Tornado.cash. The funds were stolen on March 8th of this year.

🦁 Alpha & Opportunities

• Guide on how to mine $ORE.

• Death cross forms on Bitcoin charts. Stay aware!

📈 Other Metrics & Numbers

• Almost $60 million were bridged from different chains to Solana within the last 7 days.

• Grayscale Ethereum ETF outflows almost $40 million on August 6th.

• Meanwhile, Blackrock ETH ETF (ETHA) shows a positive number with $109.9 million in inflows.

• $SOL/$ETH breaks all-time high.

• Even $23 billion worth of Bitcoin has been bought by long-term holders in the past 30 days (404k Bitcoins).

😶‍🌫️ 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.