🌶️ Nothing new after D. Trump and K. Harris debate. Crypto wasn't mentioned at all

The debate has finally happened. And, drums… Crypto wasn’t mentioned! They talked about Haitians who eat cats in Ohio and the real madness of memes now cooks on social media. Well, at least it is fun.

Other than that, we went down after the relief bounce. No something crazy, but still red color is not what cheers us up (except if you are a bull). Oh, and that ignited a real craziness of liquidations, on the other hand, no records were beaten. That means crypto nature is healing and over-leveraged traders are washed out.

And here is what you’ll read in today’s edition:

• Indonesian crypto exchange hacked

• Tether profits are bigger than Blackrock’s

• Chances of the presidential candidates change on Polymarket

• New airdrop opportunities and alpha

• and more…

📰 Crypto & Finance News

• US inflation has dropped to 2.5%, coming in lower than expected. And it’s the lowest over 3 years.

• FriendTech has sold $52 million of its assets, the $FRIEND price has plummeted, and they relinquished control over the project’s smart contracts forever. Is it a rug?

• India has led in crypto adoption for the second consecutive year, according to a report by Reuters.

• Caroline Ellison's sentencing is around the corner. The attorney says she shouldn’t go to jail. Do you agree?

🪂 Airdrops & Opportunities

• Mint Morkie My Story NFT. It’s on Story Testnet, so it means - free.

• Reminder from EigenLayer! Verify your eligibility for Season 2 Stakedrop. It ends on the 13th of September.

• Join Myriad Markets Beta waitlist.

• Get the Segmint XP points if you are a holder of Pudgy Penguins NFT. Lil Pudgies and Rods are also included.

🤡 Degen Section

• After yesterday’s debate D. Trump and K. Harris have 50% vs 49% chances on Polymarket. And yeah, I don’t know where that 1% has gone.

• Donald Trump's statement about immigrants 'eating the pets' had little impact on pet meme coins. Quite surprising to be honest, looks like PumpFun is really dry at the moment.

• From $80k to $1.2 million and then to zero. Roundtrip story by Arkham Intel.

🔒 Security

• Indonesian crypto exchange Indodax was hacked for $22M, prompting a halt in operations to prevent further losses.

• Ethereum phishing website has appeared on DuckDuckGo and Bing search engines. Stay vigilant! 

• Regarding yesterday’s claims that Monero's privacy has been broken. Here is the answer from Monero user Csilla Brimer — “Long story short, this strategy doesn’t compromise on-chain privacy for users who avoid these fake nodes or use Tor”. More in the link.

🦁 Alpha & Insights

• BlackRock's ETF now holds nearly 2% of the total Bitcoin supply. Video inside.

• New Asset Dash update. Update your app and start saving even more.

• Solana Breakpoint 2024 timer on Jupiter Exchange is now ticking.

• Step Finance introduces its new Step Data API.

📈 Other Metrics & Numbers

• Miners have sold over 30,000 BTC (approximately $1.71 billion) in the past 72 hours.

• Tether's $6.2 billion profit in 2023 exceeded BlackRock's $5.5 billion.

• More than $160 million was liquidated within 24 hours due to traders adjusting to a 25bps Fed rate cut expectation, down from 50bps.

• The stablecoin market cap on Layer 2 solutions has just exceeded $10 billion.

😶‍🌫️ 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.