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
Spot ETF Flow for 30.07: BTC-ETF -$18.3M, ETH-ETF +$33.7M
https://farside.co.uk/?p=997
The SEC is suing the founder of Decentralized Social (DESO)
The SEC accuses him of fraud and selling unregistered securities.
https://www.sec.gov/newsroom/press-releases/2024-91
Binance Labs has unveiled the first batch of projects that it admitted into Season 7 Incubation:
Astherus is a liquidity hub for staked assets such as liquid staking tokens (LSTs) and liquid restaking tokens (LRTs).
https://x.com/AstherusHub
CYCLE NETWORK is a universal, secure and verifiable chain abstraction that offers a bridgeless aggregate liquidity network for all blockchains, whether L1s, L2s, EVMs, or non-EVMs.
https://x.com/cyclenetwork_GO
DILL is the most scalable data availability network, fully compatible with the Danksharding roadmap.
https://x.com/dill_xyz_
EigenExplorer is EigenLayer's first native DeFi protocol.
https://x.com/EigenExplorer
https://x.com/BinanceLabs/status/1818209794521702754
💧 Top 10 Tokens Launched in July by FDV
👉 https://dropstab.com/tab/july-tges-by-fdv-a0kq7d0hzo
The U.S. Securities and Exchange Commission intends to seek an amendment to its original complaint against crypto exchange Binance.
The SEC has previously named tokens such as SOL, ADA, MATIC, FIL, ATOM, SAND, MANA, ALGO, AXS and COTI as securities in the lawsuit against Binance.
https://www.theblock.co/post/308220/sec-binance-complaint-amendment
https://storage.courtlistener.com/recap/gov.uscourts.dcd.256060/gov.uscourts.dcd.256060.253.0.pdf
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
Auctions are back on CoinList
In 2020, CoinList ran 3 auctions:
Solana: closed at $0.22 per SOL
Flow: closed at $0.38 per FLOW
Celo: closed at $1 per CELO
https://blog.coinlist.co/auctions-are-back-on-coinlist/
The crypto market is neutral
BTC Dominance - 54.39%
Market Cap - $2.40T
BTC - $66,056 (-0.79%)
ETH - $3,292.36 (-0.73%)
BNB - $585.1 (+2.18%)
ZRO - $4.52 (+0.72%)
ZK - $0.15 (-3.96%)
STRK - $0.493 (-4.49%)
W - $0.2558 (-4.11%)
https://dropstab.com
Circle said to be trading around $5B valuation ahead of planned IPO: sources
https://www.coindesk.com/business/2024/07/30/circle-said-to-be-trading-around-5b-valuation-ahead-of-planned-ipo-sources/
Swell snapshot of the Pearls will be taken at Block 20422895 (estimated to be validated around midnight UTC tomorrow on Tuesday, 30th July 2024).
https://x.com/swellnetworkio/status/1817835444220141797
EVM Support (Beta) is now live on Keplr Wallet
https://x.com/keplrwallet/status/1818167295589634099
Layer3 trading has started on OKX, Bybit, Bitget and others.
L3 is now trading at $0.097.
FDV: ~$323M
https://www.bybit.com/en/trade/spot/L3/USDT