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According to Senate staffer rumors, Kamala Harris is considering making anti-crypto SEC Chair Gary Gensler the Treasury Secretary under her administration. Republican Senate staffers and politicians are against this nomination, and Democrats are split around crypto support. There has been no official statement from the Harris campaign.
The SEC spoke with potential Solana ETF applicants about Solana possibly being a security. As a result, the Cboe agreed not to file 19b-4 forms, which would have started the official approval decision process. There might be new amendments to filings that would argue for Solana's status as a commodity. Experts believe Solana ETFs stand little chance of being approved under the Biden Administration and Gensler's SEC.
USDT is launching on the Aptos blockchain as part of its strategy to make digital currency more accessible and useful. The introduction of a top stablecoin on Aptos is a significant milestone. Recent metrics suggest Aptos has hundreds of thousands of daily active users and the capacity to handle 30,000 TPS.
BET is Drift Protocol's new Solana-based prediction market. It supports over 30 assets, including yield-bearing tokens like PyUSD and liquid-staked SOL, allowing users to earn interest on their positions. It also introduces “structured bets” which can hedge multiple long and short positions together. To incentivize growth, BET is offering a multiplier on points for the first two weeks.
This list provides a collection of dashboards and data sources to track the growth and activity within the Base ecosystem, covering key metrics like blockspace usage, stablecoin overviews, gas prices, user growth, and DEX activity. It highlights the development of a new, on-chain global economy that is decentralized and inclusive.
With the restaking narrative growing, protocols like EtherFi and Renzo continue with points programs to reward stakers with tokens. Swell, Eigenpie, Puffer, and Kelp have yet to release a token, though Swell targets an October launch. Mellow Protocol, the liquid restaking protocol for Symbiotic, has grown to over $650M in TVL and 40% of Symbiotic's TVL. Bedrock is offering liquid restaking for Babylon with WBTC.
Ethena, the platform behind USDe, has seen a $500 million decrease in USDe supply because of negative funding rates cutting into its yields. These poor conditions, coupled with the ineffectiveness of recent measures like adding Solana as a backing asset to reinvigorate the protocol, have severely impacted Ethena's growth and the value of its governance token, ENA.
L2s can play games by posting data to the mainnet, using blobs when it is cheap and slowing their posting frequency when it is expensive. During a previous period of high fees, Scroll stopped posting altogether while Taiko slowed its page. Mainnet power users and builders are critical to supporting ETH as a utility token, though L2s using it as their primary form of currency improves its monetary premium.
A hack has been detected on Parcl's official website that drains tokens from Solana wallets and displays fake transaction results in Phantom.
The pie chart shows that 60% of pump.fun traders were not profitable, ~5% broke even, and the remaining ~35% earned varying amounts, with only 0.5% making over $10K, highlighting the high risk and low profitability of their trading activities.
The chart indicates that Polymarket is expected to achieve ~$475M in trading volume and add 75K new accounts in August 2024, showcasing its growing popularity and influence as the US approaches the November elections.
CryptoPunk #5822 was recently sold in a private sale, though the price remains undisclosed - the Punk previously sold for 8K ETH (~$23.7M) in February 2022.
In the two weeks since its launch, €7.3 million EURC has been issued on Base, with adoption from various protocols and exchanges.