🕵️ Certik Under Fire: Did They 'Extort' Kraken?
In today’s edition: 🪦💀 Are airdrops dead in crypto?, ✂️ Jupiter’s 30% supply cut boosts JUP, 🌟🚀 EIGEN airdrop phase 2 launches, and more!
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Iggy Azalea, $MOTHER, and Celeb Coins: Is This the Top of the Crypto Cycle?
A few weeks after its launch, Iggy Azalea’s MOTHER memecoin is still in the spotlight. Host Joe McCann, who recently had dinner with her in New York, gives the inside scoop on how Iggy’s $MOTHER came to be, plus her plans.
Also, Joe says Iggy is so bullish on Solana because it’s fast and cheap… but James Seyffart counters… nothing can be fast, cheap and good. Except ETFs.
Guests Phill Bonello and Kelly Greer delve into the role of venture capital in crypto, and more particularly into dynamics between liquid hedge funds and massive token generation events. And James tells a mind-blowing story about how one ETF and obscure SEC rules could cause whiplash the prices of Apple and Nvidia stock over the next few months.
Plus, after SEC head enforcer David Hirsch resigned this week, everyone gave their takes on why. Is Hirsch going to BlackRock, or was he scared about a potential lawsuit?
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Overcast, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform. Or watch it on YouTube.
What’s Poppin’?
by Sage Young, Juan Aranovich and Sam Sriram
Is Certik ‘Extorting’ Kraken After Withdrawing $3 Million From Its Treasury?
“This is not white-hat hacking, it is extortion!” said Kraken’s chief security officer after revealing that a team of security researchers, who disclosed a bug, stole nearly $3 million from the exchange’s treasuries.
Airdrops Just Aren’t Working Anymore
As more projects fall victim to “mercenary airdrop farming,” could the crypto industry’s obsession with airdrops finally be coming to an end?
Jupiter Co-Founder Meow Proposes 30% Cut to JUP Supply, Sparking 7% Gain
In addition to reducing the total supply, the proposal from Jupiter’s co-founder Meow also aims to cut the team’s assigned token allocation as well as introduce a “corresponding 30% reduction in Jupuary emissions.”
EigenLayer’s Second Phase of EIGEN Token Airdrop Goes Live
The second phase of EigenLayer’s EIGEN token airdrop is now live, expanding the protocol’s total token distribution to 113 million.
Daily Bits… ✍️✍️✍️
🪂 LayerZero Foundation began ZRO token airdrop claims today, distributing 85 million ZRO tokens to eligible participants.
📜 Kenyan authorities dropped the probe against Worldcoin, clearing the way for its potential return.
💼 A German government agency transferred $425 million in bitcoin, moving portions to Kraken and Bitstamp, indicating potential sales.
🚫 A Nigerian court dismissed Binance executive Nadeem Anjarwalla’s human rights lawsuit; Anjarwalla remains sought by Interpol after escaping detention in Nigeria.
🏛️ Jump Crypto added $10 million to the Fairshake PAC, increasing its campaign fund to almost $169 million.
📊 Stablecoin FDUSD's trading dominance persists despite Binance ending its "zero fee" promotion, accounting for 33.55% of spot trading in June.
🏨 FTX demanded the return of $5 million used to purchase a venue hosting right-wing events.
🎁 Binance launched HODLer Airdrops, rewarding BNB holders with early access to tokens from upcoming projects.
The $$$ Corner…
💼 Bondex, a Web3 LinkedIn alternative, raised over $10 million from investors including Animoca Brands and Morningstar.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 0.9%, trading at $65,732
ETH is up 1.4%, trading at $3,584
BTC dominance: 51.35%
Crypto market cap: $2.52T
*All data as of today, 06:22 am ET. Source: CoinGecko
Recommended Reads
DL News: Why Pantera Capital says Biden’s crypto pivot is sincere
The Block: Here's how Ethereum's governance was reshaped after The DAO attack
Tokens is a Financialized Belief System by Dovey Wan from Primitive Ventures
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