🚀 🤩 Bitcoin's Brief Dip Boosts ETF Balances

In today’s edition: 🕵️‍♂️ WazirX hack ties to Lazarus Group?, 🎯🔎 The Chopping Block: Trump, Senate, and SEC in focus, and more!

July 19, 2024

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Trump’s Crypto VP Pick, Senate’s Digital Commodities Act, and the SEC’s Future.

In this episode, hosts Haseeb Qureshi and Tom Schmidt invite Laura Shin and special guest Kristin Smith of the Blockchain Association to discuss the latest in crypto politics. We dive deep into JD Vance’s VP candidacy alongside Donald Trump and its implications for the crypto industry. We also explore the impact of recent political events on the crypto markets, the potential outcomes of key legislative efforts, and the future of the SEC post-2024 elections.

Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.

What’s Poppin’?

by Sam Sriram

Balances across US spot bitcoin ETFs have hit a record high of 900,636 BTC, worth around $63 billion.

India’s largest crypto exchange lost $230 million in a security breach — blockchain sleuth ZachXBT said the hack “has the potential markings of a Lazarus Group attack.”

Daily Bits… ✍️✍️✍️

  • 🔥 Messari CEO Ryan Selkis was advised by his company’s leadership to temper his social media activity following his controversial comments on Twitter.

  • 🔐 Mt. Gox creditors reported multiple failed login attempts on their accounts amid ongoing bitcoin repayments, raising concerns about potential security breaches as the claims portal went down for maintenance.

  • 🤒 President Joe Biden's chances of withdrawing from the presidential race rose to 84% on Polymarket following his Covid-19 diagnosis and statement that he would consider dropping out if he faced a significant medical issue.

  • ❌ LI.FI's incident report after its hack on Tuesday revealed a $12 million exploit affecting 153 wallets, attributing the breach to a human error during a smart contract update.

Today in Crypto Adoption...

  • 💶 Italy's Cassa Depositi e Prestiti and Intesa Sanpaolo completed a 25 million euro ($27.2 million) digital bond issuance on the Polygon blockchain as part of an European Central Bank trial, settling the transaction using the Bank of Italy's TIPS Hash Link tool.

The $$$ Corner…

  • 📊 Kleiner Perkins-backed Allium secured $16.5 million in Series A funding led by Theory Ventures to expand its enterprise-grade data platform, particularly aiding firms entering the digital asset sector.

  • 📈 Chainbase secured $15 million in Series A funding to expand its omnichain data network, aiming to deliver unbiased and transparent data across the cryptocurrency spectrum, backed by investors such as Tencent and Matrix Partners.

  • 🪙 Truvius, a crypto investment platform compliant with SEC regulations, raised $3.2 million in a pre-seed round led by Galaxy Ventures. The startup has partnered with Anchorage Digital to offer qualified custody and trading services.

What Do You Meme?

📈 Your Market Update 📉

  • BTC is down 1%, trading at $64,022

  • ETH is down 1.3%, trading at $3,400

  • BTC dominance: 51.37%

  • Crypto market cap: $2.46T

*All data as of today, 06:25 am ET. Source: CoinGecko

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