"There Is No Second Best" - Michael Saylor

️ On today's Top Picks:

Crypto News

• ⭐️ SEC delays decision on BlackRock spot Ethereum ETF proposal.

• Tether $USDT supply nears 100B with current ATH supply of ~99.5B.

• Coinbase glitches and shows $0 balances for a second time.

• US court rules trading of certain crypto assets on secondary markets are securities transactions.

• ⭐️ US Government to destroy Bitcoin $BTC mining data after successful lawsuit.

• Taiwan to propose a draft law targeting virtual currencies in September.

• South Korea launches probe on Worldcoin $WLD amid privacy concerns.

• Wall Street Journal sued for alleged defamation in 2023 Tether-Bitfinex article.

Alpha

• Karak Network introduces support for Swell $rswETH.

• ⭐️ Parallel Network Early Access Testnet launches today.

• Tabi Chain launches Testnet though features will be unveiled step by step.

• Intract launches new Blast Bang quest with Interport Finance.

• Ten launches Stage 3 of Meet Ten Campaign on Galxe.

Airdrops

• Aevo opens voting for AGP-1.5

• Aark Moon Festival Phase 1 airdrop campaign is live.

• How To Set Yourself Apart For Airdrops by Crypto Snooper.

Finance News

• ⭐️ MicroStrategy $MSTR to raise $600M and use it to buy more Bitcoin $BTC.

• Ark Invest sells ~$45M worth of Coinbase $COIN shares.

• Nvidia $NVDA passes Suadi Aramco in market cap becoming 3rd largest company.

• Reddit seeks up to $6.5B valuation in upcoming IPO.

• Lockheed Martin $LMT looks to acquire Terran Orbital for nearly $600M.

Security and Exploits

• SlowMist Weekly Security Report highlights over $11.42M in estimated losses.

• Blockaid discovers Proxy Attack, a new attack vector used by drainers.

• US Agencies warn of Phobos ransomware attacks targeting critical infrastructure.

• US court orders NSO Group to disclose source code of Pegasus spyware to Meta.

• US DOJ indicts Alireza Shafie Nasab for cyberattacks and offers $10M for info leading to his capture.

Token Unlocks

• Liquity / 657.35K $LQTY / ~$1.1M / MAR 04
• Galxe / 2.03M $GAL / ~$6.9M / MAR 04
• Hashflow / 13.62M $HFT / ~$6.8M / MAR 06
• Moonbeam / 3.04M $GLMR / ~$1.6M / MAR 10

Funding

• ⭐️ Taiko, an Ethereum-equivalent ZK-EVM; raises $15M in Series A funding led by Lightspeed Faction, Hashed, Generative Ventures, and Token Bay Capital.

• Privasea, a privacy computing AI network; raises $5M in Seed funding.

• Stack, a platform for points systems onchain; raises $3M in Seed funding led by Archetype.

• Scallop, a money market on Sui; raise $3M in Strategic funding co-led by CMS and 6th Man Ventures.

• bitSmiley, a BTC-Native stablecoin protocol; raises an undisclosed amount in Strategic funding from KuCoin Ventures.

The Degen Farmer