💬 Conference Showdown

Together With:

Sponsor Our Newsletter | Trade Crypto

Today’s edition is brought to you by MEXC. Trade Crypto with the lowest fees on the market.

Good Morning!

ETH ETFs started trading yesterday, with $107M in inflows. ETH was volatile but ultimately ended up trading sideways, whilst the rest of the market pulled back slightly.

Let’s jump in. 👇️

Markets

Ether ETFs See $107M Inflows on Day One as Trading Volume Tops $1B (1 minute read)
Ethereum ETFs started trading yesterday, trading over $1 billion worth of shares, according to Bloomberg. A net inflow of $106.7 million marked the occasion, but the real story was the $484 million outflow from Grayscale's Ethereum Trust (ETHE). The Grayscale outflows is fairly reminiscent of the early days for Bitcoins own ETF.

Bitcoin Conference could host huge election showdown with Kamala Harris as potential speaker (2 minute read)
Kamala Harris might join Donald Trump at the upcoming Bitcoin Conference. David Bailey, CEO of Bitcoin Magazine, confirmed ongoing talks for the Vice President to speak at the event. Her campaign team is expected to decide today. Bailey tweeted that it would be a savvy move to "reset the Democrat positioning on the fastest growing voter block in the country."

If Harris agrees, it could set the stage for a significant political showdown. Reports indicate that Democrats are concerned about Trump's growing support among crypto enthusiasts. Trump, scheduled to speak on July 25, plans to discuss crypto regulation and rumors are circulating about making Bitcoin a reserve asset if re-elected.

Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics (2 minute read)
Citi has upped its share price target for Coinbase, pointing to a "shifting" political landscape and a recent Supreme Court decision as bullish factors for the stock. The bank believes these developments are fostering an "improving regulatory landscape" for crypto assets amid the ongoing U.S. election race.

Interestingly, despite the SEC's enforcement actions against crypto firms, including Coinbase, Citi analysts argue that the "balance of power" now tilts in favor of Coinbase and digital asset companies. 

Misc

dYdX website compromised following news of sale (2 minute read)
DeFi exchange dYdX is negotiating the sale of a portion of its derivatives trading software for an undisclosed amount. This sale involves the v3 software, a previous version known for its high liquidity and low slippage rates for large transactions.

However, on July 23, dYdX's official X page announced that the v3 website had been compromised. "We just learned that dYdX v3 website (dYdX . exchange) has been compromised," the post read.

Since the news broke, the dYdX token has fallen by over 10%. The potentially compromised website is the same older version of its trading platform currently being considered for sale.

How RWAs and Funds on Solana are Democratizing Access (4 minute read)
Institutional finance has traditionally been exclusive, often requiring minimum investments of $250,000 through firms like Morgan Stanley, and sometimes a minimum income of $300,000. This has left many investors out in the cold.

Enter Solana. Known for its high-throughput capabilities, often described as "Solana at NASDAQ speeds," it’s becoming the go-to blockchain for bringing real-world assets onchain. Solana's co-founder, Anatoly Yakovenko, highlights its potential to revolutionize traditional finance.

In May, Solana handled $2.4 trillion in stablecoin volume, accounting for two-thirds of all onchain stablecoin transactions, according to Artemis. With its unparalleled technology and liquidity, Solana is the ideal ecosystem for digital assets. Libre is leveraging Solana to make finance more accessible, bridging the gap between TradFi and the blockchain world.

Our Recommendations:

💻️MEXC - Where we find and trade new coins with low fees
📈TradingView - Software we use to chart Crypto.
🔐Trezor - Our favorite hardware wallet to keep our Crypto secure.
🦑Kraken - Where we buy crypto with cash / withdraw profit to our bank.

Thanks for reading, if you enjoyed, tell your friends!

P.S: If you're interested in the wider investing world. Check out our flagship publication.