TL;DR

• The circulation of USDC grew by approximately 200 million over the past week.

• Rho Markets has completed its fund allocation, and the protocol is now back online.

• The tokens transferred by Arkham to the Coinbase Prime address have been distributed to 239 different addresses.

• Tokens like ALT, YGG, and AGIX are set to be unlocked next week.

• BlackRock affiliates short-sold 12 million shares of DJT before Trump was assassinated.

• The cumulative net inflow of U.S. spot Bitcoin ETFs has surpassed $17 billion.

• WazirX has increased its white hat bounty to 10%.

• DEX transaction volume reached $370.7 billion in the second quarter, marking a 15.7% increase month-on-month.

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Alpha of the Day

USDC Circulation Surges by $200 Million

In the world of stablecoins, USDC just hit the gym and bulked up by a cool $200 million in circulation over the past week. It seems like everyone's favorite digital dollar is becoming the go-to for crypto enthusiasts who prefer their coins to be less roller coaster and more merry-go-round. This surge might be the financial equivalent of finding a forgotten $20 in your jeans – only on a much larger, crypto-scale. It's safe to say that USDC is flexing its stable muscles, keeping things steady in the wild west of cryptocurrency.

Rho Markets Bounces Back

Rho Markets has officially completed its fund allocation and is back online, like that one friend who always bounces back stronger after a setback. After some financial housekeeping, the protocol has dusted itself off and returned to the scene, ready to take on the market with renewed vigor. It's the comeback story we all love to see, complete with a triumphant return that makes everyone wonder how they ever managed without it. The message is clear: Rho Markets is back, baby, and it means business.

Arkham's Token Distribution Extravaganza

Arkham just played Santa Claus in the crypto world, distributing tokens transferred to the Coinbase Prime address across 239 different addresses. It's like an Oprah giveaway moment: "You get a token, you get a token, everybody gets a token!" This strategic distribution move is sure to make many wallets happy, spreading the crypto wealth far and wide. It’s a reminder that in the digital currency world, sharing is caring – especially when it involves a treasure trove of tokens.

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Token Unlock Bonanza

Next week is shaping up to be a crypto Christmas with tokens like ALT, YGG, and AGIX set to be unlocked. It’s like someone found the key to the digital candy store and decided to share the goodies. For those holding their breath and their tokens, this unlock event could be the moment they've been waiting for. It's time to check those wallets and get ready for a flurry of activity as these newly liberated tokens hit the market, potentially shaking things up like a snow globe.

BlackRock’s Short-Selling Drama

In a plot twist worthy of a financial thriller, BlackRock affiliates short-sold 12 million shares of DJT before Trump was assassinated. It’s a storyline that could rival the most gripping episodes of your favorite series – financial intrigue, high stakes, and a dramatic twist. Whether it’s sheer coincidence or a masterstroke of market strategy, this move has definitely turned heads and sparked conversations. One thing’s for sure: in the world of high finance, timing is everything.

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Bitcoin ETFs Break $17 Billion

The cumulative net inflow of U.S. spot Bitcoin ETFs has just surpassed a whopping $17 billion, making it rain in the crypto market. It's like watching your favorite underdog sports team suddenly start winning game after game – exciting, unexpected, and oh-so-satisfying. This milestone is a testament to the growing confidence in Bitcoin ETFs, as more investors hop on the bandwagon, fueling the market with their enthusiasm and dollars. Get ready for the fireworks, because the crypto parade is in full swing.

WazirX Boosts White Hat Bounty

In a move that’s sure to make ethical hackers do a happy dance, WazirX has increased its white hat bounty to 10%. It’s like adding extra sprinkles on a cupcake – making an already sweet deal even sweeter. This incentive is a clear shoutout to the security-savvy folks who help keep the digital space safe. By rewarding good behavior with a bigger slice of the pie, WazirX is setting the stage for a safer, more secure crypto world, one bounty at a time.

DEX Transaction Volume Skyrockets

Decentralized exchanges (DEX) have hit a new high, with transaction volume reaching $370.7 billion in the second quarter – a 15.7% month-on-month increase. It’s like DEXs just discovered their favorite workout and are now showing off their gains. This surge in volume is a clear sign that more traders are embracing the decentralized lifestyle, pushing the boundaries of what’s possible in the crypto space. The message is loud and clear: DEXs are on the rise, and they’re not slowing down anytime soon.

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