TL;DR

• Biden: A new Secret Service director will be appointed shortly.

• On its first day, the U.S. spot Ethereum ETF’s trading volume surpassed $1 billion, with Grayscale ETHE contributing about half of that amount.

• Flow Traders has confirmed it is the primary market maker for the 21Shares Ethereum Spot ETF.

• Trump: I never considered the CEOs of JPMorgan Chase or BlackRock for the position of U.S. Treasury Secretary.

• dYdX is in discussions regarding a possible sale.

• Tesla retained its $640 million worth of Bitcoin in the second quarter.

• Mt.Gox creditors have received their returned Bitcoins in their Kraken accounts.

• Digital bank Revolut intends to sell $500 million in employee shares.

• The parent company of Pudgy Penguins has raised over $11 million in funding.

Demex

Join the Biggest Cosmos Trading Competition on Demex

Grab Your 7 Day Free Trial

You're invited to upgrade your subscription to our Premium membership with a 7 day FREE trial!

No catches. No strings attached. Just pure crypto alpha to get you ahead!
Upgrade now for:

Ad-Free Experience 🚫👀
Weekly News Summary 📰🔥
Weekly Market Summary 💸📈
Weekly Airdrop Summary 🎁💎

All for just $15/month after the trial.
Don't miss out! Get your FREE trial today 👇

Alpha of the Day

New Boss at the Secret Service Helm Soon

Biden just announced that a fresh face will soon be leading the Secret Service. While we don’t know yet who will be swapping sunglasses and earpieces for a new director’s badge, it’s clear the Secret Service is in for a shake-up. Hopefully, the new boss will have a better understanding of cybersecurity than their predecessors. Maybe they’ll even bring in some secret agent gadgets straight out of a spy movie! Just don’t expect them to be anything like the suave 007—this is real life, after all.

Ethereum ETF Explodes on Day One

Move over, Bitcoin! On its very first day, the U.S. spot Ethereum ETF saw its trading volume skyrocket past $1 billion. Half of that came courtesy of Grayscale ETHE, showing Ethereum is no longer playing second fiddle in the crypto symphony. It seems like everyone and their dog was eager to get a piece of the Ethereum pie. Now, if only we could figure out how to mine Ethereum while walking the dog, we’d all be billionaires.

Flow Traders Takes the Lead in 21Shares Ethereum Spot ETF

Flow Traders has officially taken the crown as the main market maker for the 21Shares Ethereum Spot ETF. This means they’re the ones ensuring there’s always someone to buy or sell, keeping things as smooth as butter. It’s like being the bartender at the busiest crypto bar in town—they make sure everyone’s orders are filled and no one leaves without their Ethereum fix. Cheers to that!

Newsletter Bitcoin

Receive weekly Bitcoin summaries with news, insights and analysis on all things Bitcoin, all for free.

Trump: CEOs of JPMorgan and BlackRock? Nah

In a twist of political drama, Trump declared that he never even thought about hiring the CEOs of JPMorgan Chase or BlackRock as U.S. Treasury Secretary. It’s like saying he never considered hiring Batman or Superman—because why would he need superheroes when he’s got himself? Whether this is a move to keep the spotlight or just a swipe at the financial bigwigs, it’s classic Trump keeping us all guessing.

dYdX Mulls Over a Sale

Crypto platform dYdX is apparently flirting with the idea of selling itself. Think of it like a high-stakes dating game where suitors are waving fat stacks of cash instead of roses. Who will win the heart of dYdX? Only time will tell. But one thing’s for sure: this isn’t just a fling—it’s a potential game-changer for the DeFi scene.

Tesla Hangs On to Its Bitcoin Stash

Elon Musk’s Tesla decided to keep its $640 million worth of Bitcoin through the second quarter. While everyone else was panic selling or hoarding cash, Tesla stood firm like a Bitcoin HODLer at heart. Musk probably figures that if Dogecoin can go to the moon, Bitcoin is destined for Mars. Either way, Tesla’s crypto gamble is still on, and the stakes are high.

Creator Spotlight

Behind-the-scenes stories from across the creator economy.

Mt.Gox Creditors Get Their Bitcoin Back

The long-awaited moment has arrived: Mt.Gox creditors are finally seeing their Bitcoins again, safely nestled in their Kraken accounts. It’s like a long-lost treasure chest finally being unearthed. Now these folks can either cash in and celebrate or hold on for dear life, hoping Bitcoin’s rollercoaster ride takes them to even greater heights.

Revolut's $500 Million Share Sell-Off

Revolut is planning to offload $500 million in employee shares. It’s like a company-wide garage sale, but instead of old records and dusty furniture, it’s shares up for grabs. Employees might be cashing out to buy yachts or just a nice vacation, but one thing’s certain: Revolut’s still making waves in the digital banking world, and this move is sure to keep things interesting.

Pudgy Penguins Parent Scores Big

The parent company of Pudgy Penguins has waddled away with over $11 million in new funding. Yes, you heard that right—Pudgy Penguins are big money now. This isn’t just another cute NFT project; it’s a bona fide financial success story. With this new cash injection, these adorable digital penguins might just conquer the crypto Arctic.

Big Desk Energy

Startup insights, stories, and vibes sent to your inbox every Tuesday.

Follow us on X

Check out the Podcast

Listen to crypto founders and our weekly roundup on your favourite podcast platform