The Weekly Airdrop: 0x123

July 5, 2024 // Crypto market cap falls below $2T as BTC faces $12bn in potential selling pressure from Mt. Gox and German government; DeAI startup Sentient raises massive $85m seed round

Large Cap Leaderboard:

Sector Performance:

Top/Bottom Performers (Top 300):

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Decentralized Finance:

M31 Capital DeFi Index: (-10.3%)

DEFI NEWS

• Bitcoin Stumbles as Germany Liquidates $150 Million in Seized Crypto

• Over $170 Billion Wiped Off Cryptocurrencies as Market Tanks on Mt. Gox Bitcoin Payout Fears

• MiCA Approves Circle for Issuing Stablecoins in Europe

• Sony Group Planning Launch of Crypto Exchange With Acquisition of Amber Japan

• Symbiotic TVL Triples To $1B Within 24 Hours Of Raising Deposit Limits

• Solana Protocol Tops Ethereum in Daily Revenue Thanks to $51bn Memecoin Craze

• Aave Launches GHO Stablecoin on Arbitrum

• Pendle Hit with $3bn Drawdown as Restaking Airdrops Fade

• Lombard Raises $16M to Integrate Bitcoin’s Potential in DeFi

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Web3.0:

M31 Capital Web3 Index: (-14.7%)

WEB3 NEWS

• AI-Crypto Startup Raises $85 Million in Deal Led by Thiel’s Fund

• A STARK Breakthrough: Next-Gen Provers May Be at Least 100x Faster

• Bitcoin Scaling Protocol QED Raises $6 Million Seed Round at '9-Figure' Valuation

• United Nations, ICP Launch Digital Credentials Pilot in Cambodia

• Deutsche Telekom Joins Subsquid Decentralized Network

• Web3 Users Reached an All-Time High of 10M in Q2

• RedStone Oracles Raises $15M Led by Arrington Capital

• Freename and Fireblocks Collaborate to Enhance Security for Web3 Domains

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About M31 Capital

M31 Capital is a global investment firm dedicated to crypto assets and blockchain technologies that support individual sovereignty.

Website: https://www.m31.capital/

Twitter: https://twitter.com/M31Capital