ACE’S TAKE:
I’m currently touching sand so this is an abbreviated newsletter, but have been participating in the FriendTech revolution. I think it’s the best web3 social attempt yet and worth following along for developments and potential airdrop!
MARKET:
After weeks of sideways price action, crypto markets took a nosedive on seemingly no news. This could be construed as a healthy correction after rallying since June’s BlackRock ETF news. Lots of leveraged positions were wiped out, the second most since 2022’s FTX meltdown.
NEWS:
ETH Futures ETF expected to go live in the Fall:
Technically, SpaceX wrote down their BTC as a loss on their books:
Blad power:
Former FTX engineer begins tell all of the sham SBF empire that crumbled:
REGULATORY:
Extremely unfair charges handed to Tornado cash developers. Intent matters:
RUGS:
Leveraged yield farm on Optimism exploited for >$7m
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None of this is financial advice