What happened in the crypto space in the past 12 hours:
• BoJ’s Uchida says they won’t raise rates if markets are unstable.
• SOL/ETH hits new all-time high. The next thing to watch is whether SOL/BTC will also hit a new all-time high.
• International Cat Day 2024, held annually on August 8th. Markets often interpret these events as catalysts for meme coins (e.g. World Frog Day).
• The U.S. Treasury will begin buying back up to $46 billion worth of outstanding government securities by the end of October.
•#BABYDOGE- Baby Doge announces Solana bridge and BabyDoge tokens on Solana expected to launch on September 5th.
• $DRIFT - Drift Protocol achieved $1 billion in daily volume during the recent market crash. Community will propose governance on token utility in August (DIP-2).
• $ENA - Ethena founder @leptokurtic_ hints at a big announcement this week (likely involving deployment on Solana).
• $OMNI - Omni Network hints at a new product release, expected to be a game.
• $RON - Ronin Network received notification from white hat hackers about a possible vulnerability in the Ronin bridge. All user funds are safe and the bridge will be audited before reopening.
• $SPEC - Spectral announced that Syntax V2 will be released soon. The update will include upgraded incentive and utility mechanisms.
• Nasdaq and BlackRock's application to add options to the Ethereum ETF has been published on the SEC website. The SEC's final decision on this could be around April 9, 2025.
• According to @PeterLBrandt, the current post-halving correction is similar to the 2015-2017 cycle, and the previous cycle suggests that a new bull cycle high may still be weeks away.
