🚨What happened in Crypto in the last 12h?🚨
- Grayscale $ETHE Outflow slowing
- Coinbase listing $SD
- $COMP Fee Switch Triggered by Hacker
- $MKR Endgame Integration Program
- $EPX $VPR Token merge
- $NKN Mid-year Roadmap
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[Grayscale's $ETHE outflows are slowing slightly, with $1.7 billion withdrawn after 5 days, representing 20% of the starting assets. For the BTC ETF, the $BTC bottom occurred at cumulative Grayscale outflows of ~13.2%. If the ETH ETF launch follows a similar pattern as the BTC ETF launch, Ethereum’s price may have already bottomed and could rise for several weeks.]
• The U.S. government has transferred $2 billion in Bitcoin linked to Silk Road. It is highly likely that this is part of Coinbase's custodial contract.
• Coinbase will list Stader $SD on July 30.
• $COMP - It appears that Humpy and Compound have reached a truce. Humpy will cancel the proposal. In return, Compound will share fees earned with $COMP holders.
• $EPX $VPR - VaporFund and Ellipsis will merge to form $VPX. The merge date has not been disclosed yet, and the launch of the VPX App will be release soon.
• $DRIFT - Drift protocol will launch a US election predictions market soon.
• $ENA - Bybit will temporarily suspend Borrowing (UTA), Crypto Loans, and Bybit Savings for $USDE starting July 30 until further notice.
• $JTO - Jito tops all blockchain fee generators in 24h, and CEO hinted at an upcoming 'New bell curve' launch.
• $MKR - Maker CEO Rune announced that contributors will publish the Endgame Integration Program this week.
• $NKN - NKN announced a mid-year update for 2024. The team plans to expand to Solana.
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