☕️ GM! Here are the top events in #Crypto from the past 24 hours
📊Market Updates
🔸BitMine now holds 833,000 ETH worth $2.9B, making it the largest public ETH holder. ARK, Thiel funds, and Bill Miller back the firm.
🔸Ethena's USDe surged 75% to $9.3B in market cap, becoming the third-largest stablecoin and driving its TVL to $9.4B in DeFi.
🔸Ethereum hit $238B in July transaction volume, its highest since 2021, with record activity and ETH price reaching $3,700.
🔸Hyperliquid hit a record $320B in July trade volume, holding 75%+ of perps DEX share. Drift surged 336% to $14.8B with fee-free BTC trades.
🔸The Ether Machine buys 10,605 ETH ($40M) and GameSquare adds 2,717 ETH ($10M), expanding their Ethereum treasury strategies.
🌟Highlights
🔸CFTC launches Crypto Sprint to implement Trump’s roadmap, aiming to bring crypto onchain and clarify rules with the SEC.
🔸Peter Thiel-backed Bullish files for IPO aiming to raise up to $629M at a $4.2B valuation with JPMorgan and Jeffries as lead underwriters.
🔸Verb stock jumped 200% after announcing a $558M raise and TON treasury pivot, rebranding as TON Strategy Co. to hold and stake Toncoin.
🔸Phantom acquired Solana memecoin platform Solsniper to expand its trading tools. Solsniper will continue to run as a standalone service.
🔸Solana begins shipping Seeker phone to 50+ countries after 150K pre-orders, with onchain features and $67.5M in projected revenue.
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