02 Aug 202415:16
Project update
Crypto Events Recap, August 1-2

Crypto Events Recap, August 1-2

Polymarket

Surpassed $1B in trading volume since its inception, driven by US political bets. From June to August, Polymarket’s volume surged about 58%, from $663M to $1.05B.



Coinbase

Reported that it generated $1.45B in revenue during the second quarter of this year. Net income dropped to $36 million compared to nearly $1.2B in Q1.



MicroStrategy

Acquired 12,222 BTC for $805.2M since the beginning of the second quarter and introduced a new key performance indicator, BTC yield metric.



Ark Invest

Offloaded 108,751 ARK spot Bitcoin ETF shares on Thursday, worth $6.9 million and another $14.7 million worth of Coinbase shares $COIN.



Elixir Protocol

Launched a synthetic dollar asset, deUSD, aiming to challenge Ethena’s USDe. Elixir’s deUSD is fully collateralized, created using stETH as collateral.



Tether

Reports record-breaking $5.2B profit in the first half of 2024 with the highest treasury bill ownership and largest group consolidated equity at almost $12B.



Ripple

Announced a $10 million allocation in tokenized U.S. Treasury bills on the XRP Ledger, marking the first issuance of such tokens on the platform.



CredeFi

Teamed up with Creditcoin to integrate its network, providing users with access to CredeFi innovative NFT Bonds and new derivative instruments.



Bracket Labs

Announced the launch of the BARS staking program. Bracket, backed by Binance Labs, building liquid-staked DeFi solutions.



BLOCKLORDS

Reports that the Dynasty game hit 1,000,000 unique active wallets In just 2 months since launching on Base Network.



Notcoin

Launches the Lost Dogs, a new community-driven telegram game where users can earn $NOT and receive a new $WOOF token.



SUN

Unveiled the launch of SUN DAO, a framework for community members to participate in development and governance.