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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.