SPX6900 is a $640 million market cap memecoin with the quixotic goal of achieving a larger market cap than that of the S&P 500.

Monthly active addresses hit a record high of 220 million, noted a16z’s crypto research team.

GOAT, a memecoin popularized by an artificial intelligence agent named Terminal of Truths, is a reference to a pseudo-religion sparked by a conversation between two instances of the same Anthropic AI Model.

Grayscale Investments has filed to convert its $520 million Digital Large Cap Fund into an ETF.

A 2022 settlement with the CFTC requires Polymarket to block users in the U.S. from making trades, however.

Radiant Capital was exploited on Arbitrum and BSC after an attacker allegedly gained control of the protocol’s multisig wallet.

Two recent updates—one involving SOL as a potential backing asset for USDe and the other about a large planned investment in real-word asset products—appear to be behind the rise. 

The amount is a far cry from the $300 million the DeFi project is reportedly looking to raise in this initial sale, however. 

Memecoin Supercycle, Uniswap’s Chain Gamble, & Kamala’s Crypto Play

Unichain could redistribute millions of dollars in value to Uniswap Labs and UNI token holders, claims The DeFi Report’s Michael Nadeau. Not everyone is convinced that liquidity on the layer 1 will migrate.

Operation Chokepoint 2.0, Ethereum Innovation Push, & Polymarket Whales (feat. Stani Kulechov)

The Ethereum-based Layer-2 protocol announced that it’s allocating 5.5% of its token supply to the Binance launchpool.

The SEC is planning to recommend action against the second-largest NFT marketplace for selling unregistered securities. 

This week in crypto: The rise of Pump.Fun’s revenue, California DMV’s blockchain initiative, BitClout founder charged, and more!

 ‘Song-A-Day’ Man artist Jonathan Mann and Law Professor Brian Frye have sued the SEC to help provide regulatory clarity for digital artists who use blockchain technology and NFTs.

CryptoPunks and Bored Ape Yacht Club are reaching multi-year lows in floor price amidst a broader NFT downturn. However, Milady Maker and Pudgy Penguins are exceptions to the ongoing trend.

A 2022 settlement with the CFTC requires Polymarket to block users in the U.S. from making trades, however.

The amount is a far cry from the $300 million the DeFi project is reportedly looking to raise in this initial sale, however. 

If the Federal Reserve and FDIC are imposing an undisclosed rule, they may be in breach of the Administrative Procedure Act. 

FTX creditors will soon start to receive as much as $16.5 billion in distributions now that the bankrupt crypto exchange’s reorganization plan has been approved. But that doesn’t mean all this money will immediately flow back into the crypto markets. 

Unichain, intended to offer faster and cheaper transactions, unifies the experience cross chain and was made in collaboration with Flashbots, a firm known for its research in maximal extractable value.

While total value secured has been the primary metric to track oracle adoption, a Blockworks Research report funded by oracle provider Pyth suggests total transacted value as a better metric, which would place Pyth above its rival Chainlink.

Since Coinbase announced it added DEGEN to its listing roadmap, the token has seen its market cap surpass $160 million.

Bittensor, a decentralized AI project, is gaining attention as one of the most promising intersections of AI and crypto.