Aug 19: The Story of Grift City - How to Burn $140M in VC Money

HEADLINES FOR AUGUST 19

• Wyoming shocks markets with its multi-chain “Frontier” stablecoin launch.
• 1inch unveils native Solana-to-EVM swaps, no bridges required.
• Chamath’s $250M “American Exceptionalism” SPAC reignites the Grift City debate.
• Story Protocol implodes—$140M raised, $25 in revenue, and a vanishing CEO.
• Do we really need more L1s? DeFi Llama data shows daily revenues scraping the bottom.

Little Bitz

• Solana hits 100K TPS in test run post-Alpen Glow
• Tether hires Bo Hines, ex-White House Crypto Council head, as U.S. advisor
• Bullish IPO: Raised $1.1B at $37/share, $5.4B valuation (Owners of Coindesk and Peter Thiel-backed operation)

WHERE TO FIND DCN

• dailycryptonews.net
• https://twitter.com/DCNDailyCrypto

EMAIL the Host

Email: kyle@dailycryptonews.net

*****

Magic Newton Wallet

https://magic.link

Trader Cobb X: @TraderCobb

https://www.thegrowmeco.com/

Editing Services

https://www.contentbuck.com

——————————————————————

***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!

Hosted on Acast. See acast.com/privacy for more information.