Aug 19: The Story of Grift City - How to Burn $140M in VC Money
Daily Crypto News19 Aug 2025

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
EMAIL the Host

Email: kyle@dailycryptonews.net


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