🥊 Sahil Arora Says He Will 'Expose' Iggy Azalea

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Sahil Arora, the controversial celebrity memecoin creator, is estimated to have made between $2 million and $3 million from alleged pump-and-dump schemes. In related news, Justin Sun launched a no-code memecoin launchpad on Tron.

Polymarket punters are betting that Kamala Harris will win the 2024 U.S. presidential election. Meanwhile, Eric Trump said the Trump Organization will enter web3 with a digital real estate platform.

Plus, EigenLayer denies accusations of employees coercing third-party projects for airdrop allocations, Vitalik dumps memecoins to make charitable donations, and crypto markets continue to retrace.

✍️ In today’s newsletter:

Sahil Arora bags millions from celeb memecoin schemes
Tron debuts SunPump launchpad
Kamala Harris leads Trump on Polymarket
Trump Organization plots digital real estate platform
Vitalik offloads 200 ETH in memecoins
Bears remain in control of crypto markets

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️🧠Sahil Arora Says It Took ‘A Lotta Brain’ Making Millions Off Celebrity Memecoins

Sahil Arora, the controversial memecoin creator accused of scamming celebrities, is estimated to have made between $2 million and $3 million from alleged pump-and-dump schemes this year. Arora is plotting revenge against his celebrity accusers, telling The Defiant he will soon “expos[e]” Iggy Azalea, an Australian rapper.

🆕Justin Sun Launches PumpFun Rival SunPump

Sun.io has launched SunPump, the first Tron-based memecoin launchpad. The platform takes inspiration from PumpFun, the bubbling Solana memecoin launchpad that recently bagged $5.3 million in daily fees.

🇺🇸 Kamala Flips Trump on Polymarket As Dems Open Up To Crypto

The odds on Polymarket imply that Kamala Harris is enjoying a 10-point lead over Donald Trump. Activity on Polymarket has soared to record highs amid the 2024 U.S. election cycle.

🏠The Trumps' New Crypto Venture Reportedly Involves Digital Real Estate

Eric Trump, the son of the Republican presidential nominee and the executive VP of the Trump Organization, said the upcoming crypto venture his family has been teasing will comprise a digital real estate platform. The move comes after Eric and Donal Trump Jr pledged to “take on” mainstream banks with the platform.

❌ EigenLayer Responds to Claims It Pressured Projects for Token Allocations

EigenLayer, the pioneering restaking protocol, has rebuked allegations that its employees coerced third-party projects into offering up memecoin allocations. The statement came after CoinDesk reported that EigenLayer employees enjoyed sizable airdrops from AltLayer, EtherFi, and Renzo.

❤️Vitalik Sells 200 ETH of Memecoins to Donate to Charity

Vitalik Buterin, Ethereum’s chief scientist and a frequent recipient of unrequested memecoin airdrops, has offloaded meme tokens worth 200 ETH. With many of the tokens donning an animal theme, Buterin decided to donate the $530,000 to an animal welfare fund.

📉Bitcoin Price Falls As Sellers Drive Price Action

Crypto markets continue to pull back as bears drive price action. In other market news, the market cap of BlackRock’s crypto funds has overtaken the combined capitalization of Grayscale’s crypto ETFs.

🌍 ELSEWHERE

South Korea's Pension Fund Snaps Up Nearly $34M MicroStrategy Shares (CoinDesk)
Malaysian Government adopts Worldcoin for proof of humanity digital identification (CryptoSlate)
Nigerian govt. freezes $37m worth of cryptocurrency traced to suspected protest organisers (Premium Times)
Lending Protocol Aave to Propose Onboarding TBTC in Response to Concerns About Latest WBTC Custodial Changes (Unchained)