📈 SOL/ETH Soars to New Highs

Together with

GM Defiers!

Brazil’s securities regulator is the first in the world to greenlight a spot exchange-traded fund investing in Solana. The news comes as SOL is posting new all-time highs against ETH. XRP is alro rallying after Ripple’s four-year battle with the SEC appears to be over. A U.S. district judge fined Ripple Labs $125 million for securities violations, and reaffirmed that secondary XRP trades are not securities sales.

Also, Web3 proponents and Democratic Party supporters have banded together to launch the Crypto4Harris advocacy group to counter Donald Trump’s efforts, Franklin Templeton launched a U.S. Treasuries fund on Arbitrum, and ETF investors shrugged the recent market crash.

✍️ In today’s newsletter:

Brazil approves spot Solana ETF
SOL breaks into new highs against Ethereum
Ripple fined $125M for securities violations
Democratic Party supporters launch Crypto4Harris
Franklin Templeton’s FOBXX live on Arbitrum
IMF to support El Salvador despite BTC exposure
Analysts warn markets could dip again
IBIT investors undeterred by sell-off
Grayscale introduces TAO and SUI funds

🙏Sponsored

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

What is Polkadot's Agile Coretime?

Polkadot projects rent out space in the network's parachains via its Agile Coretime model.

Create your account and start earning up to 16% per year on digital assets, or use your crypto as collateral to borrow funds from 2.9% per year. Join Nexo!

Meet our founder Camila Russo in Toronto on Monday, August 12 at our Blockchain Futurist side event.

Hosted with @ChainSafeth, @ChainPatrol, and @StartaleHQ, we'll have panels, networking and free drinks! Did we mention free drinks! 🍻

👉 Sign-up today and tell your friends: https://lu.ma/wn2padhjter Monday Rout

✅Brazil Approves Spot Solana ETF

The Brazilian Securities and Exchange Commission is the world’s first financial regulator to approve a spot ETF investing in Solana. Filings show the fund is currently in its “pre-operational stage” and awaiting additional approval from the local B3 stock exchange.

️⬆️️Solana’s Dominance Versus Ethereum Reaches New Highs

SOL is trading at an all-time high against ETH. The milestone comes as Solana’s memecoin and DEX trading segments shine, with Solana’s decentralized exchanges beating out Ethereum’s by volume in July and PumpFun’s revenue soaring.

⚖️Court Fines Ripple Labs $125M For Securities Law Violations

A U.S. district court fined Ripple Labs $125 million for securities law violations resulting from past XRP sales to institutional entities. The ruling appeared to conclude a four-year battle between Ripple and SEC. The markets have reacted bullishly, with XRP is up roughly 20% in 24 hours.

🇺🇸 Kamala Harris Edges Out Trump on Polymarket Amid "Crypto4Harris" Campaign

Democratic Party supporters are seeking to win back votes from digital asset users. The new Crypto4Harris advocacy group will host a virtual town hall on Aug. 15 featuring Mark Cuban, Anthony Scaramucci, and Democratic Party representatives.

💵️Franklin Templeton Expands On-Chain Treasuries Fund To Arbitrum

The Franklin OnChain U.S. Government Money Fund (FOBXX) is now live on Arbitrum. The move comes as on-chain U.S. treasury assets are enjoying a breakout year, with the sector’s market cap growing by 146% since the year began.

🇸🇻 IMF Says It’s Willing to Overlook Bitcoin Risk in El Salvador Agreement

The International Monetary Fund said it will work with El Salvador despite the nation’s heavy exposure to Bitcoin. The comments indicate the IMF is softening its stance, with the institution previously deterring El Salvador from pursuing its policy of crypto liberalization.