🔓EIGEN to Commence Trading on September 30

GM Defiers!

EigenLayer announced that restrictions on EIGEN transfers will be lifted on Sept. 30, allowing holders to to trade their tokens after months of anticipation.

Polymarket is reportedly planning a $50 million funding round that would distribute token warrants to investors, suggesting the booming prediction market platform will soon launch a token.

Crypto markets were relatively unchanged on Tuesday. ETH dipped 1%, while SOL and DOT rallied 3%.

Microstrategy’s stock has outperformed every company in the S&P 500 since it began hoarding Bitcoin in 2020. MSTR shares are up 1,070% in four years.

Plus, Celestia raises $100 million, Chronicle launches RWA oracle on Centrifuge, and Telegram updates its privacy policy.

✍️ In today’s newsletter:

EIGEN will become tradable on Sept. 30
Polymarket eying $50M funding round
Markets consolidate after solid week
MSTR beats out the entire S&P 500 after BTC buys
Celestia’s $1.1B unlock looms
Chronicle enters Centrifuge ecosystem with RWA oracle
Telegram revises privacy policy for criminal investigations

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📈 Markets in the last 24 hrs:

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Goat Network is the first BTC L2 to offer sustainable BTC yield

DIA launches ‘Lumina’ – a brand-new trustless oracle network. Its modular, rollup-based design enables the verifiable sourcing and delivery of any data to any blockchain. Fully decentralized and permissionless.

👀 EIGEN Tokens Will Become Transferable On Sept. 30

The EigenLayer Foundation said it plans to lift transfer restrictions on its EIGEN token on Sept. 30. The move will allow holders to transfer and trade the token for the first time.

💰 Polymarket Reportedly Eying $50M Fundraise and Token Launch

Polymarket, the booming web3 prediction market platform, is reportedly plotting a $50 million funding round. The round is tipped to include token warrant issuance, meaning investors could claim tokens at a later date. The rumored token could serve as a vehicle for replacing UMA’s Optimistic Oracle system for verifying the outcomes of real-world events.

📈Crypto Markets Consolidate as Spot ETFs Underperform

Ethereum ETFs recorded the most significant outflows since July, with $79 million withdrawn on Monday despite ETH rallying 11% last week. WIF surged 15%, followed by TIA, which climbed 10%, leading the top 100 digital assets by market capitalization.

🚀 Microstrategy Has Outperformed All S&P 500 Companies Thanks to Bitcoin

Microstrategy’s MSTR shares have beaten out the entire S&P 500 in the four years since the company began accumulating Bitcoin. MSTR has surged 1,070% since Aug. 10, 2020, while Bitcoin is up 425% over the same period.

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💵 Celestia Raises $100 Million Ahead of $1 Billion Token Unlock

The Celestia Foundation closed a $100 million funding round led by Bain Capital Crypto, bringing the project’s total funding to $155 million. The move comes as the organization plans to scale Celestia blocks up to 1 gigabyte each with the goal of dwarfing Visa’s throughput. However, more than $1.1 billion worth of Celestia’s TIA tokens are set to enter circulation next month.

📊 Anemoy Taps Chronicle For RWA Oracle On Centrifuge

Chronicle, the oracle provider that spun out from Sky (MakerDAO) last year, has entered the Centrifuge ecosystem. Chronicle is now providing both on-chain and off-chain data — including cash movements and assets held with an off-chain custodian — in real-time for Anemoy’s Liquid Treasury Fund.

👮 Telegram Will Share User Data with Authorities For Criminal Investigations

Telegram, the popular encrypted messaging application, unveiled a new privacy policy revealing the company will share a user’s IP address and phone number in the event of a criminal investigation. The move comes just a few weeks after the company’s CEO, Pavel Durov, was arrested by French authorities for alleged complicity in crimes organized by Telegram users through the app.

🌍 ELSEWHERE

SEC Gensler’s crypto crackdown under scrutiny as he testifies before Congress (CryptoSlate)
Bitcoin Miner From Network’s Earliest Months Is Sending BTC to Kraken (CoinDesk)
Turkey Shelves Plans to Tax Gains From Stocks and Crypto Market (Bloomberg)