Exciting news! We have officially added a daily edition to the Weekly Whale newsletter, and to go along with this we’ll be rebranding to “The Beluga Brief”. This means we’ll be able to deliver data-driven insights to your inbox every day of the week, spending our time in the crypto trenches and combing through thousands of crypto news feeds so you don’t have to.

What happened today?

Americans woke up to a small bounce on Bitcoin today which seems to have dragged the rest of the market up with it, however the two biggest winners of the day have been Aave and Fantom. These two have probably been the most talked about tokens in the Beluga Brief over the last few weeks, so it’s great to see both shooting up over 10% in the last 24 hours. FTM is mainly moving due to a thought piece from CTO Andre Cronje detailing how he plans to target a $11.3T industry using the new Sonic launch, which is expected in the next few months.

Outside of the “real token” world we saw memecoins also have a strong bounce today with WIF leading the charge at +12%, which could indicate there is still some life in the memecoin market. Volume in the smaller cap memecoins remains pretty low and the energy is still strongly “PvP” with traders rapidly dumping on each other, which is a trend that needs to reverse if we want the “Memecoin Supercycle” that the influencers have been calling for. I stand by my theory that the market is bored of tokens with no value, and there will be a strong move towards revenue-generating real-yield applications… could the Aave pump be the start of this?

Biggest Headlines

The Beluga intern has been hard at work gathering all the most important crypto news stories so you have them in one place!

The Majors

• Why this crypto hedge fund favors Bitcoin ahead of the US election

• Bitwise CIO says advisors adopting Bitcoin ETFs ‘faster’ than any other exchange-traded fund in history

Regulatory

• Crypto Fraud increased 45% last year to $5.6B, FBI Says

• Why we won’t see crypto legislation passed before the US election

Alt Coins

• TON hits record transaction highs post-Durov arrest as token plummets 30%

• Friend.Tech creators walk away with $44M as protocol shuts down

New Launches

• DefiLlama releases ‘LlamaFeed’, a customizable dashboard

Miscellaneous

• Why Tether invested $100M into a Latin American agriculture giant

Tweet of the Day

Looks like infamous influencer Machi Big Brother took an almost $17M loss on his $FRIEND position…

Recent Beluga Content

Check out Episode 17 of the Beluga Pod!

The content on this site is for informational purposes only and should not be construed as investment advice. While Beluga strives to ensure the accuracy and timeliness of information, there may be discrepancies when comparing our data to that of financial institutions, service providers, or specific product websites. Always consult with a professional before making any financial decisions.

Will McKinnon is the Head of Content for Beluga and has spent every day for many years trading coins. For that reason there are too many to name, however his largest holdings by a significant margin are Ethereum and Bitcoin. NFA DYOR