☕️ GM! Here are the top events in #Crypto from the past 24 hours

📊Market Updates

🔸Joe Lubin-chaired SharpLink buys 83,561 ETH for $304M, boosting total holdings to 521,939 ETH, over $1.9B. Now 2nd-largest ETH treasury.

🔸Spot ETH ETFs saw $465M in outflows, the largest daily drop yet. Analysts cite short-term profit-taking, not waning institutional demand.

🔸Coinbase to raise $2B via private convertible notes after Q2 revenue dip. Proceeds may fund operations, debt, or more BTC buys.

🔸MEI Pharma buys $100M of Litecoin as its main treasury asset, becoming the first U.S.-listed firm to do so.

🔸Bit Mining buys 27,191 SOL for $4.9M and launches its own validator, joining growing trend of public Solana treasury strategies.

🌟Highlights

🔸SEC confirms liquid staking activities and staking receipt tokens are not securities, easing compliance worries for crypto participants.

🔸SEC updates guidance: USD stablecoins with guaranteed redemptions may now qualify as cash equivalents under accounting rules.

🔸Trump to sign executive order targeting crypto debanking, threatening penalties for banks and directing regulators to investigate violations.

🔸Coinbase launches Embedded Wallets SDK, letting devs integrate self-custodial wallets with built-in swaps and onramps using minimal code.

🔸Linea to auto-stake bridged ETH via Lido v3, aiming to solve DeFi yield inefficiencies and boost staking rewards for users.