First of all, Google didn’t announce its Layer-1 chain ‘GCUL’ last week, it was actually launched months ago, and all the details were already available. No new info has been released since then & this news was also shared in the infinityhedge group that time as well & bloomberg and all also covered it
Week Ahead:
Mon: US Market closed
Trump’s Project WLFI’s launch on the ETH mainnet (At launch, $WLFI will enter the market with 24.67B tokens circulating)
Eric Trump expected to attend a shareholder meeting of Japanese BTC treasury firm Metaplanet
China manufacturing PMI, non-manufacturing PMI
Saylor expected to announce another BTC purchase
Tue:
US Congress returns from summer break
ISM Manufacturing PMI
Fed Governor Cook Hearing
Wed:
China military parade (WW II end anniversary). Xi, Putin and Kim Jong will attend.
U.S. JOLTs, Beige Book
Thu:
U.S. ADP, ISM Services PMI
Fri:
U.S. NFP; Economists expect 75k. BE expect 93k jobs — a modest improvement from July, and consistent with the story told by a broad array of labor-market indicators. We expect local government, leisure and hospitality, and construction to drive the improved hiring
Trading on an Intermarket Surveillance Group (ISG)-member market. No tokens besides BTC and ETH qualify this Condition
Underlying a regulated futures contract with ≥6 months’ trading history. DOGE, BCH, LTC, LINK, XLM, AVAX, SHIB, DOT, SOL, HBAR, ADA and XRP these meet this Condition due to listings on Coinbase Derivatives (a Designated Contract Market, DCM).
≥40% NAV exposure via an existing ETF on a national exchange. XRP & SOL may also qualify this Condition via existing futures ETFs tracking their spot prices.
CLARITY Act: Additional criteria (e.g., A minimum float-adjusted market cap, trading volume, liquidity, decentralization thresholds) are likely, informed by industry proposals (e.g., $500M market cap, $50M daily volume over 6–12 months) and the bipartisan CLARITY Act (under Senate consideration), which defines digital asset regulations and decentralization standards like blockchain must be fully open-source, “no fewer than X validators” or “top five validators control ≤40% of stake.”, No person or affiliated group may hold more than 20% of governance/voting power, no issuer or affiliate may own or control 20% or more of the total token supply.
Solana developers are proposing a major consensus overhaul with the Alpenglow proposal, currently in the validator voting stage. The new design aims to replace Proof-of-History and TowerBFT with Votor and Rotor, promising faster transaction finalization and improved network efficiency.
The Sandbox Cuts Half of Its Staff, Restructures as Animoca Brands Take Control
Aid flotilla with Greta Thunberg set to sail for Gaza to ‘break illegal siege’; Unspecified number of vessels due to depart Barcelona on Sunday, with dozens more expected to leave other Mediterranean ports on 4 September; Around 70 boats are expected to take part in the final leg of the journey. The fleet could reach Gaza around September 14 or 15. Israel has enforced a naval blockade around Gaza since 2007. Greta Thunberg actually goes out into the world and tries to do something about the things she believes in. Her critics just sit on their middle-aged arses bloviating about her.
“It does seem that stocks are expensive relative to what you might call reality. The last time this happened was probably around 1997...and the market went on to rally for another three years.”-Howard Marks
Thanks for reading! Subscribe for free to receive new posts and support my work.
