Investment & Legal Stance - Dragonfly invested in PepperSec, Inc (Tornado Cash developers) in August 2020, based on the belief in open-source privacy-preserving technology [1] - Prior to the investment, Dragonfly obtained a legal opinion confirming Tornado Cash complied with the law under FinCEN's 2019 guidance [1] - The government is contemplating charges against Dragonfly for the 2020 investment in Tornado Cash [2] - Dragonfly believes in Americans' right to privacy and stands by its investment, asserting it did not operate or control Tornado Cash, had no contact with malicious users, and encouraged legal compliance [3] - Dragonfly maintains Tornado Cash has a lawful right to exist, supported by Van Loon v Department of the Treasury [3] Cooperation & Investigation - In 2023, Dragonfly received a DOJ subpoena and fully cooperated with the government's investigation of Tornado Cash [4] - The DOJ has indicated that Dragonfly is not a target of their investigation [4] Potential Implications & Defense - Dragonfly believes the government's statement aims to undermine Tornado Cash's defense [5] - Charging a venture firm for a portfolio company's alleged misconduct would be unprecedented and induce a chilling effect on crypto and privacy-preserving technology investment in America [3][5] - Dragonfly intends to vigorously defend itself if the DOJ brings charges [6]

RT DeFi Dev Corp. (@defidevcorp)Imagine being a $SOL bear. https://t.co/PgAOU3ME6P ...

RT The Solana Post (@thesolanapost)🚨 $PENGU (@pudgypenguins) reclaims the throne as Solana’s top memecoin by market cap https://t.co/jGtPVG7Hwy ...

BITCOIN GOES TO $150,000 NEXT WEEK!!!!!! ...

BUY BITCOIN!!!!CBDC DIGITAL EURO SLAVERY COMINGGET BITCOIN FASTEuropean Central Bank (@ecb):The digital euro would be a digital form of cash: simple, free, inclusive, protecting privacy and accepted throughout the euro area, Executive Board member Piero Cipollone explains in an interview with @Delo. ...

Tax Revenue & Economic Impact - UK's capital gains tax increase led to an 18% fall in net capital gains tax revenue [1] - The capital gains tax revenue loss amounts to £27 billion [1] - High-net-worth individuals and families are leaving the UK [1] UK Economic & Social Climate (Perceived Negatives) - High taxes are a concern in the UK [1] - Unfavorable weather conditions are a perceived negative aspect of the UK [1] - Concerns exist regarding violent migrants in the UK [1] - Dissatisfaction with police actions targeting X (formerly Twitter) users [1] - Unfavorable cryptocurrency regulations are present in the UK [1]

Insider Activity & Profitability - Insiders sold 255 billion tokens, valued at $141 million, within 5-9 days post-TGE [1] - The team generated a profit of $3965 million from these sales [1] - Insiders initially held 40% of the total token supply, which was fully liquid from the start [1] Wallet Transactions & Token Movement - One wallet (Wintermute) sold 125 billion tokens for $672 million in just two days [1] - Another wallet moved 125 billion tokens through 13 separate transfers [1] - A third wallet sold 83 billion tokens worth $405 million by July 21 [1] - 13 billion tokens were transferred to FalconX, an institutional OTC desk, and another 125 billion to centralized exchanges [1] Market Impact & Price Fluctuation - The token price peaked at $00069 but has since decreased to $00025 [1] - Market capitalization decreased from $4 billion to $252 billion, potentially resulting in losses for most retail buyers [2]

RT Geiger Capital (@Geiger_Capital)Wow.Trump on mass immigration in Europe:“On immigration, you better get your act together. You’re not going to have Europe anymore… this immigration is killing Europe.” https://t.co/7lVTkIV7Bf ...

Personnel Change - BlackRock's head of digital assets leaves the company [1] - The individual joins SharpLink Gaming, the second-biggest Ethereum treasury company [1]

Competitive Landscape - Kaito's launchpad future is potentially threatened by Cookie's ACM in partnership with Legion [1] - Kaito faced negative feedback on its first sale, Espresso, due to high valuation and long vesting period [1] - Theoriq, Kaito's subsequent project, was better received due to lower valuation and shorter vesting [1] - Cookie's project, Almanak, falls into the same DeFi agent category as Theoriq [2] Valuation and Fundraising - Almanak has a $75 million (and $90 million) fully diluted valuation (FDV) and is fully unlocked at TGE [2] - Theoriq has a $75 million FDV with a vesting schedule of 25% unlock at TGE, 375% after 12 months, and 375% linearly over months 13–24 [2] - Almanak is raising approximately $2 million [2] Launchpad Platform - Legion has helped over 10 teams raise over $22 million, giving Almanak an edge over Kaito's in-house launchpad [2]