07-10-2024

Author

Fernando Fierro
October 07, 2024

Howdy folks,

🎨💻 Melania Trump is poised to expand her Web3 venture, focusing on aiding foster children, contingent upon a potential return to the White House. Initially launched in 2021, "Melania’s Vision" NFT reflects her dedication to the arts and financial support for children, a cause tied to her "Be Best" initiative.

With more ideas brewing, she plans to enhance the platform by adding staff, aiming to provide essential computer skills to foster youth.

In other news:

💰📈 Metaplanet has significantly bolstered its Bitcoin portfolio, acquiring additional holdings amounting to $6.74 million, bringing their total to over $40 million. The Japanese firm reiterated its commitment to Bitcoin, ruling out any pivot to altcoins, while capitalizing on the current market volatility through strategic BTC option sales.

Metaplanet’s strategy aims to solidify its financial stability and enhance its long-term Bitcoin exposure.

🌐⚖️ The SEC's unexpected appeal against the Ripple ruling has sent shockwaves through the crypto market, resulting in significant double-digit losses across popular cryptocurrencies. XRP, Ripple’s native token, plunged by 15.9%, while retail favorites Dogecoin and Cardano saw declines of 12.8% and 12%, respectively.

The crypto landscape remains turbulent, with ongoing regulatory pressures raising fears of extended scrutiny and eroding investor confidence across the board.

🪙🔄 Ethereum co-founder Vitalik Buterin has traded various meme coins and USDT for 140.6 ETH, worth approximately $340,000. This transaction aligns with his recent donation of 100 ETH to the "Free Alexey & Roman" campaign, supporting Tornado Cash developers' legal defense.

Despite the crypto community's call for further charitable contributions from the remaining 50 billion MOODENG in his wallet, Vitalik has yet to address these transactions publicly.

DailyCoin Daily Meme

Telegram CEO Teases NFT Conversion Feature for Gifts

Telegram embraces NFTs, allowing users to convert limited-edition gifts to non-fungible tokens and auction them in a secondary market.

Crypto Market Faces Setback Amid SEC Appeal, XRP Leads Losses

Cryptocurrency markets are reeling as regulatory pressure from the SEC, including an appeal in the Ripple case, drives widespread losses.

Ripple Appeal Fuels Coinbase’s Fight for Howey Test Clarity

Coinbase is urging the court to reconsider its appeal, citing regulatory confusion highlighted by the SEC’s ongoing Ripple case.

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DISCLAIMER: The content provided does not constitute financial advice. This newsletter is purely educational and should not be considered as investment advice or a recommendation to buy or sell any assets or make any financial decisions. Please exercise caution and do your own research.

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