- DailyCoin Newsletter
- Posts
- 16-07-2024
16-07-2024
Fernando Fierro
July 16, 2024
-
Howdy folks,
📈🍀 Larry Fink's recent endorsement of Bitcoin marks a dramatic turnaround from his previous skepticism. The BlackRock CEO now recognizes Bitcoin as a legitimate asset class, likening it to digital gold for its uncorrelated returns and role as a hedge against currency debasement and geopolitical instability.
However, the volatile nature of Bitcoin's price and the uncertain regulatory landscape remain significant hurdles for broader institutional adoption.
In other news:
🚨💼 The SEC is tightening its grip on DeFi, labeling cryptocurrencies like Polygon (MATIC), Chiliz (CHZ), and Terra Luna Classic (LUNC) as securities in a new court filing. The crackdown cited unregistered securities sales and promises of company equity as key violations.
Interestingly, this comes on the heels of the SEC approving Ether ETFs, suggesting a nuanced approach to crypto regulation that differentiates between securities and commodities.
💼🤔 Ripple's unexpected divestment from key partners Bitstamp and Tranglo is causing a stir in the XRP community. This withdrawal, discovered via Crunchbase, has fueled speculation amid a lack of clarification from Ripple, with some questioning the data's accuracy.
Despite the unease, XRP's price has held steady, although trading volume has dipped, pointing to cautious investor sentiments and potential strategic shifts within Ripple.
🌟🔫 Donald Trump survived an assassination attempt during a campaign rally in Pennsylvania, an event that triggered notable movements in the crypto market. Bitcoin, Ethereum, and the MAGA (TRUMP) meme coin saw significant gains, with the latter surging over 40%.
However, the volatility also impacted smaller Trump-themed coins, which experienced double-digit declines, and raised further questions about the upcoming election and crypto regulation.
DailyCoin Daily Meme
Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!
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.