18-10-2024

Author

Fernando Fierro
October 18, 2024

Together with

Howdy folks,

🚀🤑 Donald Trump's embrace of the crypto industry is proving profitable, with the Trump 47 Committee raking in $7.5 million in mixed crypto donations. Major figures like Ripple's Stuart Alderoty and Gemini's Winklevoss twins are among the notable contributors, emphasizing Trump's rising influence among crypto enthusiasts.

Despite some hiccups in his crypto ventures, the enthusiastic donations and his lead on Polymarket highlight his increasing traction, though opinions differ on other platforms.

In other news:

🔒🚨 Radiant Capital has faced another severe cyberattack, losing over $50 million after attackers exploited vulnerabilities in its multi-signature wallet, marking a significant jump from a previous $5 million breach in January. The attack targeted BSC and ARB chains, using the 'transferFrom' function to gain unauthorized access, revealing critical weaknesses in the protocol's security.

Radiant Capital is investigating and has paused all markets, as the crypto community urges caution against misleading posts mimicking official statements. 

🚀💰 Ripple is making waves in the crypto world with massive movements of RLUSD, hinting at testing before its imminent stablecoin launch. Recent data shows a staggering 42 million RLUSD was transferred in just 48 hours, fueling anticipation and excitement within the XRP community.

While CEO Brad Garlinghouse touts RLUSD as the "gold standard" for stablecoins, regulatory hurdles and competition could challenge Ripple’s enterprise adoption goals.

💸🤔 Donald Trump shakes up the crypto world with his decentralized finance project, World Liberty Finance (WLFI), but it falls short, raising only $12 million of its $300 million target. Concerns arise over WLFI’s non-transferable token policy, contrasting typical crypto market practices and leading to a 20% drop in its value.

While Trump's crypto involvement seems to fuel

Bitcoin's momentum, questions about WLFI's principles and his promises to reform crypto regulations remain.

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DailyCoin Daily Meme

How Ethereum Will ‘Go Fast’ Decentralized: Vitalik Demystifies the Surge

Vitalik Buterin reminds proponents and detractors of the goal of the network’s now-highly criticized rollup-centric roadmap

Is XRP’s Moment Here? Tension Builds as XRP Nears Key Levels

Analyst predicts XRP could surge to $1.5 soon, as bullish trends overshadow legal tensions with the SEC.

SEC Misses Filing—or Did They? Ripple Case Heats Up Amid Rumors

Speculation over the SEC missing a crucial filing deadline in its case against Ripple fuels market volatility and community debate.

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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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