G’day groovy people,

Do you have any vacations planned this summer, or has the bear market put a stop to that?

For today at least, let’s jump on a flight to crypto central.

• 🖖 A Bitcoin Presidency

• 🛌 Sleeping Giant Moves

• 🤤 Bounties Raise Eyebrows

💵 RFK Jr. in Presidential Bid: Proposes Bitcoin-Backed Dollar, Tax Exemption

As presidential candidate Robert F. Kennedy Jr. outlines his vision for the future of American finances, Bitcoin (BTC) has taken center stage in the conversation. 

Speaking at a recent Heal-the-Divide PAC event, Kennedy proposed an interesting twist: backing the U.S. Dollar with a basket of hard assets, including Bitcoin, amounting to around 1% of issued T-bills. 

This, he believes, would strengthen the dollar and curb inflation. 📉

But the Bitcoin-favoring policies don't stop there. 

Kennedy aims to exempt Bitcoin from capital gains tax, encouraging innovation and investment and ensuring citizens' privacy. 

He believes such an exemption would dissuade ventures from relocating offshore.

Kennedy also slammed President Biden's administration for its stance on banks dealing with Bitcoin and insisted that Bitcoin isn't a security and shouldn't be regulated as one. 

He stands against the weaponization of currencies and the overreliance on fiat currencies that, in his view, are used to fund wars covertly.

He said it…not me! 🤣

😴 Eight-Year Slumber: Pre-Mined Ethereum Worth $116M Wakes Up

In an impressive demonstration of crypto "hodling", a dormant Ethereum wallet containing pre-mined Ether worth a staggering $116 million was recently awakened. 

The stash of 61,216 Ether, pre-mined in June 2014, was moved to an address on the Kraken crypto exchange.

At the time of mining, the Ether was valued at $300–$400, translating to an approximate wallet worth of $20 million. Fast forward eight years and the same amount of Ether has grown to a staggering $116 million.

No dude…Not a dream! 😵

The identity of the wallet owner remains a mystery. However, the strategic move highlights the potential of long-term accumulation strategies in crypto investments. 

Interestingly, before the massive transfer, the owner conducted a test transaction of a mere 0.05 ETH, showcasing a careful approach to such substantial dealings.

Even with what can only be assumed to be great excitement, this dude remains sensible… a lesson for all. 😎

😳 Arkham's Intel Exchange: High-Profile Crypto Wallet Bounties Stir Controversy

Arkham Intelligence's Intel Exchange has turned heads with its unique offer of cryptocurrency rewards for identifying high-profile wallets. 

Among the big names are Elon Musk, Do Kwon, and Sam Bankman-Fried, whose wallet identification carries rewards of 1,000 ARKM ($658), 10,000 ARKM ($6,587), and 1,500 ARKM ($988) respectively.

Hmm, I have mixed feelings on this one…yes, if, like DK and SBF, you have been responsible for regular folk losing money…dox them to high heaven.

The largest reward, a hefty 100,000 ARKM ($65,870), is set for the identification of a perpetrator linked to a 2022 FTX hack. 

Total bounty rewards currently stand at a colossal 204,250 ARKM, valued at around $134,539. 🤑

This controversial marketplace promises a potential breakthrough in unveiling crypto frauds and hacks. 

However, it also raises concerns about doxxing individuals and disclosing private information. 

Despite the backlash, Arkham's leaders insist they intend to expose fraud, not personal data. 😇

However, if you’re just a celeb or person of interest… this takes papping to a whole new, shady level.

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