2024-06-28

Author

Fernando Fierro
June 28, 2024

Howdy folks,

🗳️🚀 Anthony Scaramucci, former White House communications director, has thrown his support behind Joe Biden in the upcoming U.S. presidential election, despite Donald Trump’s recent pro-crypto stance.

Scaramucci believes Biden's approach is more stable than Trump's impulsivity, highlighting that Biden’s administration helped the crypto industry win significant legal battles.

He warned crypto enthusiasts against Trump, citing his past negative views on Bitcoin and digital assets.

In other news:

💸🔓 The crypto industry faced a staggering $573 million in losses due to hacks and scams in Q2, according to Immunefi. This marks a 70% increase from Q1, with centralized finance (CeFi) being the primary target.

Despite these heavy losses, there were some recoveries, but the overall picture remains grim, with hackers responsible for the vast majority of incidents.

📊📈 VanEck has filed for the first Solana ETF with the SEC, following their previous Bitcoin and Ether ETF filings. The move positions Solana alongside major digital assets and suggests a growing acceptance of diversified crypto investments.

SOL saw a 7% price increase following the announcement, signaling positive market reception.

🔒🛡️ Binance is cracking down on users selling accounts to exploit its fee structure. The exchange has enhanced its monitoring systems and will reward users for reporting unauthorized sales.

While these measures aim to curb the practice, the issue underscores the challenges exchanges face in maintaining fair and secure trading environments.

DailyCoin Daily Meme

Bitcoin ETFs Clamp Minor Gains as BTC Teases Recovery

Bitcoin ETFs regain traction following severe outflows, coinciding with Bitcoin's modest recovery. Read more on DailyCoin.

Why an XRP ETF Makes Sense According to Ripple President

Ripple President Monica Long has joined the chorus arguing for XRP ETFs. Long compared XRP's legal standing in the U.S. with Bitcoin. Read more on DailyCoin.

Will China Lift Crypto Ban if Trump Wins?

China may rethink crypto ban if Trump wins U.S. election, claims Hong Kong professor. Click to read more.

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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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