2024-07-02

Author

Fernando Fierro
July 02, 2024

Howdy folks,

👀⚖️ Binance is raising eyebrows over U.S. stablecoin regulation. They slammed various regulators' “inconsistent approaches” after a court dismissed the SEC's claim that Binance’s BUSD is an investment contract.

This ruling might pressure a more unified regulatory approach, yet the SEC's argument on direct sales of BNB still stands, keeping the battle alive.

In other news:

💸🔥 Kraken founder Jesse Powell’s $1M ETH donation to Trump stirred mixed reactions on X. Powell criticized Biden’s administration for its crypto stance, highlighting a significant divide in the crypto community’s political leanings.

Despite support for Trump, doubts remain due to a lack of proof for Powell's hefty donation.

🩺🚨 Binance executive Tigran Gambaryan’s health is in jeopardy as Nigerian officials fail to comply with court orders for medical tests. Despite a judge's demands and evidence of mistreatment, the situation underscores serious issues within Nigeria's correctional system.

The hearing continues amid mounting health concerns.

📈📅 Bitcoin enthusiasts are hopeful for July after a tough June. Historically, BTC bounces back strong in July, with current trends showing a promising start.

However, caution is advised as August and September have been historically challenging for Bitcoin, hinting at possible turbulence ahead.

DailyCoin Daily Meme

Vitalik Eyes Better Ethereum UX Through Faster Confirmations

Ethereum's Vitalik Buterin has explored methods to reduce the network's transaction confirmation time, a move that promises to bolster adoption.

ChainGPT Now Supports New Solana Projects with Its IDO Pad

ChainGPT integrates its IDO launchpad with Solana, offering advanced support for new projects. Learn about the enhanced capabilities and market impact.

Metaplanet Advances $6M Bitcoin Plan with First Purchase

Metaplanet Inc. has purchased $1.2 Bitcoin as part of its broader strategy to acquire BTC worth over $6 million following bond issuance last week.

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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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