2024-07-11

Author

Fernando Fierro
July 11, 2024

Howdy folks,

🌊⚽️ Messi and Ronaldinho are diving into the crypto wave, endorsing Solana-based WaterCoin. Messi's Instagram post alone caused a 350% surge, but it hasn't been all cheers.

Critics are calling it a pyramid scheme, and insider control of 30% of the token supply isn't helping its case.

In other news:

🔀💼 The fate of Solana’s ETF might hinge on the upcoming US presidential election. Analyst Eric Balchunas suggests that a Biden win could doom the ETF, while Trump’s return might open doors for crypto regulation.

With mid-March 2025 as the decision deadline, the political stakes are high.

📈💰 Bitcoin ETFs are seeing a major cash influx, with $654 million pouring in over the past three days. BlackRock’s IBIT ETF leads the charge, though Grayscale's GBTC is still seeing outflows.

The key to continued growth is Bitcoin holding above its 200-day moving average of $58,720.

🏆🔍 Justin Sun’s recent court win in China has sparked hopes of a shift in the country’s anti-crypto stance. Despite China's strict policies, Sun argues that the narrative of China being staunchly anti-crypto is overblown.

This victory could signal a more favorable climate for digital assets.

DailyCoin Daily Meme

Doja Cat Cries Wolf after $1.6 Million Memecoin Crash

Celebrity memecoin craze piles as a Doja Cat-themed token surfaces amid hack concerns following Messi's promotion of the Solana-based WATER.

All Eyes on XRP and BTC as U.S. Crypto-Political Events Loom

Read more about the Washington D.C. crypto regulation clash on XRP and Bitcoin. Will Brad Garlinghouse sway decisions? Get insights at DailyCoin.

Ether ETFs “Close to the Finish Line”? Here’s What Comes First

Bitwise's Katherine Dowling has commented on the Ether ETFs' launch timeline. Her comments come as issuers have submitted another batch of amendments.

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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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