21-10-2024

Author

Fernando Fierro
October 21, 2024

Howdy folks,

💹🇺🇸 U.S. presidents have had vastly different stances on cryptocurrency, with Obama largely ignoring it during his tenure, Trump initially skeptical but later more supportive, and Biden taking a firm regulatory approach due to industry controversies. The evolving views reflect the rapid growth and significant challenges crypto has faced, including notable scandals like the FTX collapse.

With millions of Americans owning crypto and its growing influence in elections, presidential perspectives are increasingly critical.

In other news:

🚀📈 Tether's USDT market cap has reached an impressive $120 billion, marking a new all-time high and indicating increased demand for stablecoins, potentially igniting a crypto bull run. This substantial growth highlights USDT's expanding role beyond trading, as it's now utilized for savings, remittances, and salaries in countries like Brazil and Argentina.

As USDT outpaces its rival USDC by over $85 billion, could this signify impending market movements fueled by stablecoin accumulation?

🔐🚨 Masa confirms two recent hacks on its MASA token following concerns about transparency. The first breach on September 20 was initially muted, only to be followed by another on October 17, prompting Masa to now cooperate with external cybersecurity experts and law enforcement.

Despite claiming minimal disruption to ongoing operations, the project advises users against trading MASA tokens on the Base blockchain due to security risks.

📈🔍 The crypto market experienced substantial fluctuations this week, marked by impressive gains in altcoins like DOGE, ETH, and SOL, each posting double-digit growth, while others like TRON and Avalanche saw minor dips. DOGE, driven by renewed social media buzz and Elon Musk's influence, led the pack with a 25.9% surge.

However, despite these successes, the market's volatility and differential growth among tokens highlight the need for cautious optimism among investors.

DailyCoin Daily Meme

Coffeezilla Exposes Andrew Tate’s ‘Crypto Grift’ Through Meme Coins

Coffeezilla’s investigation uncovers shocking details about Andrew Tate’s alleged crypto “grift.”

Angel Drainer Acquires Rival Crypto Phishing Service Inferno

Angel Drainer reportedly acquired Inferno’s source code as the latter quit the crypto scamming business.

XRP Finds Momentum as New ETF Filings Set the Stage for a Pump

Institutional interest and new XRP ETF filings signal a potential breakout for XRP—is a major price rally on the horizon?

Thanks for joining us today!
If you're hungry for more, check out our website.
See you next time for more crypto fun!

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.

Sharing is caring!

Know someone who would like this newsletter?
Share this email with them so they can subscribe.