22-07-2024

July 22, 2024

Howdy folks,

🚀🔧 The crypto world is looking to Trump for a regulatory reset. If he wins the presidency, experts think the SEC might back off its aggressive stance on digital assets. Changes in SEC leadership under Trump could lead to fewer enforcement actions, though ongoing cases may still proceed.

As Biden faces calls to step down, the crypto industry is betting on a Republican win for a friendlier regulatory environment.

In other news:

📈💰 Metaplanet’s recent Bitcoin purchase pushed its holdings to nearly 246 BTC, as Bitcoin surged past $68K. Their $6.2 million Bitcoin strategy, driven by bond issuance, showcases growing institutional confidence in crypto.

The rally also coincides with Biden's decision to back Kamala Harris, stirring optimism in the crypto market.

📊🔄 Major cryptos are bouncing back with impressive gains. Solana leads with a 19.3% jump, followed by Dogecoin at 16.5%, and Avalanche at 13.4%.

Even Bitcoin and Ripple saw double-digit increases, signaling renewed market vigor despite some minor dips in other coins.

🔍💸 WazirX is stepping up its asset recovery efforts with two bounty programs after $234 million was stolen from its wallet. The bounties, offering up to $10,000 for actionable intelligence and 10% of recovered funds, aim to freeze and reclaim the stolen assets.

This proactive approach underscores the exchange’s commitment to securing user funds.

DailyCoin Daily Meme

Was $7.6M Rho Protocol Exploit a Hack? Suspected Attacker Denies Wanting to Steal from Users

The Rho protocol suffered a $7.6M exploit. Surprisingly, the attacker claimed that they had no malicious intent.

SHIB Dips Hard During Top Indian Exchange’s $230M Hack

The $230M hack from WazirX included a 5T SHIB dump, explaining yesterday’s rapid 10% drop for the popular canine crypto currency.

Bitcoin Soars Against Gold: “Cruel” 10 Years Ahead for Peter Schiff?

Peter Schiff may be fighting a losing war against Bitcoin, according to veteran trader Peter Brandt.

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.