24-09-2024

Author

Fernando Fierro
September 24, 2024

Howdy folks,

🚀🌎 Elon Musk and El Salvador's President Nayib Bukele met at Tesla HQ to discuss AI, robotics, and the future of the economy. The meeting, noted for its tech and innovation focus, also spotlighted El Salvador's ambitious Bitcoin mining goals, fueled by the country’s daily Bitcoin investments now worth approximately $360 million.

Despite early adoption challenges, IMF reports El Salvador's Bitcoin strategy exceeding expectations.

In other news:

🚀💰 Donald Trump has proposed a radical cryptocurrency solution to tackle the US national debt, which is currently at $35 trillion and rising. In a campaign event, Trump suggested writing “thirty-five trillion crypto” on paper to virtually cancel out the debt, capturing the attention of his audience.

Concurrently, Kamala Harris and key industry figures are also positioning to align with crypto enthusiasts, ensuring the topic remains bipartisan.

🚀📈 The Trump-Harris 'crypto president' contest heats up as Kamala Harris clarifies her stance on digital assets. Despite historically cold attitudes from the Biden administration, Harris pledges to support the industry with consistent and transparent regulatory measures.

However, skepticism remains as the campaign unveils "Crypto for Harris," aiming to mend fences and introduce significant crypto legislation by year-end.

💥🤝 Bitfarms has settled a contentious dispute with Riot Platforms, ending a four-month hostile takeover bid. With Bitfarms co-founder stepping down and Amy Freedman taking over, Riot has agreed to standstill provisions until the next annual meeting and gained the right to purchase additional shares.

Bitfarms remains focused on diversifying its business beyond Bitcoin mining into energy generation, energy trading, and other high-value revenue streams.

DailyCoin Daily Meme

More ETH Offload? Ethereum Foundation Sell-Off Persists Despite Vitalik Buterin's Halting His Sales

The Ethereum Foundation has launched another asset sell-off, raising further questions within the ecosystem. Read more on DailyCoin.

Ether ETFs Bleed the Heaviest Since Late July as Bitcoin Funds See Third Day of Consecutive Inflows

Spot Ethereum ETFs witness their highest outflows since late July as Bitcoin funds extend their positive streak to a third day.

Is Altcoin Season Finally Upon Us? Here's Why Analysts Think So as Bitcoin’s Dominance Hits Key Level

Amid perceived weakness in Bitcoin's dominance analysts suggest that it might finally be time for altcoins to rip.

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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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