24-07-2024

Author

Fernando Fierro
July 24, 2024

Howdy folks,

🚀🔄 Following President Biden's exit, the Democratic presidential race is heating up, with critical contenders showcasing mixed stances on crypto.

Kamala Harris, the current frontrunner, remains vague on her crypto policy, hinting at continuity from the Biden administration. Meanwhile, Gavin Newsom, who has actively pushed for progressive crypto regulations in California, has backed Harris.

On the other hand, the absence of pro-crypto voices may leave the industry's future regulation uncertain.

In other news:

💸⚖️ Efforts to settle creditors of defunct crypto exchange Mt. Gox are gaining traction, with substantial asset transfers. Recently, Mt. Gox moved 37,000 BTC, valued at approximately $2.85 billion, following a prior movement of 92,000 BTC.

Despite fears of market impact, Bitcoin's price has remained stable at around $66,945, though the anticipation of these payouts continues to stir discussions within the crypto industry.

💰📈 The U.S. political landscape is shifting as thirteen politicians, including Senators Cynthia Lummis and Tom Emmer, start accepting crypto donations on the Ethereum L2 network Base. Developed by Engage Rise and powered by Coinbase Commerce, this platform facilitates contributions using over 240 cryptocurrencies, ensuring compliance with FEC regulations.

This move underscores the rising influence of blockchain in politics, highlighting the integration of digital assets in modern electoral campaigns.

🇺🇸💸 The U.S. government has moved $4 million in Bitcoin, sparking speculation about its next steps. This follows a trend in Germany, where seized crypto assets were sold to benefit state funds. Analysts are debating whether the U.S. will liquidate these assets, potentially impacting Bitcoin's market dynamics.

The move could indicate a shift in how governments handle seized digital assets, influencing regulatory approaches and market stability.

DailyCoin Daily Meme

Solana Traders Get Access to Hamilton Lane’s SCOPE Fund On-Chain

Hamilton Lane's private credit fund, SCOPE, is now available on the Solana blockchain, showing a growing trend in RWAs.

What Is Polymarket? Crypto’s Latest Killer App Explained

Polymarket has grown in popularity during the current U.S. election cycle.

Bitwise Ethereum ETF Pushes to Transparency, Publishes On-Chain Addresses

Bitwise ETF sets a new standard by revealing Ethereum addresses and ENS subnames, allowing public verification of holdings.

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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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