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Jersey City, led by Mayor Steven Fulop, will invest part of its pension fund in Bitcoin ETFs, following Wisconsin’s $160M move. This decision, expected to finalize by summer’s end, shows growing institutional interest in $BTC. U.S. pension funds manage over $27T. #CryptoNews
Metaplanet ($TYO) and Bitcoin Magazine launch a new office in Tokyo, Japan, during the Bitcoin Conference in Nashville. Metaplanet will operate Bitcoin Magazine Japan, aiming to boost Bitcoin’s presence in Japan with local content. They recently acquired 42.47 Bitcoins, bringing their total to 203,734 BTC. #Bitcoin #Update
Solana meme coin $JTO surged 9% after launching its restaking code, combining staking and restaking. The update integrates Vault and Restaking Programs, enhancing economic security for on and off-chain activities. Despite market downturns, $JTO saw a 17% weekly gain, highlighting interest in staking models. #Update
Marathon Digital Holdings ($MARA) buys $100M in Bitcoin, adopting a full HODL strategy. Now holding over 20,000 BTC, they plan to retain all mined Bitcoin. CEO Fred Thiel calls Bitcoin the best treasury reserve asset. Legal challenges include a $139M fine. #CryptoNews #Update
Kamala Harris (@KamalaHarris) debuts her first campaign ad, focusing on freedoms like safety from gun violence and economic security. The ad, set to Beyoncé’s “Freedom,” omits finance and cryptocurrency, sparking criticism from the crypto community. #BitcoinConference #Update
Galaxy Digital, led by Mike Novogratz, raises $113M for a crypto VC fund targeting $150M. The fund plans to invest $3-5M in 30 crypto startups like Monad and Ethena, reflecting increased institutional interest in digital assets. #CryptoNews
Financial analyst Peter Schiff warns of potential market crashes without a Federal Reserve rate cut. Gold, silver, $BTC, and $ETH face sell-offs. The FOMC meeting on July 30-31 is crucial, with only a 10.9% chance of a July rate cut, but 76.7% for September. #Update
RBI and SEBI are collaborating on a comprehensive crypto policy, with a discussion paper due by Q3 2024. This initiative follows India’s G20 presidency and aligns with IMF and FSB guidelines, indicating a potential shift from RBI’s restrictive stance on cryptocurrencies. #CryptoPolicy #Update
Japan’s SBI Holdings partners with US investment firm Franklin Templeton to launch a Bitcoin ETF-focused investment company. With SBI holding a 51% stake, this move aligns with Japan’s anticipated easing of Bitcoin ETF regulations. #BitcoinETFs #CryptoMarket #FinanceNews
Coinbase liquidated a Chinese investor’s Bitcoin due to inactivity, transferring funds to Wyoming’s Unclaimed Property Division. This highlights the risks and importance of managing digital assets. “Not your keys, not your coin,” noted one commenter. Potential asset recovery is possible by proving identity. #Update
Anthony Scaramucci predicts VP Kamala Harris will fire SEC Chair Gary Gensler if she runs for president. Amid Biden’s crypto policy debates, Scaramucci reassures that Harris is crypto-friendly, despite not addressing the Bitcoin Conference. Prominent figures urge Harris for concrete crypto support. #CryptoNews
Mt. Gox starts repaying over 17,000 creditors in Bitcoin ($BTC) and Bitcoin Cash ($BCH) through designated exchanges as of July 24, 2024. Despite concerns, market remains stable, demonstrating resilience. This marks a step toward resolving long-standing financial disputes and restoring trust in crypto. #CryptoNews
? Major news! The Bitcoin Conference in Nashville, July 25-27, will feature key speakers like Donald Trump and Robert F. Kennedy Jr. Trump now supports Bitcoin and accepts crypto for his campaign. Expect discussions on crypto’s future and policy impact. #BitcoinConference2023
The Terra Classic community has asked @eToro and Terraform Labs CEO Chris Amani for clarity on $LUNC delisting amid trading difficulties linked to Terraform Labs’ bankruptcy. Despite concerns, $LUNC and $USTC prices rose 2% and 5% respectively in the last 24 hours. #Update
