Bitcoin surged 20% to $69,404, its highest since June, amid positive social media sentiment. BlackRock’s Bitcoin ETF nears $20B in assets, while U.S. Senator Lummis proposes a national Bitcoin reserve, boosting market optimism. This rally follows cooler inflation data and potential Fed interest rate cuts.
This week, crypto funding highlights include Riot Platforms’ $92.5M acquisition of Block Mining, NPC Labs’ $18M raise led by Pantera Capital, and Caldera’s $15M to simplify Ethereum rollups. Total VC funding exceeds $210M with other key raises from aPriori, Mezo, and OpenSocial.
Raboo (RABT) and ZRO are outperforming Dogecoin (DOGE) in the crypto market. Raboo’s AI-driven “Post-to-Earn” platform saw a 233% rise since presale, while ZRO surged 80% in 30 days. Both highlight tech innovation and community engagement for success.
Centralized exchanges like Binance and Coinbase have risks, driving traders to decentralized exchanges (DEXs). DEXs enhance security with smart contracts but face liquidity and usability challenges. Platforms like Astrovault and QuickSwap aim to improve the user experience.
Cantor Fitzgerald launches a $2B Bitcoin financing business to leverage BTC for investors, announced by CEO Howard Lutnick at the Bitcoin 2024 conference. The initiative aims to bridge traditional finance and digital assets, collaborating with select custodians. #CryptoNews
Senator Cynthia Lummis proposed a U.S. Bitcoin reserve at Bitcoin 2024, backed by former President Trump. The plan involves acquiring 1M BTC to pay down national debt, aiming to strengthen the dollar and maintain financial leadership. #CryptoNews
JasmyCoin (JASMY) surged 7% to $0.032, with a market cap of $1.5B, making it the 53rd largest crypto. Daily trading volume hit $224M, up 102%. Social activity increased sixfold, but RSI at 61 suggests overbought conditions. #CryptoNews
Donald Trump spoke at the Bitcoin 2024 conference, Ethereum ETFs launched but saw net outflows, and Mt. Gox repayments were confirmed, marking key developments in the crypto market. #CryptoNews
At the Bitcoin 2024 conference, Donald Trump announced a plan for a national Bitcoin reserve if elected, pledging to keep and acquire 100% of U.S. government-held Bitcoin. He vowed to fire SEC Chair Gary Gensler on day one.
Vice President Kamala Harris is resetting relations with major U.S. crypto firms like @Coinbase, @CirclePay, and @Ripple to change the Democratic Party’s perception amid regulatory criticism. This strategic move comes as Harris prepares for the upcoming election. #CryptoNews
WazirX’s new “socialized loss strategy” post-hack lets users access 55% of assets, locking 45% in USDT. Users choose between two options for recovery, with 62% preferring staggered withdrawals. Critics call it a scam. #CryptoNews
As the 2024 U.S. presidential election nears, prediction markets show Donald Trump at 59% to win, with Kamala Harris at 40%. Harris leads in popular vote predictions at 62%. Republicans have a 34% chance of a sweep, Democrats 22%.
Tyler Winklevoss, co-founder of @Gemini, urges a new SEC Chair before U.S. elections, criticizing @GaryGensler’s aggressive regulation. He calls for bipartisan crypto support to keep America a global leader in digital assets. #Crypto #Update
Solympics ($SOLY) surged 18% to $2.7M market cap amid the Paris 2024 Olympics, but 89% of its supply risks a rug pull. Meanwhile, The Meme Games ($MGMES) raised $260K in presale, offering secure staking rewards. #Update
