Kamala Harris Win Odds Surge 40
“Kamala Harris’s 2024 election odds rise to 40% after outreach to $XRP, $COIN, and $USDC. Biden’s endorsement and crypto engagement reshape the race against Trump. #CryptoPolitics #Update”
Crypto News
General category for all types of news related to the cryptocurrency world.
Riot Platforms Q2 2024 Losses: $84.4M Reported
Riot Platforms (@RiotPlatforms) reports an $84.4M net loss for Q2 2024 due to Bitcoin halving, impacting production by 52%. Despite $70M in revenue, operational costs rose sharply. Stock fell 13.6% this week, trading at $10.19. #Update
CFO Resigns, Network Votes on Stolen Tokens
VeChain’s CFO Jay Zhang has resigned after the theft of 1.1B VET tokens ($6.5M). VeChain froze 727M tokens and will vote on burning the stolen tokens, highlighting their commitment to security and community engagement. #CryptoNews #VeChain
Paxos Downsizing Shifts Focus to Stablecoins
“Paxos cuts 20% of its workforce, shifts focus to stablecoin innovation despite a $500M balance sheet. Launches Lift Dollar ($USDL) in UAE, expanding into Argentina. #Crypto #Update”
Michael Lauchlan Charged by New York Authorities
Manhattan DA charges Michael Lauchlan, a.k.a. Max Handler, for defrauding customers via fake crypto asset recovery business Coin Dispute Network. Lauchlan pocketed client fees and Ethereum ($ETH) without providing services. Arrested in Las Vegas. #CryptoScam #Update
WhiteBIT Unveils WhitePool Crypto Mining Pool
WhiteBIT launches WhitePool, a Bitcoin mining pool now in the top 15 globally. It features a user-friendly interface, 24/7 support, and an automated reward system. VIP program offers lower fees and perks for top miners. #CryptoNews
Polymarket Bets Break 1.5 Million Record
Polymarket’s blockchain-based prediction market surged in July, with bets surpassing 1.5M. Total bets hit 5.29M since launch, $1B+ trading volume. U.S. election bets: $439M, Trump 57% chance ($54M), Harris 39% chance ($38.5M). #Update #Blockchain
Scalability Solutions for Web3 Ecosystem Growth
Avail secures $75M from @FoundersFund, @dragonfly_cap, and Cyber Fund ahead of its mainnet launch. The funds will tackle Web3 challenges like blockchain fragmentation and scaling. Testnet success: 118M transactions, 140GB data. #Blockchain #Update
Uphold Delists Stablecoins Before MiCA
“Ripple partner Uphold to delist major stablecoins like $USDT, $DAI, and $FRAX by July 1, 2024, to comply with MiCA regulations. Users must convert by June 27. #CryptoRegulations #Update”
HackaTRON Season 6 Winners Revealed, Season 7 Preview
TRON DAO announces HackaTRON Season 6 winners, awarding $650K across Web3, DeFi, Artistry, Integration, and Builder tracks. TRON also celebrates key milestones: national blockchain for Dominica and largest USDT supply host. #Update #TRON #Blockchain
Crypto Surge: Aevo, Pyth Lead $3B Token Unlock
? Major crypto token unlocks in May: @AevoHQ to release $1.257B worth of tokens on May 15, @PythNetwork’s first unlock of $1.25B on March 20, Avalanche ($AVAX) unlocking $332M, and dYdX ($DYDX) unlocking $71M. #Update
Mt. Gox Collapse Haunts Crypto Community Still
Ten years after its collapse, Mt. Gox has started repaying creditors with $9B in Bitcoin and Bitcoin Cash following a 2014 hack. The payouts highlight the need for better security in the crypto industry. #CryptoNews #Update
Biden Challenges Trump’s Immunity Ruling
“Biden proposes Supreme Court reform targeting Trump immunity. Key measures: justice term limits, binding ethics code, and a constitutional amendment to end presidential immunity. Major challenge ahead in Congress. #SupremeCourtReform”
Debunking: No Water Shortage Within Two Years
Polkadot stakeholders refute claims of Treasury depletion. The Treasury, funded by token inflation and holding <2% of $DOT supply, supports marketing, DeFi, security, and more. Spending is community-governed. Diversification into stablecoins planned. #Update #CryptoNews #Polkadot