Stablecoins
Election 2024
Bitcoin surges past $63k as Robert F. Kennedy Jr. withdraws and endorses Trump
Crypto and US equities prices significantly went up after the independent candidate confirmed his support for Donald Trump.
Crypto
Vitalik Buterin says Ethereum’s fundamentals have become ‘crazy strong’
Buterin made the statement in response to claims that Ethereum has "weakened a lot" during this market cycle.
Governance
MakerDAO unveils revamped stablecoin and governance tokens
Users will be able to swap the current tokens for their new NewStable and NewGovToken versions, as part of MakerDAO's push for mass adoption.
Crypto
US-traded spot Ethereum ETFs amass $2 billion in inflows
If bundled cumulatively under one product, the inflows would make it the fourth largest ETF launch to date.
Crypto
Bitcoin climbs to $61.7k as Fed minutes hint at rate cut in September
The document also hints at a 25 basis points (bps) rate cut due to "recent progress on inflation" and "increases in the unemployment rate."
Memecoins
Hackers compromise McDonald’s Instagram account to conduct $700k rug pull
The group identified as India_X_Kr3w managed to snag $700,000 after gradually dumping their GRIMACE holdings.
Derivatives
On-chain derivatives trading volume declines third week in a row
Despite the recent slump, the on-chain derivatives market's average monthly volume is up by 357% year-on-year.
ETF
Bloomberg analyst sees bleak future for Solana ETFs amid current SEC climate
Although the issuers filings are still active, Eric Balchunas doesn't believe a Solana ETF approval will happen this year unless a change occurs on SEC's leadership.
Crypto
Kaiko believes tokenized treasuries will retain appeal amid expected Fed rate cuts
On-chain flows and secondary market activity for tokenized US Treasuries and related tokens suggest growing popularity.
Crypto
Rumors Harris eyeing Gensler for Treasury denied as DNC skips adding Bitcoin in platform
The rumors are yet to be confirmed, as Custodia Bank's CEO Caitlyn Long stated that "multiple" Democrats denied the possibility of such a nomination.
Crypto
Ethereum’s 40% post-ETF drop is an expected ‘sell-the-news’ reaction – Bitfinex
Ethereum ETFs are facing substantial challenges as significant outflows continue to weigh heavily on Ether's performance.
Crypto
Harris victory odds hit all-time high on Polymarket as her lead extends 10% over Trump
Odds of a Harris win soar on Polymarket as Democrat voices show support for a positive crypto regulation.
