Headlines
Polymarket predicts that the probability of Trump winning the 2024 US presidential election has risen to 70%, setting a new high.
Meanwhile, Bidens chances of winning are 18%.
Trump still plans to speak at 2024 Bitcoin conference despite attack
Bitcoin Magazine CEO David Bailey wrote on X that Trump still plans to speak at the 2024 Bitcoin Conference in Nashville, Tennessee.
Bailey said he spoke with the presidents team and he is in good spirits and is excited to see everyone in Nashville and give a speech that the world can hear.
It is reported that the 2024 Bitcoin Conference will be held from July 25th to 27th.
German government address sold all 50,179 BTC in the past 24 days, equivalent to about $3.3 billion
According to Lookonchain monitoring, the German government address has sold all 50,179 BTC ($3.3 billion) in the past 24 days.
This address has transferred out 9,594 BTC (US$553.7 million) and received 500 BTC (US$28.6 million) in the past 24 hours. The current BTC balance in the address is only US$1.86.
Regulatory trends
FTX creditor Sunil posted on the X platform that a document on July 12 showed that FTX had reached a settlement with the U.S. Commodity Futures Trading Commission (CFTC), and the CFTCs $4 billion claim will be ranked after all creditors and interest. The money paid to the CFTC will go into a supplementary restitution fund to compensate severely damaged cryptocurrency holders.
In a recent interview with Bloomberg, Senator Bill Hagerty, a member of the U.S. Senate Banking and Foreign Relations Committees, discussed several key issues, including the future of cryptocurrencies under a potential second Trump administration.
Hagerty mentioned Trumps pro-cryptocurrency stance, emphasizing that it is consistent with the recent Republican platform. He sees cryptocurrency as a key issue in the upcoming November election. Ive spent a lot of time discussing this industry with the (former) president, and I think just this week, our Republican platform reached a common vision.
Hagerty criticized the Democratic Party’s approach to cryptocurrency, calling it too centralized and restrictive. He believes that Democrats are against the decentralized nature of crypto. “Innovation will happen. Crypto has huge potential for the United States. We have the innovation gene in this area that surpasses any other country. We should take advantage of this and create an ecosystem that allows this,” he further stated. (Bitcoin.com)
Project News
Golem Network transferred more than 4,000 ETH to CEX in the past two hours
According to Arkham platform data, Golem Network transferred about 4,050 ETH to CEX through a transit address in the past two hours, worth about 12.93 million US dollars.
Currently, the address still holds 66,327 ETH, worth approximately $211 million.
Blinks project SEND releases token economics, where:
25% to Blinks builders, Send it NFT holders, and top Solana communities;
15% allocated to early SEND community supporters;
Initial liquidity 10%;
Core contributors 15%;
Future grants and ecological development funds 35%.
Market Changes
Trump-themed meme coin TRUMP breaks through $9, up 52.4% in 24 hours
CoinGecko market data shows that Trump-themed meme coin MAGA (TRUMP) has broken through $9 and is now trading at $9.48, with a 24-hour increase of 52.4%.
ETH breaks through 3200 USDT in the short term, with a 24-hour increase of 2.15%
OKX market data shows that ETH has broken through 3200 USDT in the short term and is currently trading at 3207.49 USDT, with a 24-hour increase of 2.15%.
BTC breaks through 60,000 USDT in the short term, with a 24-hour increase of 2.22%
OKX market data shows that BTC broke through 60,000 USDT in the short term and is currently trading at 60,002.5 USDT, with a 24-hour increase of 2.22%.
Character Voice
On July 11, Arthur Hayes accused Trump of being insincere in his blog post Hot Chick.
Hayes claims that courting the young, politically active and upstart crypto crowd could win Trump the election. So Trump is boosting his image among crypto supporters by saying all the “right things.” Unfortunately, this newfound political attention has caught the attention of many in our industry. The political Hot Chicks are trying to bring us home, not the other way around. These feelings are misplaced. The Playboys of Crypto aren’t movie stars, they’re goofballs standing on the fringe of the party.
“It frustrates me that many crypto experts who should know better are now blindly hosting gimmicky fundraisers for the Trump campaign. They mistakenly believe that Trump is sincere and that if they just donate enough money, the ‘kill crypto operation’ will go away. This is pure bullshit. Trump is a savvy politician. He will say anything to anyone who wants to be re-elected. Once in office, anything to do with crypto will be a distant memory.”
Elon Musk: I support Trump and hope he gets well soon
Elon Musk posted on the X platform that he fully supports Trump and hopes he will recover soon. He also forwarded several news related to Trumps shooting.
Ripple CEO: One year after XRP was ruled not a security, they were wrong then and now
Brad Garlinghouse, CEO of Ripple, posted on the X platform that July 13, 2023 is a very good day for Ripple and the entire industry. We firmly believe in fighting bullies who harass and launch illegal struggles against our industry. As I said at the beginning of the struggle, I know we are on the right side of the law, and we will also be on the right side of history.
In the year since, Gensler’s SEC has intensified its fight against cryptocurrency, mistakenly believing that through failed lawsuits, false claims, defamation, and intimidation they can stifle the technology and industry.
They were wrong then, and they are wrong now.
