NewsBriefs - Trump pushes for US dominance in the crypto sector

May 25, 9:30 PM Crypto Briefing

Trump pushes for US dominance in the crypto sector

Donald Trump, potential Republican presidential candidate, has articulated strong support for leading the global crypto sector, emphasizing the necessity for the US to hold a prime position and not settle for less.

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• Jul 26, 5:31 PM Cointelegraph

  Marathon digital adds $100 million in Bitcoin to holdings

  Marathon Digital Holdings, the world's largest Bitcoin miner, added $100 million in Bitcoin to its holdings, bringing its total to over 20,000 Bitcoin. The firm's CEO announced they will now "go full HODL" and keep Bitcoin as their strategic treasury reserve asset. This move comes as Bitcoin approaches $70,000, with analysts noting accumulation trends but cautioning about potential near-term sell pressure from Ether ETF launches.

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• Jul 26, 3:37 PM Crypto Briefing

  Michigan pension fund invests $6.6 million in Bitcoin through ARK 21Shares ETF

  The State of Michigan Retirement System has invested $6.6 million in Bitcoin via the ARK 21Shares spot BTC ETF. This investment represents 0.004% of the pension fund's $143.9 billion assets under management. The move follows similar actions by other US pension funds, including Wisconsin's $99 million Bitcoin investment through BlackRock's IBIT ETF. Jersey City is also considering Bitcoin ETF investments. Despite Michigan's official website warning about crypto risks, institutional Bitcoin exposure is likely to increase as more 13-F forms are filed with the SEC.

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• Jul 26, 12:39 PM Beincrypto

  Kamala Horris meme coin surges after Obama endorses Harris

  KAMA token jumped 30% following Obama's endorsement of Kamala Harris for president. Harris's odds on Polymarket improved to 38%, closing in on Trump. The endorsement sparked crypto community interest, with KAMA outperforming Trump-inspired meme coins. However, investors should be cautious of KAMA's volatility as a meme coin. Obama's support comes after Biden's withdrawal from the race, positioning Harris as the leading Democrat candidate.

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• Jul 26, 6:47 AM Nikkei Asia

  Franklin Templeton and SBI team up to bring Bitcoin ETFs to Japan

  SBI Holdings and Franklin Templeton are partnering to create a digital asset management company in Japan, preparing for potential crypto ETF approvals. SBI will hold a 51% stake in the venture. The new firm aims to offer crypto ETFs and digital asset securities upon regulatory approval. This move follows the success of spot Bitcoin ETFs in the US, which have seen over $16 billion in inflows since January. The partnership combines SBI's local presence with Franklin Templeton's global asset management expertise and recent foray into digital assets.

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• Jul 25, 7:57 PM Cointelegraph

  Cardano network prepares for Chang hard fork with new validator node release

  Cardano's network is set for the Chang hard fork with the release of Node 9.1.0 validator software. This upgrade marks a step towards the Voltaire era of decentralized governance. The hard fork will initiate when 70% of validators upgrade. It introduces on-chain governance mechanisms, including a constitutional committee and delegate representatives. This change is part of Cardano's planned evolution, following previous upgrades like Vasil and Alonzo. Cardano's market cap is around $14 billion.

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• Jul 25, 4:15 PM Cryptoslate

  Marathon Digital acquires $100 million in Bitcoin as other miners sell

  Marathon Digital bought $100 million worth of Bitcoin, increasing its holdings to over 20,000 BTC. The firm is now the second-largest Bitcoin-holding company after MicroStrategy. Marathon has readopted its "hold" strategy, aiming to retain all mined and purchased Bitcoin. This move contrasts with other miners who are currently selling their crypto. The company's CEO, Fried Thiel, expressed confidence in Bitcoin's long-term value as a treasury reserve asset. Marathon's actions reflect growing institutional support and favorable market trends for Bitcoin.

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• Jul 25, 3:50 AM The Block

  Ether drops below $3200 as crypto market pulls back

  Ether fell 7.9% to $3,166, with the overall crypto market down 3.45%. Bitcoin dropped 2.52% to $64,200. Analysts attribute the pullback to profit-taking after recent ETF-driven rallies, Mt. Gox asset distribution news, and US stock market declines. Despite the dip, some expect Ether to rally in the mid to long term as market sentiment improves.

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• Jul 25, 3:19 AM Business Wire

  Bitcoin reward firm Fold to go public on Nasdaq via SPAC deal

  Fold, a Bitcoin financial services company, is set to go public through a merger with FTAC Emerald. The deal values Fold at $365 million pre-money. Fold offers Bitcoin rewards on debit cards and bill payments, having processed over $2 billion in transactions and distributed $45 million in Bitcoin rewards since 2019. The company plans to expand its services, including credit and lending solutions, while maintaining over 1,000 BTC in its treasury. This move positions Fold as a key player in the growing Bitcoin adoption trend.

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• Jul 24, 10:43 PM Cryptoslate

  Lummis plans to propose Fed to adopt Bitcoin as reserve asset

  Senator Cynthia Lummis intends to introduce legislation for the Federal Reserve to hold Bitcoin as a strategic reserve asset. The proposal aims to diversify the Fed's foreign currency holdings with Bitcoin. Lummis seeks support from Senate Banking Committee colleagues and hopes for Donald Trump's endorsement. The US currently holds 210,000 bitcoins valued at over $66,000 per token. The bill faces challenges under the current administration's cautious approach to crypto. If passed, it could significantly impact US financial policy and Bitcoin's value.

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• Jul 24, 3:33 PM Coindesk

  Bitstamp will begin distributing Bitcoin, Bitcoin Cash to Mt. Gox creditors on Thursday

  Bitstamp is set to start distributing Mt. Gox proceeds on Thursday, marking a significant milestone for customers who lost funds in the 2014 hack. The payout includes Bitcoin, Ethereum, and Bitcoin Cash tokens received from Mt. Gox trustees. This distribution comes nearly a decade after the exchange's collapse, offering long-awaited compensation to affected users. UK customers are excluded from the initial distribution phase.

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• Jul 24, 12:00 PM Cointelegraph

  Ferrari to launch crypto payments in Europe following US success

  Ferrari is expanding its crypto payment system to Europe after a successful US launch. The Italian luxury car maker will roll out crypto payments to European dealers by July 2024, with plans for global expansion where legally accepted. Ferrari's system converts crypto to fiat, protecting dealers from price volatility. The move follows partnerships with crypto payment firms like BitPay in the US market.

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• Jul 23, 6:45 PM Cryptoslate

  Trump leads Harris in Polymarket odds with swing state advantage

  Polymarket predicts Trump has a 64% chance of winning the presidency compared to Harris's 34%. Trump leads in all key swing states, with Republicans holding significant advantages in Georgia, Arizona, and Nevada. The market forecasts a 40% likelihood of a Republican sweep across the presidency, Senate, and House. Harris remains the frontrunner for the Democratic nomination with 92% odds. Polymarket's predictions have proven accurate in the past, notably forecasting Biden's withdrawal from the presidential race.

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• Jul 23, 6:03 PM Bitcoin Sistemi

  Toyota explores Ethereum blockchain integration for autonomous vehicles

  Toyota is exploring Ethereum blockchain tech for its vehicles, developing a Mobility Oriented Account using the ERC-4337 standard. This initiative aims to support future autonomous driving and maintain account access if private keys are lost. Toyota Blockchain Lab seeks input from the Ethereum community, including proposals like EIP-7702, as they design this blockchain-based vehicle integration.

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• Jul 23, 5:30 PM Beincrypto

  Bitcoin dominance drops signaling potential altcoin bull run

  Bitcoin dominance has fallen from 55.8% to 55.4%, while the altcoin market cap increased by 3.8% to over $1.05 trillion. This shift, coupled with positive investment inflows across various altcoins, suggests a potential bull run for non-Bitcoin cryptos. The TOTAL2 chart and a possible bullish EMA crossover further support this outlook. However, some analysts caution that it might take two more months before altcoins outperform Bitcoin. The altcoin rally could be invalidated if Bitcoin approaches $70,000.

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• Jul 23, 4:10 PM dYdX

  dYdX v3 website compromised, users warned to avoid access

  dYdX's v3 interface has been compromised, prompting an urgent warning to users. The crypto exchange advised against visiting dYdX.exchange or clicking any associated links until further notice. This security breach is specific to the v3 platform and does not affect dYdX v4. The exchange is investigating the issue and will provide updates as they become available.

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