✅ During the US presidential election campaign, crypto has become one of the major topics of discussion. American politicians seem to be competing to see who can make the most sweet promises to single-issue voters 🇺🇸
😁 The crypto conference in Nashville: Donald Trump gave a very bullish speech, the details of which you can read here. Senator Lummis even suggested that the US government buy 1 million bitcoins!
Anyway, all this bullish news was already priced in, and the stock market is not doing well, to say the least, with the NASDAQ down 7% from its July highs, which doesn't help the crypto market to grow, at all 🤷♀️
Weekly news digest:
💎 Crypto
🔸 Nine spot Ethereum ETF issuers launched their ETFs initial trading volume was > $1 billion for a few days
🔸 JD, one of China's largest e-commerce groups, will issue a HK dollar stablecoin on the public blockchain
🔸 Fortnite may utilize blockchain in the future, Epic Games CEO Tim Sweeney said 🎮
🔸 ETHTrustFund rugged its users for $2 million worth of crypto on Base
🏦 Crypto exchanges
🔸 Kraken exchange began distributing Mt. Gox bitcoins to creditors
🔸 Coinbase Asset Management is creating a tokenized money-market fund 💰
🔸 The BNB Foundation has announced that a total of 1,64 million BNB, worth $981 million were burned
💸 Finances and Economy
🔸 Tesla released its quarterly report: The company still holds $640 million worth of BTC, hasn't sold any
🔸 Luxury automaker Ferrari has announced that it will accept cryptocurrency payments in Europe 🏎
🔸 OpenAI has announced its intention to enter the search engine market with the announcement of SearchGPT
🔸 Bitcoin financial services company Swan revealed that it will shut down its managed mining operations
⚖️ Law and Order
🔸 A Bitcoin lobbying group wants the UK to refrain from selling more than 61,000 government-controlled bitcoins
🔸 Seven US states have joined forces to oppose the SEC's regulation of crypto 🤝
🔸 U.S. Senate considers vote to ban members of Congress from trading stocks before the November election
🔸 The Digital Chamber is urging presumptive Democratic nominee Kamala Harris to embrace the U.S. crypto industry as part of her campaign
🗣 Person
🔸 Founder and owner of Telegram, mentioned the popular Telegram play-to-earn game Catizen
🔸 Elon Musk has denied donating $45 million a month to a pro-Donald Trump political action committee 🙅♂️
🔸 Activist Andrew Left of Citron Research, who regularly accused firms of securities fraud, has been charged with engaging in securities fraud
🔸 Robert F. Kennedy Jr. said he’d push the federal government to buy Bitcoin
