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🔥 Rally Report 🔥
CAT IN A DOGS WORLD
The price of MEW has rallied by 18% in the past 24 hours.
WHY?!
📈 Part of a larger rally seen among Solana meme coins, especially cat-themed meme coins.
🐈⬛ Interestingly, the rally coincides with a recent X post that saw cat-themed memecoin developers declaring the current period of time as the “global cat season.” The post noted how leading fashion and cultural brands such as Skims, Gucci, Goyard, Givenchy, Vogue, TIME, LVMH, and Bottega have highlighted cats in their 2024 campaigns.
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🚨 New Video Alert!! 🚨
The moment is upon us...
The Ethereum ETFs are about to launch and everyone is wondering what potential inflows we could see. Some seem to think that it could be a massive "sell the news" event that sends it lower. While others believe that it could kick off a massive ETH rally.
In our video today, we break down all the estimates that are out there for the inflows from a number of sources. We analyse the potential price impact and where we could see ETH going in the coming months.
This is a video you can't miss!
🔥 Rally Report 🔥
STARKNET
The price of STRK has rallied by 7% in the past 24 hours.
WHY?!
📆 Starknet has officially confirmed the dates for the testnet and mainnet launch of its upcoming Starknet v0.13.2 upgrade. Testnet launch is scheduled for August 5th and mainnet launch is scheduled for August 26th.
⚡️ Starknet v0.13.2 is expected to introduce parallel execution, and much faster confirmation and block times.
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Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
It’s time for another weekly crypto review. Last week’s price action seems to have been driven primarily by the spot Bitcoin ETF investors buying the dip and short traders getting squeezed.
It seems that this week’s price action will be defined by the spot Ethereum ETFs which are expected to list tomorrow. Trump’s crypto antics could also serve as a tailwind to BTC, ETH, and altcoins.
Last but not least, the Fed seems to be raising its voice about how it’s going to lower interest rates. While rate cuts have historically been bearish for stocks, they could be very bullish for crypto.
All that and more in today’s video!
🔥 Rally Report 🔥
CAT IN A DOGS WORLD
The price of MEW has rallied by 45% in the past 24 hours.
WHY?!
📈 Part of a larger rally seen among Solana meme coins, especially cat-themed meme coins.
🐱 Notably, this recent shift from dog-themed to cat-themed memecoins appears to be led by the success of MOG on Ethereum.
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🔍 https://www.coinbureau.com/review/blofin-review/
🚨 New Video Alert!! 🚨
If you’re a fan of macro, you’ve probably been keeping up with the headlines about the prospect of a BRICS currency. If that’s the case, you probably heard about the US-Saudi oil deal expiring recently.
Well, it turns out that this was fake news – the petrodollar isn’t at risk, at least not from a 50-year-old deal. However, it certainly is at risk because of a new payment system that was launched by the BRICS.
Believe it or not, but just a few days before the supposed Saudi-oil deal was set to expire, a brand new BIRCS focused payment system was launched, with Saudi Arabia coming on board.
This is a video you cannot miss!
🔥 Rally Report 🔥
CORE
The price of CORE has rallied by 9% in the past 24 hours.
WHY?!
💸 The 2024 Bitcoin Conference is scheduled to happen on July 27th in Nashville. CORE’s rally could be due to speculation surrounding a pump in the price of BTCFi tokens ahead of the conference.
📈 The TVL on CORE has also seen a massive rise this month. As of today, the TVL on CORE has hit a new all-time high, standing at nearly $150 million.
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🔍 https://www.coinbureau.com/review/blofin-review/
🔥 Rally Report 🔥
SEI NETWORK
The price of SEI has rallied by 16% in the past 24 hours.
WHY?!
📈 The TVL on SEI has been hitting new all-time highs over the past few weeks. Notably, TVL on the Sei network is currently at $98 million, just $2 million away from achieving the $100 million mark.
⚡️ Most of the influx in assets and subsequent rise in TVL seems to be led by Yei Finance – a fork of Aave and also Sei’s first borrowing and lending protocol. It currently features SEI, USDT, and USDC for borrowing and lending.
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🔥 Rally Report 🔥
MANTLE
The price of MNT has rallied by 6% in the past 24 hours.
WHY?!
⚡️ Mantle Network recently unveiled the first season of its “Metamorphosis” campaign – a token incentive program for the Mantle Liquid Staking Protocol (LSP). Mantle LSP is a permissionless, non-custodial ETH liquid staking protocol deployed on Ethereum L1 and governed by Mantle. Metamorphosis allows mETH users to begin accruing “Powder,” similar to points, that will be convertible to Mantle LSP’s future governance token, COOK.
📈 Mantle also announced that it had achieved a new all-time high TVL of $612M.
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Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🔔 MARKET MOVING NEWS! (18/07/24)
1️⃣ North Korean Hackers Likely Behind $235 Million WazirX Exploit: Elliptic ❓
Earlier today, Indian Crypto exchange WazirX experienced a security breach in one of its multisig wallets. The attack saw the hacker withdraw almost $235 million in crypto assets from the exchange. The exchange has since temporarily paused withdrawals. Blockchain analytics firm Elliptic has suggested that the hackers may be affiliated with North Korea. Specifically, Elliptic noted that the post-attack behaviour of the attacker’s wallet address was consistent with behaviour demonstrated by North Korean hackers in previous incidents. Notably, the stolen funds exceed 45% of WazirX’s total reserves. The exchange had last disclosed $500M holdings in a Proof of Reserves Report in June.
Source
2️⃣ State Street Said to Explore Creating Stablecoin, Deposit Token 🔍
According to a Bloomberg report, the leading global asset management company State Street is exploring blockchain technology for payment settlements and is also considering launching its own stablecoin. The report also states that State Street is evaluating joining digital-cash consortium efforts and is looking at settlement options through its investment in Fnality - a blockchain payment startup expanding into the US. Notably, the report comes as State Street is increasing its presence in the digital asset space. State Street has previously partnered with Galaxy Asset Management to launch exchange-traded funds focused on crypto firms.
Source
3️⃣ SEC Approves Grayscale, ProShares Spot Ethereum ETFs For Trading On NYSE Arca ⚡️
According to recent filings, the United States Securities and Exchange Commission (SEC) has approved the 19b-4 forms of two spot Ethereum ETFs, the Grayscale Ethereum Mini Trust and the ProShares Ethereum ETF, for listing on the New York Stock Exchange’s (NYSE’s) Arca electronic trading platform. While the approval of the Form 19b-4 filing authorises NYSE to facilitate the trading of the funds, the issuers must still stand by for final comments on the ETFs’ respective S-1 filings before the spot products can actually commence with the listing.
Source
4️⃣ Robinhood Agrees to $9 Million Settlement Over Unsolicited Text Messages 🤝
A United States federal judge has reportedly approved a $9 million settlement in a class-action lawsuit against the crypto and stock trading platform Robinhood. The class-action lawsuit was filed against Robinhood over its role in sending unsolicited text messages to thousands of residents. Specifically, the lawsuit claimed that Robinhood's “refer-a-friend” program violated the Washington Commercial Electronic Mail Act and the Washington Consumer Protection Act by sending promotional text messages without the recipient's consent. Each participating member in the class-action lawsuit is expected to receive a cash payment between $111 and $170, depending on the number of validated claims.
Source
5️⃣ Mt. Gox Creditors Reportedly Hit By Failed Login Attempts Amid Repayments 🥶
According to recent posts on a Mt. Gox creditor subreddit, someone is attempting to log into creditors' Mt. Gox accounts amid ongoing BTC repayments. Several Reddit users reported as many as 22 failed attempts. The repeated login attempts suggest that someone is trying to “brute force” their way into gaining control of that account to withdraw any BTC received. However, some believe it could simply be a website glitch. At the time of writing, the Mt. Gox claims portal “is temporarily down for maintenance.”
Source
Metaplanet, a publicly listed Japanese investment adviser, has reportedly purchased an additional 21.88 BTC valued at 200 million yen ($1.2 million). Notably, the latest purchase has brought the company’s total BTC holdings to 225.6 Bitcoin, valued at $14.6 million. According to data shown on Google Finance, the recent BTC purchase has fuelled a surge in Metaplanet share prices — up 25.8% to $0.74 (117 yen) in the opening two and a half hours on the Tokyo Stock Exchange on July 16. The firm’s stock price has soared nearly six-fold since it unveiled its Bitcoin investment strategy on April 9, 2024.
Source
🔥 Rally Report 🔥
PEPE
The price of PEPE has rallied by 24% in the past 24 hours.
WHY?!
📈 Part of a larger market rally, especially among memecoins.
💰 PEPE’s price action seems to be further driven by a large market purchase by VC firm Nascent. On-chain insights offered by ‘Lookonchain’ reveal that Nascent swapped MKR positions for PEPE and LDO tokens today. Specifically, it accumulated 141.23 billion PEPE, worth $1.57 million.
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Looking for a Blofin guide?! 👇
🔍 https://www.coinbureau.com/review/blofin-review/
🔔 MARKET MOVING NEWS! (23/07/24)
1️⃣ Gate.io to Shift Japanese Customers to Compliant Crypto Exchanges as it Exits Market ‼️
In an announcement posted yesterday, crypto exchange Gate.io revealed that it was terminating services for all Japanese customers due to “compliance requests” from the country’s financial regulator. Gate.io added that it would assist affected customers in migrating their assets to compliant Japanese crypto asset exchange operators. The exchange also stated it would remove Japanese language support from its platform.
Source
2️⃣ US Spot Ethereum ETFs To Begin Trading On July 23 ⚡️
U.S. regulators have approved spot Ether exchange-traded funds (ETFs) to begin trading in the United States on July 23. The US Securities and Exchange Commission (SEC) approved the final S-1 registration statements necessary for the ETFs to launch on stock exchanges, including the Nasdaq, the NYSE Arca, and the Chicago Board Options Exchange. All spot Ether ETFs except the Grayscale Ethereum Trust will offer a base fee between 0.15% and 0.25%.
Source
3️⃣ Mt Gox Moves $2.8 Billion Worth Of Bitcoin To New Address: Arkham ▶️
According to data from Arkham Intelligence, a wallet address belonging to Mt Gox sent about 42,587.49 BTC ($2.82 billion) to a new address on Tuesday. The movement appears to be part of Mt Gox’s ongoing repayment of BTC worth $9 billion to creditors. The wallet also moved 5,110.16 BTC to its cold storage address ending with “1Jbez” and 2,238.87 BTC (worth $150 million) to Bitstamp. The Bitstamp transfer is likely a sign that the exchange’s distribution of BTC repayments is imminent.
Source
4️⃣ Kamala Harris Urged by Lobbying Group to Support Crypto and 'Change Perception’ 🔍
The Digital Chamber, a digital asset trade association, has reportedly penned an open letter to the United States Vice President Kamala Harris on July 22 advocating for a more crypto-friendly stance and industry engagement from the potential Democrat nominee, following President Joe Biden’s decision not to seek reelection.
The letter recommends that Vice President Harris foster “open dialogue” with key crypto industry leaders, as well as include pro-crypto language in the Democratic Party’s platform. It also advises Harris to select a pro-crypto running mate in an attempt to repair her party’s rocky relationship with digital asset holders and companies.
Source
5️⃣ Swan To Cancel Public Listing And Shutter Bitcoin Mining Unit Following Layoffs 💸
California-based, bitcoin-only investment platform Swan Bitcoin is reportedly rolling back its mining business revealed earlier this year. CEO Cory Klippsten also announced the company would be scrapping its plans for an initial public offering “in the near future” following the shutdown of its mining operations. The company revealed that it laid off several employees “across many functions.” Klippsten said he would attempt to assist those downsized employees with new jobs. He also clarified that the company will still offer BTC financial services and free bitcoin education.
Source
6️⃣ India Keeps Controversial Crypto Tax Rules Unchanged, Finance Minister's Budget Speech 🕯
India's Finance Minister Nirmala Sitharaman introduced the full budget for 2024-2025 yesterday. However, the budget failed to mention cryptocurrencies, leaving the existing tax regulations unchanged. Notably, the primary demand from local crypto advocates was to reduce the controversial tax-deducted-at-source (TDS) policy on crypto transactions from 1% to 0.01%. Instead, the government increased the long-term capital gains tax from 10% to 12.5% and short-term capital gains taxes from 15% to 20%. Whether this will have any impact on crypto trading is unclear.
Source
🔔 MARKET MOVING NEWS! (22/07/24)
1️⃣ Joe Biden Drops Out Of United States Presidential Race
In a July 21 statement, United States President Joe Biden announced that he was officially ending his re-election bid just four months before election day. While he didn’t cite his reasons for bowing out, he claimed it was in the “best interest of my party and my country.” His absence leaves the Democratic Party without a nominee for the 2024 US presidential election. While no replacement has been officially confirmed many speculate that Vice President Kamala Harris will be the most likely chosen to replace Biden.
Source
2️⃣ Kamala Harris Meme Coin Soars to All-Time High After Joe Biden Drops Out 🕯
KAMA, a memecoin inspired by U.S. Vice President Kamala Harris, hit an all-time high of 2.4 cents in the minutes following President Joe Biden's announcement that he was dropping his re-election campaign. Meanwhile, BODEN fell by nearly 50% following Biden's announcement. According to bets made on the prediction market Polymarket, Vice President Kamala Harris is now the leading contender for becoming the new Democratic Party nominee for the 2024 race.
Source
3️⃣ Metaplanet Completes Bitcoin Buying Goal With Another $1.2M Purchase 💸
Japanese investment and consulting firm Metaplanet has reportedly completed its plan to purchase 1 billion yen worth of BTC which it announced in June. At the time, the firm said it would issue 1 billion yen (about $6.26 million) worth of bonds to raise money to buy Bitcoin. The firm’s latest purchase was 20.38 BTC worth about $1.2 million (200 million yen). In total the company was able to purchase 104.91 BTC, paying an average price of 9,531,162 (about $60,700) yen per Bitcoin. This puts the company’s total Bitcoin holdings at 245.99 BTC, worth $16.5 million at current market prices. The consulting firm said its basic policy is to “hold Bitcoin for the long term.”
Source
4️⃣ Bitcoin Price Hits $68,000 After China Unexpectedly Cuts Interest Rates 📈
The price of BTC briefly touched $68,000 early Monday morning. The spike comes after the People's Bank of China (PBOC) surprised markets with an unexpected cut to its short-term policy and benchmark lending rates on Monday. Notably, the announcement arrived as investors were looking ahead to the U.S. Federal Reserve's next Federal Open Market Committee meeting, which is scheduled for July 31. According to the CME FedWatch Tool, roughly 95% of investors are now sure the FOMC will leave interest rates as they are in nine days time.
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5️⃣ Two Animoca Brands Subsidiaries Partner With TON Foundation 🤝
Two Animoca subsidiaries – Mocaverse and MOCA Foundation have reportedly partnered with the TON Foundation to incorporate identity and reputation networks into Moca Network and TON blockchain ecosystems. As part of the strategic partnership, MOCA Foundation and TON Foundation have entered a token-swap agreement between MOCA and TON to encourage bolstered user activity between the two ecosystems.
TON Foundation Council President Steve Yun stated,
TON’s vision of freedom of interaction aligns strategically with Animoca Brands’ focus on digital property rights. This partnership validates that TON has become the platform of choice for games and social apps. The reputation system we co-create will become a powerful opt-in platform through which users can express their identity and values on-chain.
🔔 MARKET MOVING NEWS! (21/07/24)
1️⃣ Fractal ID Data Breach Traced To 2022 Hack Of Employee Who Reused Password ❌
Decentralised identity startup and KYC verification provider Fractal ID has published a postmortem outlining the data breach that the company suffered on July 14. According to the report, the breach has been traced back to a 2022 incident where an employee reused a compromised password. The employee reportedly had administrator-level access to the system. This allowed the hacker to "sidestep" internal data privacy systems before an automated system notified an engineer and allowed them to shut out the attacker 29 minutes after the attack began.
The Berlin-based Fractal ID provides compliance assistance for at least eight crypto protocols including Polygon, Ripple and Near and counts over 250 companies among its clientele. The company said the data breach "may include names, email addresses or phone numbers, wallet addresses, physical addresses, images and pictures of any uploaded documents" of about 6,300 users, or .5% of the users in Fractal ID's database.
Source
2️⃣ TSMC Becomes First Asian Company To Reach $1T As AI Demand Surges 📈
Yesterday, Taiwan Semiconductor Manufacturing Company Limited (TSMC) became the first Asian firm to reach a market capitalisation of more than a trillion dollars. It briefly surpassed Berkshire Hathaway to become the eighth most valuable company in the world. TSMC is the world’s largest semiconductor manufacturer. Its top customers include Apple, AMD, Intel, Nvidia, Intel, and Qualcomm.
Source
3️⃣ Arkham Transfers $487M ARKMs To Coinbase Prime For Tax Compliance 🔍
On-chain intelligence firm Arkham has reportedly withdrawn 304.5 million ARKMs (worth $487.24 million) from its vesting contract and transferred them to Coinbase Prime custody. According to the firm, the team’s tokens were transferred to Coinbase Prime to ensure proper tax payments and regulatory compliance. The transaction also reportedly includes 115.8 million ARKM tokens (worth $185.28 million) owned by Arkham CEO Miguel Morel.
Source
4️⃣ Chainalysis Unveils Operation Spincaster To Fight $2.7B In Crypto Fraud ⚡️
Blockchain data firm Chainalysis has announced the launch of ‘Operation Spincaster’ - an international effort created to fight “approval phishing” scams which have defrauded victims of $2.7 billion in crypto since May 2021. Notably, Operation Spincaster is a global extension of ‘Operation Disruption’ - an operational sprint Chainalysis conducted with the Calgary Police Service back in March. Operation Disruption brought several Canadian law enforcement agencies and crypto businesses together to address crypto-related crime. Since its evolution into ‘Operation Spincaster,’ the program identified thousands of compromised wallets and became a series of operational sprints across six countries — US, UK, Canada, Spain, Netherlands and Australia — with more than 100 attendees, including 12 public sector agencies and 17 crypto exchanges.
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🔔 MARKET MOVING NEWS! (20/07/24)
1️⃣ Five Spot Ethereum ETFs, Including Fidelity, Will Launch On July 23, Exchange Cboe Says In Notices ▶️
According to recent notices posted by exchange Cboe, five spot Ethereum exchange-traded funds (ETFs) will begin trading on July 23. Specifically, the five ETFs are the Fidelity Ethereum Fund, the Franklin Ethereum ETF, the Invesco Galaxy Ethereum ETF, the VanEck Ethereum ETF and the 21Shares Core Ethereum ETF. The notices are procedural ahead of product launches.
Source
2️⃣ WazirX Launches Bounty Program To Recover Stolen Assets ❓
Indian crypto exchange WazirX, which recently faced a significant cyberattack, has announced the launch of a bounty program to freeze and recover stolen assets. This program is part of their strategy to enhance their efforts in tracing the stolen funds. The exchange has reportedly taken several immediate actions in response to the cyberattack, including filing a police complaint and reporting the incident to the Financial Intelligence Unit (FIU) and CERT-In. WazirX’s co-founder Nischal Shetty also made a separate post stating that the exchange is reaching out to over 500 exchanges to block the identified addresses associated with the stolen funds.
Source
3️⃣ Liminal Blames Compromised WazirX Devices For Hack, Claims UI Not Responsible 🔍
MPC wallet provider Liminal has reportedly released a post-mortem report on the July 18 WazirX hack, claiming that its user interface was not responsible for the attack. According to the report, the hack occurred because three WazirX devices were compromised.
The report reads,
There is no breach in Liminal’s infrastructure, wallets and assets. Unfortunately three of the victims machines have been found injecting malicious payloads into the transaction indicating a sophisticated, well planned and targeted attack on one specific Gnosis Smart Contract Multi-Sig wallet.
I’ve decided to step aside from my operating CEO role at Messari and transition to the role of Senior Advisor. This was a decision I did not take lightly and one I was very close to making last month, as I considered the problems I was most passionate about tackling in society at large.
🔔 MARKET MOVING NEWS! (19/07/24)
1️⃣ Bitcoin, SHIB Trade at 30% Haircut on WazirX as Exploiter Converts Stolen Loot to Ether 🔽
According to blockchain tracker Lookonchain, the North Korea-linked exploiter that drained $230 million from Indian crypto exchange WazirX has converted most of the stolen user assets into ETH, totalling $200 million. The mass conversion of funds to ETH included $90.2 million worth of SHIB, $10.2 million worth of MATIC and nearly $7.5 million in PEPE. As of Friday morning, the exploiter holds over 59,097 ETH worth $200 million at current prices, and another $15 million in various alternative tokens. Almost all tokens listed on WazirX are trading at steep discounts to their global and local prices, a sign of poor liquidity and immense selling pressure.
Source
2️⃣ South Korea Enacts First Crypto Investor Protection Law, Bolstering Existing Rules ‼️
South Korea's first crypto regulatory framework focusing on investor protection, the Virtual Asset User Protection Act, officially takes full effect with a one-year grace period for refining regulatory details.
The Virtual Asset User Protection Act aims to target unfair trading practices following the disastrous collapse of Terra-Luna and FTX in 2022. Local crypto exchanges are now required to store at least 80% of user deposits in a cold wallet. The legislation also mandates exchanges to set up real-time monitoring systems to report illegal trading activities alongside maintaining 15-year transaction records for verification and tracking. Lawmakers are currently discussing follow-up regulations, including regulating token issuers and reviewing the ban on institutional investment in crypto.
Source
3️⃣ Tyler Winklevoss Donates $500K To John Deaton's Campaign 💰
Yesterday, Gemini co-founder Tyler Winklevoss announced a $500,000 donation to attorney John Deaton's Senate campaign. In a lengthy social media thread explaining the donation, Winklevoss laid out his case that was highly critical of incumbent Elizabeth Warren, calling the Massachusetts Senator the "chief architect" behind the Biden administration's war on the crypto industry. He claimed that Warren was pulling the strings behind the scenes making the heads of regulatory agencies her puppets and giving rise to the Federal Deposit Insurance Corporation's (FDIC) Operation Chokepoint 2.0.
Source
4️⃣ Microsoft IT Outages Hit Worldwide After Faulty Update From Cybersecurity Firm Crowdstrike ❌
Businesses around the world are facing massive IT disruptions after a faulty software update from cybersecurity firm Crowdstrike caused thousands of Windows-based IT systems and endpoints that downloaded the update to crash. Affected systems were reportedly faced with the “blue screen of death” (BSOD) and were unable to reboot and function properly. The outages have grounded flights, disrupted trains, affected banks, health services, and Sky News was unable to broadcast.
While the effects were first reported in Australia and New Zealand, it has since spread into Asia and Europe. Many first suspected the outage to be the result of a cyber-attack. However, CrowdStrike CEO George Kurtz reassured customers that the incident was not a security breach or cyberattack. He explained that the outage stemmed from an update to the firm’s Falcon Sensor security product and that Crowdstrike was working on rolling back the faulty update.
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📣 Important Announcement! 📣
For those of you who subscribe to our weekly newsletter and who use Gmail, you may not have picked up this week's newsletter.
That's because it seems Google mail may have flagged it as "spam". This is as a result of someone who attacked our website and signup form this weekend.
While it is unfortunate, we are working to repair deliverability. But, it would be great if you could help as well.
If you didn't get it, you can head to your spam folder in your Gmail web or mobile client. It should definitely be there and is titled "This is Could Crash The Crypto Market". Can you then please hit the "Report as not spam" button. This will ensure that you will still be getting the legitimate and correct weekly newsletter from Coin Bureau.
It would be much appreciated 🙏
🚨 New Video Alert!! 🚨
Politicians and regulators have enormous power over crypto. With a stroke of the pen, they can decide what counts as financial freedom and what counts as crypto crime. So, it’s no surprise that they’re often the main characters in crypto news.
However, there is another class of government agents who have just as much power over us - and yet they are almost invisible in the media.
But not anymore. A new report has laid bare how law enforcement agencies view crypto, and just how much power they have to investigate us. Today, we’re exploring the mind of the crypto cop. Tune in to find out what makes them tick, and what it means for us.
🚨 New Video Alert!! 🚨
Joe Biden’s cognitive decline has turned the 2024 presidential race upside-down. The President’s own supporters are now desperate to see him throw in the towel, while his opponents can only pray he keeps going.
If the Democrats don’t want the election to go the same way the Biden-Trump debate did, they’re going to need a replacement, and fast. The clock is ticking, and Joe’s fans and foes alike are asking questions like “wen Kamala?”, “will Gavin?”, and “why won’t Michelle?”
The truth is, any change on the Democratic ticket this November will have profound implications for the crypto market. That’s why today, we’re bringing you the low-down on the Democrats most likely to replace Biden, and what their candidacy could mean for crypto.
This is a video you don’t want to miss.
🔔 MARKET MOVING NEWS! (16/07/24)
1️⃣ BlackRock CEO Larry Fink Calls Bitcoin 'Legitimate Financial Instrument' ▶️
In a recent interview with CNBC, BlackRock CEO Larry Fink reiterated his newfound “belief” in Bitcoin, confirming that he had changed his mind about it in the last five years. Notably, Fink's interview follows BlackRock's second-quarter earnings results, which topped analyst estimates as assets under management increased 13% year-over-year to $10.6 trillion.
Fink stated,
I was a proud sceptic and I studied it, learned about it, and I came away saying, okay, you know, my opinion [for] five years was wrong [...] I'm not trying to say there's not misuses like everything else, but it is a legitimate financial instrument that allows you to have maybe uncorrelated, non-correlated type of returns […] It is an instrument that you invest in when you’re more frightened. It is an instrument when you believe that countries are debasing their currency by excess deficits. There’s a real need for everyone to look at it as one alternative.
After lengthy deliberation and thought, and considering the tremendous talents of many others, I have decided that the person best suited to assume the position of Vice President of the United States is Senator J.D. Vance of the Great State of Ohio. J.D. has had a very successful business career in Technology and Finance, and now, during the Campaign, will be strongly focused on the people he fought so brilliantly for, the American Workers and Farmers in Pennsylvania, Michigan, Wisconsin, Ohio, Minnesota, and far beyond.
⚠️ The Coin Bureau will NEVER EVER launch a token!!
Any emails, social media posts, messages or videos that say otherwise are a SCAM. Please stay vigilant.
🚨 New Video Alert!! 🚨
Are you ready for another wild week in the crypto market? Regardless of what you answer, today’s video will help, because it breaks down what happened last week and what could be coming.
Following Germany’s BTC sales, the focus is turning to Mt. Gox creditors who could dump. Interestingly, ETH investors seem to be preparing to the do the same when the spot Ethereum ETFs launch.
The good news is that the SEC seems to be quietly de escalating its war against the crypto industry by giving stablecoins a pass. The even better news is that altcoins are slowly but surely waking up.
This is a video you can’t afford to miss!