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Cointelegraph covers Fintech, Blockchain and Bitcoin bringing you the latest news and analyses on the future of money. For advertising enquiries please contact advertise@cointelegraph.com

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Bitcoin pushes toward $70K — just 6% needed for new all-time high

Bitcoin price came within 5.7% of its peak today as the week begins with positive sentiment.

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🗣️ In an exclusive interview at Bitcoin2024, presidential candidate Robert F. Kennedy, Jr. explains how he stumbled into Bitcoin and what drove him to become an avid supporter of BTC.

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Harris's campaign aims to repair democratic ties with crypto sector

As the 2024 election approaches, the interplay between political strategies and industry dynamics will continue to evolve.

https://ct.com/cugo

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🇺🇸 BREAKING: "Never sell your Bitcoin! The federal government holds 210,000 BTC. If elected, my administration will keep 100% of all Bitcoin the US owns." - Donald Trump

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🗣️ Senator Cynthia Lummis said "Over five years, the United States will assemble 1 million Bitcoin, 5% of the total supply. And that's only the beginning."

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🇺🇸 Donald Trump: "The danger doesn’t come from #crypto it comes from Washington DC".

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🇺🇸 In an exclusive interview at The Bitcoin Conference, presidential candidate Robert F. Kennedy Jr explains why he intends to make the US adopt Bitcoin as a 'strategic asset' and acquire 4 million BTC.

If we are the first movers on Bitcoin and we get 4 million Bitcoins, it will cost us around $750 billion, but within a few years, that's going to be worth $100 trillion.

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ZachXBT criticizes Irene Zhao's new memecoin amid past failures

As Zhao attempts to clarify her past actions and emphasize her commitment to transparency and accountability in future endeavors, the crypto community remains divided.

https://ct.com/cubi

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Grayscale Ethereum Trust ETF hits historic net outflow of $1.5B

Based on the present rate of outflows, ETHE's ether reserves may be exhausted in a relatively short timeframe, potentially within weeks.

https://ct.com/cual

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🧐 Is government oversight non-negotiable for the future of crypto?

Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception.

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🇯🇵 Japan crypto ETFs boosted by Franklin Templeton and SBI Holdings partnership

The Japanese joint venture will focus on ETFs and other “emerging asset classes,” including digital assets and cryptocurrency.

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At the Bitcoin 2024 conference in Nashville, BlackRock's head of digital assets, Robert Mitchnick, stated that client interest is predominantly in Bitcoin and Ethereum, with "very little interest" in other cryptocurrencies.

He indicated that BlackRock doesn’t anticipate many crypto ETFs beyond BTC and ETH, aligning with their launch of the iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust ETF (ETHA).

$BTC and $ETH ETF issuer Franklin Templeton is optimistic about the launch of more crypto ETFs in the US, including a Solana product.

“Besides Bitcoin and Ethereum, there are other exciting and major developments that we believe will drive the crypto space forward”

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Robert F. Kennedy Jr. when asked about his experience with the #Bitcoin conference on Karate Combat tonight:

“I’m a huge supporter of Bitcoin. I was here a year ago. I went home with most of my wealth into Bitcoin. So, I’m fully committed.”

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Cointelegraph

📈 Bitcoin has jumped 4.3% as future traders skew toward long positions ahead of Donald Trump’s speech at the Bitcoin Conference.

Waiting for his speech?

❤️ - YESSS
🌚 - No

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Cointelegraph

US senator withdraws support for Elizabeth Warren’s anti-crypto bill

Republican Senator Roger Marshall has withdrawn as a cosponsor for an anti-crypto bill he co-created with Senator Elizabeth Warren in 2022.

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Cointelegraph

$600M XRP token release to bring August crypto unlocks to $1.5B

The month of August is shaping up to be a big month for token unlocks, with just shy of $1.5 billion in tokens being released to the market.

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HK police arrest four, including teen, in HK$11M crypto fraud

The authorities continue to urge the public to remain cautious and verify the legitimacy of financial transactions to avoid falling victim to such elaborate scams.

https://ct.com/cuh3

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Cointelegraph

Swiss regulator FINMA targets stablecoin issuers in new proposal

As stablecoins continue to gain traction globally, regulatory initiatives such as FINMA’s guidance are likely to influence policies in other jurisdictions.

https://ct.com/cufx

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🇺🇸 Summary of Trump's Speech at Bitcoin 2024

• Trump outlined plans to end the perceived adversarial stance of the US government towards cryptocurrency.
• Announced a policy to retain 100% of the US government’s current and future Bitcoin holdings.
• Recommitted to efforts to free Ross Ulbricht, the former operator of the Silk Road marketplace.

Price Fluctuations:
• One hour before the speech: Bitcoin was priced at $68,626.
• 30 minutes before the speech: The price slightly increased to $68,126.
• During the speech: Bitcoin traded at approximately $68,447.
• After the speech: The price dropped to $67,382, down about 1.72% from three hours earlier.

Current price of Bitcoin is $69,081.68.

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🇺🇸 JUST IN: Donald Trump says “America will become the Bitcoin mining power house”.

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🎙 Donald Trump is speaking at the Bitcoin 2024 conference NOW.

He said that Bitcoin's market capitalization could surpass gold in the future.

Trump reaffirmed his previous intentions to make the U.S. a more favorable jurisdiction for the crypto business, including mining. 🇺🇸

“I will fire Gary Gensler”

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Cointelegraph

Bitcoin advocate Mow lists six proposals for Trump's Nashville speech

The Bitcoin advocate aims to influence the political leader to consider Bitcoin a viable and strategic component of the national economy.

https://ct.com/cuc0

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Cointelegraph

WazirX launches fair fund recovery plan post $230M hack

Drawing lessons from past incidents such as the Mt. Gox and Bitfinex hacks, WazirX aims to apply the best practices from these cases to ensure a fair and efficient resolution.

https://ct.com/cub9

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Cointelegraph

Presidential candidate Robert F. Kennedy Jr. praised the role #Bitcoin could play in improving the US economy at the #Bitcoin2024 event, proposing sweeping changes to US monetary policy. He pledges four Bitcoin-related executive orders upon taking office as President:

🔸 His plan includes transferring 204,000 $BTC held by the US to the Federal Reserve as a "strategic asset" and directing daily purchases of 550 $BTC.

🔹 Kennedy aims to build a US Bitcoin reserve of at least 4 million $BTC, claiming this would give America economic dominance.

🔸 Making BTC-USD transactions non-reportable or non-taxable by the IRS.

🔹 Allowing BTC as an eligible asset for 1031 exchange into real property.

“Transactional freedom is as important as freedom of expression in the 1st Amendment,” he added, suggesting BTC could restore the US economy to pre-Nixon era conditions.

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Elon Musk’s X removes crypto emojis, leaving community puzzled 🧐

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🎙️ Bitcoin developer Jimmy Song made a strong statement at the Bitcoin 2024 conference:

“I hate that Bitcoin conferences are focused on banking, ETFs, BlackRock. Those aren’t my values. Those aren’t Bitcoin values. Those aren’t American values”.


Are ETFs moving Bitcoin away from its core principles?

Tune in! 🎧

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Cointelegraph

🚀 Unleashing finance with real-world asset tokenization!

Join Kinto CEO Ramon Recuero as he explores real-world assets (RWAs) and their potential to unlock trillions in liquidity and transform finance.

Discover how efficient markets are created by tokenizing assets to bridge buyers and sellers, the explosive growth potential of RWAs, and the future vision of moving Treasurys and gold to the blockchain.

🎧 Listen on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify! 🎧

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Trump will speak at 2 p.m. CT on July 27 for 30 minutes at the conference’s closing.

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Jimmy Song criticizes BTC 2024 speakers — 'Not what makes Bitcoin great'

The author and Bitcoin advocate's panel was sobering, harkening back to the Bitcoin community's, anti-establishment ethos.

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Metaplanet, Semler Scientific were ‘zombie companies’ until Bitcoin, execs say

Shares in Metaplanet and Semler Scientific are up double and triple digits since the firms followed MicroStrategy’s Bitcoin playbook this year.

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