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🌙 Bitcoin Over $70K Amid Argentina Legal Tender Talks

Bitcoin rises over the $70,000 threshold amid international adoption talks, and $17 million in Ethereum short positions are liquidated as it rises.

Author

Mike Gavela
May 27, 2024

Crypto Roundup - May 27

In recent cryptocurrency news, Bitcoin has surged past $70,000 and Ethereum is approaching $4,000, marking significant milestones for the market. This surge coincides with Argentina's move to adopt Bitcoin as legal tender, further fueling the cryptocurrency's momentum. Meanwhile, Silk Road founder Ross Ulbricht remains hopeful for a second chance after former President Donald Trump hinted at a potential pardon. In another notable development, a crypto wallet linked to Donald Trump has reached a value of $10 million, according to Arkham Intelligence, highlighting the growing intersection of cryptocurrency and political figures.

Top Stories:

  • Bitcoin surpasses $70,000: Bitcoin has surged past $70,000, driven by various market factors and Argentina's adoption of Bitcoin as legal tender.

  • Ross Ulbricht hopeful: Silk Road founder Ross Ulbricht is optimistic about a second chance following a promise of a potential pardon from former President Trump.

  • Trump-linked crypto wallet: A cryptocurrency wallet associated with Donald Trump has hit a value of $10 million, according to Arkham Intelligence.

TOP STORIES

Bitcoin Over $70K Amid Argentina Legal Tender Talks, Ethereum Flirts with $4K - Decrypt

Bitcoin rises over the $70,000 threshold amid international adoption talks, and $17 million in Ethereum short positions are liquidated as it rises.

decrypt.co/232583/bitcoin-70000-ethereum-nearly-4000-argentina-legal-tender

Silk Road founder Ross Ulbricht hopeful for ‘second chance’ after Trump’s pardon promise

Jailed Silk Road founder Ross Ulbricht thanked former U.S. President Donald Trump on X for his vow to commute his life sentence.

www.theblock.co/post/296867/silk-road-founder-ross-ulbricht-hopeful-for-second-chance-after-trumps-pardon-promise

Crypto wallet linked to Donald Trump hits $10 million in value: Arkham

The recent appreciation of the MAGA token price, along with other assets, brought the Trump-linked wallet to a $10 million valuation. 

www.theblock.co/post/296847/crypto-wallet-linked-to-donald-trump-hits-10-million-in-value-arkham

OTHER HEADLINES

Trump Widens Lead Over With Biden (on Polymarket and PredictIt) After Courting Crypto Vote

Plus: how much longshot money was made betting on the SEC approving an Ethereum ETF?

www.coindesk.com/news-analysis/2024/05/27/trump-widens-lead-over-with-biden-on-polymarket-and-predictit-after-courting-crypto-vote

Chainlink Booms Amid Swift Payments Update, Ethereum ETF Rush - Decrypt

It's been a quiet day for crypto markets—but Chainlink's LINK is rising on a raft of good news.

decrypt.co/232612/chainlink-link-up-10-percent-swift-consensus-ethereum-etf

Uniswap Foundation Shares Balance Sheet as Fee Vote Nears

The Uniswap Foundation's balance sheet shows $41.41 million in fiat and stablecoins and 730,000 UNI tokens.

www.coindesk.com/markets/2024/05/27/uniswap-foundation-shares-balance-sheet-as-fee-vote-nears

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