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🌙 Trump Halts Crypto Crackdown; Markets Turmoil

Though not listing it as a top priority, the Republican National Committee adopted a platform that aims to boost digital assets innovation.

Author

Mike Gavela
July 08, 2024

Crypto Roundup - July 8

The crypto landscape is seeing significant developments. Former President Donald Trump's official Republican platform pledges to halt the current crypto crackdown, aiming to foster a more favorable regulatory environment for digital currencies. Meanwhile, the crypto market is experiencing turmoil as Mt. Gox, the infamous crypto exchange, starts its $9 billion payouts to creditors, causing market instability. Additionally, Pavel Durov, founder of Telegram, revealed that the popular messaging app has reached 239 million users, hinting at the potential launch of a new blockchain game called Hamster Kombat.

Top Stories:

  • Trump's official Republican platform pledges to halt the crypto crackdown.

  • Crypto markets roiled as Mt. Gox's $9 billion payouts start.

  • Telegram reaches 239 million users, hints at new blockchain game Hamster Kombat.

TOP STORIES

Trump's Official Republican Platform Pledges to Halt Crypto 'Crackdown'

Though not listing it as a top priority, the Republican National Committee adopted a platform that aims to boost digital assets innovation.

www.coindesk.com/policy/2024/07/08/trumps-official-republican-platform-pledges-to-halt-crypto-crackdown

Crypto Markets Roiled as Mt. Gox’s $9 Billion Payouts Start - The Defiant

Defunct Bitcoin exchange Mt. Gox has been causing waves in the market as firms and individuals prepare to receive reimbursements nearly ten years after the platform went under.

thedefiant.io/news/markets/crypto-markets-roiled-as-mt-gox-s-usd9-billion-payouts-start

Hamster Kombat hits 239M users in 81 days — Telegram’s Durov

Telegram founder Pavel Durov believes Hamster Kombat's upcoming token mint on the TON blockchain could onboard hundreds of millions of users to Web3.

cointelegraph.com/news/hamster-kombat-239-million-users-telegram-durov

FUNDRAISES

OTHER HEADLINES

VanEck, 21Shares Solana ETF Plan Confirmed in Cboe Filing

Both asset managers, which submitted S-1 filings in June, will list their products on the Cboe Exchange, according to a filing by the exchange.

www.coindesk.com/business/2024/07/08/vaneck-21shares-solana-etf-plan-confirmed-in-cboe-filing

German gov’t transfers another $900M in Bitcoin, adding to BTC’s selling pressure

Bitcoin falls further amid sell pressure from German government exchange transfers and Mt. Gox payouts.

cointelegraph.com/news/german-govt-transfers-another-900-million-bitcoin-btc-selling-pressure

Solana DEX Raydium Flips Uniswap in Weekly Fees - The Defiant

Raydium, the leading decentralized exchange (DEX) on Solana, narrowly flipped Uniswap in weekly fees and processed over 10 times as many transactions as Ethereum’s largest DEX.

thedefiant.io/news/defi/solana-dex-raydium-flips-uniswap-in-weekly-fees

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