DYOR

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tldr; Zilliqa, a leading blockchain platform, has partnered with Brillion, a Web3 smart wallet technology specialist, to revolutionize asset management in decentralized finance (DeFi) and the Metaverse. This collaboration aims to bridge traditional finance with DeFi by enabling secure management of tokenized physical assets, enhancing the accessibility and usability of blockchain technology across various sectors. The partnership will initially focus on utilizing Brillion’s Wallet-as-a-Service platform for Zilliqa’s projects involving the tokenization of real-world assets, aiming to enhance Zilliqa’s ecosystem, particularly its Metaverse initiatives, by providing secure and efficient management of these assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; At the Bitcoin 2024 conference, independent presidential candidate Robert F. Kennedy Jr. revealed that he stores most of his wealth in Bitcoin, expressing strong support for the cryptocurrency. Kennedy, whose net worth was reported by Forbes to be $15 million last year, stated he had as much as $250,000 in Bitcoin as of August 2023. His endorsement of Bitcoin at the conference in Nashville, Tennessee, underscores the growing significance of cryptocurrency in political discussions this election year. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The article discusses the challenges and economic viability of using Bitcoin as a data availability layer for Rollups, focusing on the scarcity of Bitcoin's blockspace and the high costs associated with posting data. It highlights the competition for block inclusion due to consistently full blocks since January 2023 and the potential strain on Bitcoin's transaction fee market. The report analyzes costs for Rollups using Bitcoin, comparing it with Ethereum ZK-Rollups, and explores alternative strategies for Rollups if posting data to Bitcoin proves too costly. It concludes that Rollups on Bitcoin need to generate substantial revenue from transaction fees to cover the high costs of data posting, and the future landscape of Rollup implementations on Bitcoin will be shaped by the balance between leveraging Bitcoin's security and decentralization versus the associated costs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Following the SEC's approval of nine Ethereum ETFs, Coinbase received 160,930 ETH, worth nearly $565 million, over two days. This influx is linked to Grayscale's activities, which sold $811 million in Ethereum in the first two trading days. Despite 47,811 ETH leaving Coinbase, the net inflow of 113,119 ETH created significant selling pressure, leading to a price drop from around $3500 to $3200. The market cap of Ethereum is currently $390 billion, with trading volume down by 20% to $20 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Michigan's retirement system has invested $6.6 million in Bitcoin through the ARK 21Shares' ARKB spot BTC exchange-traded fund (ETF), as revealed in a 13-F Form filed with the SEC. This investment represents 0.004% of the $143.9 billion in assets under management of Michigan’s pension fund as of December 2023. Michigan joins other pension funds, including Wisconsin's SWIB, in adding Bitcoin exposure to their portfolios. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Robert F. Kennedy Jr. (RFK Jr) has claimed that most of his wealth is now in Bitcoin, marking a significant shift from his previous financial declarations. This revelation came during a recent Bitcoin Conference, where he also advocated for the U.S. government to acquire Bitcoin equivalent to its gold reserves as a hedge against inflation. Kennedy supports exempting Bitcoin from taxes and proposes a balanced regulatory framework for cryptocurrencies. He also suggests placing the federal budget on the blockchain for greater transparency. With Bitcoin's value having surged 154% since last year, RFK Jr.'s investment could potentially have doubled, significantly increasing his wealth. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Q-Day, the day when quantum computers can break modern encryption, is approaching faster than anticipated, with advancements suggesting it could be sooner than 2029. Current *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Despite the significant decline in the value of Bored Ape Yacht Club NFTs and the overall downturn in the NFT market, a group of dedicated collectors, known as the Mutant Cartel, remains optimistic about the future of Yuga Labs and its NFT collections. They have even taken an oath, symbolized by purchasing an "oath NFT," to show their commitment. Plans for a Yuga-themed hotel in Bangkok are being discussed, despite skepticism and the challenges faced by NFT projects in generating revenue and mainstream acceptance. Yuga Labs still enjoys support from venture capital and web3 companies, but the enthusiasm that once surrounded NFTs has significantly waned. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Russia is considering the introduction of gold-backed tokenized assets, managed by the central bank, to facilitate cross-border payments amidst ongoing sanctions. Discussions among lawmakers and banking officials are underway, with plans for broader testing by the end of the year. These tokens aim to provide a stable mechanism for international transactions, with a regulatory framework already in place. The initiative aligns with Russia's exploration of legalizing stablecoins for cross-border transactions to maintain trade, particularly with China. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Alchemy Pay has launched a Web3 Digital Bank, enabling enterprises to open virtual multi-fiat accounts online. This service is designed to streamline operations and enhance efficiency for businesses involved in international trade, employing foreign staff, or working with global clients. Alchemy Pay combines its expertise in crypto payments with traditional finance insights to offer a unique banking solution that supports EUR and USD, along with fiat to cryptocurrency conversion. This initiative aims to provide compliant Web3 companies with a flexible and efficient financial management tool, supporting their growth in the digital economy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Russian-speaking ransomware groups generated nearly 70% of all crypto proceeds from ransomware in 2023, amassing around $500 million, according to TRM Labs. Two groups, Lockbit and ALPHV/Black Cat, were highlighted for their significant earnings, with Lockbit attacking major entities like Boeing and the UK's Royal Mail. The report also noted that a significant portion of the world's sanctioned crypto volume was concentrated on the Russia-based exchange Garantex, which accounted for over 80% of such volumes globally in 2023. This exchange was involved in transactions related to the purchase of military equipment used by Russian forces in Ukraine. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Japanese financial giant SBI has partnered with American company Franklin Templeton to potentially launch a Bitcoin ETF in Japan, pending regulatory approval. This collaboration aims to establish a cryptocurrency management company capable of introducing Bitcoin ETFs to Japan, aligning with similar products already available in countries like Canada, Brazil, and the U.S. Franklin Templeton has previously launched a Bitcoin ETF in the U.S. and an Ethereum ETF on the Chicago Board Options Exchange. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Grayscale's Ethereum ETF (ETHE) experienced significant outflows, losing $1.1 billion within three days of trading, with assets under management dropping from over $9 billion to $7.4 billion. In contrast, other Ethereum ETFs like BlackRock's iShares Ethereum Trust and Grayscale’s Ethereum Mini Trust saw inflows. The combined net outflow for all nine Ethereum ETFs reached $152 million on Wednesday, primarily due to the outflows from Grayscale’s ETHE. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Gate.io, a leading global crypto exchange, has decided to cease operations in Japan due to non-compliance with local regulations. The exchange, which holds licenses in only eight countries, has not specified the reasons for its decision but it is believed to be related to Japan's strict regulatory environment following the Mt.Gox collapse. Effective July 22, Gate.io will stop opening new accounts for Japanese citizens and residents and will remove all Japanese language information from its website. The company plans to assist Japanese customers in migrating assets to compliant exchanges, with details of this process to be announced later. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Former President Donald Trump's reelection campaign raised $3 million in cryptocurrency donations in Q2 2024, marking a significant shift from his previous criticism of Bitcoin. High-profile donors include the Winklevoss twins and Kraken co-founder Jesse Powell. The campaign reported a total of $118 million raised in both crypto and fiat for Q2, with overall fundraising exceeding $142 million for the year. This development comes as Trump aims to strengthen his position for the 2024 election, amidst a changing political landscape with Vice President Kamala Harris receiving significant support following President Biden's decision not to seek reelection. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; HTX, advised by Justin Sun, faces scrutiny over its reserves and Sun's control. Despite Sun's denial of controlling HTX, his involvement deepened after its acquisition by About Capital Management. Concerns arise as HTX's proof-of-reserves reveals a significant portion of its USDT reserves replaced with stUSDT, a Sun-connected project. Additionally, HTX's handling of assets like TRX and WBTC, and the opaque governance of Sun-affiliated protocols, raise questions about the exchange's solvency and the safety of user assets. HTX also faces criticism for misleading statements about past security incidents. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Spot ether exchange-traded funds (ETFs) debuted in the U.S. without the ability for investors to earn staking income, a key feature of Ethereum. This was due to regulatory concerns, but issuers are hopeful that future regulations will allow staking. The ETFs, including new products from BlackRock and others, saw significant activity despite this limitation. The SEC's stance on staking as potentially violating securities laws is a major hurdle, but the industry remains optimistic that regulatory clarity will eventually permit staking within ETFs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; UNFK, founded by Gunnar Lovelace, is a movement using pranks and memes to challenge banks and big corporations, aiming to promote positive change through social pressure. It gained attention with a stunt at the Consensus crypto conference and is now launching a web app to coordinate its 'agents' in various campaigns, including a meme competition targeting the SEC. Lovelace, with a history of activism and successful consumer brands, believes crypto can supercharge social movements and aims to harness its anti-establishment energy for impactful campaigns. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Wenia, a digital asset company under Bancolombia Group, has integrated Chainlink's Proof of Reserve to enhance transparency for its Colombian peso-backed stablecoin (COPW). This integration aims to provide real-time visibility into the stablecoin’s reserves, addressing the growing demand for stablecoins in Colombia, where they account for 31% of crypto acquisitions. The collaboration also aims to protect users from potential infinite mint attacks, marking a significant milestone in Colombia's digital asset landscape. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Elon Musk has warned that the U.S. dollar is heading towards 'destruction' due to the country's $35 trillion debt, which could potentially 'bankrupt' the U.S. This situation, exacerbated by runaway inflation and high interest rates, could fuel a surge in bitcoin prices. Musk's comments come amid concerns over the future of the U.S. dollar and the rising cost of interest payments on U.S. debt, forecasted to hit $870 billion this year. Analysts have also highlighted the rapid increase in U.S. national debt, adding pressure on 'debt debasement' trades like gold and bitcoin. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Celebrity tokens launched on the Solana blockchain have seen a dramatic decrease in value, with an average drop of 94% since their launch a month ago. Out of 30 tokens, the majority have market caps below $1 million, and about half have lost over 99% of their value. Despite the significant losses, some celebrities continue to promote their tokens on social media. However, the overall engagement and long-term viability of these tokens remain uncertain, with concerns about their legitimacy and utility being raised by industry leaders. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Grayscale's Ethereum Trust ETF experienced a significant outflow of $327 million in a single day, highlighting investor skepticism following the launch of Ethereum spot ETFs. Despite the anticipation, the market response was underwhelming, with Ethereum ETFs seeing mixed flows. In contrast, Bitcoin spot ETFs showed resilience with net inflows. The market volatility affected both Ethereum and Bitcoin prices, with Ethereum down 8.5% and Bitcoin down 3.2% over the last 24 hours. Analysts remain positive about Ethereum's future, drawing parallels to Bitcoin's post-ETF trajectory, but caution about volatility and inflated expectations. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The article discusses the shift from a PvP (Player vs Player) mindset to a PPP (Player Pump Player) mindset in the crypto community. PvP communities aim for the last person to be their exit, creating a finite game with a clear endpoint. In contrast, PPP communities focus on building a long-term future together, making it an infinite game where the last person also wins. Despite the prevalence of PvP, the future of crypto is seen as PPP because it fosters communal vision, pragmatism, and idealism. The article argues that PPP will ultimately prevail because it encourages growth and support within the community, contrasting with the competitive and often predatory nature of PvP communities. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; A Bitcoin miner struck gold by mining a complete block worth 6.25BTC, equivalent to $206,000, using a $179 Bitaxe mining rig. This palm-sized device, endorsed by Altair Technology and Bitaxe, achieved this feat with a hashrate of about 500 Gh/s, despite the odds being 1 in 1.1 billion. The event highlights the unpredictable nature of Bitcoin mining, likened to a lottery, where even less powerful devices can win against more powerful ones. However, experts caution that such mining is more a game of chance than a typical investment, with better returns potentially found in traditional investments like the S&P 500 index fund. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Robert F. Kennedy Jr., an Independent presidential candidate, criticized the government for profiting from inflation and advocated for the adoption of Bitcoin (BTC) as a solution. During a roundtable at the 2024 Bitcoin Conference, he described inflation as 'government theft' affecting the middle class and praised Bitcoin's potential to restore democracy and personal freedom. Kennedy proposed issuing treasury bills tied to hard currencies like platinum and gold to fight inflation and expressed his intention to have the federal government invest in Bitcoin to match its gold holdings if elected. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Infinite_Camel_14

Yeah, trading's a rollercoaster. I know the feeling. When luck turns against you, it's brutal. Maybe it's time to switch gears and explore something different. I've been looking into PlayDoge. It's a new coin with a play-to-earn model. Seems interesting. Might be worth checking out if you're looking for a change of pace. DYOR though, obviously.

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tldr; Marathon Digital, a leading cryptocurrency mining company, has purchased $100 million worth of Bitcoin (BTC) as part of its HODL strategy, increasing its BTC reserves to over 20,000. The company plans to retain all Bitcoin mined and may make strategic purchases in the market. This move reflects Marathon Digital's confidence in the long-term value of Bitcoin and aligns with its goal to double its mining capacity by 2024, aiming for a hash rate of 50 EH/s. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; A Bitcoin investment fund is now offering a pathway to EU citizenship, according to a guest post by Cointelegraph on CoinMarketCap. This innovative approach opens new doors for investors in the cryptocurrency space, linking investment opportunities directly with the potential for gaining citizenship within the European Union. The details on how the fund operates or the specific requirements for investors to qualify for EU citizenship were not provided in the excerpt. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; In 2023, Russian-speaking groups were responsible for at least 69% of all crypto proceeds from ransomware attacks, amounting to over $500 million. These groups, including the largest operators Lockbit and ALPHV/Black Cat, also dominated the Russian-language darknet markets, accounting for 95% of all crypto-denominated illicit drug sales on the dark web. Additionally, inflows to the Russia-based crypto exchange Garantex comprised 82% of the crypto volumes from sanctioned entities internationally, highlighting the significant role of Russian-speaking entities in the illicit use of cryptocurrencies for ransomware, drug sales, and sanction evasion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

2d0kX

Good for you. The Bitcoin price is down as of this writing but in 2 or 3 weeks time, it might be back to close to $70K. By then, you can sell some of your coins to make a small profit. DYOR always..

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tldr; Robert F. Kennedy Jr., a US Presidential candidate, proposes that the federal government should invest in Bitcoin, holding an amount equivalent to its gold reserves. Speaking at the Bitcoin Conference in Nashville, Kennedy emphasized the benefits of such a move for transparency, integrity, and personal freedom. He criticized the current method of funding wars through money printing, which he believes leads to inflation and economic instability. Kennedy suggests starting with a small Bitcoin investment and gradually increasing it to provide financial stability and protect the middle class from inflation. This stance contrasts with former President Donald Trump's recent pivot to pro-crypto policies, raising questions about political motivations as both compete for the support of the crypto community. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Alchemy Pay has partnered with Paysafe to integrate Paysafe's Skrill, NETELLER, and local payment methods into its Fiat On-ramp offering, aiming to enhance convenience for global users, especially in Europe. This collaboration will provide Alchemy Pay's partners and users with more fiat payment options for purchasing crypto, improving transaction success rates and user experience. The partnership also plans to expand to Latin America later this year, leveraging Paysafe's expertise to reach more markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Asset management giant VanEck has predicted a bull-case scenario where Bitcoin's price could reach $52.38 million by 2050. This forecast is based on the expectation that Bitcoin will become a key international medium of exchange and one of the world's primary reserve currencies. VanEck's analysis considers global trade, GDP growth, and Bitcoin’s monetary velocity. The firm also highlights the potential decline of traditional currencies like the US Dollar and the Euro, and the role of Bitcoin layer-2 solutions in addressing scalability issues, making Bitcoin more practical for global financial transactions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Republican Senator Cynthia Lummis plans to introduce a bill at the Bitcoin Conference 2024 in Nashville, proposing Bitcoin as a strategic reserve asset for the U.S. This legislation, aiming to advance the U.S. monetary system and the dollar, would require the Federal Reserve to hold Bitcoin alongside gold and foreign currencies. The move is seen as a significant step towards integrating digital currencies into the U.S. financial market and could mark a pivotal moment for Bitcoin's role in the economy. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Victims of the Terra (LUNA) collapse can now file their claims as part of the bankruptcy voting process until August 21, following a Delaware bankruptcy court order. Claims must be submitted to Epiq, the debtor claims and noticing agent. Missing the deadline excludes claimants from voting on Terra’s Chapter 11 bankruptcy plan but doesn't prevent later claim filing. The collapse of LUNA led to significant financial losses, and its founder, Do Kwon, is awaiting extradition for related charges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Just a day after the US spot Ethereum ETF launch, Ethereum's price dropped over 8% to as low as $3,150, leading to significant liquidations, especially of long positions. Analysts speculate this could be a "sell-the-news" event, similar to Bitcoin's price action earlier in the year. On-chain data showed a major Ethereum whale sold a large amount of ETH just before the price drop. Despite the downturn, some analysts remain optimistic about Ethereum's recovery. Meanwhile, spot Ethereum ETFs saw mixed performance, with some experiencing inflows and others, like Grayscale’s Ethereum Trust, seeing significant outflows. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Nigeria, once celebrated for its booming cryptocurrency scene, has become increasingly hostile to global crypto exchanges due to stringent regulations and government crackdowns. This shift follows a period of rapid growth in the crypto sector, driven by the country's young, tech-savvy population seeking financial opportunities beyond traditional banking. However, recent regulatory measures, including enhanced KYC requirements and registration challenges, have led to major players like Binance facing legal battles and others like OKX exiting the Nigerian market. Despite these challenges, the situation is prompting local crypto startups to innovate, focusing on real-world applications of cryptocurrency to address practical issues, suggesting a potential shift towards more sustainable and problem-solving approaches in the crypto industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Economist Peter Schiff criticized Bitcoin investors' hopes for Donald Trump to declare Bitcoin as a Treasury reserve asset, comparing it to Joe Biden's student loan forgiveness as a tactic to win votes. Schiff argued that such actions are examples of vote-buying and highlighted why the U.S. was never intended to be a democracy. He referenced rumors about Trump's potential announcement at the Bitcoin 2024 conference and a cryptic post by Sen. Cynthia Lummis, though the likelihood of this happening is considered low by bettors on Polymarket. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; In its Q2 financial report, Tesla confirmed it has not sold any of its Bitcoin holdings, maintaining a stash of about 9,720 Bitcoins valued at approximately $640 million. Despite a decline in automotive sales leading to a stock price drop, Tesla reported a revenue of $25.5 billion and a net profit of $1.5 billion. The report also mentioned a delay in the launch of the Robotaxi to October 10 and CEO Elon Musk's political support for Donald Trump, highlighting his potential financial backing. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; President Joe Biden announced in an Oval Office address his decision not to run for reelection in 2024, framing it as a move to save democracy. He endorsed Vice President Kamala Harris as the Democratic nominee, praising her experience and capability. Donald Trump criticized Biden's decision and targeted Harris, calling her a "radical liberal." A new CNN poll indicates a tight race between Harris and Trump for the 2024 presidential election, with no clear leader emerging after Biden's announcement. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; On July 23, Russia's parliament will consider legislation to allow crypto payments for international transactions, a significant shift given the current domestic ban on crypto for payments. This move is seen as a response to Western sanctions, with Russia looking for alternative payment methods for international trade. The U.S. is closely monitoring Russia's potential use of crypto to evade sanctions. Internationally-sanctioned countries like Venezuela have also adopted cryptocurrency for international payments. Russia's trade ties with countries like China, India, the UAE, and Turkey are driving the push towards crypto payments. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Andreessen Horowitz founders Ben Horowitz and Marc Andreessen criticized the Biden-Harris Administration's handling of the cryptocurrency industry, citing regulatory challenges that stifle innovation. They highlighted issues with the SEC's unclear guidance on cryptocurrencies, aggressive enforcement actions against crypto companies, and difficulties in securing banking services due to FDIC policies. They contrasted this with former President Donald Trump's supportive stance towards the industry, including his opposition to a central bank digital currency (CBDC) and advocacy for the right to mine Bitcoin and self-custody digital assets. The founders expressed frustration over the current administration's reluctance to engage with them on these issues. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The Russian State Duma has passed a bill legalizing Bitcoin mining and the use of cryptocurrencies for international trade, set to take effect on September 1, pending final approval. The legislation, which received overwhelming support with 404 votes in favor, aims to address challenges faced by Russian banks due to international sanctions by establishing a regulatory framework for crypto mining and allowing the sale of mined crypto for international transactions. However, the use of cryptocurrencies for domestic payments remains prohibited in Russia. The bill also includes measures to regulate mining activities, ensure tax compliance, and prevent illicit operations, while also considering the legalization of stablecoins for international transactions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; U.S. Vice President Kamala Harris has declined an invitation to speak at the Bitcoin Conference, according to Bitcoin Magazine CEO David Bailey. Bailey expressed no surprise at her decision, criticizing her for actions against the crypto industry. Earlier, there was speculation about Harris' potential appearance, with Bailey suggesting it could be beneficial for her to engage with the crypto community. Despite outreach efforts from the crypto community and interest in fostering dialogue, Harris has not made any public statements about cryptocurrency. The news reflects ongoing tensions between political figures and the crypto industry. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Victims of the Terra/LUNA collapse have until August 21 to file claims for crypto losses in the bankruptcy proceedings, as per a Delaware bankruptcy court. This deadline allows them to vote on the debtor’s plan. Claims must be submitted to Epiq, the debtor claims and noticing agent. Missing this deadline means losing the right to vote but not the ability to submit a loss claim later, with future procedures to be announced. The collapse of LUNA wiped out tens of billions of dollars over two years ago. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; An unofficial Kamala Harris parody memecoin on Solana, known as KAMA, has seen a 10,000% increase in value over the past three months, rising from $0.0003216 to $0.0319. This surge has brought its market cap close to flipping that of another Solana parody coin, doland tremp. Despite the significant gains, KAMA's market cap is still below that of MAGA, a Trump-themed token on Ethereum. The rise in KAMA's value coincides with Kamala Harris's presidential campaign, suggesting political events may influence memecoin markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Donald Trump's increasing engagement with the cryptocurrency industry, highlighted by his choice of crypto-supporter JD Vance as a running mate, poses potential challenges for European policymakers. Trump's expected policy proposals in favor of the crypto industry, particularly around stablecoins, could undermine European financial regulation efforts and the ability to conduct monetary policy. Europe's concerns center on the potential for cryptocurrencies, especially stablecoins pegged to the dollar, to disrupt the euro's stability and the broader financial system. The EU has taken steps to regulate the crypto market through the Markets in Crypto Assets (MiCA) regulation, but a pro-crypto Trump administration could encourage a shift towards more lenient regulations in the U.S., potentially increasing the dominance of dollar-backed stablecoins in Europe and challenging the euro's position. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Iamtutut

It’s all over the internet,DYOR.

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tldr; Ethereum ETFs debuted on American stock exchanges with a combined trading volume of $1 billion following SEC approval in May. Grayscale’s Ethereum Trust led with $461 million, followed by BlackRock’s iShares Ether Trust and Fidelity’s Ethereum Fund. Despite the significant trading activity, Ethereum's price remained flat, and specific inflow and outflow details for each fund are not yet available. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its Chairman Gary Gensler, demanding the release of documents related to internal discussions. These documents are crucial for Coinbase's defense in the ongoing litigation with the SEC over allegations of operating without proper registration. The lawsuit, filed in a New York court, seeks information on communications between SEC commissioners, staff, and crypto market stakeholders, including discussions on the legal status of cryptocurrencies and federal securities laws. The case is currently in the discovery phase. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Solana (SOL) has retraced to $170.27, forming a bullish channel that suggests a potential rally. Technical indicators on the 4-hour and 1-hour charts show signs of bullish momentum, with SOL's price currently above the 100-day Simple Moving Average (SMA) and facing resistance at $170. If SOL breaks and closes above the bullish channel's upper boundary, it could rally toward $188 and potentially $205. Conversely, a break below the channel's lower boundary could see SOL decline to $160 or lower. Currently, SOL has decreased by 0.72%, trading at approximately $173. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Flying-HotPot

DYOR - Do your own research. Understand the problem first. Try to learn about and understand money, currency, inflation and its’s influence on market prices from first principles. Buy a small amount to get skin in the game and get comfortable with it by doing transactions, setting up > wipe > restore cold storage with different devices. Don‘t over leverage.

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tldr; Blake Benthall, previously arrested for running Silk Road 2.0, an illegal drug marketplace, has transitioned into a cryptocurrency entrepreneur. At a convention, he sought investment for his new startup, Fathom(x), which aims to help businesses and government agencies track digital currency transactions for legal compliance. Despite his criminal past, Benthall believes his experience can prevent fraud in the cryptocurrency industry. His journey from running a site with $8 million monthly in illicit sales to aiding the government in crypto abuses marks a significant transformation. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Elon Musk updated his X (formerly Twitter) profile picture to one with laser eyes, signaling support for Bitcoin amidst Tesla's Q2 earnings report. The report revealed Tesla's Bitcoin holdings remained steady at $640 million. Musk's profile change, coinciding with the Bitcoin 2024 Conference, stirred speculation about his potential attendance and reinforced his influence in the cryptocurrency space. Despite mixed Q2 earnings, Musk's actions highlight ongoing interest in digital currencies and their growing mainstream recognition. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Senator Cynthia Lummis opposes a proposed 30% excise tax on the energy used by Bitcoin miners, arguing it could harm the American Bitcoin mining industry by pushing it overseas. She criticizes the Biden administration's rationale as based on outdated views of energy use and technology, highlighting that up to 52.6% of Bitcoin mining could be emissions-free. Lummis also points out the potential for Bitcoin mining to support energy grid security and argues the tax could discourage sustainable energy use in mining. The proposal is part of the Biden administration's 2025 budget, aiming to address environmental concerns and energy consumption by imposing a tax that would gradually increase to 30% by 2026. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

icanhazglass

At the risk of sounding sassy, keep reading the Bitcoin thread until you get any post where it says DYOR. Then leave the thread and DYOR. ; ) Seriously though, this is not the place to DYOR. Try to find facts not advice or opinion. I say this despite it being advice.

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tldr; The Russian parliament has passed a bill that allows the use of cryptocurrency for international trade and legalizes crypto mining. This move aims to facilitate international transactions that have been hampered by Western sanctions and regulatory pressures. The legislation is seen as a significant shift in Russia's approach to digital currencies, enabling certain industries to bypass trade regulations. Additionally, the bill legalizes cryptocurrency mining, requiring government and Bank of Russia regulations for mining activities, with a federal body monitoring compliance. The law, which also includes a ban on cryptocurrency advertising, is set to take effect on September 1, 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Proton Wallet is a secure, self-custodial Bitcoin wallet that uses end-to-end encryption to ensure only the user has access to their wallet's encryption keys. It features robust recovery methods, a unique Bitcoin via Email feature to reduce transaction errors, and allows easy Bitcoin acquisition through credit cards or bank transfers. The wallet generates a pool of Bitcoin addresses for enhanced privacy and is headquartered in Switzerland, benefiting from strict privacy laws. Its open-source code and advanced security system, Proton Sentinel, offer transparency and protection against unauthorized access. Proton Wallet aims to empower individuals with financial freedom and privacy, in line with Proton's mission for a free and fair society. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; The US presidential election has significantly increased betting volumes on the crypto betting site Polymarket, prompting an upgrade to handle the influx. The site is integrating MoonPay software to allow bets via bank transfers and credit cards. Betting surged due to the unpredictable nature of the election, marked by an assassination attempt on Donald Trump and Joe Biden's withdrawal. Polymarket, facing regulatory scrutiny in the US, has seen record betting volumes, with $260 million wagered in July alone. The site, which is not available in the US, allows betting on various events, including political outcomes, with Trump currently favored to win against Kamala Harris. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Proton Wallet is a secure, self-custodial Bitcoin wallet that uses end-to-end encryption to ensure only the user has access to their wallet's encryption keys. It features robust recovery methods, a unique Bitcoin via Email feature to reduce transaction errors, and allows easy Bitcoin acquisition through credit cards or bank transfers. The wallet generates a pool of Bitcoin addresses for enhanced privacy and is headquartered in Switzerland, benefiting from strict privacy laws. Its open-source code and advanced security system, Proton Sentinel, offer transparency and protection against unauthorized access. Proton Wallet aims to empower individuals with financial freedom and privacy, in line with Proton's mission for a free and fair society. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Wu-Tang Clan's unique album, Once Upon a Time in Shaolin, was sold to Martin Shkreli for $2 million, with the condition it couldn't be commercially exploited for 88 years. After Shkreli's legal troubles, the album was seized and sold by the Department of Justice for about $4 million to PleasrDAO, a decentralized autonomous organization. PleasrDAO plans to sell "copies" of the album for $1 each, with each purchase shortening the time until the album's full release. Despite legal challenges and the potential for digital duplication, the album's journey highlights debates around music's value, digital ownership, and the impact of exclusivity on art. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ferrari is expanding its cryptocurrency payment system to its European dealers network at the end of this month, following its launch in the United States last year. The Italian luxury sports car manufacturer plans to further extend this payment option to other international dealers in countries where cryptocurrencies are legally accepted by the end of 2024. This move comes in response to the demands of its wealthy customers, with most European dealers already adopting or in the process of adopting the new payment system. Ferrari initially partnered with BitPay in the U.S. to facilitate transactions in bitcoin, ether, and USDC, converting cryptocurrency payments into traditional currency immediately to protect dealers from price volatility. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ferrari is set to expand its cryptocurrency payment options to Europe by the end of July 2024, following its initial acceptance in the U.S. in October 2023. The luxury car manufacturer currently accepts Bitcoin, Ether, and USD Coin, in partnership with BitPay. This move aims to meet the evolving needs of clients and plans are in place to extend these payment options to more markets by the end of 2024. Despite the rarity of crypto payments among major companies, Ferrari is adapting to the changing payment landscape for luxury purchases. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; At EthCC in Brussels, Alchemy Pay showcased its efforts to bridge the gap between fiat and crypto economies. The event highlighted the importance of usability and accessibility in the Ethereum community. Alchemy Pay's presentation focused on their new services like the Crypto Card and Multi-Fiat bank accounts, aiming to merge web3 with traditional payments. The team also engaged with projects and discussed the potential of intellectual property on the blockchain. Alchemy Pay's solutions support global payments in 173 countries, emphasizing their role in making Ethereum more accessible and mainstream-friendly. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Kamala Harris's campaign is in discussions to have her speak at the Bitcoin 2024 conference in Nashville, Tennessee. The talks are being held with the organizers, Bitcoin Magazine, as confirmed by their CEO, David Bailey. This move is seen as an attempt by Harris to align with the rapidly growing voter base interested in cryptocurrency. Former President Donald Trump, a Republican candidate, is also scheduled to speak at the conference, having recently promoted a more crypto-friendly regulatory approach. Harris's potential appearance signals a possible shift in the Democratic party's stance towards pro-crypto policies during the campaign. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SpinelessFork27

Couldn't agree more. No matter where you go OP you're going to get differently biased opinions depending on the sub. DYOR is your best bet, ik the majority of people find that painstaking but it must be done.

coinfeeds-bot

tldr; Bitcoin's difficulty is a measure of how difficult it is to mine a block. The current difficulty number represents the number of hashes required to mine a single block. The difficulty adjusts every 2,016 blocks (~2 weeks) to maintain the rate of coin issuance and block confirmation times. The current difficulty is 52.39 trillion (T). Bitcoin's block time is designed to be around 10 minutes, which allows for efficient propagation of blocks in the network. The difficulty is recalculated at the beginning of every difficulty epoch, which is a two-week period. Despite a bug in the Bitcoin source code, the difficulty adjustment ensures that block times remain around 10 minutes on average. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; In July, Bitcoin has shown positive movement, breaking away from June's bearish trend. Investors are curious if this trend will continue and if Bitcoin will close the month in the green. Historical data, including Bitcoin's four-year cycle and monthly performance comparisons, suggest a pattern. For instance, the first quarter of 2024 mirrored 2023's performance, but the second quarter showed opposite trends compared to the same months in 2023. With Bitcoin already up 7.27% in July compared to a 4.02% decline in July 2023, historical patterns suggest the possibility of a positive close for July 2024. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Bitcoin was featured in an advertisement on the Las Vegas Sphere, a prominent display on the Las Vegas Strip, through a campaign by Crypto.com. This event has sparked discussions within the Dogwifhat (WIF) meme coin community, who had previously raised over $700,000 for a similar advertisement but have yet to see their project materialize on the Sphere. The appearance of Bitcoin on the Sphere has led some in the WIF community to believe their advertisement might still be possible, despite no concrete updates on the campaign's progress. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

BossToneDude

Consider checking this out, starting around 8:20. https://www.youtube.com/live/D1RGp5DM1U8?si=oDPxpqbRu52oZ6Bk NFA DYOR.

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tldr; Toyota Blockchain Lab is exploring how to integrate mobility into public blockchains to realize the Toyota Mobility Concept, aiming to integrate mobility with social systems in 'Mobility 3.0'. They propose using Mobility-Oriented Accounts (MOAs) based on the ERC-4337 standard in Ethereum, which allows for safer and more flexible account management by separating the authentication process from key management. This approach enables the digital representation of mobility, allowing for transparent and efficient management of vehicle information and operations, potentially leading to fully autonomous driving where vehicles function as independent service entities on the blockchain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Vice President Kamala Harris is reportedly in discussions to speak at the Bitcoin 2024 Conference, according to Bitcoin Magazine and Fox News. The talks were initiated after Joe Biden withdrew from the presidential race, and a decision from Harris's campaign is expected soon. This potential appearance comes as Harris has been educating herself on cryptocurrency, indicating a growing political interest in crypto. Mark Cuban mentioned that Harris's camp has reached out to him for insights on crypto, suggesting she might adopt a more open stance towards business, AI, crypto, and government as a service. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Bitcoin's price dropped to near $65,000 as Kraken began distributing assets to Mt. Gox creditors, causing market sentiment to falter. Bitcoin cash saw a 7% decline, while other major cryptocurrencies like Solana, Ripple's XRP, and Cardano also experienced drops between 4%-5%. The distribution of nearly $9 billion worth of BTC and BCH from the defunct exchange Mt. Gox, which collapsed in 2014 due to a hack, has been a significant concern for investors, worried about the potential sell-off on the open market. Ether remained relatively stable, supported by strong trading volumes from U.S.-listed spot ETFs. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Ethereum ETFs have surpassed $1 billion in trading volume on their first day of launch, despite Ethereum's price lagging. This significant trading volume indicates strong investor interest and could potentially influence Ethereum's price movement in the future. Bitwise's Matt Hougan suggests investors might hold both Bitcoin and Ethereum for diversification, rather than substituting one for the other. Despite the launch, Ethereum's price remained relatively stable, with the ETFs attracting attention but not immediately impacting the price significantly. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Former President Donald Trump has publicly denied considering Larry Fink, CEO of BlackRock, or Jamie Dimon, CEO of J.P. Morgan, for the Treasury Secretary position if he wins another term. Despite previously acknowledging Dimon as a potential candidate, Trump now attributes the rumors to the 'Radical Left' and expresses confusion about their origin. This contradicts his earlier statement to Bloomberg about considering Dimon. Trump's administration has a history of favoring wealthy executives for key positions, and other names being speculated for the Treasury role include Robert Lighthizer, Jay Clayton, John Paulson, and Jeff Yass. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Spot Ethereum exchange-traded funds (ETFs) debuted with significant investor interest, amassing $361 million in volume across nine ETFs in the first 90 minutes of trading. Grayscale’s ETHE led with $147.8 million, followed by BlackRock’s ETHA and Bitwise’s ETHW. This performance places these ETFs among the top 1% in overall ETF volume, indicating strong demand for Ethereum-based investment vehicles. The success of these ETFs reflects growing investor interest in digital assets and their integration into mainstream financial products. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Bitcoin miners have returned to profitability following a significant recovery in BTC's market value, as reported by Bitfinex. This improvement is attributed to the rise in the Miner Profit Sustainability metric, which indicates that mining activities are now covering the costs of hardware and operations. This marks the first time in a month that miners have been profitable, following a period of losses since the Bitcoin halving in mid-April. The recovery in miners' profitability is expected to stabilize their financial position and potentially reduce the need to sell BTC holdings to cover operational costs, which could positively influence the crypto market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Mark Cuban believes Kamala Harris would be more open to cryptocurrency and artificial intelligence (AI) if elected President, according to a report from Politico. He suggests that a Harris administration would signal a shift in policy that is more favorable to business, including the crypto sector. Cuban also commented on the potential impact of a Trump re-election on Bitcoin, suggesting it could lead to a price acceleration due to lower tax rates, tariffs, and geopolitical uncertainty. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Toyota is exploring the integration of Ethereum blockchain technology into its vehicles, aiming to develop a 'Movement Oriented Account' (MOA) using the ERC-4337 standard. This initiative, led by Toyota Blockchain Lab, seeks to ensure account maintenance even without the private key and is geared towards enabling fully autonomous driving in the future. Toyota is also encouraging new proposals from the Ethereum community to further this development. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

SwagsGunSafe

Are you looking for the next Shib? It’s here. Spend 5 minutes reading this post. I’m not going to shill without info. This post explains the whole project and how it has been green while the whole market has been red. Quit gambling on SOL/Base pump and dumps. Grab a moonbag on something real. Once you research you will want a bigger bag. Join the TG and you will be blow away. DYOR.

coinfeeds-bot

tldr; Ruja Ignatova, known as the missing Cryptoqueen, founded the fraudulent cryptocurrency scheme OneCoin and has been wanted by the FBI since 2017. Born in Bulgaria and raised in Germany, Ignatova pursued a career in finance before launching OneCoin, which resulted in $4 billion of investors' money being lost. She vanished in October 2017 amid growing investor suspicion. Her brother and co-founder have faced legal consequences, while Ignatova remains on the FBI's 'Most Wanted List', with a $5,000,000 reward for information leading to her location. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

amihostel

You live in Alberta where tax rates are lower, I presume. I live in a province where they are much higher. There are many variables in your income taxes, such as what benefits you're eligible for. Do you own your home and get to write off the interest on your mortgage, etc. No calculator can account for that since they're all designed to just give you a ballbark. My situation is very simple because I rent and don't have any dependents, and that [talent.com](http://talent.com) calculator is more accurate than any other I've tried. Maybe it's not accurate for Alberta, I don't know. The marginal tax rate it explains at the bottom is what any bonuses I get are taxed at. Capital gains are taxed at this rate. The government feels entitled to almost 50% of any extra money you make. You might be slightly spared in Alberta. I wish my tax rate was 25%. Average or marginal. It's not. You should delete your comment. You can't just say bla bla bla marginal tax rate is 25% but DYOR. My tax rate was 25% when I was making minimum wage. When you make more, you pay more. And more and more and more.

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tldr; Epic Games CEO Tim Sweeney mentioned that Fortnite might use blockchain technology in the future, but not for cryptocurrency or NFT trading. He's interested in blockchain as a decentralized solution for distributed transactional evolution, rather than its financial applications. Sweeney has been a vocal supporter of an open metaverse, emphasizing the need for interoperability and open standards across digital experiences. Despite the challenges blockchain faces due to its association with financial speculation and scams, Sweeney believes in its potential for positive technological applications. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The administrator of bankrupt crypto lender BlockFi has submitted a plan to a U.S. court for final distribution to make customers and unsecured creditors whole. This follows the monetization of $874.5 million in claims against FTX, allowing for a significant recovery for those affected by BlockFi's bankruptcy. The plan, which marks the final chapter in BlockFi's wind-down, aims to commence the final customer distribution as soon as practicable. BlockFi filed for Chapter 11 bankruptcy in November 2022 after halting withdrawals due to the collapse of crypto exchange FTX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Bitcoin ETFs have recorded a significant net inflow of $534 million, indicating a strong interest and investment in Bitcoin through exchange-traded funds. This development highlights the growing acceptance and integration of cryptocurrency investments within traditional financial markets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; BlackRock's Ethereum ETF began pre-market trading on July 23, 2024, following SEC approval, marking a significant step for mainstream Ethereum investment. Analysts predict up to $5.4 billion inflows within six months, though Wintermute forecasts a more conservative $3.2 to $4 billion due to the absence of a staking mechanism and a unified investment narrative. Despite these challenges, the ETFs are seen as a major milestone for Ethereum and the broader crypto market, potentially increasing Ethereum's price by 18% to 24%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Alchemy Pay, a leading fiat-crypto payment gateway, has announced a strategic partnership with Volt, a global real-time payments platform. This collaboration integrates Volt’s payment channels, including Revolut and N26, into Alchemy Pay's service, aiming to expand its European market presence and facilitate real-time EURO payouts for cryptocurrency purchases. The integration promises to enhance user experience by offering seamless and secure transactions, boosting cryptocurrency adoption by simplifying the conversion process from EURO to cryptocurrency. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; India's Finance Minister Nirmala Sitharaman announced the nation's budget for 2024-2025, keeping the controversial crypto tax rules unchanged. Despite the crypto industry's push for a reduction in the tax-deducted-at-source (TDS) policy from 1% to 0.01%, and requests for progressive taxes on gains and the ability to offset losses against gains, the government did not alter its stance. This decision comes after Prime Minister Narendra Modi's election for a third term and the formation of a coalition government. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The article discusses how Bitcoin, with its growing user base and recognition, is becoming a significant force in politics, particularly in the context of the 2024 U.S. elections. Former President Donald Trump, once a critic of Bitcoin, has shifted his stance, now embracing it as part of his America-first agenda and branding himself as the "crypto president." The GOP has also adopted a pro-Bitcoin stance. The piece argues that Bitcoin serves as "resistance money," offering protection against financial censorship and authoritarian control, making it a tool for those outside the halls of power. It suggests that Democrats could benefit from adopting a pro-Bitcoin stance to appeal to swing voters concerned about crypto and to counter Trump's efforts to capture the crypto vote. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Mt. Gox, the infamous cryptocurrency exchange, transferred 0.02 BTC to a new wallet, likely as a preparatory move for an upcoming repayment to creditors. This action is part of a series of transactions aimed at repaying creditors, including depositing 1,545 BTC to Bitbank and moving 48,641 BTC to a possible Kraken deposit in July 2024. Mt. Gox reportedly still holds 138,984 BTC across various wallets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Japan's proactive and stringent approach to crypto regulation, initiated after the Mt.Gox collapse in 2014, has fostered a unique Web3 ecosystem dominated by large corporations. Unlike the startup-led culture in other countries, Japan sees major companies like Softbank and Sony making significant moves into Web3 through strategic mergers, acquisitions, and investments. This trend was highlighted at the Japan Blockchain Week Summit. The government's support, exemplified by Prime Minister Kishida Fumio's Web3 national strategy initiative in 2022, has further encouraged this corporate shift into Web3, signaling a robust engagement from major Japanese corporations in the sector. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; Following President Joe Biden's unexpected decision not to seek re-election, Polymarket, a prediction market platform, experienced a record surge in daily volume, reaching over $28 million. This unprecedented activity was driven by bettors taking positions on the now uncertain presidential race. The late announcement, coming just a month before the Democratic National Convention, has led to significant speculation and investment in election-related contracts, with the platform's daily active accounts doubling and over $500 million pooled on major political contracts. Vice President Kamala Harris is currently the favorite for the Democratic presidential nominee. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The launch of Spot Ethereum Exchange-Traded Funds (ETFs) on July 23 is anticipated to impact Ethereum's (ETH) price, though it's uncertain if the effect will be positive or negative. The market had a lukewarm response to futures-based ETH ETFs last year, but there's cautious optimism for the spot ETFs. Several firms, including BlackRock and Fidelity, are launching Ethereum ETFs. The initial inflows to these ETFs could influence ETH's price, which has been sensitive to ETF-related news. The ETF market is competitive, with issuers offering fee waivers to attract investors. Grayscale plans to convert its ETHE trust into a spot ETF, maintaining a higher fee than competitors. The market is closely watching the ETFs' initial performance, with implied volatility for ETH increasing due to various factors, including anticipation of the ETF launch. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; The US government has moved approximately $4 million worth of Bitcoin (58.742 BTC) to an unlabeled wallet, with the original wallet now emptied. It's unclear if this move is for selling the Bitcoin or simply managing funds. The seized Bitcoin originated from Ryan Farace, convicted for selling Xanax on dark web marketplaces. Farace and his father were later convicted for attempting to move 2,874 Bitcoin out of the US. The Department of Justice announced in January it would sell the seized Bitcoin, part of which was moved recently. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Kamala Harris is working to secure the Democratic presidential nomination after Joe Biden dropped out. While she has won several endorsements, her stance on crypto is unclear, as she has not discussed digital assets publicly and hasn't voted on much crypto legislation. Her administration might continue Biden's heavy-handed crypto regulation, but her close ties to Silicon Valley could be advantageous for crypto. California Governor Gavin Newsom, a crypto supporter, endorsed Harris after deciding not to run. Harris's views on privacy and her potential administration's approach to crypto remain speculative. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Darryl_444

Other BTC ETF benefits include: 1) Simpler taxation calculation (if in non-registered account). They send you the info you need to file tax on gains. 2) More reliable transfer to your designated beneficiaries upon your death. This gives you peace of mind that they won't have to mess with learning a bunch of stuff or losing your keys while mourning you. 3) If your Bitcoin (or whatever) TFSA investment does go up to a million bucks, then you've also increased the capacity of your TFSA account by a huge amount. So even if you sell and spend it, you can still use that room to invest in more stable / safer ETFs for steady passive retirement income, tax-free. Of course, remember you would lose capacity if it had gone the other way. Also: Canada's tax on capital gains is not "massive" compared to other developed nations. You only pay your marginal income tax rate on 50% of gains up to $250k, then the same rate on 66% of gains over that limit. So, if your regular income is say $125K/year then your marginal rate is around 25%. If you then sold your ETF for a gain of $1,000,000.00, then you'd pay about 16% in capital gains tax on that sale. But if you had only sold for a gain of $250,000.00 instead, you'd pay about 12%. This is per calendar year, so you might be able to split sales to reduce taxes too. Also, there are large lifetime (1-time) exemptions that you could possibly take advantage of. NOTE: If your income is $60k, your marginal rate will be much lower, like 16%. So then it would be 8% capital gains tax on a $250k gain. There are some variations between provinces too. Not financial advice, DYOR.

Infinite_Camel_14

Meme coins are risky! $100 spread could be fun, but most launches fail. DYOR (research) before you ape (invest blindly). Have you heard about Basedawgz? They're getting a lot of buzz lately and could be the next big meme coin to explode. Might be worth looking into as well!

coinfeeds-bot

tldr; Binance.US has received court approval to invest approximately $40 million of customer fiat funds in US Treasury Bills, under strict conditions to ensure transparency and security. The investments will be managed in increments through a TreasuryDirect trading account, with no involvement from third parties, including Binance entities. The court's decision mandates Binance.US to maintain sufficient USD on its platform to cover potential customer withdrawals and to provide detailed monthly reports on the Treasury investments. This move follows a federal judge's partial dismissal of the SEC's lawsuit against Binance and its founder. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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tldr; A judge has dismissed a lawsuit against Gemini Trust by IRA Financial Trust over a $36 million crypto theft, ending a two-year dispute. The case was dismissed with prejudice, meaning it cannot be re-litigated, though specific settlement details remain undisclosed. The lawsuit began after IRA accused Gemini of misrepresenting security protections, leading to the theft of $36 million in customer funds in February 2022. Gemini has denied wrongdoing, stating it processed legitimate transactions. This settlement is part of Gemini's broader efforts to resolve its legal challenges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Bitcoin experienced a significant surge, gaining around 17% or approximately $9,000 over the past week, reaching a six-week high above $68,000. The momentum was driven by a shift in market sentiment to bullish, retail trading activity, and $3.3 billion in market inflows, primarily from futures, stablecoins, and spot Bitcoin ETFs. Additionally, speculation about China adopting a more favorable stance on crypto, South Korea's proposed postponement of crypto taxation, and lower-than-expected CPI inflation data contributed to the surge. Rumors of the SEC settling a major case and speculation about former President Trump announcing Bitcoin as a strategic reserve asset also fueled market optimism. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.