tl;dr
• The heat is on President Biden as his opponent's campaign is now accepting Bitcoin, Ethereum, USDC, DOGE, SHIB, XRP, SOL and 0x for donations. Is this why we are starting to see reversals in crypto stances from the Democratic party?• Valkyrie Funds will not apply for a spot Ethereum ETF in the US ...
• The heat is on President Biden as his opponent's campaign is now accepting Bitcoin, Ethereum, USDC, DOGE, SHIB, XRP, SOL and 0x for donations. Is this why we are starting to see reversals in crypto stances from the Democratic party?
• Valkyrie Funds will not apply for a spot Ethereum ETF in the US due to regulatory concerns around staking, despite a spike in Ethereum prices following increased optimism about ETF approval.
• Farcaster, a decentralized social media protocol, secures $150 million in Series A funding, valuing the startup at $1 billion.
• Bitwise CEO reveals significant investments in Bitcoin by a sovereign wealth fund and a large technology company, highlighting growing institutional interest in Bitcoin ETFs.
• CFTC Commissioner Summer Mersinger discusses crypto regulation, industry support, and the importance of regulatory clarity at Consensus 2024.
• Standard Chartered forecasts Ethereum reaching $8,000 by year-end, anticipating SEC approval of Ethereum ETFs, which could attract substantial institutional investment.
• Bloomberg analysts raise the likelihood of SEC approval for spot Ethereum ETFs to 75%, causing a significant surge in Ethereum's value.
• Spot Bitcoin ETF flows surge, led by BlackRock and Fidelity, BlackRock raising almost $300M alone.
• Tech Against Scams coalition forms to combat online fraud and crypto scams, involving major crypto exchanges and tech companies.
• SEC Chair Gary Gensler criticizes the FIT21 bill, stating it would create regulatory gaps and undermine investor protections.
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