The value of Bitcoin surged by 1.1% during a 90-minute presidential debate between Donald Trump and Joe Biden, with Trump gaining ground on betting markets. Bitcoin was at $61,439 before the debate, rising to $62,152 as the candidates answered questions. Trump's odds of winning increased on prediction markets, while Biden's chances dropped due to his performance. Social media criticized Biden's coherence, with Trump highlighting his faltering statements. Both candidates made misleading claims, including Trump on abortion and economic issues. Despite not being discussed, cryptocurrency has become an election topic. Trump vowed to end Biden's 'war on crypto,' aiming to make the US a crypto leader. Biden vetoed a resolution allowing banks to hold crypto assets, citing consumer protection. The debate highlighted the growing influence of cryptocurrency in politics. Read more AI-generated news on: https://app.chaingpt.org/news

Financial services firm T-Rex Group has applied for a leveraged MicroStrategy (MSTR) exchange-traded fund in the U.S., described as a high-volatility option. If approved, investors could face 20 times the S&P 500's typical volatility. This move follows MicroStrategy's significant Bitcoin holdings, currently valued at $13.2 billion. CEO Michael Saylor views Bitcoin as a hedge against inflation and cash alternative. MicroStrategy's stock has surged 120% this year, driven by Bitcoin's price increase. Other companies, like Metaplanet and Semler Scientific, have also invested in Bitcoin for treasury purposes, resulting in stock price spikes. This trend indicates a growing interest in Bitcoin-focused investment strategies among businesses. The cryptocurrency market continues to evolve, with companies exploring innovative ways to incorporate digital assets into their financial portfolios. Read more AI-generated news on: https://app.chaingpt.org/news

The Central Bank of Bolivia (BCB) has ended its prohibition on Bitcoin and cryptocurrency transactions, enabling financial institutions to engage in digital asset transactions to modernize the payment system. This move aims to help Bolivia's struggling economy and align it with Latin American crypto regulations. The regulatory shift signifies the reversal of a crypto ban that began in 2014, with banking entities barred from dealing with cryptocurrencies since December 2020. The new regulations permit banks to trade in cryptocurrencies through approved electronic channels, although these assets are not considered legal tender. The BCB plans to educate the public on cryptocurrency risks and responsible management under its Economic and Financial Education Plan. The collaboration between the BCB, UIF, ASFI, and the government bodies has updated regulations effective from June 26, aligning Bolivia with GAFILAT's recommendations to utilize crypto for economic growth. Read more AI-generated news on: https://app.chaingpt.org/news

S&P Global Ratings has recently joined the Monetary Authority of Singapore's Project Guardian, focusing on asset tokenization's impact on financial market liquidity. The project aims to set standards, policy guidelines, and create a digital asset ecosystem. S&P Global will partake in fixed-income pilot projects involving tokenized bonds and currencies for transactions. Project Guardian, initiated in May 2022, includes major players like JP Morgan and DBS Bank. Noteworthy advancements include a deposit token, seen as a stablecoin issued by regulated entities. The project also explores wealth management and foreign exchange on public blockchains for network interoperability. JPMorgan's successful cross-border transaction using tokenized currencies on the Polygon blockchain showcases the project's progress in decentralized finance. Overall, Project Guardian signifies a significant step towards integrating blockchain technology into traditional financial systems, with potential benefits for real estate markets. Read more AI-generated news on: https://app.chaingpt.org/news

The number of Bitcoin 'whole-coiners,' referring to addresses holding one or more Bitcoin, has consistently exceeded 1 million for the past 13 months. This milestone was initially achieved on May 13, 2023, when Bitcoin was valued at $27,000. The number of these wallet addresses peaked on Jan. 1 this year, with over 1,024,000 wallets holding Bitcoin. Despite Bitcoin's price doubling since May 2023, there are still 1,010,800 wallet addresses with one Bitcoin or more. This surge in 'wholecoiner' wallets signifies a notable increase in Bitcoin ownership. However, it's crucial to note that one wallet address doesn't always equate to one individual, as many investors have multiple addresses. Furthermore, a significant amount of Bitcoin is held on centralized exchanges, while a substantial portion is estimated to be 'lost forever.' The growth of 'wholecoiner' addresses has experienced fluctuations over the years, with notable declines during specific periods of market volatility. Read more AI-generated news on: https://app.chaingpt.org/news

Kadena, the leading scalable Proof of Work blockchain, has appointed Nitin Gaur, Founder of IBM Blockchain Lab, as an advisor. Gaur, a renowned blockchain expert with a strong patent portfolio, will guide Kadena in implementing decentralized finance strategies. Stuart Popejoy, Kadena's CEO, expressed enthusiasm for Gaur's addition, highlighting his expertise. Gaur, excited about joining Kadena, aims to leverage his experience in blockchain-powered business networks and financial services. Beyond his advisory role, Gaur is the CEO of LedgerLink, focusing on digital asset and technology design. He also co-founded Portal Asset Management, a prominent crypto hedge fund. With a background in IBM and State Street, Gaur is a respected figure in the blockchain industry. Kadena, founded by Popejoy and Martino, offers a scalable PoW blockchain and smart contract language Pact, facilitating blockchain mass adoption. Read more AI-generated news on: https://app.chaingpt.org/news

Join the top US offshore betting sites like BetOnline and BetWhale to place bets on Wimbledon 2024 in Texas. Despite online betting being banned in Texas, these offshore sites offer a way to bet legally. By using these sportsbooks, including BetOnline, BetWhale, Bovada, and BetNow, you can enjoy benefits like faster payouts, generous welcome offers, and support for cryptocurrency deposits. BetOnline, with over 25 years of experience, offers competitive odds and a 50% deposit bonus. BetWhale, a newer site, provides a 125% deposit bonus and supports crypto. Bovada, a trusted sportsbook since 2011, offers a 75% deposit bonus. BetNow, in operation since 2005, provides up to $1000 in free bets. Get ready for Wimbledon 2024 with these top offshore betting sites and enjoy the exciting tennis action while using cryptocurrency for deposits. Read more AI-generated news on: https://app.chaingpt.org/news

The Cardano Foundation has introduced a comprehensive plan for governance reform coinciding with the upcoming Chang hard fork. This strategic decision marks a significant move towards a decentralized governance system in the blockchain sphere, aiming to distribute decision-making authority more fairly among stakeholders. Cardano, recognized for its scientific development approach and focus on security and sustainability, is gearing up for the Chang hard fork, a crucial update that signifies a shift towards decentralized governance, eagerly awaited by the ADA community. The governance model includes DReps, SPOs, and a constitutional committee to ensure inclusivity, diversity, and power balance for network stability. The Foundation's role in the ICC during the transitional phase is vital, overseeing protocol changes and hard forks. Recent ICC elections, where the Foundation voted with a substantial stake, highlighted candidates aligned with the new governance principles. Transparency in the electoral process and commitment to trust-building are key priorities during this governance transition. Read more AI-generated news on: https://app.chaingpt.org/news

Ripple's Chief Legal Officer, Stuart Alderoty, publicly criticized SEC Chairman Gary Gensler for regulatory overreach following a recent court decision. The US Securities and Exchange Commission unlawfully rescinded a rule on proxy advisory firms, a move directed by Gensler without adhering to proper procedures. The court ruling, from the 5th US Circuit Court of Appeals, deemed the SEC's actions as arbitrary and capricious. These rules were established to ensure transparency in proxy voting advice, enhancing corporate governance. Gensler defended the rollback as promoting timeliness and independence in proxy voting advice, but the court's decision questions the SEC's justifications. Ripple and the crypto industry have faced similar regulatory challenges. Alderoty's criticism of Gensler continues, highlighting the legal implications of exceeding statutory authority. XRP's current trading value stands at $0.47244. Read more AI-generated news on: https://app.chaingpt.org/news

Bipartisan support for cryptocurrency within the US government is on the rise, signaling potential shifts in crypto regulation. While Republicans lead in backing the industry, opposition is dwindling. Currently, 310 politicians strongly support crypto, with only 41 against it. In the Senate, 37 Republicans and 6 Democrats favor crypto, while 2 Republicans and 10 Democrats oppose it. The House sees 201 Republican and 62 Democratic representatives in favor, with 3 Republicans and 26 Democrats against. Despite Senate divisions, the House shows more unity in supporting crypto-friendly bills. Recent legislation like the FIT21 Act highlights bipartisan efforts for crypto regulation. As the 2024 election nears, crypto's influence grows, with PACs supporting pro-crypto candidates. While Senate challenges remain, the House presents a more favorable environment for crypto legislation, emphasizing the need for bipartisan cooperation for effective regulation. Read more AI-generated news on: https://app.chaingpt.org/news

Hivemapper, a new player in the mapping industry, is challenging giants like Google Maps with its decentralized physical infrastructure network (DePin). Utilizing blockchain technology, Hivemapper's map database is expanding rapidly, thanks to unique contributor engagement strategies. For example, early adopters like Brad distributed Hivemapper dashcams to Uber and Lyft drivers, earning HONEY tokens. Despite mapping 21% of the world's roads in just 31 months, Hivemapper faces challenges with demand. While it has over 60,000 contributors, the project struggles to match supply with demand. The imbalance could lead to an inflated token supply and devaluation. This highlights the importance of balancing supply and demand in DePin projects. Hivemapper's journey showcases how decentralized technologies can disrupt traditional industries by realigning incentives, offering a blueprint for the future of mapping technology. Read more AI-generated news on: https://app.chaingpt.org/news

The competition between Iggy Azalea's Mother (MOTHER) and Andrew Tate's Daddy (DADDY) meme coins has intensified, with MOTHER surpassing DADDY in market capitalization. MOTHER's value surged by 35% while DADDY plummeted by 20% this week. Currently, MOTHER holds a slight edge with a market cap of $75.7 million compared to DADDY's $69.7 million. Despite initial hype favoring DADDY, recent trends have favored MOTHER, showcasing resilience and recovery. Both celebrities are exploring ways to integrate their coins into business ventures, with Azalea's Unreal Mobile accepting MOTHER and Solana for purchases. Tate plans to transform DADDY into an NFT and offer exclusive benefits to holders through Real World University. This rivalry sets a precedent for celebrities to engage in the crypto market, potentially leading to more competition and innovation. Read more AI-generated news on: https://app.chaingpt.org/news

The cryptocurrency world is witnessing a surge in Artificial Intelligence (AI) tokens, with Matrix AI Network (MAN), LimeWire (LMWR), and PAAL AI (PAAL) leading the pack in the final week of June. Google's collaboration with Gemini to introduce a Gemini AI side panel in Gmail has also grabbed attention. MAN saw a 40% price surge, signaling bullish investor sentiment. LMWR, despite a recent crash, is showing signs of recovery, aiming to breach key resistances. PAAL AI is inching towards reclaiming lost gains, eyeing a critical barrier at $0.51. However, failure to breach resistance levels could lead to consolidation or decline. Investors are advised to conduct thorough research and seek professional advice before making financial decisions in this volatile market. Read more AI-generated news on: https://app.chaingpt.org/news

Arbitrum's price is poised for a significant decline, with investors' behavior and chart patterns indicating a potential downturn. The optimism among ARB holders has waned, leading to a possible new all-time low. Investors have been facing losses since mid-April, impacting their sentiment and prompting a shift from a HODLing strategy to distribution tactics. The mean coin age metric reflects this change, showing a preference for liquidation over holding assets. The formation of a head and shoulders pattern suggests a bearish trend reversal, with a potential target of $0.92. While a drop to $0 is unlikely, hitting a new all-time low around $0.73 is plausible. However, a bounce back is possible if ARB manages to surpass $0.92 and reclaim $1.0. This analysis serves as information only and not financial advice, urging readers to conduct their research and seek professional guidance before making investment decisions. Read more AI-generated news on: https://app.chaingpt.org/news

Artificial intelligence (AI) has the potential to revolutionize tools and technologies, offering new economic prospects and fostering innovation. However, there is a concern that AI could lead to closed-loop systems favoring corporate interests, hindering the development of an open web. Near Foundation's COO, Chris Donovan, and CEO, Illia Polosukhin, express worries about the dominance of corporate-owned AI, which aims to maximize revenue and user engagement. This trend could result in users being trapped within corporate ecosystems, limiting choice and independence. Despite these risks, AI also presents opportunities for individual empowerment and productivity. Near is exploring the concept of 'user-owned AI' to create a decentralized and secure AI ecosystem. By leveraging partnerships and innovative solutions, Near aims to empower end-users and researchers in the crypto space. The vision is to establish a foundation for AI development that prioritizes user control and open-source contributions. Read more AI-generated news on: https://app.chaingpt.org/news

Keisha Lance Bottoms, the former mayor of Atlanta and a member of cryptocurrency exchange Coinbase’s global advisory council, will be a senior adviser for President Joe Biden’s 2024 campaign. Lance Bottoms, who served as Atlanta's mayor from 2018 to 2022, joined Coinbase's council in April 2024 after leaving a White House advisory role in 2023. She will continue with Coinbase during Biden's campaign, which ends in November. While it's uncertain if she will advise on crypto matters, reports suggest Biden may accept crypto donations and discuss digital assets with lawmakers. Lance Bottoms highlighted the importance of crypto for financially underserved communities at a recent event. The crypto community's political influence is evident as seen with former U.S. Representative Sean Patrick Maloney's potential resignation from Coinbase's council. The group's PAC, Stand With Crypto, has over a million advocates and supports candidates aligned with crypto interests. Read more AI-generated news on: https://app.chaingpt.org/news

The European Union's cryptocurrency sector is on the brink of a major transformation with the impending enforcement of the Markets in Crypto-Assets (MiCA) Regulation. The rollout of MiCA will occur gradually, with regulations for stablecoins set to kick in on June 30, followed by rules for crypto asset service providers in December. This legislation, the first of its kind in the EU, aims to establish consistent market standards for crypto assets across the region. While the new regulations may introduce some red tape, they also bring legitimacy to the industry, easing doubts about its credibility. Experts predict that MiCA will lead to market disruptions, potentially causing non-compliant stablecoins to exit the EU market. As the regulatory landscape evolves, crypto firms must stay informed and comply with the stringent requirements to ensure their operations are authorized and secure. Overall, the new regulations signal a positive shift towards enhanced protections and transparency for EU crypto users. Read more AI-generated news on: https://app.chaingpt.org/news

Women's sports bars across the United States were filled with enthusiastic fans as the Minnesota Lynx emerged victorious over the New York Liberty at the Women’s National Basketball Association (WNBA) Commissioner’s Cup Championship on June 25. The lively atmosphere was made possible by Coinbase, the event sponsor. In Portland, Oregon, the Sports Bra bar reached its full capacity of 56 attendees who relished in bar snacks and a complimentary glass of beer or wine, courtesy of Coinbase. Attendees also received a free T-shirt after responding to invitations from the WNBA or Coinbase. Similar celebrations took place in bars in New York City, St. Paul, and Seattle. Coinbase's support for the NBA and WNBA over the past three years has been part of a long-term partnership. The Sports Bra, known as the world's first women-only sports bar, has seen significant success since its opening in February 2022, with plans for nationwide expansion through franchising following an investment from Reddit co-founder Alexis Ohanian’s 776 Foundation. Read more AI-generated news on: https://app.chaingpt.org/news

CleanSpark, a Bitcoin (BTC) miner, recently revealed a merger with GRIID Infrastructure worth $155 million. The acquisition involved all of GRIID's common stock in an all-stock transaction, with CleanSpark also taking on GRIID's debts. Additionally, a hosting agreement was established, granting CleanSpark 20 megawatts of power. Furthermore, CleanSpark provided a $5 million working capital loan and $50.9 million to settle immediate obligations for GRIID. This merger is projected to increase CleanSpark's power capacity by over 400 MW in the coming years. CEO Zach Bradford expressed plans to surpass 100 megawatts in Tennessee by the end of the year, aiming for 200 MW in 2025 and exceeding 400 MW in 2026. The company's stock, CLSK, saw a 2.2% increase to $16.44 on June 27, with a year-to-date gain of over 50%. GRIID, based in Cincinnati, Ohio, operated mining facilities in Tennessee and New York, with plans to expand its capacity in the Tennessee Valley. CleanSpark has been actively expanding its operations, recently acquiring five mining facilities in Georgia to add 60 MW of power. The company also disclosed plans to raise capital through stock sales. Read more AI-generated news on: https://app.chaingpt.org/news

On June 27, Coinbase, a crypto exchange, refuted claims of a data breach involving its customers' data linked to the Au10tix compliance platform. Reports on June 26 suggested that employee credentials from Au10tix were leaked on Telegram. Despite the Au10tix website displaying the Coinbase logo, the exchange stated no knowledge of data exposure and is monitoring the situation. Au10tix, an identity verification platform used by various companies including Coinbase, stores users' personal information. While an employee credential leak raised concerns, no evidence of data exploitation was found. Steps have been taken to prevent future incidents. Although Coinbase did not confirm using Au10tix, it assured no data breach occurred. The incident highlights the importance of data security in the crypto industry amidst regulatory requirements for customer verification. Read more AI-generated news on: https://app.chaingpt.org/news