📢Macro
⚫️The #NASDAQ has dropped by 4% to 17.3k, and gold prices are down by 2% at 2375.
⚫️Stocks had their worst day in two years, losing $1.1 trillion in value.
⚫️Tesla's stock dropped by 12%, making it one of the biggest losers among tech companies.
⚫️Elon Musk debunked a story claiming he donated $45 million.

💰 Crypto
⚫️Bitcoin's price has dropped by 3% to $64.2k, Ethereum has fallen by 8% to $3175, and Solana is down by 5% at $169.
⚫️The cryptocurrencies that gained the most recently are #TRX and FTN.
⚫️Bitcoin funds gained $44 million, while Ethereum funds lost $133 million.
⚫️There have been $250 million in market liquidations recently.
⚫️Ethereum's open interest on the CME has reached an all-time high.
⚫️Bitcoin whales have purchased $23 billion worth of Bitcoin in July.
⚫️Solana's active addresses have hit an all-time high.
⚫️Bitstamp is distributing Bitcoin from Mt. Gox today.
⚫️Russia is set to legalize crypto mining and payments.
⚫️Vice #President Harris will not attend the Bitcoin event in Nashville.
⚫️VanEck predicts Bitcoin's price could reach $52 million by 2050.
⚫️Hashdex has applied to start a mixed Bitcoin and Ethereum ETF.
⚫️Coinbase is creating a fund that will use tokenized government securities.
⚫️Polymarket is collaborating with #Moonpay to simplify buying cryptocurrencies.
⚫️Ferrari has started accepting cryptocurrencies for payments in Europe.
⚫️Riot Blockchain has purchased another mining company for $93 million.

🌟 Web3 & NFT
⚫️Trending cryptocurrencies in niche markets include SCF, SELFIE, CLOWN, and MUMU.
⚫️The most popular NFT collections right now are Bando Kids and Kanpai Pandas.
⚫️Despite a general downturn, top meme coins are still performing relatively well.
⚫️MUMU's value broke through $100 million after a large purchase by a single investor.
⚫️Celebrity-themed meme coins have lost 94% of their value on average.
⚫️The top user of #Blur has left the Blast project.

Former President #DonaldTrump may ask BlackRock CEO Larry Fink to be his next Treasury Secretary if he is elected.

#BlackRock⁩ #LarryFink #Crypto #President
$BTC $SOL $CVP

Singapore Elects President Who Favors 'One Regulatory System' for Crypto and Traditional Finance.

$BTC

#WebGTR #Singapore #President #crypto #bitcoin

Florida Governor and US Presidential candidate Ron DeSantis has unveiled a 'Declaration of Economic Independence' that outlines some of the biggest financial challenges America currently faces. The declaration focuses on improving Americans' financial well-being and reinforcing the United States as the most dominant economy. DeSantis also pledged to let the cryptocurrency industry thrive and not allow the launch of a central bank digital currency (CBDC).

DeSantis, running for #President from the Republican side, has been one of the most vocal crypto supporters among all the candidates. His declaration touches upon America's current issues and his propositions for solving them, including keeping taxes low, reducing inequality in society, making the cost of living more affordable, and limiting illegal immigration.

DeSantis vowed to #strengthen the US banking sector by requiring 'clear language disclosures of shadow banks to increase transparency and better track systemic risks.' He also promised to #replace Federal Reserve #Chairman Jerome #Powell with someone who will aim at 'maintaining a stable dollar instead of the political pressures of the day.' DeSantis pledged to work against the possible creation of a CBDC by blocking any attempts by the Fed in this field, while supporting the advancement of the cryptocurrency industry and ceasing the 'politically driven debanking and financial doxing.'

Earlier this summer, DeSantis criticized President Joe Biden for waging a 'war on Bitcoin' and promised to end this hostile approach should he become the next political leader of the nation. He previously argued that the only reason why the government is against the crypto sector is because they cannot control it.

$BNB $USDC $ETH

The President of Uzbekistan Legalizes and Imposes Taxes on Cryptocurrency.

$BTC

#WebGTR #President #Uzbelistan #cryptocurrency #bitcoin

Binance's President & General Manager for Eastern Europe and Russia has resigned.

$BNB

#WebGTR #Binance #President #EasternRurope #Russia

Crypto a "BIG DEAL" in #2024 Election.

Imagine you’re at a big party, and everyone is talking about a new kind of money called “crypto.” It’s like digital gold that you can use to buy stuff online. Well, guess what? The people who run our country are also paying attention to #crypto !

Why Is This Important?

Power Shift

The folks in charge (like #President Joe Biden) want to understand crypto better. They know it’s becoming a big deal, and they don’t want to be left out of the conversation.

Election Time

In 2024, there’s going to be a big #election . People will vote to decide who leads the country. And guess what? Crypto might be one of the topics they talk about during the election campaign. Imagine politicians saying, “Hey, I love crypto!” or “Crypto is risky!” It could sway voters’ opinions.

#Regulation

The government might make rules about crypto. They could say, “You can’t use crypto for bad stuff” or “We’ll protect you from scams.” These rules could affect how we use crypto and how safe it is.

....see you on the next one...

Former President Trump's Crypto Holdings of $250,000 to $500,000 Revealed in Recent Financial Disclosure.

$BTC

#WebGTR #Trump #Crypto #President #bitcoin

Trump Predicts Florida as Future Hub for Cryptocurrency Industry 😱

Former #President Donald Trump stated that much of the cryptocurrency industry's future will be developed in Florida, citing the state's favorable business environment with lower taxes and fewer regulations.

This positions #Florida as a potential hub for crypto innovation amidst growing interest in the sector. The article also discusses how state policies impact the overall growth of the cryptocurrency industry in the U.S.

#Binance
#crypto2024