Poodlana is where haute couture meets crypto, a glamorous reinvention of the humble dog token that combines meme power with high fashion sensibilities. And, with a Poodle—not a Shiba Inu—poised at its helm, it brings in a brand new breed to lead the march down Web3’s meme coin runway.

The Poodlana party kicked off in Asia, with the meme-obsessed region dominating early interest. However, the results of this Asian-led surge, including a jaw-dropping $1 million day-one raise, have pushed the POODL token into the global spotlight as it continues to gain momentum.

Virality is in vogue

Although Poodlana’s success is now global, the smart Western investors are following the lead of buyers in the Asia-Pacific region, namely in countries such as Korea, Japan, and China. Plenty of investors have been focused on the Western meme coin game rather than the meme coin goldmine that is Asia. They have missed a trick—have you?

Other Asian-origin coins like Chuna Pu, Biaoqiang, and PeiPei have forged a similar path. They initially gained traction in this region, where 80% of meme trades occur, before reaching larger audiences upon discovery by Western bulls. The result: market caps can fly from just a few thousand to millions in hours.

But why has Poodlana found such early success in Asia? The Asian market has a strong affinity with three key aspects of Poodlana’s product, and this likely explains the virality of the project. As previously mentioned, Asia dominates meme coin trading, but it’s also a world center for fashion and poodle ownership.

Poodlana is red-hot in Asia

Countries like Korea, Japan, and China make up over one third of luxury goods sales globally, with brands such as Louis Vuitton, Givenchy, and Tiffany & Co. being staples. Asia is highly fashion-conscious, so it makes sense that these markets have been all over such a glamorous token.

Asia also leads the world in poodle ownership, where these elegant dogs are seen as companions and fashion accessories. As an extension of the wearer’s outfit, poodles signify class, wealth, status, and a strong appreciation for aesthetics—there is even an “Asian style” of poodle grooming. 

This love for poodles is clearly making itself known in the crypto market, too, with the rapid ascent of POODL demand. Asian investors are taking notice, showing up in hordes to the Poodlana presale in the knowledge that this surge in the East will lead to significant interest in the West.

Join the viral Asian surge

The clock is ticking for those eager to join the Poodlana frenzy sweeping through Asia. With the presale set to conclude on August 16 at 11 a.m. UTC, followed by POODL's debut on a DEX at 12 p.m. UTC, the window of opportunity is narrowing. Aspiring bulls have 14 days remaining to stake their claim, but hesitation could prove costly: the POODL token price rises every 72 hours, a strategic move designed to reward early adopters and foster community loyalty.

Currently valued at just $0.0375, the potential trajectory of this viral phenomenon is clear to those with foresight, so don’t be left holding a bag of last year’s dog token when Poodlana hits the runway.

Head to the official Poodlana website to learn more and purchase POODL tokens.

Warning: Investing in cryptocurrencies involves significant risk and can result in substantial losses. Always conduct your own research and consult a financial advisor before investing.

Kamala Harris is working to improve her relationship with the cryptocurrency industry as she prepares for her presidential campaign. Her efforts include securing endorsements from key figures like J.P. Theriot and adding a crypto expert to her team. These strategies aim to strengthen her campaign's appeal to the crypto sector and boost her election prospects.

Harris’ campaign is focused on rebuilding ties with the crypto industry. Despite most industry support leaning towards former President Donald Trump, who recently criticized current SEC Chair Gary Gensler's approach to crypto, Harris is gaining interest among crypto enthusiasts.

Recently, J.P. Theriot, co-founder of Uphold, endorsed Harris on X (formerly Twitter), marking the first crypto executive to support a Democratic candidate. Theriot criticized Trump’s promises as vague and praised Harris for her potential understanding of new technologies.

Theriot stressed that Harris’ campaign should show a genuine commitment to mending relations with the crypto industry. He believes that a practical approach could win substantial backing. However, he clarified that his support is personal and does not represent Uphold’s official stance.

“In a 50/50 game, having a seat at the table when policies are formed by the next president is the only priority,” Theriot stated. “We need to dispel misunderstandings and reverse outdated policies to unlock digital asset innovation.”

California Congressman Ro Khanna is organizing a meeting to help Harris improve her relationship with the crypto sector. According to Fox Business’ Eleanor Terret, this meeting will include important crypto industry figures and members of the Harris campaign.

Harris’ campaign has also made key hires to strengthen its crypto connections. Reports suggest that Harris has brought on David Plouffe, a former advisor at Alchemy Pay and a member of the Binance Global Advisory Board, as a Senior Adviser. Plouffe, who worked on Obama’s team, advocates for clear crypto regulations.

Harris’ campaign raised $310 million in July, more than doubling her Republican rival’s fundraising, with $377 million in cash reserves. These successes indicate growing support that could strengthen her White House bid.

The strategic moves by Harris' campaign appear effective, with data from Polymarket showing her election chances now tied with Joe Biden’s peak odds at 45%. Harris’ active engagement with the cryptocurrency industry through endorsements, strategic hires, and fundraising reflects her strategy to appeal to a sector with significant influence.

By aligning with key figures and addressing regulatory issues, Harris aims to present herself as a candidate who understands and supports crypto innovation. As the 2024 election nears, Harris’ campaign will likely continue to focus on strengthening these relationships and demonstrating her commitment to creating a favorable environment for digital assets.

In summary, Harris’ efforts to engage with the cryptocurrency sector are a major part of her presidential strategy. By addressing the interests of the crypto community, she seeks to build alliances and gain support from a growing and influential sector. Her success in navigating these relationships could be crucial to her political future.

As the 2024 US presidential election approaches, a new trend in political betting is growing rapidly in the cryptocurrency world. Platforms like Polymarket, Kalshi, and PredictIt are experiencing a significant increase in bets on election outcomes, even as US regulators intensify efforts to control these activities.

Polymarket is at the forefront of this trend. This decentralized finance (DeFi) platform allows users to wager on various topics, from election winners to the possibility of alien contact.

A recent Bloomberg report highlights that wagers related to US election outcomes on Polymarket have increased by over 500% in recent months, nearing $1 billion. This rise is partly due to major events like President Joe Biden's withdrawal from the race and an attempted assassination of former President Donald Trump.

Polymarket claims it has blocked US users since 2022 due to a settlement with the Commodity Futures Trading Commission (CFTC). However, many US-based users reportedly bypass these restrictions using virtual private networks (VPNs). Social media also contains numerous guides on accessing Polymarket from the US, and traders openly discuss their activities despite the restrictions.

This surge in crypto betting has raised concerns among US regulators. The CFTC's Enforcement Director, Ian McGinley, emphasized the need for all derivatives markets to comply with the law, regardless of the technology used. Still, legal experts argue that the CFTC's guidance on blocking US users from DeFi platforms is insufficient.

Elizabeth Davis, a partner at Davis Wright Tremaine and former CFTC chief trial attorney, noted that DeFi protocols lack clear guidance on regulatory compliance. Former President Donald Trump has even shared Polymarket's odds of his return to the White House, with data suggesting a 55% chance of his victory.

CFTC Chairman Rostin Behnam warned that these election-related contracts could undermine the integrity of the democratic electoral process.

The rise of crypto betting platforms like Polymarket reflects broader trends of decentralization and innovation in finance. These platforms operate outside traditional regulatory frameworks, posing challenges for authorities trying to enforce existing laws. The lack of clear regulations for DeFi platforms complicates their compliance efforts.

Currently, the total cryptocurrency market cap stands at $2.17 trillion. The crypto market's volatility underscores the dynamic nature of this emerging industry and its potential impact on various sectors, including political betting.

In summary, the increase in crypto-based political betting ahead of the 2024 US election highlights the challenges and opportunities posed by DeFi platforms. As regulators navigate this new landscape, the future of crypto betting and its role in politics remains uncertain. The intersection of technology and politics will continue to be a topic of interest and debate.

Bybit, a prominent cryptocurrency exchange, announced it will stop serving French users as of August 2. This surprising decision underscores the increasing regulatory scrutiny in France's cryptocurrency sector. The move follows substantial pressure from France's financial regulator, the Autorité des Marchés Financiers (AMF), marking a crucial moment for Bybit and its French clientele as stricter rules impact crypto exchanges in the country.

French users will face significant restrictions, as Bybit has labeled all accounts as “close-only,” meaning users cannot open new positions or make purchases. Bybit explained these changes in a blog post, indicating the end of services such as One-click buy, peer-to-peer transactions, spot trading, and derivatives trading. Deposits will be banned, and only withdrawals will be permitted.

On August 13, Bybit will automatically close any active accounts involved in spot trading, trading bots, or derivative products. All card services connected to the exchange will be terminated as well. Bybit advises French users to contact support with any problems or questions regarding these major changes.

Bybit is not alone in facing regulatory challenges in France, as Binance, another leading cryptocurrency exchange, also encountered issues. In December 2023, Binance’s founder, Changpeng Zhao (known as CZ), stepped down from Binance France under pressure from the AMF, highlighting the strict regulatory environment in France's crypto market.

Despite these challenges, Bybit remains a significant player globally, ranking as the second-largest exchange by trading volume as of August 1, behind Binance. However, increased regulatory scrutiny has forced Bybit to reevaluate its operations in France.

Bybit's withdrawal from France coincides with the European Union’s Markets in Crypto Assets (MiCA) regulations taking effect, which aim to standardize rules for Virtual Asset Service Providers (VASPs) across Europe. These regulations promote innovation while ensuring investor safety but present challenges for platforms like Bybit, which have struggled with French regulatory requirements.

Bybit previously faced difficulties obtaining Digital Asset Service Provider (DASP) permits, necessary for legal operation in France, and the French government also banned the exchange in 2022, complicating its ability to function. Bybit’s exit significantly impacts its French users, disrupting their trading activities by preventing new positions and closing active accounts. French cryptocurrency traders will need to find alternative platforms to continue their activities.

Bybit’s decision to exit France highlights the evolving regulatory environment in the cryptocurrency industry, as exchanges must adapt or face operational challenges.

Despite leaving France, Bybit remains a strong presence in the global cryptocurrency market and is exploring expansion in regions with more favorable regulations. Bybit's commitment to innovation and user experience ensures its continued relevance in the competitive crypto landscape.

Bybit’s compliance with the EU’s MiCA regulations demonstrates its strategic approach to navigating complex regulatory environments. The company aims to leverage its global expertise to develop systems that adhere to regulatory standards while providing a secure and seamless trading experience.

In conclusion, Bybit’s exit from France illustrates the challenges posed by stringent regulatory measures in the cryptocurrency industry. As the sector continues to evolve, exchanges like Bybit must adapt to changing regulations to sustain operations and maintain a competitive edge. French users must adjust to new market realities and explore alternative platforms for their trading needs.

OpenEden has launched its tokenized US Treasury bills, called TBILL, on the XRP Ledger (XRPL) in a partnership with Ripple. Ripple has invested $10 million into OpenEden’s TBILL tokens, which will boost the use and accessibility of tokenized treasury bills on the blockchain.

The collaboration aims to combine traditional finance with decentralized finance (DeFi) by making US Treasury bills available on a digital platform. Markus Infanger, Senior Vice President of RippleX, highlighted the potential of tokenizing real-world assets (RWAs), noting that many institutions are exploring ways to digitize their assets. Jeremy Ng, co-founder of OpenEden, expressed enthusiasm about the integration, stating it is a significant milestone for both companies.

“Purchasers will be able to mint our TBILL tokens via stablecoins, including Ripple USD, when it launches later this year,” Ng added. In addition to OpenEden’s efforts, Ripple has partnered with Archax, the UK’s first Financial Conduct Authority-regulated digital asset exchange. Archax aims to tokenize hundreds of millions of dollars worth of RWAs on the XRPL in the coming year.

OpenEden’s TBILL tokens have received an “A” rating from Moody’s, indicating their investment-grade quality. Data from RWA.xyz shows that TBILL ranks sixth among tokenized US Treasury products, with a market cap of $90.64 million as of August 1.

US Treasury bills, or T-bills, are short-term government debt securities backed by the US Department of the Treasury, known for their security and liquidity. Tokenization allows investors to access these traditional assets through a decentralized platform, enhancing the ease and efficiency of trading. The tokenized US Treasury market has grown significantly in 2024. According to RWA.xyz, the market’s total value increased from $726.23 million to $1.88 billion this year. Notable contributors include BlackRock’s BUIDL and Franklin Templeton’s FOBXX, with market capitalizations of $522.81 million and $414.3 million, respectively.

Analysts predict the tokenized treasury market could reach $3 billion by the end of 2024, driven by demand from decentralized autonomous organizations (DAOs) and DeFi projects seeking stable, low-risk yields within the blockchain ecosystem. This trend highlights the increasing integration of traditional financial assets into the blockchain space, offering new opportunities for investors and institutions alike. Looking further ahead, consulting firm McKinsey & Company projects that the market for tokenized financial assets could soar to $2 trillion by 2030. This growth is expected to be fueled by technological advancements and the ongoing shift toward digital financial solutions.

The partnership between OpenEden and Ripple shows the strategic importance of connecting traditional finance with blockchain technology. By offering tokenized T-bills on the XRPL, both companies are paving the way for greater adoption of digital assets in mainstream finance.

Tokenization provides a pathway for traditional financial instruments to enter the digital realm, offering enhanced accessibility, liquidity, and transparency. As the market evolves, initiatives like this are likely to play a crucial role in shaping the future of finance. The integration of OpenEden’s TBILL tokens on the XRP Ledger, backed by Ripple’s substantial investment, marks a significant milestone in the evolution of tokenized assets.

As the market continues to grow, the collaboration between traditional and digital finance will likely accelerate, offering new opportunities for innovation and investment. With projections indicating substantial growth in the tokenized asset market, both in the short and long term, the financial landscape is set to undergo significant changes. The partnership between OpenEden and Ripple highlights the potential for blockchain technology to revolutionize how financial assets are managed and traded, paving the way for a more inclusive and efficient financial system.

The former Japanese Bitcoin exchange Mt. Gox is nearing the end of its repayment plan, having recently executed a major Bitcoin transfer worth over $2 billion. This transaction is a significant step toward completing its long-standing obligation to repay creditors impacted by its 2014 collapse.

Mt. Gox recently transferred 33,960 BTC worth $2.25 billion, according to Arkham Intelligence, a blockchain analytics platform. This transfer was reportedly made to addresses linked to BitGo, a digital asset trust company and security firm. BitGo is the fifth and final custodian assisting Mt. Gox in returning funds to creditors. After this transfer, Mt. Gox retains 32,899 BTC, valued at $2.11 billion. These actions are part of Mt. Gox's efforts to distribute recovered Bitcoin to those affected by the 2014 hack, which saw the theft of hundreds of thousands of BTC, valued at about $450 million at the time.

Since the hack, Mt. Gox has retrieved around 141,686 BTC, but recent large transfers have reduced its holdings by 76.5% from the original recovered amount.

In addition to Arkham’s report, Lookonchain, another blockchain analysis platform, disclosed that on July 31, Mt. Gox made a massive transfer of 47,229 BTC, valued at $3.13 billion, to three unknown wallet addresses. Lookonchain also revealed that since July 5, Mt. Gox moved 61,559 BTC (worth about $3.89 billion) to various exchanges, including Bitstamp, Kraken, Bitbank, and SBI VC Trade. With less than half of its initial Bitcoin repayment funds left, Mt. Gox's reimbursement efforts are nearing completion.

On July 24, Nobuaki Kobayashi, Mt. Gox’s rehabilitation trustee, confirmed that the exchange had successfully made repayments in Bitcoin and Bitcoin Cash to over 17,000 creditors. The payments were facilitated through designated cryptocurrency exchanges following earlier distributions on July 5 and 16. Kobayashi assured us that additional payments would be made promptly once the conditions for redistribution were met, urging remaining creditors to be patient as the process continued.

The journey to reimburse Mt. Gox creditors has been lengthy and complicated, involving multiple stakeholders and legal proceedings. The exchange's collapse in 2014 was one of the largest in cryptocurrency history, highlighting security and management weaknesses in digital assets. Since then, the repayment process has involved international authorities, financial institutions, and the crypto community working together to address these issues.

These recent Bitcoin transfers signify a critical phase in Mt. Gox’s repayment plan, marking a significant reduction in the remaining debt to creditors. While it has taken years to execute, the commitment to fulfilling these obligations reflects a broader effort to restore confidence in the cryptocurrency industry.

The completion of Mt. Gox’s repayment plan will have lasting implications for the crypto market, setting a precedent for handling similar situations in the future. As the industry matures, the lessons learned from the Mt. Gox collapse emphasize the importance of strong security measures, regulatory oversight, and transparent operations to protect investors and users.

With the repayment process nearing its end, the crypto community can begin to close this chapter and focus on building a more resilient financial ecosystem. Mt. Gox serves as a reminder of the challenges and risks inherent in the digital asset space, as well as the potential for recovery and growth when stakeholders collaborate to address complex issues.

In summary, Mt. Gox's efforts to repay creditors represent a crucial step in resolving one of the most infamous events in cryptocurrency history. As the exchange approaches the completion of its obligations, the focus will shift to ensuring that the industry continues to evolve with greater stability and trust.

Futu Securities International, Hong Kong’s leading online broker, has recently added Bitcoin and Ethereum trading to its platform for retail investors. This move represents another significant step for Hong Kong as it gains attention in the cryptocurrency world. As of August 1, residents can trade the two top cryptocurrencies, Bitcoin and Ethereum, directly through Futu's platform, with transactions available in both Hong Kong and US dollars.

Futu’s launch of retail cryptocurrency trading follows the recent upgrade of its securities license from the Securities and Futures Commission (SFC) in Hong Kong. This upgrade allows Futu to offer virtual asset services to both professional and retail investors. Hong Kong is actively positioning itself as a favorable environment for cryptocurrency businesses as its regulatory framework evolves to integrate digital assets into the mainstream financial system.

To attract new traders, Futu has introduced several incentives amid a strong crypto market. New investors who open accounts and maintain a balance of HK$10,000 for two months can earn rewards such as Bitcoin credits or shares of Alibaba Group Holding. For larger deposits, the rewards increase to shares in Nvidia, making these offers attractive to investors. Futu also offers a commission-free period for cryptocurrency transactions, reducing barriers for new investors interested in the crypto market.

To ensure compliance with Hong Kong’s regulations, Futu partners with HashKey Exchange, a fully licensed cryptocurrency exchange. This partnership ensures that all transactions comply with SFC requirements, providing users with a secure and regulated platform for digital asset trading.

Hong Kong is moving closer to becoming a cryptocurrency hub. Many financial sector companies are embracing cryptocurrencies, contributing to the region’s progress. Recently, ZA Bank, the largest virtual bank in Hong Kong, announced it would offer exclusive reserve bank services to crypto stablecoin issuers. This announcement came as the region introduced a stablecoin licensing regime, requiring operators to deposit reserve assets with local banks.

The timing of ZA Bank’s announcement highlights Hong Kong’s commitment to integrating digital assets into its financial system. By offering tailored services to stablecoin issuers, ZA Bank supports Hong Kong’s efforts to become a leading crypto hub.

Hong Kong’s regulatory landscape is adapting to meet the growing demand for digital assets. The government’s proactive approach to regulating the crypto industry aims to encourage innovation while protecting investors. As more financial institutions embrace cryptocurrencies, Hong Kong is establishing itself as a significant player in the global crypto market.

The collaboration between traditional financial institutions and crypto exchanges shows the region’s commitment to creating a secure environment for digital asset trading. By partnering with licensed exchanges like HashKey, companies like Futu demonstrate their dedication to compliance and customer security.

In summary, Futu Securities International’s addition of Bitcoin and Ethereum trading is a significant development for Hong Kong’s crypto industry. The region’s focus on regulatory clarity and innovation is paving the way for wider adoption of digital assets. As more companies follow Futu’s lead, Hong Kong is poised to become a global hub for cryptocurrency trading and investment.

With supportive regulations and an increasing number of financial institutions embracing crypto, Hong Kong is on track to becoming a leading destination for digital asset innovation. The partnership between traditional finance and the crypto industry will continue to drive growth and opportunities in the region, making Hong Kong a key player in the evolving global financial landscape.

Coinbase, a leading cryptocurrency exchange, recently announced its second-quarter earnings, revealing a total revenue of $1.4 billion. This exceeded the expectations of Oppenheimer analysts Owen Lau and Guru Sidaarth, who predicted $1.36 billion in revenue. However, this figure is down from the $1.6 billion reported in the first quarter of the year.

Transaction revenue reached $781 million, which is a 27% decline from the previous quarter, reflecting shifts in the crypto market dynamics. In contrast, Coinbase reported $600 million in revenue from subscriptions and services, indicating strong growth in these areas. A notable highlight was the 300% increase in transactions on Base, Coinbase’s Layer 2 blockchain, compared to the previous quarter. This surge highlights the increasing use of Coinbase’s infrastructure beyond traditional trading.

In a letter to shareholders, Coinbase emphasized its progress in achieving regulatory clarity, describing it as crucial for the company and the broader crypto economy. The letter noted, “Advancing crypto legislation is now a mainstream issue." The Stand With Crypto initiative has gained over 1.3 million supporters, drawing attention from politicians in key states and highlighting growing political interest in crypto regulation.

Looking forward, Coinbase expects third-quarter subscription and services revenue to range between $530 million and $600 million. The company also predicts that transaction expenses will be in the mid-teens as a percentage of net revenue for the third quarter. Additionally, technology, development, and general administrative expenses are expected to rise to $700-$750 million, driven largely by stock-based compensation costs.

Before the earnings report, Oppenheimer analysts observed that the market had anticipated the Bitcoin halving effects, which were balanced by outflows from spot Bitcoin ETFs. They noted, "The halving effect was priced in before the event and countered by ETF outflows."

Despite ongoing regulatory challenges, Oppenheimer maintains an 'outperform' rating for Coinbase, with a price target of $280. The analysts believe that Coinbase's long-term potential is underestimated, considering potential regulatory clarity, adoption, and possible inclusion in the S&P 500. They argue that selling by entities like Mt. Gox and German authorities is a small part of daily trading volume, making it a favorable time for investors interested in Coinbase (COIN).

At the time of reporting, Coinbase's stock has increased by 133% over the past year, demonstrating investor confidence in its business model and future growth prospects. The company’s efforts to expand its services and infrastructure, along with its focus on regulatory advancements, position it well for continued success.

Coinbase’s second-quarter results underscore its ability to adapt in the changing cryptocurrency market. While transaction revenue fell, the strong growth in subscription and services revenue and the significant increase in transactions on Base reflect the company’s successful diversification efforts. The focus on regulatory clarity and legislative advocacy strengthens Coinbase’s position as a leader in the crypto industry.

With positive projections for the third quarter and a favorable long-term outlook, Coinbase continues to attract interest from investors and analysts. As the company navigates the complexities of the crypto market, its strategic focus on growth and compliance will be crucial in maintaining its upward trajectory and meeting stakeholder expectations.

As Ethereum celebrates its ninth anniversary, developers are tackling significant challenges in testing and implementing Pectra, the next major upgrade for the network. During the recent All Core Devs call, developers discussed testing issues that are slowing progress in recent iterations of developer networks (devnets).

The launch of Devnet-1 faced problems due to issues with EIP-7702, leading to multiple forks that made bug detection difficult. To address this, developers quickly deployed Devnet-2, excluding EIP-7702 and concentrating on other Ethereum Improvement Proposals (EIPs). EIP-7702, titled “Set EOA account code for one transaction,” allows an Ethereum address, whether an Externally Owned Account (EOA) or a wallet, to temporarily gain the abilities of a smart contract for one transaction. However, questions remain about whether these abilities should be limited to EOF addresses, as noted by Nethermind developer Ahmad Bitar during the call.

Bitar explained, “We want to potentially restrict delegation to EOF accounts, but we need more devnet testing on Pectra to determine if this is the right approach for 7702.”

EOF, a new format for Ethereum contracts, has been the most controversial part of the Pectra upgrade over the past year due to concerns about unexpected side effects and potential scope increases in an update as complex as the 2022 Merge to proof-of-stake. This aspect of Pectra is still undergoing testing and has not yet been integrated into devnets, according to Danno Ferrin, an independent Ethereum contributor. Mario Vega from the Ethereum Foundation testing team is developing new ways to test the code for potential issues.

“I’m worried about interactions between EOF and the other EIPs because we’re still writing tests,” Vega said, adding that they are not yet ready.

While testing is prioritized, the group has promised to revisit EOF’s integration in two weeks. Since EOF is a bottleneck to finalizing EIP-7702, Devnet-3 will reintroduce this EIP alongside other recent changes.

Limited developer resources for testing are also delaying decisions on EIP-7212, which introduces a precompiled contract for signature verification using the secp256r1 elliptic curve. Although it is a Candidate For Inclusion (CFI), it has not been definitively included in Pectra.

There are differing opinions on whether this should be implemented on the Ethereum mainnet or deferred to layer-2 solutions. Many teams want to see more progress on Pectra before reaching a consensus on EIP-7212 and other non-essential changes.

“I’d like to see how Pectra progresses over the next couple of months,” said core developer Lightclient. “7212 is easy to do, but we’re focused on Pectra now, and it doesn’t seem like the time to add more,” preferring to decide on this in the Fall. As Ethereum enters its tenth year, the August holiday period is expected to slow development, although the schedule of All Core Devs calls and smaller breakout team meetings will remain unchanged.

The Pectra upgrade involves significant changes and improvements to the Ethereum network, with EOF being particularly challenging. EOF aims to improve the Ethereum contract format, offering new functionalities and optimizations. However, its introduction has raised concerns about potential interactions with other EIPs and the overall complexity of the upgrade.

The Ethereum community is cautious about implementing changes that could inadvertently affect the network's stability and performance. Therefore, the testing and validation processes are crucial to ensuring that the upgrade proceeds smoothly without introducing unforeseen issues.

Despite the challenges, developers remain committed to advancing the Pectra upgrade. The focus is on thorough testing and careful evaluation of each component to ensure that the final implementation meets the high standards expected by Ethereum users.

The coming months will be crucial for the Pectra upgrade as developers continue to refine and test the proposed changes. As the Ethereum network enters its tenth year, the Pectra upgrade is a significant step forward, promising enhanced functionality and improved performance for users worldwide.

Hamster Kombat, a popular tap-to-earn game on Telegram, has attracted attention with the release of its new whitepaper detailing an upcoming airdrop of its native token, HMSTR. The developers plan to distribute 60% of the token supply to players who have significantly contributed to the game's success. Although the timeline is uncertain, the team is actively working to ensure a seamless airdrop process.

Initially, Hamster Kombat hinted at a potential token distribution in July following its integration with The Open Network (TON). However, technical challenges have delayed this distribution. Despite the setbacks, the developers are committed to moving forward with what they claim will be the largest airdrop in crypto history. The plan allocates 60% of the tokens for community rewards, while the remaining tokens will support ecosystem growth and partnerships with other projects in the crypto industry. The whitepaper also outlines strategies for market liquidity and rewarding player squads.

A notable aspect of Hamster Kombat is its independence from venture capital firms or institutional investors, which reduces the risk of "sell pressure" that often occurs when large investors quickly sell their holdings. Instead, the token's value will be determined by market demand, supply, and community interest. This community-driven approach empowers players and aligns the token's value with their interests.

In addition to the airdrop, Hamster Kombat's developers are preparing to launch the second season of the game. Players are encouraged to use their cards to complete quests before the new season begins, which will bring new challenges and opportunities for rewards.

Hamster Kombat recently announced that it has reached 300 million users, making it one of the fastest-growing blockchain games. Launched in March 2024, it quickly surpassed 100 million users within the first month and expanded to over 235 million users worldwide in just three months. The game’s success was partly inspired by another Telegram game, Notcoin, which also conducted a massive airdrop on the TON blockchain, distributing over 80 billion NOT tokens valued at $1 billion.

As Hamster Kombat prepares for its historic airdrop and the launch of its second season, the community remains engaged and enthusiastic. The whitepaper outlines plans for expanding partnerships and enhancing gameplay features. The developers' commitment to transparency and community-driven growth has cultivated a loyal player base eager to explore the game's evolving ecosystem.

In summary, Hamster Kombat's achievements and plans have made it a leader in the crypto gaming industry. With its community-first approach, the project is set to make a significant impact on the blockchain gaming landscape, offering players a rewarding experience that aligns with the principles of decentralization and innovation.

As the world’s largest and most prominent crypto and blockchain event, TOKEN2049 is set to break all records for its 2024 edition

Taking over Singapore and the entirety of the Marina Bay Sands, TOKEN2049 promises its most immersive festival experience unlike any other before seen 

Speaker highlights include Binance CEO Richard Teng; Solana Founder Anatoly Yakovenko; prolific entrepreneur Balaji Srinivasan; whistleblower Edward Snowden; Maelstrom CIO Arthur Hayes; Schelling AI Founder Emad Mostaque and many more  

SINGAPORE — 28 June 2024 — TOKEN2049, the world’s largest crypto event, announced its first batch of headline speakers and prominent title sponsors ahead of its eagerly anticipated return to Singapore. TOKEN2049 will take place from 18-19 September 2024 at Marina Bay Sands, ahead of the Formula 1 Singapore Grand Prix 2024 race weekend. 

Set to welcome 20,000 attendees from over 150 countries, TOKEN2049 will return to Singapore once more, converging industry leaders and global cultural icons alike in Asia’s leading economic hub to share what’s ahead for the zeitgeist. Following its record-breaking success in 2023, this year’s TOKEN2049 features a densely packed week of over 500 side events taking place from 16-22 September throughout the city-state. With 90 percent of exhibition space already sold out amid unprecedented demand, TOKEN2049 ticket prices will increase today, 28 June at 11:59 PM (GMT+8).   

This year’s TOKEN2049 Singapore will immerse participants in a festival experience unlike any other. A plethora of activities will merge next-generation Web3 technologies with endless entertainment across four floors of the conference venue. The show floors will be densely packed with interactive VR zones and immersive AI art experiences, an indoor rock climbing monolith, competition-grade padel, cage football and mixed martial arts – just a selection from a range of other activities to be discovered during the event dates. TOKEN2049 will be more than an event, promising an environment where entertainment and learning coexist. The city of Singapore will be marked by the TOKEN2049 community, as thousands of participants are transported around Singapore in TOKEN2049-branded buses and Singapore’s iconic pedalled trishaws, ensuring participants can navigate the festival week with ease and style.

Making its debut is TOKEN2049’s new startup competition, which will unveil the next generation of Web3 projects as they emerge from stealth. Hundreds of aspiring applicants will be rigorously evaluated, with only the top 10 most innovative projects selected to pitch on the global stage, showcasing their innovations for the first time.

In gearing up for the event’s largest and most immersive iteration to date, Alex Fiskum, Co-Founder of TOKEN2049 said: “TOKEN2049 has always been a global platform that brings together ideas, technology and culture to inspire and to entertain. This year we are reimagining the conference experience from the ground up, creating a spectacle unlike any other. With 20,000 attendees and more than 500 side events throughout the week, we are confident that TOKEN2049 Singapore will surpass all expectations of what one would expect of an event. Ticketing and exhibition demand has already surpassed all previous records, we are only at the beginning of what promises to be the most consequential Web3 event in the world. We look forward to sharing more exciting updates as we get closer to the event.”

The first round of over 200 confirmed speakers includes Richard Teng, CEO of Binance; Anatoly Yakovenko, Founder of Solana; Balaji Srinivasan, Founder, Investor and Author of The Network State; whistleblower Edward Snowden; Arthur Hayes, CIO of Maelstrom; Emad Mostaque, Founder of Schelling AI, with more industry leaders to be unveiled in the months following. 

TOKEN2049 Singapore’s title sponsors include OKX, a leading crypto exchange and Web3 technology company; BingX, a leading crypto exchange and official partner of Chelsea FC; TRON DAO, empowering decentralised commerce and community for every human on the planet; DWF Labs, the new generation Web3 investor and market maker; Bitget, the world's leading cryptocurrency exchange and web3 company, and Bullish, one of the fastest-growing, regulated digital asset exchanges.

For more information and continued updates on TOKEN2049 Singapore, please visit: https://www.asia.token2049.com/

PR Newswire is a community partner of TOKEN2049 Singapore. 

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Alex Fiskum, Co-Founder of TOKEN2049 is available for interview.

ABOUT TOKEN2049

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Bitcoin miner Riot Platforms experienced greater losses in the second quarter of this year due to the Bitcoin halving event in April. In July, Riot also acquired an additional 10.2 million shares of Bitfarms as it continues its effort to take over the competing mining firm.

Riot reported a net loss of $84.4 million in Q2 2024, compared to a net loss of $27.4 million during the same period last year, according to its latest quarterly report released on Wednesday. This significant increase in losses is mainly due to the impact of the April halving, which reduced the rewards for mining new Bitcoin blocks, affecting revenue.

The company's total revenue fell to $70 million in the second quarter, down from $76.7 million in the same period last year. Riot attributed the decrease primarily to a $9.7 million drop in engineering revenues, offset slightly by a $6 million increase in Bitcoin mining revenue.

Riot produced significantly less Bitcoin in the second quarter, with only 844 Bitcoin mined, marking a 52% decrease from the previous year. This drop was largely caused by the halving event and increased network difficulty, which made Bitcoin mining more challenging.

Despite these hurdles, Riot is working to boost its mining capacity. The company almost doubled its installed hash rate, reaching a total capacity of 22 EH/s by the end of June. Riot CEO Jason Les stated that the company aims to achieve a self-mining hash rate capacity of 36 EH/s by the end of the year, demonstrating its commitment to expanding mining operations despite current setbacks.

In addition to expanding its mining operations, Riot is continuing its attempts to take over Bitfarms. In July, Riot purchased about 10.2 million more shares of Bitfarms as part of its ongoing takeover strategy. This follows Riot's previous attempt to acquire Bitfarms for approximately $950 million in May.

Riot Platforms’ CEO has criticized Bitfarms' efforts to block the takeover. In June, Bitfarms adopted a "poison pill" strategy to prevent a potential acquisition, and this tactic was later enhanced in July to further thwart Riot's attempts.

The financial performance of both companies has been affected by these developments. Riot's shares on Nasdaq dropped by 1.74% at closing on Wednesday, while Bitfarms' shares rose by 4.03%, according to Google Finance. Riot's stock price has decreased by 33.87% year-to-date, reflecting the challenges the company faces in the current market environment.

The recent halving event has presented significant challenges for Riot Platforms and other Bitcoin miners, leading to reduced revenue and increased operational difficulties. As the reward for mining new Bitcoin blocks was cut in half, miners have had to deal with increased competition and higher costs to remain profitable. Riot's efforts to expand its hash rate and acquire Bitfarms are part of its strategy to address these challenges and strengthen its position in the industry.

Despite financial setbacks, Riot remains focused on growth and expansion. The company's investment in increasing its mining capacity and acquiring shares in Bitfarms demonstrates its commitment to long-term success. By boosting its hash rate, Riot aims to improve its mining efficiency and profitability, positioning itself for future growth.

Riot's pursuit of Bitfarms also highlights the competitive nature of the cryptocurrency mining industry. As companies seek to consolidate and expand their operations, strategic acquisitions and partnerships are becoming increasingly important. Riot's attempts to take over Bitfarms reflect its ambition to become a dominant player in the industry, despite the challenges posed by the recent halving and market conditions.

In summary, Riot Platforms is navigating a challenging landscape marked by reduced revenues and increased competition. The company's efforts to enhance its mining capacity and acquire Bitfarms shares underscore its determination to overcome these challenges and secure its place as a leading Bitcoin miner. As the industry continues to evolve, Riot's strategic initiatives will be crucial in shaping its future success.

A surge in interest from crypto whales often signals potential price rallies for certain cryptocurrencies, as recently observed with Ethereum (ETH), Pepe (PEPE), and ONDO. Whales have been increasing their holdings of these assets, suggesting bullish trends, although the possibility of sell-offs could affect prices.

Increased whale activity in an asset is typically considered a bullish sign, indicating a potential price rally. When retail investors notice large investors ramping up their trading activity, their confidence in the asset grows, leading to increased buying and sustained price rallies. As the market enters a new trading month, leading altcoin Ethereum (ETH), the frog-themed meme coin Pepe (PEPE), and ONDO, the governance token of Ondo Finance, are drawing significant interest from whales.

Ethereum has seen a spike in large holder netflow, which is the difference between the amount of ETH bought and sold by large investors. According to on-chain data from IntoTheBlock, there has been a 167% increase in ETH’s large holder netflow in the past week. Large holders are defined as addresses that hold more than 0.1% of an asset's circulating supply. When this metric rises, it indicates that whales are accumulating more coins, which is considered a bullish signal and suggests a potential price rally. This could increase buying pressure, potentially leading to a price surge.

The frog-themed meme coin Pepe (PEPE) has experienced a surge in whale addresses. Santiment data reveals that 85,400 addresses now hold between 10,000 and 10 million PEPE tokens, marking the highest count since its launch in April 2023. Over the last month, this group of PEPE holders has increased by 12%, despite the token's price consolidation during this period.

PEPE whales have increased their holdings due to the token's profitability. The Market Value to Realised Value (MVRV) ratio for PEPE indicates that the meme coin is currently overvalued, allowing investors to sell for gains. The MVRV ratio compares an asset's current price to the average price at which all its coins were acquired. When the MVRV ratio is above zero, the asset's market value is higher than the purchase price for most investors, indicating potential profits for holders. However, it is important to note that steady sell-offs could create downward pressure on PEPE’s price. If selling pressure begins to exceed supply, the coin’s value could drop.

Ondo (ONDO), the governance token of Ondo Finance, has seen an increase in its large holder inflow over the past 30 days, according to data from IntoTheBlock. This metric tracks the amount of cryptocurrency moving into wallets belonging to large holders. A spike in this metric suggests increased buying pressure from major investors.

If ONDO whales continue accumulating the altcoin throughout August, its price may see a significant rally. The increased interest from large holders in ONDO could lead to a price surge if the trend continues. In summary, the interest of crypto whales in Ethereum, Pepe, and ONDO indicates a potential bullish trend for these assets. Whale activity often signals increased confidence in an asset, which can attract more buyers and lead to price rallies. However, the possibility of sell-offs remains a concern, as they could offset potential gains. As the market evolves, these cryptocurrencies will likely continue to draw attention from investors looking for profitable opportunities.

Tether, a major stablecoin issuer, has paused its Bitcoin purchases despite a $1.3 billion profit in the second quarter of 2024. Instead, the company will maintain its current reserve levels, which has led to questions among crypto enthusiasts, especially since Tether's financial report showed a net equity of $11.9 billion and $97.6 billion in US Treasuries.

In Q2 2024, Tether issued $8.3 billion in USDT, with assets surpassing liabilities, confirming its solid financial standing. The halt in Bitcoin acquisitions has puzzled the crypto community, with questions raised by users like Matt Ahlborg.

Paolo Ardoino, Tether’s CEO, explained that the reserve report focuses on the entities issuing the stablecoin. He stated that Tether's investment branch continued to purchase Bitcoin during Q2 2024, but these transactions are not detailed in the reserve report.

“The reserves breakdown covers only the companies issuing the stablecoin, providing detailed information on what is most important, but Tether’s investment arm, among its $6.56 billion equity, also owns Bitcoin,” Ardoino said. However, he did not provide exact details on Bitcoin holdings, which led to more discussions and speculation.

Tether's financial outcomes for Q2 2024 highlight its strong profitability and asset management. The company reported a net profit of $5.2 billion for the first half of the year. By June 30, 2024, Tether’s consolidated net equity was $11.9 billion.

Furthermore, Tether's US Treasuries holdings totaled $97.6 billion, making it the 18th largest US debt holder globally. Tether’s management emphasized that the company’s assets significantly exceed its liabilities. The reserves for Tether tokens in circulation totaled $118.4 billion, compared to liabilities of $113.1 billion. This results in a net asset over liability buffer of about $5.3 billion.

During the quarter, Tether issued over $8.3 billion in USDT, maintaining its strong financial position. Despite a $653 million unrealized loss due to Bitcoin's price drop, Tether's net equity increased, partly due to a $165 million gain from its gold investments.

Ardoino emphasized Tether’s commitment to transparency and stability, highlighting the financial strength that allows the company to lead in liquidity and stability. He also mentioned Tether’s growing influence in sectors such as Artificial Intelligence, Biotech, and Telecommunications.

Tether's recent financial achievements demonstrate its exceptional profitability and strategic market positioning. The choice to pause Bitcoin purchases while maintaining solid reserves reflects a cautious approach to asset management amid fluctuating market conditions.

As Tether continues to bolster its financial foundation and extend its influence across various industries, it remains a dominant force in the cryptocurrency ecosystem. The ongoing dialogue about its Bitcoin holdings and transparency underscores the need for clear communication and openness in the rapidly evolving crypto market.

In conclusion, Tether’s performance in Q2 2024 underscores its ability to navigate market challenges while maintaining financial strength. The decision to pause Bitcoin purchases, along with strong profitability and asset reserves, highlights Tether’s strategic approach to sustaining its leadership in the stablecoin market.

Shiba Inu, the second-largest meme coin by market value, has seen significant increases in several important metrics, indicating a possible change in market sentiment. According to IntoTheBlock, the 7-day volume of Shiba Inu transactions valued at $100,000 or more has increased by 430%, reaching $32.5 million. This surge has led IntoTheBlock to view Shiba Inu as very bullish, noting a 0.22% rise in net network growth. This uptick in large transactions and network activity signals a positive shift for the coin.

Another key metric showing improvement is Shiba Inu’s daily SHIB burn rate. According to Shibburn, the burn rate has increased dramatically by 7,334.38%, with over 2.37 million SHIB tokens moved to dead wallets. This increase reduces the overall supply of SHIB, potentially boosting its price. Data also shows that inflows have significantly outpaced outflows in Shiba Inu’s exchange net flow over the last 30 days, indicating a shift towards self-custody methods and away from centralized exchanges. This development suggests growing confidence among investors in the asset.

In recent months, Shiba Inu experienced a significant downturn, losing over 10% of its value at one point in July. During this period, several key metrics for the cryptocurrency plummeted, highlighting its poor performance amid market volatility. Shiba Inu's open interest in June fell by 40%, dropping from $135 million to $80 million. Daily transactions on the Shibarium network also fell by about 50%, contributing to a subsequent decrease in SHIB's price. Additionally, SHIB's burn rate saw a 98.79% decline, with less than one million SHIB tokens being burnt. Given these challenges, the recent improvements in key metrics offer renewed hope for a potential price recovery for Shiba Inu.

While Shiba Inu shows promising signs of improvement, it remains sensitive to market fluctuations that are common in meme coins. The positive trends in transaction volumes, burn rates, and exchange net flows are encouraging signs of a potential recovery. Investors and analysts will be closely monitoring whether these trends continue and lead to a sustained price increase. If Shiba Inu can maintain its momentum, it might recover from recent setbacks and strengthen its position in the cryptocurrency market.

Senator Cynthia Lummis (R-WY) has introduced the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act, aiming to create a 1 million Bitcoin reserve for the United States. This proposal seeks to apply a strategy similar to those used for traditional commodities like oil and gold.

The BITCOIN Act plans to establish a network of secure Bitcoin vaults managed by the US Treasury, ensuring the highest levels of physical and cybersecurity. This would give the US government control over about 5% of the world's Bitcoin supply, aligning with how the country handles its gold reserves.

Funding for the initiative would come from reallocating existing resources from the Federal Reserve and Treasury. The bill also stresses the importance of individual Bitcoin holders maintaining self-custody rights, ensuring the government's actions do not infringe on personal financial freedoms.

Senator Lummis introduced this legislation in response to economic challenges such as rising inflation and national debt. She believes that adopting Bitcoin as a savings technology will position the US as a leader in financial innovation. "Bitcoin is transforming not only our country but the world, and becoming the first developed nation to use Bitcoin as a savings technology secures our position as a global leader in financial innovation," she stated.

Critics have questioned the proposal's effectiveness, arguing that the $70 billion investment in Bitcoin is negligible compared to the $34 trillion US debt. Some suggest Lummis is pandering to voters rather than offering a viable financial solution.

Paul Vigna, a prominent financial author, expressed skepticism, stating, "I hate to be that guy, but this makes no sense. $70 billion of Bitcoin won’t help a $34 trillion debt. Bitcoin is not strategically important. It just isn’t. It’s a fascinating experiment in finance, but it’s not critical in any way to global markets. There is no good reason to do this."

Despite these criticisms, the introduction of the BITCOIN Act is a notable event in US legislative history, signaling a bold step towards integrating digital assets into national financial strategies. As the bill moves through the legislative process, it will likely ignite extensive debate among policymakers and economic experts, offering various perspectives on Bitcoin's role in government finance strategies. The outcome of these discussions will shape the future of digital currency use in national reserves and potentially influence global views on cryptocurrency integration in financial systems.

Ethereum's recent ETF performance highlights the volatility in the cryptocurrency market, as Ethereum spot ETFs recorded a significant outflow of $77.2 million on July 31, despite positive inflows the previous day.

On July 31, Ethereum spot ETFs showed varying results, according to Farside Investors. Grayscale’s “ETH” saw the highest inflow of $19.8 million, followed by Fidelity’s “FETH” with $18.8 million and BlackRock’s “ETHA” with $5 million. Other funds like 21Shares (CETH), VanEck (ETHV), and Bitwise (ETHW) also recorded smaller inflows of $3.3 million, $4.8 million, and $4.7 million, respectively.

In contrast, Invesco’s “QETH” and Franklin’s “EZET” had neutral flows, indicating stability. However, Grayscale’s “ETHE” experienced a major outflow of $133.3 million, which significantly affected overall ETF performance.

Broader market trends played a key role in these ETF movements. Spot Bitcoin ETFs had net inflows of only $299,000. BlackRock’s IBIT and Grayscale Bitcoin Mini Trust were the top performers, with inflows of $20.99 million and $18 million, respectively. In contrast, Fidelity’s FBTC saw an outflow of $31.57 million, and other Bitcoin ETFs like Ark and 21Shares’ ARKB, as well as Bitwise’s BITB, also recorded outflows.

Ethereum’s performance reflects current market sentiments, with the global cryptocurrency market capitalization falling by 3.1% in the past 24 hours to $2.41 trillion. During this period, Bitcoin’s price dropped by 3.2% to $64,275, while Ethereum’s price declined by 4.6% to $3,170.

The underperformance of Ethereum ETFs highlights challenges in the cryptocurrency market. Despite the launch of spot Ether ETFs in the US on July 23, these funds have struggled to attract consistent investment. Grayscale’s ETHE, in particular, has faced significant outflows, suggesting investor concerns.

Additionally, Ethereum’s price has declined compared to Bitcoin, falling by 10% in recent months. The Ethereum network’s total value locked (TVL) has remained stagnant at ETH 17.8 million, and growth in layer-2 scaling solutions has been limited. Solana surpassing Ethereum in decentralized exchange (DEX) trading volumes further adds to the competitive pressures on Ethereum.

For Ethereum to regain its momentum and potentially reach $4,000, it needs renewed institutional interest and a positive trend in ETF inflows. Upcoming upgrades to Ethereum’s scalability, such as sharding, Verkle trees, and zero-knowledge SNARKs, are expected to address some of these challenges. However, concrete improvements are necessary for long-term growth and investor confidence.

Grayscale has introduced the Bitcoin Mini Trust, a new investment option that offers lower fees than the Grayscale Bitcoin Trust (GBTC). This new trust has been approved by the US Securities and Exchange Commission (SEC), providing investors with a more cost-effective way to invest in Bitcoin.

The Bitcoin Mini Trust launches with an expense ratio of 0.15%, making it the cheapest Bitcoin exchange-traded product (ETP) in the United States. This low fee outperforms recently launched Bitcoin ETFs from industry giants such as BlackRock and Fidelity. The Trust was initially funded with 10% of the assets from Grayscale's largest fund, the GBTC, which transitioned to an ETF structure in January 2023 after over a decade as a closed-end investment fund.

Zach Pandl, Grayscale's head of research, stated that the launch timing is strategic, given the current economic environment. With the Federal Reserve expected to cut interest rates and cryptocurrency emerging as a significant topic in the US presidential election, the potential for a weaker dollar under the Trump platform could positively impact investor portfolios.

Existing GBTC investors will automatically receive shares of the mini-trust, allowing them access to a more affordable investment vehicle. This launch occurs amid a surge in Bitcoin and Ethereum ETF approvals in the US, signaling a new era for crypto investing, despite ongoing regulatory challenges faced by major players like Binance, Coinbase, Uniswap Labs, and Ripple.

Despite fierce competition on fees, with some Bitcoin ETF issuers offering temporary zero-fee products, Grayscale’s Bitcoin Trust remains a leading BTC fund. It ranks as the second-largest BTC fund, just behind BlackRock’s iShares Bitcoin Trust, which has amassed $20 billion in assets since its US debut in January. Conversely, the GBTC has seen approximately $19 billion in outflows since its transition to an ETF structure earlier this year, along with other new ETFs in the market.

The crypto ETF landscape is expanding beyond Bitcoin, with the SEC recently approving several spot Ethereum funds. This approval led to a combined net inflow of $33.67 million for nine US Ethereum ETFs on a single day, reversing four days of outflows. The Grayscale Ethereum Trust (ETHE) was the only Ether ETF to experience negative flows, with an outflow of $120.28 million. However, other products like BlackRock's ETHA saw strong inflows, gaining $117.98 million in new assets.

Grayscale launched the Ethereum Mini Trust (GEMP) with lower fees, attracting $181 million in inflows, while the higher-fee Grayscale Ethereum Trust experienced $1.8 billion in outflows. The introduction of the Grayscale Bitcoin Mini Trust is a strategic move to capture market share in a competitive landscape by offering a low-cost way to invest in Bitcoin. The launch, along with the introduction of various Bitcoin and Ethereum ETFs, reflects the growing acceptance of cryptocurrencies in mainstream investing, providing investors with more affordable and diverse options despite ongoing regulatory scrutiny.

Lucie (@LucieSHIB), marketing lead for Shiba Inu, confirmed the closed beta launch for Shiba Eternity Web3. This game, built on the Shibarium network, brings the collectible card game into the Web3 era using Shibarium's Layer-2 blockchain.

Angel from the Shiba Eternity team announced the closed beta release for this week, offering a unique gaming experience for the Shiba Inu token community. To join the beta, players must stake LEASH tokens through Shibaswap, linking game entry with community involvement. Future access will expand to holders of Shiboshi, Sheboshi, or Shiba Eternity Lore NFTs, increasing engagement and enhancing the tokens' value.

The community responded eagerly. Shib Mehta (@shib_mehta) shared that the game is already accessible, and Lucie confirmed this with a playful reply. Lucie highlighted the benefits for the Shiba Inu ecosystem: more gameplay leads to more transactions on Shibarium, higher BONE usage, increased SHIB burning, and greater demand for Shiboshis. She stressed that every token in the ecosystem is crucial for its growth.

The Web3 version of Shiba Eternity allows players to own in-game assets, making the experience more valuable. All transactions use Bone ShibaSwap (BONE), supporting SHIB token burning. Upcoming features like ranked tournaments, strategic gameplay enhancements, and NFT minting will enrich the game and integrate it more deeply with Shibarium's crypto aspects.

LEASH tokens, with a supply capped at 107,565, are vital for governance and strategy within the ecosystem. Lucie hinted at future airdrops, metaverse access, and other developments requiring LEASH, making it a crucial exclusivity token.

The closed beta of Shiba Eternity Web3 integrates the card game with Shibarium blockchain, requiring LEASH token staking for access. Future expansions will include NFT holders, and strategic use of BONE for transactions and SHIB burning shows the ecosystem's thoughtful design. LEASH plays a central role in upcoming developments, promising a richer, integrated gaming experience leveraging Web3 technologies.

Rumors suggest Vice President Kamala Harris is trying to mend her relationship with the cryptocurrency community. However, her recent actions seem to contradict her goals. Harris is considering Michigan lawmaker Gary Peters as her running mate for the 2024 elections, which has alarmed Bitcoin enthusiasts.

Peters strongly opposes Bitcoin due to his support for the Money Laundering Act of 2023, targeting the illicit use of cryptocurrency for terrorism. This stance has raised concerns among crypto supporters, fearing stricter regulations and a less favorable environment for digital currencies. Peters emphasized the threat of cryptocurrencies funding militant organizations and urged the administration for more details on their plans to curb these activities.

Harris’s potential endorsement of Peters is a strategic move. Michigan, a crucial swing state with strong union support and a significant Democratic base, makes Peters an appealing choice. His backing by unions and other Democrats could strengthen Harris’s campaign, despite his controversial stance on cryptocurrency.

The cryptocurrency community is worried about Peters’s possible inclusion on the Harris ticket. Industry leaders, like XRP attorney John Deaton and Galaxy Digital chairman Mike Novogratz, have urged Harris to reconsider. Novogratz advised Harris on the stance of Senator Elizabeth Warren, a vocal Bitcoin critic. Deaton, running against Warren, suggested Harris should remove SEC Chair Gary Gensler, seen as anti-crypto, if she wins the presidency.

Despite the crypto community’s concerns, Harris’s team remains firm. A top advisor for Peters emphasized respecting Harris’s choice of running mate. Rep. Dan Kildee (D-Mich.) highlighted Peters’s strong pro-union stance as a key factor. "Labor wants someone undoubtedly pro-union, and Gary fits that definition well," Kildee said.

The endorsement of Peters, vocal about the risks of cryptocurrency, has led to anxiety within the crypto community. Many fear Peters’s involvement in the administration could result in stricter regulations, stifling the growth and adoption of digital currencies. His firm stance on crypto control, due to concerns over its use in illicit activities, contrasts sharply with the objectives of many in the crypto space.

Advisors to Harris and Peters stress the broader political strategy at play. They argue that aligning with Peters brings political advantages, particularly in Michigan. However, this alignment hasn’t eased the fears of those invested in the future of digital assets.

Harris’s decision reflects the complex balance she must maintain to satisfy diverse groups. Securing support from traditional Democratic bases like unions is crucial for her campaign. However, alienating the growing and influential crypto community poses risks, given the increasing integration of digital assets into mainstream finance.

The potential selection of Peters highlights the evolving political landscape around cryptocurrency. As digital assets gain prominence, political leaders must navigate the challenging terrain of regulation and innovation. Harris’s choices will be scrutinized for their political impact and long-term implications on the cryptocurrency sector.

Kamala Harris’s consideration of Gary Peters as a running mate has sparked a debate in the cryptocurrency community. While Peters’s anti-crypto stance aligns with his legislative priorities, it conflicts with the interests of many digital asset proponents. Harris’s decision will reflect her strategic priorities and approach to balancing the diverse demands of her political coalition. As the 2024 elections approach, the implications of her choices on cryptocurrency regulation will be closely watched by all stakeholders.