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XRP News: John Deaton Urges Kamala Harris To Fire Gary Gensler
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XRP News: John Deaton asks Democrat Kamala Harris to prove her support to crypto industry by promising Gary Gensler's resignation similar to Trump.
HIGHLIGHTS Pro-XRP lawyer John Deaton joined others asking Kamala Harris to prove her crypto reset. The most significant thing Harris could do is to promise immediate resignation of SEC Chair Gary Gensler. Judge Torres, a lifelong Democrat appointed by President Obama, even criticized the SEC.
XRP News: John Deaton, Republican senatorial candidate, has asked Democrat presidential candidate Kamala Harris to prove her recent shift toward the crypto industry.
Elon Musk Accuses Democrats Of ‘Importing Voters’, Endorses Donald Trump
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Tesla CEO Elon Musk has vehemently criticized Democrats for "importing voters" as Senator Elizabeth Warren urged VP Kamala Harris to provide citizenship to illegal immigrants.
HIGHLIGHTS Elon Musk accused Democrats of "importing voters" amid Senator Elizabeth Warren's latest move. Warren urged VP Kamala Harris to offer citizenship to illegal immigrants. Musk also endorsed Trump to avoid a dictatorship in the U.S. as witnessed in Venezuela lately.
Elon Musk, the influential CEO of SpaceX and Tesla, has recently made headlines with his provocative remarks regarding U.S.
Compound Finance Hack Unlikely on Curve Finance, Says Founder
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Curve Finance founder addresses concerns about potential governance attacks following the Compound Finance incident, emphasizing ve-tokenomics governance model.
HIGHLIGHTS Curve's ve-tokenomics model requires a four-year token lock to mitigate rapid token accumulation risks. Reaching quorum on Curve needs around 200 million CRV tokens, making manipulation difficult. The Compound hack raises concerns about DeFi governance security.
Curve Finance founder Michael Egorov has addressed concerns about potential governance attacks, following a controversial Compound Finance hack.
How High Can BOOK OF MEME Price Go After 20% Surge?
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BOOK OF MEME price becomes the shining star in the Solana ecosystem, with several technical indicators and patterns reinforcing the uptrend.
HIGHLIGHTS BOME price increases rapidly as attention shifts to Solana meme coins. A golden cross pattern set to affirm the bullish thesis, as bulls eye $0.02. The RSI breaks bearish divergence as bulls take back the reins. BOME futures open interest jumps 74% as interest in the meme coin soars.
Meme coins in the Solana ecosystem flaunt a cumulative net increase of more than 5% on Monday, with BOOK OF MEME price leading the perk. This price uptick comes as Bitcoin makes another debut above $70,000.
Biden’s Proposed SC Reform Takes Aim At Donald Trump Immunity Ruling
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Despite presidential election withdrawal, Joe Biden has left no stone unturned to challenge Donald Trump as he revealed a Supreme Court reform that counters the July 2 immunity ruling.
HIGHLIGHTS President Joe Biden has proposed a Supreme Court reform today. The amendment directly challenges Donald Trump's immunity ruling that came in earlierthis month. However, the odds of the amendment's passing remain uncertain due to the recent Congressional split.
On Monday, July 29, U.S. President Joe Biden has unveiled a comprehensive three-pronged proposal aimed at reforming the Supreme Court.
Bitcoin Breaks $70,000, PlanB Predicts BTC To Hit $150K By Year-End
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When asked whether $100K will be the top for Bitcoin, PlanB said that the BTC price can rally to $500K by 2028 as pet the S2F model.
HIGHLIGHTS PlanB said that the Bitcoin revenue model has bottomed thus hinting at a mega-rally ahead. All eyes will be on the US Fed meeting this week as the market will closely watch Powell's commentary on inflation. The upcoming US elections could probably bring more volatility into Bitcoin.
Amid strong bullish momentum, the world’s largest cryptocurrency Bitcoin (BTC) has managed to breach past $70,000 levels as of press time, with analysts turning mega bullish going ahead.
US Fed Set For First Interest Rate Cut, Says Ex-Fed Roger Ferguson
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Ex-Federal Reserve Vice Chair Roger Ferguson has pointed to the first US Fed rate cut in September citing improved market positives as inflation numbers fall.
Former Federal Reserve Vice Chair Roger W. Ferguson has projected US Fed rate cuts in September as market anticipation grows. Investors have hinted at a similar date following slowing inflation and consumer prices. Interest rate cuts will impact Bitcoin and other crypto assets as funds flow to risky assets.
Roger Ferguson says the Feds are likely to lower rates in September. This comes after positive market numbers with slowing inflation.
US Fed Meeting Expectations: No Rate Cut Expected In July FOMC, What’s Next?
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US Fed Meeting: The central bank is expected to maintain interest rates in July, with anticipation soaring over Jerome Powell's speech and a potential September rate cut.
US Fed Meeting: As the central bank gears up for its July FOMC meeting, expectations are high but straightforward that the policy rate will remain unchanged. However, the market participants are abuzz with speculation about potential rate cuts in September. So, let’s take a quick tour of what the July meeting might reveal and see its potential implications for future policy changes.
he market anticipates a 25 basis point rate cut in September, driven by economic indicators.
Will Neiro Get Similar Popularity Like Shiba Inu Dog Kabosu
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The Dogecoin dog's (Kabosu) family has welcomed a new Shiba Inu dog breed into their home, Neiro. The crypto realm simultaneously saw the launch of Neiro coins.
The latest buzz of the crypto realm, Neiro, has sent tongues wagging across the broader industry. Following the death of Shiba Inu dog Kabosu, who was the face of Dogecoin, the “mother of Kabosu” recently posted a picture of her new Shiba Inu dog, Neiro.
Subsequently, the crypto realm saw the launch of three new meme coins with the same name. However, the question that prevails in the market is, “Will the new dog gain the same popularity as the Shiba Inu dog Kabosu?”
Jito Surpasses Lido To Secure 1st Spot As Leading Fees Generating Protocol
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The liquid staking protocol Jito (JTO) has recently surpassed Lido (LDO) in 24-hour fee revenue generation to secure the first spot across all blockchains.
HIGHLIGHTS Jito surpasses Lido in 24-hour fee collection: DeFiLlama. However, broader time frame charts show LDO still leads fee collection. A brief look into LDO and JTO tokens' market performance.
The decentralized liquid staking platform Jito (JTO) has recently marked a monumental stride by securing the first spot among leading fee-generating protocols across all blockchains. Notably, the Solana-backed platform overtook Lido (LDO) in 24-hour fee generation volume.
21Shares Integrates Chainlink to Verify Ethereum ETF Reserves
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21Shares integrates Chainlink's Proof of Reserve to boost Ethereum ETF transparency, ensuring real-time, secure verification of ETH reserves.
HIGHLIGHTS 21Shares uses Chainlink Proof of Reserve to ensure transparency in Ethereum ETF reserves. Chainlink's decentralized system secures $3.2B in assets for 21Shares' Ethereum and Bitcoin ETFs. BlackRock warns against investment scams on platforms like Telegram.
21Shares U.S. LLC, an affiliate with 21Shares AG, has integrated Chainlink’s Proof of Reserve on the Ethereum mainnet to increase transparency about Ethereum reserves supporting the 21Shares Core Ethereum ETF (CETH), to affirm CETH as a true holder of Ether (ETH), the second-largest crypto by market cap.
21Shares to Verify Ethereum ETF Reserves Chainlink got chosen by 21Shares because of its widely accepted decentralized platform for computation. The integration of Chainlink’s Proof of Reserve gives complete visibility to ETH reserves underlying CETH.
Thus, investors have real-time reserve data and history through an off-chain feed that pulls data directly from Coinbase. Consequently, it ensures that CETH’s collateralization is transparent and secure, owing to the total value of more than $12 trillion, which is enabled in on-chain markets by the Chainlink platform.
Solana Surpasses Binance Coin to Become 4th Largest Crypto
Solana (SOL) has surged to become the fourth-largest cryptocurrency by market cap, reaching nearly $90 billion, a level not seen in almost four months. This rise comes after substantial price gains and increased network activity. 30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]
Analysts are optimistic, suggesting that Solana may continue to rally due to bullish patterns and growing usage of its network. Cryptocurrency Market Sees Gains; Solana Surpasses Binance Coin The cryptocurrency market is experiencing a strong positive trend today, July 29, with many leading digital assets showing significant gains. Solana (SOL) is a prime example of this upward movement. The price of SOL has risen nearly 5% over the day, currently trading around $192. Its market capitalization has surged to almost $90 billion, a figure last seen at the beginning of April.
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SOL Market Cap, Source: CoinGecko This impressive performance has propelled Solana to become the fourth-largest cryptocurrency, overtaking Binance Coin (BNB), which has seen its market cap fall from above $90 billion to just under $87 billion in recent hours.
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The top three cryptocurrencies remain unchanged. Bitcoin (BTC) continues to lead with a market cap of nearly $1.4 trillion. Ethereum (ETH) follows with a capitalization of $405 billion, and the stablecoin Tether (USDT) holds the third spot with a market cap of approximately $114 billion. Analysts Predict Continued Growth for Solana (SOL) Several analysts are optimistic about Solana’s (SOL) price rally, suggesting it may not be over yet. X user Jelle compared SOL’s current performance to its summer 2021 surge, which was followed by a major bull run that drove the price to nearly $260. Jelle has set a target of $600 if this trend continues.
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Captain Faibik noted that SOL has recently confirmed a “Bullish Pennant Upside Breakout” on the weekly chart, indicating that significant price peaks could be on the way before the year ends. Solana’s network metrics support this bullish outlook. The Total Value Locked (TVL) in the Solana ecosystem recently surpassed $5.5 billion, reflecting increased usage and adoption. Additionally, the on-chain trading volume has been around $2 billion in recent days, suggesting improved liquidity and positive market sentiment. These factors combined could further enhance SOL’s price stability and attract more investors.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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Solana Surpasses Binance Coin to Become 4th Largest Crypto
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Musk Shares Edited Kamala Harris Video; Sparking AI Concerns
A manipulated video featuring a fake voice of US Vice President Kamala Harris has raised alarms about the potential misuse of artificial intelligence (AI) in elections. 30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]
The video, which was originally intended as a parody, gained widespread attention after Tesla and SpaceX CEO Elon Musk shared it on his social media platform X on Friday evening, without indicating it was a joke. Musk Shares Manipulated Video, Raises Concerns About AI in Politics Elon Musk recently shared a manipulated video on his social media platform X that mimics the voice of US Vice President Kamala Harris. The video, which initially did not disclose its parody nature, used visuals from a real Harris campaign ad but replaced her voice with a fake one.
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Source: X Following backlash, Musk reposted the video with the original user’s caption stating it was a parody and added that “parody is legal in America.” Despite this, Mia Ehrenberg, a Harris campaign spokesperson, criticized the video, emphasizing that voters deserve genuine information rather than misleading content. The video highlights the growing concern about AI-generated content being used to parody or mislead in politics. Some online users questioned whether Musk’s post violated X’s policies against sharing deceptive media, though the platform allows for memes and satire that do not cause significant confusion.
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Musk’s initial post, which simply praised the video as “amazing,” did not clarify its parody status. Musk has previously endorsed former President Donald Trump, adding to the controversy. Neither the video’s creator, known as Mr. Reagan, nor Musk responded to requests for comment. Experts Weigh in on AI-Generated Video Controversy Two AI specialists analyzed the manipulated video of Kamala Harris and confirmed that its audio was generated using AI technology. Hany Farid, a digital forensics expert at the University of California, Berkeley, highlighted the sophistication of the AI-generated voice.
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He noted that while most people might not believe the voice is Harris’s, the video’s impact is heightened when the words are delivered in her voice. Farid stressed the need for AI companies to prevent their tools from being used to deceive or undermine democracy. Conversely, Rob Weissman, co-president of Public Citizen, expressed concern that many viewers might be misled by the video. He argued that the quality of the video, though not perfect, is sufficient to deceive people, especially since it plays into existing narratives about Harris. Weissman emphasized that this incident underscores the need for stronger regulations on generative AI, a concern his organization has been advocating for.
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Musk Shares Edited Kamala Harris Video; Sparking AI Concerns
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Trump’s Crypto Endorsement: What Europe Needs to Watch Out For
Bitcoin’s price jumped after former President Donald Trump spoke in favor of cryptocurrencies. This boost could raise new concerns about how the European Union will regulate the crypto market. 30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]
During the Bitcoin 2024 conference, Trump, who is running for president as a Republican, promised to make the US the leading country for crypto and Bitcoin.
Trump’s Crypto Stance and European Regulatory Risks Donald Trump has positioned himself as a strong contrast to the Biden administration and Democratic nominee Kamala Harris by proposing the creation of a Bitcoin “strategic reserve” for the US government. He also pledged to replace SEC Chair Gary Gensler with a new SEC chair who will support rather than hinder the future of cryptocurrencies. Recently, Trump made headlines as the first presidential candidate to accept cryptocurrency donations, raising $4 million (€3.69 million) for his campaign.
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Trump’s support for cryptocurrencies might attract voters who favor digital tokens, but it could also increase regulatory challenges for European policymakers. The dominance of USD-based digital tokens may threaten the euro, the world’s second-largest reserve fiat currency. Crypto Market Surge and Trump’s Potential Impact The crypto markets have experienced a resurgence this year, largely due to central banks’ easing monetary policies, the Bitcoin halving event, and the SEC’s approval of spot Bitcoin ETFs. This bullish momentum has been further fueled by speculation surrounding the upcoming US presidential election. Since Biden’s withdrawal from the race earlier this month, Bitcoin has surged more than 13%, reaching over $68,700 (€63,244) on Monday, just 6% shy of its all-time high set in March 2024.
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Trump’s recent pledges at the Bitcoin 2024 conference could further boost the cryptocurrency market if he wins the presidency. This potential shift in the US political landscape might prompt European policymakers to reconsider their current regulatory approaches to digital tokens. Growth and Regulation of Cryptocurrencies: The EU’s Approach Over the past decade, cryptocurrencies and digital assets have seen remarkable growth in popularity and adoption. This rapid expansion has underscored the need for regulatory frameworks to maintain market stability, protect investors, and prevent fraud. The rise of Initial Coin Offerings (ICOs), security tokens, and stablecoins has highlighted both the innovative potential and the associated risks within the financial system.
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In September 2020, the European Commission introduced the Digital Finance Package, designed to help the EU embrace digital finance while addressing potential risks. As part of this package, the Markets in Crypto Assets (MiCA) regulation was proposed to regulate cryptocurrencies and digital assets. MiCA was adopted by the European Parliament and Council in stages, coming into force in June 2023 with partial application beginning then and full implementation scheduled for December 2023. One notable risk associated with cryptocurrencies is their potential misuse for money laundering and terrorism financing, given the decentralized nature of transactions. Since Russia’s aggression towards Ukraine, cryptocurrencies have been utilized not only to support Ukraine but also to fund Russia’s military efforts. According to the Head of Sanctions at Chainalysis, “Russian entities have turned to crypto under the heavy pressure of international sanctions, using it for private militia group fundraising, continued ransomware attacks, and attempted sanctions evasion.” Concerns Over USD-Pegged Stablecoins and Their Impact on the Euro
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Some EU regulators are expressing concerns that the dominance of USD-pegged stablecoins might threaten the euro. Most stablecoins are pegged to the US dollar, which helps maintain their price stability. Crypto traders frequently use stablecoins on exchanges to facilitate trading between different cryptocurrencies. This situation parallels the dominance of the USD in commodity markets, where assets like gold, silver, copper, and crude oil are quoted in dollars. To support these stablecoins, a crypto exchange or stablecoin firm must maintain a corresponding amount of USD in reserve. As the demand for stablecoins rises, it tends to strengthen the USD while weakening the euro. Should Bitcoin gain greater prominence in the US, it would likely lead to increased issuance of stablecoins, potentially exerting additional pressure on other currencies, including the euro.
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Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Trump’s Crypto Endorsement: What Europe Needs to Watch Out For
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Hamster Kombat has reached a significant milestone today with its announcement for pre-market futures trading on OKX, a leading cryptocurrency exchange. This development marks a major step for the Web 3 game, which has recently faced delays and speculation about its listing date. 30X Expected Profit from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 Exchange Lsiting Price $0.27 To $0.30, Don’t miss this opportunity; join the pre-sale at the official website [ PlayAiGames.Online ]
The listing news was shared by OKX on its official X page, where it has pinned the announcement to the top of its profile. This move brings renewed attention and excitement to the Hamster Kombat project, offering new trading opportunities for investors. Hamster Kombat Listed for Pre-Market Futures Trading on OKX Hamster Kombat has reached a new milestone with OKX, a leading cryptocurrency exchange, listing it for pre-market futures trading. This move allows traders to engage with Hamster Kombat tokens before their official spot exchange listing, with the option of up to 2x leverage.
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The Hamster Kombat project had seen some delays, with players eagerly awaiting news about its listing date. This listing by OKX, announced on their official X page, follows a similar move by Bybit three weeks ago, enhancing the project’s visibility and credibility. OKX has clarified how the delivery price for pre-market futures trading, including Hamster Kombat tokens, will be calculated. According to their blog, the actual delivery price will be the average index price over the last hour before delivery, updated every 200 milliseconds. The estimated delivery price will be a rolling average of the same index prices. It’s important to note that the pre-market trading price will not influence the official listing price of the tokens. Hamster Kombat’s OKX Listing: What You Need to Know
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Hamster Kombat has been listed for pre-market futures trading on OKX, marking a significant milestone for the popular Web 3 project. Traders can now engage with Hamster Kombat tokens before they are officially listed on a spot exchange, with up to 2x leverage available. OKX has clarified that the prices for pre-market futures are based on market behavior and may not align with the actual listing price of the tokens. While pre-market futures can reflect market expectations, the final listing price might be influenced by other factors and does not have a direct correlation with pre-market prices. Hamster Kombat is a leading Play-to-Earn Web 3 project with millions of players worldwide. It has gained notable popularity in Nigeria, alongside other projects like Tapswap and Pixelverse, as the Nigerian crypto community increasingly adopts Web 3 technologies.
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Understanding Pre-Market Futures Trading Pre-market futures allow you to trade futures contracts on cryptocurrencies before they are officially listed on spot exchanges. These contracts are USDT-margined and typically expire before the new crypto token is listed on the spot market. Popular crypto exchanges like OKX and Bybit offer these pre-market futures trading opportunities, giving traders the chance to engage with new tokens ahead of their official listing.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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