Biden Calls it Quits, Bitcoin Breaks Even 🚀
What’s up Crypto Crew 🖖
Welcome to another edition of your favorite weekly news round-up… From Coinigy.
A political earthquake just hit the markets as Uncle Joe decided to call it quits, and Bitcoin seems to be loving every bit of it. $68k? That’s what we call a bull run.
And you already know who’s always in the spotlight, our orange-haired ex-president. This time he’s eyeing Bitcoin as a strategic reserve asset which could be the “Art of Crypto Deal” we’ve been waiting for…. Talk about a plot twist.
Meanwhile, our favorite "Faketoshi" finally came clean, like we didn’t know already.
Here are the Highlights:
- Investors reassess their political bets as Biden decides to drop out of US presidential race
- Craig Wright admits he’s not Satoshi, issues disclaimer on his website
- Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls
- Industry sources think Trump may announce Bitcoin as a strategic reserve asset
Investors reassess their political bets as Biden decides to drop out of US presidential race
Investors around the world are trying to gauge how President Joe Biden's decision to drop out of the presidential race will affect stocks, bonds, the dollar and other markets. As Biden slipped in the polls after his debate performance, so-called "Trump trades" gained prominence as investors prepared for a Republican win. A new Democratic ticket could alter investors' perceived election odds, with many expecting increased volatility as traders reconsider their strategies.
Craig Wright admits he’s not Satoshi, issues disclaimer on his website
Craig Wright issued a legal disclaimer on the home page of his website on July 16, emphatically stating that he is not the pseudonymous creator of Bitcoin, Satoshi Nakamoto. The disclaimer cited the recent ruling from the United Kingdom High Court of Justice and directed website traffic to the summary of the findings presented by the Crypto Open Patent Alliance (COPA), a consortium of developers, exchanges and projects formed to foster innovation and facilitate an open-source environment in crypto.
Bitcoin Briefly Tops $68K as Biden Dropout Riles Up Crypto Bulls
Bitcoin (BTC) briefly rose above $68,000, before falling to $67,500, at the start of Asian trading hours Monday as bullish sentiment largely rose among traders driven by a favorable U.S. election outlook. Majors rose higher, driven by BTC strength. Ether (ETH) briefly crossed $3,500, Cardano’s ADA and Solana’s SOL added as much as 5%, while dogecoin (DOGE) jumped more than 8% before paring gains.
Industry sources think Trump may announce Bitcoin as a strategic reserve asset
Former US President Donald Trump is rumored to make a groundbreaking announcement at the upcoming Bitcoin 2024 Conference in Nashville. According to industry sources, the former President may have plans to unveil Bitcoin (BTC) as a strategic reserve asset for the US. Satoshi Action Fund co-founder Dennis Porter and BnkToTheFuture founder Simon Dixon both shared the rumors on social media, citing credible sources.
Other Highlights Worth Mentioning
Indian crypto exchange falls victim to $235M hack - TradingView
Binance US secures court approval to invest $40 million in US Treasury bills - Coinmarketcap
Jefferies believes Trump’s ‘overt’ support for Bitcoin will benefit crypto stocks, gold miners - Cryptoslate
FTX And CFTC Reach Landmark $12.7 Billion Settlement - Milk Road