🚀🔝 Higher?
In today’s edition: 📉 Odds of a token launch from Trump plummet following livestream, 📊 Reps. Emmer, McHenry press Gensler on airdrop rules, 🚫 Coinbase CEO denies "paper Bitcoin" rumors, and more!
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Trump’s Crypto Project May Attract Hackers. That’s Why This Security Expert Joined
Crypto security expert Ogle is advising World Liberty Financial to make sure the normies don’t get burned.
World Liberty Financial (WLF), the Trump-backed DeFi project, launched this Monday.
In this episode, crypto security expert Ogle discusses his role as an advisor to WLF. He dives into why he joined the project, what makes it unique, and how Trump’s involvement could bridge the gap for many who are new to the space.
Plus, Ogle shares his thoughts on the security challenges WLF might face and the project’s potential to rival major players in the market.
He also touches on his new layer 1 blockchain Glue, and why he thinks it will provide a better user experience than what is out in crypto today.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
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What’s Poppin’?
by Veronica Irwin and Juan Aranovich
Bitcoin Is Now in a ‘Classic Setup’ to Surge Higher Soon, Analysts Say
Even though bitcoin broke the $61,000 mark today, analysts believe there are multiple reasons to expect even more gains.
Odds Trump Will Launch a Token Before Election Plummet After X Space
Viewers were disappointed by the lack of detail from Trump and other company executives during the livestream.
Daily Bits… ✍️✍️✍
🎈 Republican Representatives Tom Emmer and Patrick McHenry are pressing SEC Chair Gary Gensler for clarity on how securities laws apply to airdrops, highlighting regulatory uncertainty.
🔍 Rumors that Coinbase issued "paper Bitcoin" IOUs to BlackRock were denied by CEO Brian Armstrong and industry experts, dispelling fears of market manipulation.
💻 Bitwise compared Ethereum to Microsoft in the blockchain space, suggesting that while ether has recently underperformed, it remains dominant with the most developers, users, and DeFi assets, making it a potential contrarian bet by year-end.
💸 BitGo plans to launch a new stablecoin, USDS, in January 2025, which will reward institutions providing liquidity, aiming to create a more open and equitable ecosystem for stablecoins.
📈 Coinbase's layer 2 network, Base, set a new record with over 4.5 million transactions in a single day, solidifying its lead in the layer 2 scaling race.
🌐 Circle announced the launch of its USDC stablecoin on the Sui blockchain, marking its 15th network integration and further expanding its reach.
🔮 Wintermute is set to launch OutcomeMarket, a multi-chain predictions market beginning with TRUMP and HARRIS tokens, leveraging tamper-proof data from Chaos Labs' oracle.
💼 Prager Metis, FTX's former auditor, agreed to pay $1.95 million to settle SEC allegations of negligence and violating auditor independence rules.
Today in Crypto Adoption...
🌍 Circle expanded its USDC stablecoin services to Brazil and Mexico, enabling instant conversions between local currencies and USDC via the PIX and SPEI payment systems.
The $$$ Corner…
🐉 Venture firm Dragonfly aims to raise $500 million for its fourth fund, building on the success of its previous oversubscribed $650 million fund.
🗂️ Vana, a Web3 startup focused on building decentralized data pools for AI training, secured an additional $5 million led by Coinbase Ventures, bringing its total funding to $25 million.
🎲 Limitless Labs raised $3 million in a pre-seed round led by 1confirmation to launch a fast-expiring, user-created prediction market on the Base blockchain network.
What Do You Meme?
📈 Your Market Update 📉
BTC is up 0.8%, trading at $59,579
ETH is down 1%, trading at $2,288
BTC dominance: 54.9%
Crypto market cap: $2.15T
*All data as of today, 06:30 am ET. Source: CoinGecko
Recommended Reads
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