Andru

@jokky

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Donald Trump has announced that if re-elected as president, he will name Cantor Fitzgerald CEO Howard Lutnick to lead his transition team Cantor Fitzgerald has been a Tether custodian since late 2021. The company also launched a business for lending to customers secured by Bitcoin.

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Chaos Labs Raises $55 Million in Series A Funding Round The round was led by Haun Ventures, with participation from F-Prime Capital, Slow Ventures, Spartan Capital, Lightspeed Venture Partners, Galaxy Ventures, PayPal Ventures and others. Chaos Labs offers risk assessment tools for DeFi protocols.

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Bankrupt Celsius filed lawsuits against Tether, Badger DAO, Compound and Bancor In Tether's case, Celsius claims that some payments it made before bankruptcy were unfair and should be returned. In particular, the company demands the return of $2.4 billion in BTC. Tether denies this and calls the lawsuit an attempt to “knock out money.” The lawsuits against Badger DAO, Compound and Bancor, allege mismanagement that caused Celsius to suffer losses. Thus, Celsius is trying to recover funds through the courts in order to pay off its debts to creditors.

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Donald Trump reiterated that the US government should not sell cryptocurrency He also repeated his thesis that if the US does not get involved in cryptocurrency, China will. “It's like AI - whether you like it or not. If we don't do it, China or other people will. We cannot lag behind and cryptocurrency is precisely in this area,” Trump said.

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Goldman Sachs CEO David Solomon said Bitcoin has the potential to become a reserve asset However, he believes that cryptocurrency is still a speculative investment with no real use case, despite the underlying technology being "very interesting."

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BlackRock Head of Digital Assets Robert Mitchnick gave a short interview at the Bitcoin 2024 conference — BlackRock clients are primarily interested in BTC and a little in ETH. However, there is very little interest outside of these two assets. — ETF holders demonstrate a serious degree of long-term hodl. — IBIT has only had one day of negative flows in the 6.5 months since launching in January. The situation is expected to change over time, with more days with negative flows likely to occur. — Bitcoin ETF is an extremely successful product, but it is not yet in demand among institutions or consultants. This will likely change later this year or later. — Independent consultants usually allocate 2–3% of their capital to Bitcoin. — The company expects that in the long term the demand for ETH ETF will be about 20-25% of the demand for Bitcoin ETF. — Bitcoin is very highly correlated with risky assets and depends on low interest rates.

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Bloomberg analyst James Seyffart reported that on the first day of trading, the total inflow into spot Ethereum ETFs amounted to $107 million In turn, the total trading volume exceeded $1.1 billion. The outflow of funds from Grayscale's ETHE fund amounted to $484 million.

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Donald Trump still intends to give a speech at the Bitcoin 2024 conference The conference will be held in Nashville from July 25 to 27. Previously, there was an assassination attempt on Trump, as a result of which he was wounded in the ear.

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Chicago Board Options Exchange (CBOE) has filed to list spot ETFs on Solana from VanEck and 21Shares Bloomberg analyst Eric Balchunas believes that the ETF's approval will depend on a change in government. The final decision on the SOL ETF will have to be announced by mid-March 2025.

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Mt Gox moved 47,229 BTC to new addresses The exchange is likely preparing for the July payments, which it announced earlier. The company must return 142,000 BTC ($8 billion), 143,000 BCH ($45.9 million) and $428.7 million in cash. There is a possibility that some users may start selling their recovered assets, which could affect the market.

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The founder of BlockTower said that the SEC has launched investigations into some venture capital funds BlockTower Capital founder Ari Paul said the Securities and Exchange Commission (SEC) has launched a series of investigations into venture funds. In particular, this was due to the fact that some of them act as securities dealers. Ari believes that the SEC is “right on this issue,” since some funds agree to promote tokens for a discount, thereby participating in pump-dump schemes.

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Japanese Metaplanet acquired BTC for $1.2 million Japanese company Metaplanet purchased an additional 20.2 BTC for $1.2 million. In total, the company holds 161.3 BTC. Metaplanet previously announced that it would pursue a Bitcoin strategy.

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"The Maze Runner 4" release date has been confirmed "The Maze Runner" is a dystopian sci-fi film about a group of teenagers who, having lost their memories, find themselves in a walled underground area called the Glade. They soon realize that the only way out is a maze beyond the walls, but this maze is full of dangerous creatures and closing doors that change every night. The release date of the new film has not yet been announced, but it will have to wait at least until 2026.

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Paradigm Raises $850 Million for New Crypto Fund Paradigm has raised $850 million for a new crypto fund. The company will invest in projects in the early stages of development.

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Mint Farcaster: Kangaroo

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