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Insider
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Why both Trump and Kamala are courting the crypto-bro vote
- Crypto corporations have dumped some $119 million into this year's federal elections, more than any other industry.
- Both former President Donald Trump and Vice President Kamala Harris are courting the crypto community for votes and donors.
- Trump has embraced the crypto community through making promises of creating a national bitcoin stockpile and writing crypto regulations with love instead of hate.
- Harris' efforts are more subtle but have been making overtures to the crypto industry for weeks, seeking to reset the relationship between the industry and the administration.
- For Trump, crypto is a natural fit as its fans/users/investors are disproportionately young men, a constituency that the Republican nominee is courting.
- Crypto is low on the list of priorities for voters, but both candidates have taken notice of crypto's influence within the technology sector.
- The crypto industry has amassed significant financial power that it is willing to wield politically, which can be tough for politicians to ignore.
- Crypto companies don't want to make partisan enemies, so it's a good idea to have friends on both sides of the aisle.
- Ultimately, the point is to make nice with tech and try to win in November, while also trying to reset the relationship with the industry and put out feelers about meeting with firms such as Coinbase and Circle.
- Harris and Trump will likely continue to make appeals to the crypto community for votes and donors, but it is unclear what they will actually do on crypto policy.
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Crypto-News-Flash
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Crypto Markets Slump as CZ’s First Tweet Post-Release
- CZ's first tweet after his release failed to inspire a market rally, leading to a decline in Bitcoin and BNB.
- CZ mentioned his future plans to invest in blockchain, decentralized technologies, artificial intelligence, and biotech.
- Bitcoin's price declined by 1.69% in the last 24 hours, with a market cap of $1.2 trillion.
- BNB's price declined by 2.25% in the last 24 hours, with a market cap of $84.7 billion.
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Altcoinbuzz
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SEC Charges Mango DAO, Blockworks for Illegal Sales
- The SEC has charged Mango DAO and Blockworks for illegal sales of MNGO tokens.
- Mango DAO and Blockworks allegedly acted as unregistered brokers, endangering investors by not registering and removing key protections.
- Mango DAO and Blockworks raised over $70 million from the sale of MNGO tokens without proper legal channels.
- Mango DAO, Blockworks Foundation, and Mango Labs have agreed to settle the charges and pay nearly $700,000 in penalties.
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Coinpedia
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Bitcoin News: Will BTC Price Top $74K, 59% Agree on Polymarket!
- The BTC price is back below $65k, and the Ethereum sell-off continues, dropping ETH to $2,630.
- The BTC price forms a bearish engulfing candle and the previous bear cycles suggest a possible downfall.
- BTC price may retest the 50% Fibonacci level at $63,085, but a breakout rally above the channel can lead to a surge targeting $68,943 and $73,679 levels.
- 59% of Polymarket participants believe Bitcoin will reach a new all-time high in 2024.
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Newsbtc
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Record September Gives Bitcoin 82% Odds For An Ultra Bullish Q4: Analyst
- Crypto analyst Astronomer predicts an 82% probability of an ultra bullish Q4 for Bitcoin based on historical data.
- Astronomer highlights the positive performance of Bitcoin in September, suggesting a potential greenest September in 2024.
- The analyst notes a disconnect between public perception and actual market positions, with many not fully positioned for a bullish trend.
- Astronomer's analysis suggests that if September closes above $59k, there is an 82% chance of a bullish Q4.
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Altcoinbuzz
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Crypto Investor turns $1,300 into $3.4 million in 15 days
- A crypto investor turned $1,300 into $3.4 million in just 15 days.
- The investor sold 9.8 SOL to buy 38.7 million MOO DENG tokens on the Solana blockchain.
- The MOO DENG token experienced massive growth, resulting in the impressive profit.
- Some speculate that the investor may have had inside information or be a token developer.
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Altcoinbuzz
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Grayscale Launches XRP Trust for Investors
- Grayscale has launched the XRP Trust, providing accredited investors exposure to XRP, the digital asset that powers the XRP Ledger.
- The trust allows investors to buy shares reflecting the value of XRP in the form of a security, rather than directly buying XRP.
- XRP is a digital currency used for fast and cheap cross-border payments within the Ripple Network.
- Grayscale's XRP Trust simplifies the process of investing in XRP, eliminating the need for users to navigate cryptocurrency exchanges and storage.
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TheNewsCrypto
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Will Uptober Turn the Tide for Bitcoin (BTC) Momentum?
- Bitcoin price trades at $64.4K after losing 1.96% in the last 24 hours.
- BTC continues to stay in the greed zone in the market.
- Bitcoin (BTC) faces hurdles and a potential price correction.
- BTC expected to attempt reaching $65,825, while technical indicators remain neutral.
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Coinpedia
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Data Suggests Bitcoin Is Entering a Bull Market, but Santiment Warns of Bloodbath
- An analyst suggests that Bitcoin is entering a bull market due to macroeconomic factors and increasing global liquidity.
- The weakening of the U.S. dollar is expected to align with Bitcoin's bull market.
- Altcoins are likely to rally alongside Bitcoin as global liquidity continues to rise.
- Santiment warns that despite positive sentiment, Bitcoin may not reach a new all-time high anytime soon.
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Bitcoinsensus
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California AI Bill Veto on SB 1047
- California Governor Gavin Newsom has vetoed the AI bill SB 1047.
- He believes it proposes excessive regulation without effectively addressing real threats.
- Newsom calls for the development of workable guardrails for AI.
- He emphasizes the importance of adopting safety protocols without waiting for a major catastrophe.
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Bitcoinsensus
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California AI Safety Bill SB 1047 Got Veto
- California Governor Gavin Newsom has voted for an AI bill SB 1047, but sees it as over-regulation and not a defense against real threats.
- However, he did not dismiss the need for regulation and called for the development of workable guardrails.
- The purpose of the AI bill SB 1047 was to regulate AI technology capabilities and ensure responsible development.
- Tech industry and some politicians opposed the bill, while Elon Musk supported it with reservations.
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Cryptonews
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BTC Just Had Its Best September Since 2012, But Analysts Say Uptober Could Be Huge
- Bitcoin is on track for its fifth positive September close in its history.
- Despite a recent 2% drop and loss of around US$1.5K, optimism remains for an upward adjustment.
- Following historical patterns, a green September often precedes a bullish October.
- Analysts, noting significant stablecoin inflows and Chinese mining outputs, predict a major Q4 rally.
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Coinpedia
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Why is the Bitcoin Price Falling? Will it Form a new ATH in Q4 2024?
- The Bitcoin price is plunging after failing to hold the resistance at $65,500, indicating a probable bearish close for the month.
- Despite the current bearish influence, the positive trajectory for Bitcoin remains unchanged as it is expected to enter Q4 on a bullish note.
- The pullback in price may hinder the progress of the rally, but market conditions suggest a wider price action could follow in the mid of Q4.
- Bitcoin ETF-netflow, short-term holders back in profit, future market heating up, and spot ETH holdings transforming into long-term holders are indicators pointing towards a potential BTC rally and a new ATH above $75,000.
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Coin Telegraph
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Estonia shows AI-powered decentralized networks could transform US policy
- Estonia is a prime example of how smaller nations can leverage technology to enhance their economic and political standing.
- In the 1990s, Estonia saw the potential of digital technology to transform governance, citizen engagement, and economic growth.
- Through its 'e-Estonia' initiative, Estonia embraced the internet to create a more democratic, transparent, and efficient society.
- Key factors behind Estonia's success include promoting technical literacy, providing access to the internet, and establishing favorable policies for innovation.
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Newsbtc
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Former BitMEX CEO Arthur Hayes Backs Memecoin PEPE With $250,000 Bet
- Former BitMEX CEO, Arthur Hayes, has invested $250,000 in memecoin PEPE, signaling his optimism towards the memecoin sector.
- PEPE's value has surged following Hayes' investment, reaching its highest price in nearly three months.
- Hayes has also shown support for Mog Coin (MOG) and the Mother Iggy (MOTHER) token.
- The memecoin sector has gained significant traction and outperformed larger cryptocurrencies.
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