Tag Archives: us

As the US presidential race becomes more intense with less than a month away until Election Day, data from last week suggests that digital asset inflows have surged to $2.2 billion. This figure marked the highest level since July, spurred by optimism for a potential Republican success in the election. Inflows Surge Amid US Election Optimism According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, the trading volumes of investment products have...

Orbitt MM now boosts volume for Pump.Fun memecoins, enhancing Solana projects. The integration enables new tokens to achieve attention and sustainability on Solana. Orbitt, the Solana (SOL) project accelerator, has announced a substantial enhancement to its market-making service, which now supports volume boosts for Pump.Fun Tokens for a great time. This change is expected to boost the success of the new Pump.Fun projects that benefit the larger Solana nature. Beginning September 6, Orbitt MM...

Coinbase has expressed the belief that young, pro-crypto voters might influence the 2024 US presidential elections and potentially could become the deciding factor on who wins. In a report released on August 19, the exchange states that Gen Z and Millennials—who now represent 40% of the electorate—are increasingly supporting candidates who advocate for crypto and financial innovation. Crypto’s Growing Appeal Ahead of 2024 Elections According to the blog, younger Americans are...

Binance plans to hire 1,000 new employees this year, with a substantial focus on compliance roles. A large portion of these hires is specifically aimed at expanding the company’s compliance team from its current 500 members to 700 by the end of 2024. CEO Richard Teng, who is currently in the US for discussions with monitors and officials, shared these hiring targets in an interview with Bloomberg News in New York on Wednesday. Focus on Compliance Bloomberg’s report revealed...

Tron founder Justin Sun has urged China to reconsider its stance on cryptocurrency and embrace friendly policies. Sun’s call to action comes in the wake of former President Donald Trump’s speech at the Bitcoin 2024 event, where the former President pledged to prevent China from dominating the global digital asset industry. Sun Sees US-China Crypto Rivalry as a Positive Force In a July 28 post on X, Sun urged China to advance its crypto regulations in response to former...

Amidst significant backlash for opting not to speak at the Bitcoin Conference, Vice President Kamala Harris has found an ally in SkyBridge founder Anthony Scaramucci. Voicing his support for the presumptive Democratic presidential nominee, Scaramucci criticized the ongoing narrative suggesting Harris’s administration’s hostility towards crypto. He contrasted this with former President and Republican nominee Donald Trump’s history of calling Bitcoin a “scam” as recently as...

President Joe Biden’s withdrawal from the 2024 election race caused a significant stir in the crypto market. Bitcoin initially fell by 3% in response to the news but later recovered and even tapped a multi-week peak. According to Bitfinex analysts, this was a knee-jerk reaction to temporary uncertainty in the market. By Monday morning, Bitcoin had climbed 0.9% over the past 24 hours, reaching over $68,000 for the first time since early June. Now all eyes are on what...

Despite the lower spot price overnight, data suggests considerable institutional interest in December 2024 $100,000 calls. This indicates an even stronger confidence in a year-end rally for the world’s largest crypto, particularly as the likelihood of former US President Donald Trump’s victory rises. Sizeable Institutional Interest In its latest update, crypto trading firm, QCP Capital said that Bitcoin price action has been resilient despite ongoing challenges such as the...

Ripple has contributed $1 million to back XRP advocate John Deaton in his campaign against Senator Elizabeth Warren in the Massachusetts Senate race. The funds are being channeled to the Commonwealth Unity Fund, a new super PAC created by attorney James Murphy, who contributed $50,000 on April 15 to the cause. Ripple’s Support For XRP Advocate Deaton In February, John Deaton officially entered the race for the GOP nomination for the U.S. Senate in Massachusetts to challenge...

The German government has moved another stash of its seized Bitcoin to some of the world’s top crypto exchanges, stirring new fears of a possible liquidation of its Bitcoin reserves. Despite the latest transfers, it currently possesses Bitcoins worth around $2.82 billion. Germany’s Bitcoin Transfers Continues According to an update by Lookonchain, the German government has made a significant Bitcoin transaction, moving 1,500 BTC on July 1st. The latest stash is worth a...