Grayscale criticized the SEC’s delay in approving their Digital Large Cap Fund ETF listing. The SEC initially approved the proposal but later halted the decision, violating the statutory deadline and established procedure.
Binance reportedly helped create the stablecoin for World Liberty Financial, linked to US President Donald Trump. The stablecoin, USD1, was launched on March 4, with a $2 billion investment from MGX announced on March 12. Eric Trump mentioned settling the investment using USD1.
Peter Schiff advised selling Bitcoin for silver as BTC reached new highs above $112,000. Schiff believes silver has more upside potential and limited downside compared to Bitcoin. Arthur Hayes also expressed bearish sentiment due to new debt issuance potentially draining liquidity.
High-leverage trader James Wynn deactivated his social media account after significant losses. His wallets reflect a balance of just $10,176, according to Arkham Intelligence and Hypurrscan. Before deactivating his account, Wynn changed his bio to “broke.”
Snoop Dogg sold out a collection of nearly a million NFTs on Telegram in 30 minutes, generating $12 million in sales. The NFTs, powered by the TON blockchain, include vintage cars, swag bags, a digital dog, and more. Winners and losers in the crypto market at the end of the week include Bitcoin at $117,967 and Ether at $2,962. Among the biggest altcoin gainers are MemeCore, Stellar, and Story, while Jito, OKB, and Pi are among the biggest losers. Attorneys representing Tornado Cash co-founder Roman Storm deny his involvement in hacking. Bitcoin’s rally to $118,600 in July could signal a parabolic rise to $200K or $300K, according to analyst apsk32. A Chinese creditor challenges FTX’s motion to halt payouts in restricted countries. Bitzlato co-founder Anatoly Legkodymov requests a US pardon after serving time for operating an unlicensed money transmitting business. France opens a criminal investigation into X for alleged algorithmic manipulation. Inside a 30,000 phone bot farm stealing crypto airdrops and other top magazine stories of the week. 1. The stock market saw a sharp decline today, with the S&P 500 dropping by 2.5%. This was largely due to concerns over rising inflation and interest rates, as well as uncertainty surrounding global trade tensions.
2. In other news, a new study found that 80% of Americans are not saving enough for retirement. The average retirement savings account balance is only $120,000, far below the recommended amount for a comfortable retirement.
3. The CDC reported a record number of flu cases this season, with over 30,000 confirmed cases in the past week alone. Health officials are urging people to get vaccinated and take preventative measures to avoid getting sick.
4. SpaceX successfully launched a new satellite into orbit today, marking another milestone for the private space company. The satellite will provide high-speed internet access to remote areas around the world, helping bridge the digital divide.
5. In sports news, the NBA announced that the All-Star Game will be held in Los Angeles next year. This will be the first time the city has hosted the event since 2018, and fans are already buzzing with excitement over the star-studded lineup and festivities planned.
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1. Bitcoin reaches new all-time high of $60,000, driven by increased institutional adoption and positive sentiment among retail investors.
2. Ethereum’s price surpasses $2,000 for the first time as decentralized finance (DeFi) and non-fungible tokens (NFTs) gain popularity.
3. Tesla announces purchase of $1.5 billion worth of Bitcoin, causing a surge in cryptocurrency market.
4. Cryptocurrency exchange Coinbase plans to go public through a direct listing on Nasdaq, with a valuation of over $100 billion expected.: Schiff Says Ditch BTC For Silver