Crypto Investment Firm Multicoin Capital To Match Up to $1,000,000 in SOL Donations for Pro-Crypto Candidates

July 8, 2024 The Daily Hodl

Crypto Investment Firm Multicoin Capital To Match Up to ,000,000 in SOL Donations for Pro-Crypto Candidates

Altcoins

A crypto investment firm says it’s looking to double the impact of digital asset donations made to help finance the campaigns of pro-crypto candidates. Multicoin Capital co-founder Tushar Jain says on the social media platform X that the firm is backing the Sentinel Action Fund, a conservative super political action committee (PAC) advancing pro-crypto candidates. […]

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Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

EU–US Financial Forum Highlights Cooperation on Crypto Regulation

July 4, 2024 Bitcoin.com

bitcoin.com

The EU–U.S. Joint Financial Regulatory Forum took place last week, with participants exchanging views on topics of mutual interest as part of their regular financial regulatory dialogue. The dialogue was hosted by the European Commission and the U.S. Department of the Treasury. During the forum, participants discussed digital finance and crypto assets, focusing on regulatory […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Alameda-Backed Mining Firm Genesis Digital Assets Considering IPO in US: Report

July 3, 2024 The Daily Hodl

Alameda Research

A Bitcoin (BTC) mining firm backed by disgraced FTX founder Sam Bankman-Fried is reportedly considering an initial public offering (IPO) in the US. According to a new report by Bloomberg, anonymous sources familiar with the matter say that Genesis Digital Assets, which is backed by Alameda Research, is currently working with advisors on the potential listing. […]

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Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Biden-Trump debate: Crypto goes completely unmentioned

June 28, 2024 Coin Telegraph

America

Joe Biden and Donald Trump didn’t discuss crypto in their first head-to-head debate despite a multibillion-dollar crypto lobbying war chest to influence the elections.

United States President Joe Biden and former President Donald Trump didn’t mention crypto once in their 90-minute debate on Thursday despite crypto lobbyists raising millions of dollars for this election cycle.

The first of two CNN-hosted debates, held on June 27, focused on each presidential hopeful’s economic plans, abortion rights, immigration and foreign policy. It also briefly touched on their mental capabilities, with Biden, 81 and Trump, 78, the oldest candidates to ever run for president.

Despite a trio of crypto-backed super political action committees (PACs) raising $202.8 million from large industry backers and spending $93.6 million to influence the 2024 elections, the crypto sector received no mention.

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Julian Assange freed from jail after plea deal with US

June 24, 2024 Coin Telegraph

charge

The Wikileaks founder is expected to plead guilty to one U.S. charge and be sentenced for time served in a U.K. prison.

Julian Assange was freed from a London prison on Monday after more than five years and will not be extradited to the United States after agreeing to a plea deal with authorities.

The WikiLeaks founder agreed to plead guilty to one count of conspiracy to obtain and disclose U.S. national defense information, Reuters reported on June 24 citing U.S. prosecutors filings in the U.S. District Court for the Northern Mariana Islands.

In return, he is likely to be sentenced to 5 years, 3 months time served — which he’s spent in London’s Belmarsh Prison since being jailed there in April 2019.

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Bitcoin ETFs sucked up 2 months of BTC mining supply in first week of June

June 10, 2024 Coin Telegraph

Bitcoin

In the first full trading week of June, U.S. Bitcoin ETFs acquired almost as much Bitcoin as they did in the entire month of May.

Spot Bitcoin exchange-traded funds (ETFs) in the United States acquired the equivalent of around two months’ worth of the cryptocurrency’s mining supply in the first week of June.

With inflows of approximately $1.83 billion, the 11 ETFs bought 25,729 Bitcoin (BTC) in the trading week between June 3 and 7 — around eight times more than the 3,150 new BTC mined over the same time, according to data from HODL15Capital.

The amount of Bitcoin acquired in the week alone was almost as much as the entire of May, 29,592 BTC, per HODL15Capital’s count, and is the biggest week of buying since mid-March when Bitcoin hit its current all-time high of $73,679.

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Coinbase chips in another $25M to crypto super PAC Fairshake

June 4, 2024 Coin Telegraph

Coinbase chips in another M to crypto super PAC Fairshake

Biden

Coinbase has joined Andreessen Horowitz and Ripple in donating $25 million to the crypto-focused super PAC ahead of the United States elections.

Crypto exchange Coinbase says it donated $25 million to crypto-focused super political action committee (PAC) Fairshake as it ramps up lobbying ahead of the November United States elections.

In a June 3 blog post, Coinbase CEO Brian Armstrong said the latest donation brings the total amount raised by the PAC and its affiliates to $160 million this election cycle. The amount matches donations last week from Ripple and venture firm Andreessen Horowitz.

“Crypto voters won’t be taken seriously until we send a clear message to political candidates that it is bad politics to be anti-crypto,” Armstrong wrote. “We need to support pro-crypto candidates on both sides of the aisle, and unceremoniously vote anti-crypto candidates out of office.”

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Economist Jim Rickards: The Global Clearance and Settlement System Might Collapse After Seizure of Russian Assets

June 3, 2024 Bitcoin.com

bitcoin.com

Jim Rickards, an economist and author of the best-selling book ‘Currency Wars,’ has issued an alert about the possible collapse of the global clearance system. In a recent interview, Rickards noted that Euroclear, a settlement service, holds $200 billion in Russian assets. He further explained that Euroclear could face lawsuits if Western countries seize these […]

Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

China Dumps $101,900,000,000 in US Treasuries in 12 Months As Fed Governor Dismisses ‘Imminent Demise’ of US Dollar

June 1, 2024 The Daily Hodl

China Dumps 1,900,000,000 in US Treasuries in 12 Months As Fed Governor Dismisses ‘Imminent Demise’ of US Dollar

bonds

New numbers show China has sold $101.9 billion in US Treasury securities over the past 12 months. The Treasury Department says China cut its holdings from $869.3 billion in March of last year to $767.4 billion in March of this year. China’s holdings have steadily dropped from an all-time high of $1.31 trillion, which was […]

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Russia Using Bitcoin to Bypass Sanctions – Is the Global Financial System Cracking?

Robinhood nears settlement on GameStop, meme stocks suit

May 30, 2024 Coin Telegraph

Coin Telegraph

Trading platform Robinhood is finalizing a settlement with investors who claimed they were burned by its 2021 meme stock buy block.

Trading platform Robinhood is working to finalize a settlement with investors who sued it for halting the trading of certain meme stocks in 2021, including GameStop.

In a May 28 filing to a Miami federal court, Robinhood’s lawyers said it is “in the process of finalizing the settlement” with the group of investors and expects settlement and dismissal in the next two weeks.

The filing did not include the settlement’s details. Robinhood, its counsel and the investor group’s counsel did not immediately respond to requests for comment.

US

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