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Crypto News Today – July 23, 2024

Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.

The SEC has approved exchange-traded funds (ETFs) for Ethereum, enabling easier access to the cryptocurrency for traditional investors. Analysts expect significant investment inflows, which could impact Ethereum’s price, although these inflows might be smaller compared to those seen with Bitcoin ETFs. Read the full article on the TDR Website!

Crypto investors have invested $3.2 billion into digital asset products over the last three weeks, according to CoinShares, showing bullish sentiment. Last week alone saw $1.35 billion in investments, with ETFs and crypto-backed funds experiencing a 45% increase in weekly volume.

Polymarket bettors are speculating on whether Trump will announce plans for a U.S. Bitcoin strategic reserve at an upcoming conference. Experts doubt this proposal due to practical and regulatory challenges, with analysts citing Bitcoin’s volatility and the current regulatory environment as significant obstacles.

Upcoming U.S. elections are expected to increase crypto market volatility, with potential regulatory changes influencing investor behavior. QCP Capital suggests the Nashville Bitcoin conference could trigger price swings, especially if Trump promises a strategic national Bitcoin reserve.

Polymarket trading has surged as the 2024 election enters uncharted territory, reflecting high market interest and uncertainty. Bets on the U.S. presidential election winner exceeded $300 million, with $200 million on the Democratic nominee and $10 million on the party’s VP choice.

Real Bedford FC, a nonleague football club in the UK, has acquired an additional $4.5 million worth of Bitcoin, totaling 66.9 BTC. Backed by Winklevoss Capital and led by Peter McCormack, the club now holds 82.7 BTC in its treasury, with plans to advance into higher leagues and integrate Bitcoin into its operations.

Read more crypto news on the TDR Website! 


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