Crypto News Today – July 11th, 2024
Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.
Republicans Favor Crypto, Paradigm Poll Shows Strong Trump Support
A Paradigm poll reveals strong crypto support among Republicans, especially younger and non-white members, with 35% of non-white Republicans and 45% of Republicans under 40 owning cryptocurrencies. The poll also highlights significant dissatisfaction with traditional financial institutions and a desire for clear congressional action on crypto regulations. Read all about it on the TDR Website!
Goldman Sachs to Launch Tokenization Projects
Due to regulatory concerns, Goldman Sachs is set to launch three tokenization projects targeting institutional clients. These projects will streamline asset management and debt issuance processes by focusing on permissioned networks and private blockchains.
Siacoin Surges
Siacoin has jumped 29% amid renewed interest in its decentralized storage network, highlighting the growing demand for secure, decentralized data solutions.
CFTC Chairman’s Statement
CFTC Chairman declared that 70-80% of cryptocurrencies are non-securities, impacting the regulatory landscape and potentially easing compliance burdens for many crypto projects.
Circle Mints USDC on Solana
Circle has minted $250 million USDC on the Solana blockchain, expanding its footprint in the fast-growing decentralized finance (DeFi) ecosystem.
Kraken and Coinbase Form Council
Kraken and Coinbase have formed a Blockchain Council to develop crypto security standards, aiming to enhance trust and security within the crypto industry.
Bitcoin Miners and AI Data Centers
Bernstein reports that Bitcoin miners are becoming attractive partners for building artificial intelligence data centers, leveraging their experience in managing large-scale data operations.
Bitcoin Mining Difficulty Drop
CryptoQuant notes that the recent drop in Bitcoin mining difficulty is comparable to the FTX collapse, signaling potential challenges for miners but also opportunities for new entrants.
Read more crypto news on the TDR Website!
