Crypto News Today – July 18, 2024
Welcome to “Crypto News Today,” your daily summary of the Crypto Industry.
Bitcoin and Ethereum See $50 Million in Short Liquidations
Bitcoin (BTC) and Ethereum (ETH) have experienced over $50 million in short liquidations within the past 24 hours, according to data from Coinglass. Bitcoin saw more than $30 million in short liquidations, while Ethereum accounted for over $21 million. Please read all about it on the TDR Website!
Cypherpunk Holdings Provides Update on Solana Activities
Cypherpunk Holdings Inc. (CSE: HODL, OTC Pink: CYFRF) has released a corporate update detailing its current Solana holdings and staking activities. The company continues to focus on expanding its presence in the Solana ecosystem.
State Street Explores Creating a Stablecoin
State Street is investigating the possibility of creating its own stablecoin. This initiative is part of the financial institution’s broader strategy to integrate blockchain technology into its services.
U.S. Seeks to Forfeit $2.5M for Pig Butchering Scam Victims
The U.S. government is seeking to forfeit $2.5 million to compensate victims of a “pig butchering” crypto scam. Efforts are ongoing to locate and return funds to those affected by this fraudulent scheme.
TON Foundation Announces Trustless Bitcoin Bridge
The TON Foundation has announced the development of a trustless Bitcoin bridge. This new technology aims to facilitate seamless interoperability between Bitcoin and The Open Network (TON).
Crypto OTC Spot Trades Boom 95% in H1 2024
Over-the-counter (OTC) spot trades in the crypto market have surged by 95% in the first half of 2024. This significant increase highlights the growing demand for private, large-scale transactions in the crypto space.
SEC Commissioner Peirce Suggests Reconsideration of Staking for Spot Ether ETFs
SEC Commissioner Hester Peirce has indicated that staking for spot Ether ETFs may be reconsidered. This potential policy shift could impact the regulatory landscape for Ethereum-based financial products.
Vitalik Buterin Cautions Against Supporting Candidates Solely for Pro-Crypto Stances
Ethereum co-founder Vitalik Buterin has advised against supporting political candidates based solely on their pro-crypto positions. He emphasizes the importance of considering a broader range of policies and values.
Mark Cuban Links Silicon Valley’s Support of Trump to Crypto
Mark Cuban has suggested that Silicon Valley’s growing support for Donald Trump is largely driven by the crypto sector. He believes this alignment reflects a strategic move to influence favorable regulations.
Anthony Scaramucci Criticizes Democrats’ Crypto Policies
SkyBridge Capital’s Anthony Scaramucci has criticized the Democratic Party’s approach to crypto regulation, calling it a “horrific mistake.” He argues that more supportive policies are needed to foster innovation and growth in the crypto industry.
Read more crypto news on the TDR Website!
