Crypto News Today – July 4th, 2024

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

Joe Biden Replacement Memecoins Soar as Dropout Speculation Rises

Speculation about President Joe Biden’s potential withdrawal from the 2024 race surged following a New York Times report, with Polymarket odds jumping from 55% to 80%. This has led to a significant increase in the value of meme coins tied to potential Biden successors. Despite White House denials, the rumors continue to drive market volatility and investor interest in these politically themed cryptocurrencies. Read all about it on the TDR Website!

IOTA Foundation Funds New Lab at Imperial College London 

Imperial College London has launched a new lab dedicated to blockchain research, backed by a £1 million donation from the IOTA Foundation. The lab aims to advance the development of distributed ledger technologies and foster innovation in the blockchain space.

Court Orders $84M Restitution in Crypto Ponzi Scheme 

A U.S. federal court has ordered Sam Ikkurty and his firm, Jafia LLC, to pay $84 million for operating a crypto Ponzi scheme. The judgment aims to compensate defrauded investors and restore confidence in financial markets.

Bitcoin’s Volatility and Bold Predictions 

Bitcoin’s price dipped below $61,000, yet some traders remain bullish, predicting it could still reach $150,000 by the end of the year. The market continues to be highly volatile, influenced by various macroeconomic factors and investor sentiment.

Miners Capitulate as Bitcoin Bottom Nears 

CryptoQuant reports that Bitcoin miners are capitulating, a signal often indicative of a market bottom. This trend is reminiscent of the miner behavior seen during the FTX implosion, suggesting potential upcoming stability or rebound in Bitcoin’s price.

Predicting the Next President Using Decentralized Markets 

Decentralized markets are being used to predict the outcome of the next U.S. presidential election. From Biden to Trump, these markets are leveraging blockchain technology to provide insights and potentially profit from political forecasts.

Read more crypto news on the TDR Website! 

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