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Elon Musk Says: "I'm Not Going to Be Promoting Crypto"
Serial tech entrepreneur Elon Musk has taken part in today’s X Takeover podcast hosted by the Tesla Owners Silicon Valley account. It was held on Musk’s X social media platform.
When asked to share his current take on the world’s leading cryptocurrency, Musk responded that he does think “there is merit in Bitcoin and maybe some other cryptos.” The tech mogul admitted that he has a soft spot for the original meme cryptocurrency, Dogecoin, because he likes “dogs and memes.”
However, Musk made it clear that he does not intend to promote crypto...any crypto. The maximum he would do, though, he added, was to do it “in a joking way.” He also said that if anyone sees a video where he is pumping crypto, that is a deepfake.
https://u.today/elon-musk-says-im-not-going-to-be-promoting-crypto
💧 Top Funding Rounds in the Last 7 Days
👉 https://dropstab.com/insights/latest-fundraising-rounds
💧 Top 10 Gainers in the Last Week
👉 https://dropstab.com/tab/top-gainers
Ledger has introduced Ledger Flex and Ledger Stax
https://x.com/Ledger/status/1816855104353427753
The crypto market is growing
BTC Dominance - 55.04%
Market Cap - $2.49T
BTC - $69,347.86 (+1.98%)
ETH - $3,348.54 (+3.28%)
BNB - $592.4 (+2.02%)
ZRO - $4.59 (+2.46%)
ZK - $0.162 (+2.26%)
STRK - $0.54 (+1.55%)
https://dropstab.com
Eclipse will launch the mainnet next week
https://x.com/EclipseFND/status/1816848501546057998
The crypto market is neutral
BTC Dominance - 55.05%
Market Cap - $2.44T
BTC - $67,989.19 (+0.2%)
ETH - $3,240 (-0.29%)
BNB - $580.9 (-0.51%)
ZRO - $4.49 (-2.46%)
ZK - $0.1587 (-0.38%)
STRK - $0.532 (-0.18%)
W - $0.2932 (+0.88%)
https://dropstab.com
Gemini co-founder Tyler Winklevoss said that the next SEC chair must be named before US election
https://cointelegraph.com/news/united-states-sec-chair-reveal-election-cryptocurrency-industry-gemini-tyler-winklevoss
Spot ETF Flow for 26.07: BTC-ETF +$51,8M, ETH-ETF -$162,7M
https://farside.co.uk/?p=997
The crypto market is growing
BTC Dominance - 54.94%
Market Cap - $2.44T
BTC - $67,864.21 (+1.32%)
ETH - $3,249.81 (+0.02%)
BNB - $582.7 (+0.81%)
ZRO - $4.6 (+1.76%%)
ZK - $0.1588 (-0.09%)
STRK - $0.532 (+1.76%)
https://dropstab.com
Bitstamp distributed all BTC and BCH to Mt.Gox creditors
https://x.com/Bitstamp/status/1816844789716861390
Synnax is launching its Telegram mini app SynQuest in August
https://x.com/synnaxtech/status/1816821487258788205
💧 Top DEXs by Trading Volume Growth in the Last Week
👉 https://dropstab.com/categories/dex
Asset manager Blackrock sees “very little interest” among clients in crypto beyond Bitcoin (BTC) and Ethereum (ETH) and doesn’t foresee many crypto exchange-traded funds (ETFs) outside of those two core digital assets, according to Robert Mitchnick, BlackRock’s head of digital assets, speaking at the Bitcoin2024 conference on July 25 in Nashville, Tennessee.
https://cointelegraph.com/news/blackrock-foresees-very-little-interest-crypto-etfs-beyond-bitcoin-ethereum-bitcoin2024
RFK Jr. says he'd make the government buy $615 billion in Bitcoin
If elected, Kennedy says he wants the United States’ Bitcoin reserves to match its gold reserves.
https://decrypt.co/241670/rfk-government-buy-615-billion-in-bitcoin
OKX has announced that USDT-margined pre-market futures for HMSTR will be enabled at 10:00 UTC on Aug 1, 2024
https://www.okx.com/help/okx-to-list-pre-market-futures-for-hmstr-crypto
✨ New Coins in Accumulation Phase Backed by Top Tier VCs
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A recent proposal passed by Compound Finance’s DAO has sparked claims of a governance attack after a small group led by whale Humpy amassed enough tokens on the open market to help narrowly pass their proposal over the objections of many community members.
The proposal allocates 499,000 COMP tokens, currently worth about $24 million, to a yield-bearing protocol controlled by ‘the Golden Boys,’ the group led by Humpy which pushed the proposal through and has allegedly undertaken similar DAO-hijacking behavior in the past.
https://www.theblock.co/post/307943/24-million-compound-finance-proposal-passed-by-whale-over-dao-objections
Edward Snowden Highlights at Bitcoin 2024
Snowden raised concerns about Bitcoin’s privacy issues. He noted that bitcoin transactions are not anonymous and can be traced back to individuals, which poses risks to personal privacy.
https://news.bitcoin.com/edward-snowden-highlights-political-pitfalls-and-privacy-issues-in-btc-at-bitcoin-2024-event/
Highlights from Donald Trump's speech at Bitcoin 2024
1. On day one I will fire Gary Gensler and appoint a new SEC chairman.
2. Create a US Government strategic national Bitcoin stockpile if elected.
3. US Government will keep 100% of Bitcoin it owns
4. Bitcoin is going to the moon.
5. Never sell your Bitcoin
6. Bitcoin will one day probably surpass the market cap of Gold.
7. There will never be a CBDC while I am President of the United States.
8. Bitcoin and crypto will skyrocket like never before if elected president.
9. Bitcoin is not threatening the dollar, the current U.S. government is threatening the dollar.
10. The United States will be the crypto capital of the planet and the Bitcoin superpower of the world.
11. Bitcoin stands for freedom, sovereignty, and independence from government coercion and control.
12. I pledge to the Bitcoin community that the day I take oath of Office, Joe Biden and Kamala Harris' anti-crypto crusade will be over.
https://www.youtube.com/watch?v=EiEIfBatnH8
Highlights from Michael Saylor's speech at Bitcoin 2024
1. The world economy is based on outdated 20th century ideas and technologies. New ideas and technologies are needed to thrive in the 21st century. The modern financial system is slow and expensive. For example, stock markets operate for limited hours and weekend transactions are impossible.
2. Of the $900 trillion in global wealth, about half ($450 trillion) is held as long-term capital. This is the portion that Bitcoin could potentially replace. So far, Bitcoin only holds 0.1 per cent.
3. Traditional financial and physical assets are subject to inflation, taxes, depreciation and other factors that reduce their value over time. And Bitcoin is a digital asset that is immortal, immutable and intangible. It solves the problem of capital preservation.
4. Saylor offers different strategies for investing in Bitcoin, from the diversified portfolio to the triple maxi, which invests everything in bitcoin and even takes out loans to buy it.
5. Sailor predicts that by 2045, bitcoin could be worth $13 million per coin and represent 7 per cent of the world's assets.
6. The first country to start buying Bitcoin will have a huge advantage.
7. Saylor suggests that AI and new technologies will boost the economy, but Bitcoin remains key to solving financial problems.
8. Saylor concludes that Bitcoin is the ‘cyber Manhattan’ where hundreds of trillions of dollars of capital will flow in the future.
https://www.youtube.com/watch?v=O9KnBcWMkpw
The Abstract Testnet is now live
Abstract is a ZK rollup using EigenDA to build the Pudgy Penguins NFT ecosystem.
https://x.com/AbstractChain/status/1816926655740305775
Ethereum gas price has fallen to 2 gwei
https://etherscan.io/gastracker
Bybit Launchpool has introduced L3, the utility token of Layer3.
Event Period: Jul 30, 2024, 10:00 UTC – Aug 6, 2024, 10:00 UTC
1. L3 Pool
- Total Rewards: 5,000,000 L3
- Minimum Staking Amount: 3,500 L3
- Maximum Staking Amount: 166,667 L3
2. MNT Pool
- Total Rewards: 3,333,333 L3
- Minimum Staking Amount: 100 MNT
- Maximum Staking Amount: 5,000 MNT
3. USDT Pool
- Total Rewards: 8,333,334 L3
- Minimum Staking Amount: 100 USDT
- Maximum Staking Amount: 2,000 USDT
L3 Listing: Jul 30, 2024, 10:00 UTC
https://announcements.bybit.com/article/bybit-launchpool-stake-l3-usdt-or-mnt-to-earn-a-share-of-16-666-667-l3--bltabe96891ec92d8f0/
$108 billion VanEck CEO says he owns “way over 30%” of his portfolio in Bitcoin
https://x.com/BitcoinMagazine/status/1816848786284532133
OKX and Bitget will list Layer3 (L3) on July 30th at 10:00 UTC
https://x.com/layer3xyz/status/1816750114142134748
💧Current state of the market in our weekly overview
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Sophon added AZUR, USDT, WBTC pools for farming
https://x.com/sophon/status/1815767060774834329
Spot ETF Flow for 25.07: BTC-ETF +$31.1M, ETH-ETF -$152.4M
https://farside.co.uk/?p=1518
Jersey City is in the process of allocating its pension fund to buy Bitcoin ETFs, according to Mayor of Jersey City
https://x.com/StevenFulop/status/1816452663191450015