Around 100 people donated crypto to his campaign between May and the end of June, per the Journal, highlighting a niche appeal. Far more people contributed to his campaign in more traditional forms, via credit cards and the like. The Trump campaign raised $331 in the second quarter. Source
Spot Bitcoin (BTC) ETFs are doing well as their inflows accelerate, helped by institutional and retail investors. Data shows that ETFs, which were launched earlier this year, have added over $16.16 billion in inflows this year. This trend has beaten Bloomberg’s 12-month estimate of between $12 billion and $15 billion. Blackrock’s iShares Bitcoin Trust (IBIT) leads the market, having accumulated over 316k coins valued at over $18 billion. Fidelity’s Wise Origin Bitcoin Fund (FBTC) follows with over 176k coins. Other notable Bitcoin ETFs include Cathie Wood’s ARKB, Bitwise’s BITB, and…
Gains by NEAR (7.8%) and XRP (2.2%) buoyed the CoinDesk 20 Index in overnight trading. Source
Satoshi Protocol, a stablecoin protocol backed by Bitcoin (BTC), has successfully raised $2 million in its seed funding round led by CMS Holdings and RockTree Capital. The protocol, which enables Bitcoin holders to use their coins as collateral to mint the native SAT stablecoin, plans to use the funds to enhance network security and expand its integration across Layer-2 solutions, aiming for further traction within the ecosystem. Satoshi Protocol currently integrates with several Bitcoin protocols, including Bitlayer, BEVM, Omni Network, and Core Chain. The protocol recently collaborated with Binance’s Web3…
Decentralized finance (DeFi) platform LI.FI protocol has been hit by an exploit worth around $8 million following a series of suspicious withdrawals, on-chain data shows. Source
Popcat has emerged from the convergence of internet memes and cryptocurrency. The meme coin depicts a playful feline, and it serves as inspiration for this digital asset, which has captured the attention of investors and crypto enthusiasts as it tallies a new milestone. Related Reading Popcat Scales The Crypto Food Chain Popcat has been showing a big deal of resilience since it made a foray into the memecoin space in 2020. Fast forward four years, the token tallied an incredible 180% growth in value in 30 days. The coin achieved…
Due to varying levels of liquidity, meme coins historically perform well during periods where BTC and ETH are rangebound near local highs and perform poorly when the wider market is tumbling. Dogwifhat, for example, rose by more than 60% in May, while BTC traded between $66,000 and $69,000. Source
Loka, a decentralized Bitcoin mining pool, has partnered with Hashlabs to offer Bitcoin miners access to immediate liquidity via a new protocol. The partnership with Hashlabs, a sustainable energy mining provider with operations in Ethiopia, Finland and Kazakhstan, enables Loka to launch a permissionless protocol through which miners can sell future mining rewards. Eyeing the $10 billion BTC mining market Bitcoin mining is currently a $10 billion industry, and Loka aims to gain traction through a DeFi model that relies on renewable energy-powered sources to mitigate financial risks related to…
The digital revolution has touched nearly every aspect of modern life, and the online gaming industry is no exception. One of the most intriguing developments in this space is the adoption of Bitcoin, the world’s first and most well-known cryptocurrency. Brought by Slot.org, this story explores how Bitcoin is reshaping the world of online slot […] Original
The company’s previous proving system, Plonky2, was introduced in 2022 as “a single proving system focused on lightning-fast recursion by optimizing for hardware,” Polygon wrote in the press release, whereas Polygon Plonky3 is an “open-source toolkit that empowers ZK developers to build their own” virtual machines based on ZK cryptography. Source