Ethereum
Crypto News Today – July 26, 2024
Welcome to “Crypto News Today,” your daily digest of the AI industry.
Trump’s campaign has raised more than $4 million in cryptocurrency, marking a significant shift in political fundraising methods. The approach appeals to a tech-savvy demographic and highlights the growing acceptance of digital currencies in traditional finance. Read all about it on the TDR website!
Marathon Digital Holdings (NASDAQ: MARA) has purchased $100 million worth of Bitcoin, a move that underscores the company’s desire to increase its Bitcoin holdings and strengthen its position in the cryptocurrency market.
BlackRock’s Robert Mitchnick said Bitcoin ETFs are currently attracting more investor interest than Ethereum funds. While spot Ether ETFs have seen significant initial inflows, they have been dwarfed by outflows from Grayscale products, leading to a decline in Ethereum’s price.
VanEck predicts on CNBC that Bitcoin could reach $2.9 million by 2050, thanks to increased adoption, technological advancements, and regulatory clarity. However, they stress that this goal depends on significant changes in market infrastructure, legal frameworks, and broader economic factors.
Arkham Intelligence has integrated with Coinbase Wallet, allowing users to link their wallets to Arkham’s platform for detailed tracking of cryptocurrency holdings and transactions. This feature aims to improve transparency and analytics for users, leveraging Arkham’s expertise in de-anonymizing blockchain data.
Jito has released the code for a re-staking protocol on Solana, allowing decentralized applications to secure themselves with various cryptocurrencies. The move aims to expand the utility of staking by supporting multiple assets, unlike Ethereum’s EigenLayer, which is limited to Ether and its derivatives.
Staking in Ether ETFs is seen as inevitable, with many issuers optimistic about its future inclusion. Despite current regulatory challenges and restrictions, the growing interest in Ethereum and the potential benefits of staking leave the industry optimistic about eventual approval.
Bitfarms (NASDAQ:BITF) has released a new rights plan following the decision by the Ontario Securities Commission’s Financial Markets Tribunal to terminate its initial rights plan, which was intended to protect against Riot Platforms’ takeover bid. The new plan is intended to ensure that all shareholders are treated fairly in any takeover bid and will be in effect until shareholder ratification in October.
Paysafe and Alchemy Pay have partnered to improve global crypto payments, enabling users in 130 countries to purchase cryptocurrencies using over 40 fiat currencies. The collaboration integrates Paysafe’s payment solutions, including Skrill and NETELLER wallets, into Alchemy Pay’s Fiat On-ramp, improving payment options and reducing transaction friction.
Read more cryptocurrency news on the TDR website!