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Crypto News Today – June 27, 2024
Welcome to “Crypto News Today,” your daily recap of significant happenings in the cryptocurrency industry.
Cryptocurrency Giants Influence 2024 US Elections With $169 Million Election Fund
Cryptocurrency giants, including Coinbase and Ripple, are investing heavily in political influence ahead of the 2024 elections, contributing significant funds to super PACs and lobbying to shape future cryptocurrency regulation in the United States. The goal is to bridge the gap between politicians and the cryptocurrency community, which has been underrepresented in the political process. Read all about it on the TDR website!
Bitcoin’s bull run is far from over
Renowned analysts continue to claim that Bitcoin’s current bull run is far from over, with the cryptocurrency expected to reach new heights. Following recent corrections, Bitcoin’s price remains strong, supported by the upcoming halving event which historically triggers significant price increases. CryptoQuant reports that market fundamentals, such as low new investment flows and strong on-chain metrics, point to sustained growth potential. Analysts at Standard Chartered and Bernstein predict that Bitcoin could reach $150,000 by the end of 2025.
Crypto Super PAC Scores Primary Wins
A cryptocurrency-focused Super PAC made significant strides in recent U.S. primaries, scoring crucial victories and setting the stage for substantial spending in the general election. The PAC aims to influence political decisions in favor of the cryptocurrency industry, using its success to advocate for regulatory clarity and favorable legislation. With recent victories, the Super PAC plans to step up its efforts and expand its influence ahead of the general election.
Report criticizes cryptocurrency airdrops
A new report has highlighted significant problems with the current crypto airdrop model, suggesting they are inherently flawed. The findings indicate that airdrops often fail to achieve their intended goals of widespread distribution and engagement. Instead, they tend to benefit a small group of insiders and experienced traders who are best positioned to capitalize on these distributions.
Now raises $20 million for AI dApps
Now, a company focused on improving the design space for AI-powered decentralized applications (dApps) has successfully raised $20 million in its latest funding round. This investment will support Ora’s efforts to develop innovative tools and platforms that integrate artificial intelligence with blockchain technology. The company aims to facilitate the creation of more advanced and efficient dApps, potentially transforming various industries through its pioneering work.
Read more cryptocurrency news on the TDR website!