Business
Large scale liquidations, a spike in memecoin trading activity and heavy losses across prediction markets followed U.S. President Joe Biden’s announcement that he will be dropping out of the election race.
Regulation
Biden has endorsed his Vice President to be the Democratic nominee, but her nomination is not a done deal, and there are other candidates with significant views on crypto.
DeFi
The Rho Markets hackers said they were willing to fully return funds as long as the protocol admits the issue resulted from a misconfiguration on their end.
Bitcoin
Balances across US spot bitcoin ETFs have hit a record high of 900,636 BTC, worth around $63 billion.
India’s largest crypto exchange lost $230 million in a security breach — blockchain sleuth ZachXBT said the hack “has the potential markings of a Lazarus Group attack.”
Ethereum
Grayscale will charge a 2.5% fee for its main spot ether ETF, which will be converted from the Grayscale Ethereum Trust (ETHE).
German authorities confirmed the end of their 50,000 BTC sell-off, claiming that the scale of OTC trades was “gentle on the market” and had “no direct influence on price.”
Trump is positioning himself as the pro-crypto candidate, but what might be more significant is what his wider economic policies might mean for the attractiveness of crypto.
Spot ether ETFs could launch on July 23, according to experts, while the chances of pro-crypto presidential candidate Donald Trump winning the election have been growing.
The wallet address that exploited the DeFi protocol’s smart contract has since transferred out the vast majority of the drained funds.
