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Top #Cryptonews This Week

1️⃣ Powell Indicated Possible Rate Cut

Jerome #Powell suggested a potential rate cut in September if inflation met criteria.

2️⃣ Bank of England Reduced Rates

The Bank of England cut interest rates to 5% for the first time in over four years.

3️⃣ Bank of Japan Increased Rates
The Bank of Japan raised its policy rate to around 0.25% during its meeting.

4️⃣ Trump Proposed Bitcoin Changes
#DonaldTrump vowed to fire #Gensler, establish a #Bitcoin reserve, and support #crypto innovations.

5️⃣ Harris Campaign Reached Out to Crypto Leaders

#KamalaHarris’s team engaged with crypto figures to shape future regulatory frameworks.

6️⃣ Senators Proposed Bitcoin Purchase Plan
Senator #CynthiaLummis introduced a plan to buy 1 million bitcoins over five years.

7️⃣ Vitalik Outlined Ethereum’s Future
#VitalikButerin emphasized building apps and proposed innovative ideas at EDCON2024.

8️⃣ Musk Denied Crypto Promotion Intent

#ElonMusk stated he had no intention to promote cryptocurrencies, clarifying any mentions were jokes.

9️⃣ Snowden Warned on Bitcoin Privacy
Edward Snowden highlighted Bitcoin’s traceability and urged improved privacy measures.

🔟 MicroStrategy Reported Loss, Increased BTC Holdings
#MicroStrategy reported a $102.6 million loss but increased Bitcoin holdings to 226,500 BTC.
Top #CryptoNews In Past 24 Hours

1️⃣
#FranklinTempleton expanded its $410M on-chain U.S. government money market fund to #Ethereum.

2️⃣
#GaryGensler hinted at resignation in a recent statement as #SEC Chair.

3️⃣ The Pennsylvania House introduced a bill to allow the state to hold
#Bitcoin as a reserve asset.

4️⃣
#DonaldTrump nominated ex-SEC Chairman #JayClayton as U.S. Attorney for the Southern District of New York.

5️⃣ 18 U.S. states sued the
#SEC for unconstitutional overreach and biased treatment of the #Crypto industry under #GaryGensler.

6️⃣ 3AC liquidators aimed to raise their claim against
#FTX to $1.53 billion, up from $120 million.

7️⃣ Senator
#CynthiaLummis proposed selling Federal Reserve gold to fund the purchase of 1 million $BTC for U.S. reserves.

8️⃣
#VanEck, a $100 billion asset manager, projected that #BTC could reach $180,000 in this cycle.

9️⃣
#Fed Chair Jerome Powell stated that the economy was not indicating a need for additional rate cuts.

🔟 Delhi Police detained a man from West Bengal in connection with the Rs 2,000 crore
#WazirX hack.

#CoinPedia #Blockchain #cryptocurrency