Welcome to the latest, real-time cryptocurrency news. As the US political races heat up, Trump gave a pro-bitcoin and cryptocurrency speech at Bitcoin 2024 in Nashville. His biggest cheers came from a promise to fire SEC chair Gensler on his first day in office!
Bitcoin nearly reached $70,000 USD before crashing to over $66,600. The drop might have come because the US Govt. moved $2 billion in BTC to an unknown wallet (as reported by Arkham). IMO, it’s an underwhelming day for volatility.
Arkham is also reporting on the total cryptocurrency holdings of the US government: over 183,000 BTC, over 50,500 ETH, and over 40,000 BNB. That’s a great chart!
The first week of US spot ETH ETFs got off to a rocky start with net outflows arising from Grayscale’s ETHE.
US Senator Lummis proposed a bill that would direct the US Treasury to buy a strategic reserve of 1,000,000 BTC over time to offset inflation and strengthen the US role in digital assets. The new political focus on the cryptocurrency space continues to amaze.
The lending protocol Compound (COMP) is facing a whale attack on their governance structure. The whale was able to dominate the vote to send funds to their own protocol. This gives the attacker group a huge amount of control over the Compound DAO governance.
