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- 7/19/24: All Systems Down 🚨🤑🇭🇰
7/19/24: All Systems Down 🚨🤑🇭🇰
Top News
Global IT outage disrupts banks, exchanges, airlines, and more
Trump charging $850k for roundtable seat at Bitcoin conference
Hong Kong to trial stablecoin with Standard Chartered and Animoca
Specs’ Breakdown
1. Global IT outage disrupts banks, exchanges, airlines, and more
The Microsoft / CrowdStrike outage has taken down most airports in India. I got my first hand-written boarding pass today 😅
— Akshay Kothari (@akothari)
7:34 AM • Jul 19, 2024
⌐◪-◪ → A global Microsoft outage just knocked thousands of businesses offline, including major banks, payment processors, and tech companies like the London Stock Exchange, Visa, Google, Facebook, American Airlines, and British Airways.
Sources are calling it the largest IT crash in history, all thanks to a single point of failure: a popular cybersecurity software called Crowdstrike.
It’s basically the Y2K bug, except it actually happened this time. Naturally, Polymarket bettors are already on it.
Meanwhile, Bitcoin is still producing blocks, secured by a global army of Bitcoin miners — true decentralization at work.
Flying home from Thailand tomorrow is going to be an absolute shit show. Wish me luck.
2. Trump charging $850k for roundtable seat at Bitcoin conference
Trump Bitcoin Conference Roundtable Seats Are Going for $844,600
►— Decrypt (@decryptmedia)
11:34 AM • Jul 19, 2024
⌐◪-◪ → Trump is charging $844,600 for a seat at an exclusive roundtable he's hosting at the Bitcoin Conference in Nashville.
The roundtable will feature other prominent politicians like Sen. J.D. Vance, Sen. Bill Hagerty, Rep. Tulsi Gabbard, and former Republican presidential candidate Vivek Ramaswamy.
These price tags show the incredible interest crypto investors/companies have in influencing Trump’s crypto policies ahead of a potential victory.
If that wasn’t enough, he's also charging $60,000 for photo-ops or $100,000 per crypto couple.
As exciting as it may be to meet a former U.S. President, I’d much rather buy myself more Bitcoin.
The real question is, will Trump announce Bitcoin as a strategic reserve asset for the U.S.? The market on Polymarket is still early on this one, with only $10.8k bet and 20% odds so far.
3. Hong Kong to trial stablecoin with Standard Chartered and Animoca
NEW: Animoca Brands is partnering with Standard Chartered and HKT for participation in the Hong Kong Monetary Authority's stablecoin issuer sandbox which was announced in March.
— Lucky Trader (@LuckyTraderHQ)
1:54 PM • Jul 18, 2024
⌐◪-◪ → The Hong Kong Monetary Authority (HKMA) just announced the first batch of participants for their stablecoin sandbox. The participants are:
Standard Chartered Bank
Animoca Brands
HK Telecom
Jindong Coinlink Tech
RD InnoTech.
This program is part of Hong Kong’s broader initiative to drive growth and innovation for the crypto industry, securing its place as Asia’s digital asset hub.
It looks like The Great Bitcoin Race is already expanding beyond Bitcoin to stablecoins. Can the U.S. keep up?
Everything Else
⛓️ Crypto & DeFi
Polymarket bettors optimistic CrowdStrike will resolve today
Shape announces L2 for creators, with 80% of fees to contract owners
Tornado Cash sees $1.9B in deposits in first 6 months
Raydium integrates with MoonPay for Solana ecosystem access
LI.FI incident report nearly $12M hack, blames ‘human error’
🏦Wallstreet & VC
Chainbase raises $15M to grow omnichain data network
🌎 Rest of the World
Hong Kong’s ZA opens reserve bank services for stablecoin issuers
Italy's top banks issue €25M digital bond on Polygon in ECB trial
Kraken Custody expands to institutional clients in UK and Australia
Jack Dorsey's Cash App platform for UK in September
South Korea’s inaugural crypto law goes into full effect
🖼️ NFTs & Metaverse
Yuga partners with Pixel Vault to bring Reboot wagering to ApeChain
Otherside announced Project Dragon for all Yuga Labs IP
Reddit discontinuing Polygon-based animated expressions NFTs
Decentralised ‘Untitled Mint’ soars to 0.09 BTC floor from $100 mint
Coinbase meme MIGGLES hits $76M in 2 days on Base
Moonshot enables memecoins buys with Apple Pay