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- 8/30/24: Crypto Capital Of The Planet 🌎🇷🇺💻
8/30/24: Crypto Capital Of The Planet 🌎🇷🇺💻
Top News
Trump wants to make the US the “crypto capital of the planet”
Russia to trial cross-border crypto payments next week
Bloomberg Terminal integrates Polymarket’s US election odds
Specs’ Insights
1. Trump wants to make the US the “crypto capital of the planet”
.@worldlibertyfi
— Donald J. Trump (@realDonaldTrump)
12:57 PM • Aug 29, 2024
⌐◪-◪ → Trump just posted a video on X, doubling down on his goal to make the U.S. the “crypto capital of the planet.”
As a reminder, the policies he’s promised so far include defending the right to self-custody, supporting Bitcoin mining, banning central bank digital currencies, and the two big ones:
Make Bitcoin a strategic reserve asset
Fire Gary Gensler
While I’m all for his pro-crypto stance, it does strike me as a bold move this late in the election. On one hand, it will win crypto votes, but on the other, it risks alienating those who still see it as “magic internet money.” I guess his team “did the math” and decided it’s worth the gamble.
Of course, talk is cheap, and the proof’s in the pudding — whoever wins, I hope they actually support our industry. One thing's for sure though, if Trump wins, the current administration is going to massively regret spending the last 4 years waging a war on crypto.
2. Russia to trial cross-border crypto payments next week
Russia will begin trialing cross-border crypto payments in an effort to circumvent international sanctions next week – but this effort may not work, several policy and legal experts told CoinDesk. Read the deep dive by @camomileshumba and @amitoj.
trib.al/2Agd9GX
— CoinDesk (@CoinDesk)
7:23 AM • Aug 30, 2024
⌐◪-◪ → Russia just passed a bill allowing international payments with crypto and will begin trials next week to use cross-border crypto payments as a way to bypass international sanctions.
While this move shows Russia’s interest in leveraging blockchain for geopolitical strategy, there are concerns about the broader implications for the crypto community.
If you haven’t read Vitalik’s thoughts on the matter, it’s worth a read. As for me, my main worry is that popular web3 platforms might start banning wallets/users who have interacted (knowingly or not) with "dirty money." — but maybe I’m just fear-mongering.
What I can tell you is, OpenSea banned any/all accounts that used Tornado Cash — which is bullshit in my opinion, but I guess they’re trying to run a legit business.
3. Bloomberg Terminal integrates Polymarket’s US election odds
NEW: @Bloomberg TERMINAL IS ADDING @Polymarket DATA - PER @M_McDonough
— DEGEN NEWS (@DegenerateNews)
4:01 PM • Aug 29, 2024
⌐◪-◪ → Bloomberg’s Terminal just integrated Polymarket’s US election odds, enhancing its existing dataset.
The integration aims to provide Bloomberg users with a mix of traditional data and crowd-sourced data from prediction markets.
The move, more broadly, highlights the importance of prediction markets in politics and the power of blockchain technologies — and while I’m not surprised this happened (I’m a big believer in prediction markets) I am surprised it happened this quickly/suddenly.
Not gonna lie, it feels good to have a TradFi giant like Bloomberg adopt blockchain-based solutions.
Everything Else
⛓️ Crypto & DeFi
Crypto hackers stole half as much in August as in July
Bitcoin miner GDA plans to expand to 400 MW with renewable energy
Jack Dorsey-backed Nostr emerges as Bitcoin's social layer
Sony blockchain Soneium partners with Transak for fiat on-ramp
Solo Bitcoin miner hits the jackpot with $200,000 block reward
SafeDAO eyes revenue streams from ecosystem integrations
Gnosis Chain community reevaluates gas token choice
Threshold proposes tBTC merger to 'save' WBTC
WazirX sets aside $12M to recover stolen crypto and pay legal costs
Avalanche announces ticketing partnership with Tixbase and Passo
🏦 Wallstreet & VC
BlackRock's Bitcoin ETF faces first outflow in 4 months
Crypto.com partners with Standard Chartered for fiat services
Alchemy acquires blockchain infrastructure provider Bware
Quai Network secures $5M in strategic funding
Time.fun raises $3M seed round led by Brevan Howard Digital
Bridge raises $58M for stablecoin payments network
🏛️ Legal & Regulatory
Jailed FTX exec withdraws request to abide by plea deal
U.S. House plans extensive crypto and SEC hearings in September
Trump keeps teasing his new crypto project, details remain scant
Trump's crypto business to offer access to 'high-yield' investments
Tesla and Musk win $258B Dogecoin market manipulation lawsuit
🌎 Rest of the World
El Salvador's Bukele says Bitcoin strategy is a net positive
Nigerian SEC issues first crypto exchange licenses post-crackdown
🖼️ NFTs & Metaverse
Kylian Mbappé's gets hacked, promotes memecoin to $460M
Keyboard Cat meme coins get an official license
Hawk Tuah girl changes her profile picture to a Mad Lads NFT
CryptoPunks see lowest hoodie Punk sale in 1 year