In a strategic move to support the advancement of innovative blockchain projects, the BlackRock BUIDL fund has announced its endorsement of Mountain Protocol’s new stablecoin, wUSDM. This collaboration represents a significant step forward in the cryptocurrency market, indicating a growing interest from institutional investors in the potential of digital assets. As the financial landscape undergoes constant change, the partnership between these two industry giants underscores the significance of embracing cutting-edge technology to create more dependable and stable financial solutions.
Recent Industry Updates:
Putin’s Concerns on Crypto Mining Energy Shortages and CBDC Expansion: Putin has raised alarms about potential energy shortages due to crypto mining and has advocated for the expansion of Central Bank Digital Currencies (CBDCs).
A16z Founders Support Trump for Bitcoin and AI: The founders of A16z have voiced their endorsement of Trump, citing his positive stance on Bitcoin and Artificial Intelligence (AI).
Ethereum Researcher Virgil Griffith Nears Release: Virgil Griffith, a former Ethereum researcher, is nearing his release after being sentenced for a visit to North Korea.
Starkware’s Op_cat Experiment on Bitcoin’s Signet Network: Starkware has been testing the possibilities of op_cat on Bitcoin’s signet network, exploring new avenues for innovation.
Bitwise CIO Predicts Record High for Ethereum Post-ETF Launch: The Chief Investment Officer (CIO) of Bitwise anticipates Ethereum reaching a new all-time high following the launch of an Exchange-Traded Fund (ETF).
Trump’s Fourth NFT Series and Crypto Campaign Fundraising: Trump is planning his fourth NFT series as his campaign successfully raises $3 million in cryptocurrency donations.
Trump’s Crypto Strategy for 2024 Campaign: Trump is shifting his focus on crypto as a wedge issue for his 2024 campaign, indicating a strategic shift in his political approach.
ARB Crosses Key Moving Average for the First Time in Weeks: ARB has crossed a significant moving average for the first time since June 5, signaling a potential shift in market trends.
Crypto Donations Boost Trump Campaign Fundraising in Q2: Trump’s campaign has received $3 million in crypto donations during the second quarter, showcasing a growing trend in fundraising.
DEX Trading Volume Surges While CEX Processes Decline: Decentralized Exchange (DEX) trading volume has increased by 15.7% in the second quarter, contrasting with the declining volume on Centralized Exchanges (CEX).
LI.FI Protocol Warns Users of Exploit Leading to $10 Million Loss: LI.FI protocol has alerted users about a possible exploit that resulted in a loss of $10 million, highlighting the importance of security measures in the crypto space.
Mt Gox Initiates Bitcoin Compensation Process with Wallet Transfers: Mt Gox has started transferring a small amount of Bitcoin from its wallet as part of the compensation process, addressing the aftermath of the exchange’s infamous hack.
FTX and CFTC Reach $12.7 Billion Settlement Pending Approval: FTX and the Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement, awaiting final approval from the judiciary.
Coinbase, Ripple, and A16z to Support Pro-Crypto Policies at National Conventions: Major players like Coinbase, Ripple, and A16z are set to advocate for pro-crypto policies at national conventions, shaping the regulatory landscape for digital assets.
SEC Greenlights Ethereum ETF Issuers for Trading Starting July 23: The Securities and Exchange Commission (SEC) has granted approval for Ethereum ETF issuers to commence trading on July 23, marking a significant milestone for the cryptocurrency industry.
