Crypto Rallies After Trump Shooting & Germany Finishes Dumping Bitcoin
Join Matt and Nick as they discuss why crypto prices rallied after Donald Trump survived an assassination attempt. They also break down Germany’s heavy selling of nearly 50,000 Bitcoin; upcoming cash payments to some FTX creditors; Ethereum ETFs; altcoin updates; and more.Key Takeaways
• Cryptocurrency prices rallied after the attempted assassination of U.S. presidential candidate Donald Trump. In the hours after this event, Trump’s odds of winning November’s election jumped from 60% to 70%, according to Polymarket.
• Speaking of Trump, last week he was confirmed as a speaker at Bitcoin’s largest annual conference, Bitcoin 2024. His 30-minute speech is scheduled for 2pm CT (7pm UTC) on July 27. This event will likely generate plenty of mainstream attention for crypto.
• The German government seemingly finished selling its stash of nearly 50,000 BTC it seized in late January. While it’s unknown how much BTC was actually sold—and how much is left to be sold—the market will likely stop caring about this story.
• Certain FTX creditors are set to receive $12B–$16B later this year. While this will create some short-term buy pressure, it’s unrealistic to expect all of this to go straight back into the crypto market.
• Among the altcoin updates covered: Solana’s progress on ‘Firedancer’ client and Starknet’s proposal to add a staking functionality to STRK.
Timestamps:
00:00 Intro
01:07 Crypto Market
01:44 US Inflation and Federal Reserve's Outlook
02:38 ETF Inflows
03:16 Federal Reserve's Rate Cuts
07:07 Germany's Bitcoin Sale
11:07 Mt. Gox Redistributing BTC and Bitcoin Cash
15:57 Donald Trump Speaking at Bitcoin Conference
17:55 Republican Party's Endorsement of Crypto
21:16 Institutional Adoption of Crypto
22:50 Goldman Sachs' Tokenization Projects
Altcoin Updates and Announcements
25:30 Solana's Fire Dancer Client
27:48 Starknet Token
28:55 Story Protocol
29:36 Merger of Fetch, Ocean, and Singularitynet
30:16 Sanctum's Cloud Token Launch
30:32 Anticipation of Ethereum ETFs
Underappreciated/Underrated News
31:24 Chainlink's Mainnet Upgrade and CCIP Launch
32:43 Failed Vote on Sab 1-2-1
#BTC #ETH #SOL
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