Bye-Then, Biden... Hello BTC $70K

Within a span of just over a week, someone tried to take out former President Donald Trump, a new Republican vice president was announced, President Joe Biden caught COVID, and now, current VP Kamala Harris might soon be the leader of the free world.

As the world was still reeling from the assassination attempt on Donald Trump, the latest season of US politics took audiences on yet another twist this week as President Joe Biden dismissed himself from the Presidential race, making way for VP Kamala Harris.

The sudden, albeit highly requested, move by the Democrats has shaken up the Presidential race, and the future of America has once again been shaken up. For the crypto world, self-titled "Crypto President" Donald Trump appears to be the more favourable candidate. Scheduled to speak at Bitcoin 2024 tomorrow in Nashville, Trump is expected to cement his support base among the crypto crowd.

However, while Biden's friendliness with SEC Chair Gary Gensler went down as well as a lead balloon with the crypto community, Harris's stance on the industry is less clear.

With pockets of the crypto crowd, including Arthur Hayes, remaining cautious about Trump's sincerity towards the industry, the Web3 world is now waiting to see whether Harris has anything better to offer. She is, after all, unburdened by what has been. Or should that be un-Bidened?

Four straight minutes of “what can be, unburdened by what has been.” It’s incredible. I had no idea she used it this much. pic.twitter.com/TClfC1EyH6

Speaking of being unburdened by what has been, Mt Gox creditors have been rejoicing this week as repayments have finally materialised. It only took a decade. BlockFi creditors, who have waited just two years, have also received similar news.

And speaking of imagining what can be, this week also marked the kick-off of Ethereum ETFs - products we couldn't have imagined being listed on TradFi exchanges just a few years ago. Sadly, since the launch on Tuesday, ETH ETFs have experienced constant outflows.

Consequently, Ethereum's price has dropped almost 8% this week, while Bitcoin has slipped less than 2%.

Risk appetites on the Fear & Greed Index have increased from 60, "Greed," to 68, still "Greed."

The Fear & Greed Index uses 5-6 measurements to assess the current sentiment of the market and then rates that level of emotion on a scale of 1-100 – 1 is extreme fear and 100 is extreme greed.

But fret not, BRN is hear to calm your woes. "As Ethereum ETF inflows are only 20% of those from Bitcoin, it leads to unsatisfying net results for investors who are slowly dumping Ethereum after the launch," BRN analyst Valentin Fournier said.

"We recommend staying exposed to the potentially strong upside momentum and still favour Bitcoin over Ethereum in the short term as the Grayscale ETF selling pressure remains high."

Mt. Gox, BlockFi Begin Repayments to Customers - Here's How it Works

After years of waiting, disgruntled customers are finally getting their money back from Mt. Gox and BlockFi. Mt. Gox creditors have been waiting a decade for this moment, whilst BlockFi users have been suffering from anxiety over the last two years.

But how exactly will creditors be repaid? After all, we're hardly expecting a Mt. Gox airdrop.

dYdX Post-Mortem Reveals Two Users Lost $31K in DNS Hijack

A dYdX post-mortem has revealed that two users lost approximately $31,000 in its recent DNS (Domain Name System) hijack.

According to dYdX, on July 23, 2024, the "dYdX.exchange" domain was compromised when an attacker changed the DNS nameservers and removed the DNSSEC which is supposed to act as a layer of trust on top of the DNS by providing authentication.

Holding Bitcoin Could Get You Portuguese Citizenship

Are you holding more than $500,000 in Bitcoin? If so, you could be entitled to Portuguese citizenship.

Alessandro Palombo, the co-founder, and CEO of Unbound Fund, said that those holding €500,000 (US$542,000) in the Unbound Fund will be eligble for the Portugal Golden Residence Permit Program.

Elixir Drops Mysterious Video - ELX Airdrop Soon?

On 23rd July 2024, Elixir posted a mysterious video with cash flying around ending with "coming soon" which excited many users. With mainnet scheduled on 15th August, could we expect ELX token sometime soon?

Firstly, what is Elixir? Elixir introduces liquidity to order book DEXs by acting as an infrastructure for exchanges to bootstrap liquidity to their books. Users can add liquidity by simply depositing assets in Elixir and choosing a trading pair on any of the 30+ native DEXs.

Coinbase Joins Tokenized Money Market Fund Craze, Hamilton Lane First to Launch