Bitcoin 2024 Conference Highlights: Trump's Support and Bold Predictions.

The Bitcoin 2024 conference in Nashville concluded with significant remarks from influential figures in the crypto world. GOP presidential nominee Donald Trump pledged to support the crypto industry by sacking SEC Chair Gary Gensler, eliminating unfriendly regulations, and making the U.S. the “crypto capital of the planet.” Key figures like Jan van Eck and Michael Saylor shared bullish predictions for Bitcoin's future, while Senator Cynthia Lummis and Edward Snowden highlighted the need for cautious optimism.

 

COMP fell 6.7% after an alleged "governance attack" on the Compound DAO.

A group called the “Golden Boys” pushed through the proposal after three previous attempts to funnel $24 million in COMP tokens into the goldCOMP revenue protocol, which would provide passive income to COMP token holders. Wintermute and other major stakeholders are concerned that the move represents an attack on the protocol's governance. COMP, the native token of the Compound lending protocol, fell more than 6% as the Decentralised Autonomous Organization (DAO) that runs the protocol was hit by a possible “governance attack.”

According to posts on the Compound forums, the attack on Compound's governance involved a series of coordinated efforts to manipulate the decision-making process on the platform through significant delegations of COMP tokens, led by a whale named Humpy, who attempted to allocate $24 million worth of COMP into a yield protocol he controlled called goldCOMP, run by a group known as the Golden Boys. This group made several attempts, and their last attempt finally succeeded.

 

OKX launches premarket futures for the Hamster Kombat token.

According to the OKX website, pre-market futures are settled in USDT. Typically, tokens in this format appear on the exchange website before the crypto asset is added to the listing on the spot market. In the game Hamster Combat, users need to click on the picture of a hamster as quickly as possible, or in other words, “tap the hamster.” For each click, the player can count on receiving in-game currency. The resulting coins can then be used to purchase upgrades in the game and accumulated in anticipation of listing on exchanges. Premarket futures for the USDT/HMSTR pair will become available on August 1 on the exchange’s website and app. The future delivery date has not yet been determined.

 

The SEC intends to amend the complaint regarding third-party tokens (such as SOL) in the Binance case.

The Securities and Exchange Commission (SEC) intends to amend its complaint against Binance, including concerning “third party crypto-asset securities,” it said in a court filing.

This likely means Judge T will have to decide whether 10 tokens like Solana and MATIC are unregistered securities or not.

 

iMe Wallet integrates Solana for faster and more cost-effective cryptocurrency transactions on Telegram.

iMe Wallet, a service accessible through the Telegram app that combines a powerful mixer and crypto wallet, now uses Solana features. This integration is expected to increase transaction speeds, reduce transaction costs, and simplify the overall cryptocurrency experience for all users.

iMe Wallet users can now make fast and low-cost transactions using Solana technology. One of the biggest advantages is the ability to transfer tokens directly in the Telegram chat, which is convenient for users. Users can complete transactions faster using a Telegram username, address, or QR code, making the process easier and more efficient.

 

Bitcoin fell below $65 thousand amid escalating tensions in the Middle East.

Bitcoin fell below $65,000 amid escalating tensions in the Middle East, writes CoinDesk.

The price action comes after Iranian leaders reportedly ordered a retaliatory strike against Israel, fueling fears of a broader conflict in the Middle East. Cryptocurrencies fell sharply as rising geopolitical risks caught investors' attention after the Federal Reserve's July meeting ended.

Bitcoin fell to $64,500 from around $66,500 where it traded after Federal Reserve Chairman Jerome Powell's press conference. Major altcoins including Ether, Solana, Avalanche AVAX, and Cardano also declined, while Ripple's XRP retained some of its earlier gains. The CoinDesk 20 Index of the broad cryptocurrency market was 0.8% lower than 24 hours ago.

 

Donald Trump has opened pre-orders for Bitcoin sneakers.

Former US President and participant in the current election race Donald Trump presented a limited collection of sneakers with the Bitcoin logo.

The shoes are available in two colors - gold (1000 pairs) and black (4000 pairs). The price per pair is $499 and $299 respectively.

Trump announced shortly after speaking at the Bitcoin 2024 conference in Nashville.

At the event, he promised to end the government’s war on cryptocurrencies if he is elected president. The former president reiterated his support for mining and the stablecoin segment and also reiterated his commutation of the sentence of Silk Road darknet market founder Ross Ulbricht.