Musk planned to donate $45 million a month to the Trump campaign.

Musk previously distanced himself from supporting any of the US presidential candidates but has now decided to become a major donor to Trump, WSJ found out. In May, the publication reported on their regular telephone conversations.

Businessman Elon Musk has planned to allocate $45 million a month to the campaign of US presidential candidate Donald Trump, the Wall Street Journal writes, citing sources.

A political action committee called America PAC will receive the money. This organization is not directly associated with the Trump campaign. Sponsors also include co-founder of military software developer Palantir Technologies Joe Lonsdale, former US Ambassador to Canada Kelly Craft, and the Winklevoss twins.

 

Donald Trump's MAGA memecoin (TRUMP) surges 60% after the assassination attempt.

The price of the Donald Trump memecoin MAGA (TRUMP) has risen more than 60% following the assassination attempt on the former US president while he was speaking on stage at a rally in Butler, Pennsylvania.

The dramatic event on July 13 led to volatility in Trump-themed cryptocurrencies, particularly the Ethereum-based MAGA memecoin.

The assassination attempt occurred as Donald Trump addressed a crowd in Butler. Several shots were fired from an unknown direction, causing Trump to grab his ear and fall to the ground. U.S. Secret Service agents quickly covered him up and took him away from the scene.

Despite the chaos, Trump raised his fist and shouted to the crowd before security officers led him away.

Rumours: China may lift the ban on cryptocurrency.

Rumours have spread across the internet that China may lift the ban on cryptocurrencies by the end of this year.

Over the weekend, X (formerly Twitter) began actively discussing the possible lifting of the ban on cryptocurrencies in China by the end of this year. Galaxy Digital CEO Mike Novogratz wrote that he also heard about it.

One of the reasons for rumors regarding the potential lifting of the ban on crypto in China was the completion of Justin Sun's legal proceedings. Recall that at the end of June, the founder of the Tron network won a libel case in the People's Court of China.

In 2022, Sun filed a lawsuit against news agency Chongqing Business Media Group. Then an article appeared on the website eastmoney.com, which claimed that the Chinese businessman “repeatedly engaged in insider trading,” “fled abroad to circumvent the ICO ban,” “engaged in fraud and money laundering,” and was also “under investigation by tax authorities.” US authorities and the FBI."

 

Reuters: BlackRock, Franklin Templeton, and VanEck received preliminary SEC approval to launch ETH-ETF.

The US Securities and Exchange Commission (SEC) has given preliminary approval to at least three spot exchange-traded funds (ETFs) based on the largest altcoin, Ethereum. As Reuters reports, citing sources, such approval was received by investment companies BlackRock, Franklin Templeton, and VanEck.

The timing of the opening of trading now depends on whether potential issuers provide all the necessary documents by the end of this week. Companies awaiting approval also include Fidelity, Grayscale, Bitwise, ARK Invest, and 21Shares (jointly) and Invesco and Galaxy (also jointly).

Sources of the publication report that all eight spot ETH-ETFs will be admitted to trading at the same time - just as was the case with spot Bitcoin funds on January 10 of this year.

 

VeWorld Wallet adds Apple Pay integration through Transak for seamless cryptocurrency purchases.

VeChain is making a significant impact in luxury, food safety, and sustainability, disrupting industries. The VeChain Foundation has now integrated Transak, a fiat currency exchange service provider, into VeWorld, its cryptocurrency wallet, which now includes Apple Pay as a new payment option.

Transak is a web-based platform that allows users to buy and sell cryptocurrency from various applications. It can currently be accessed through 170 cryptocurrencies on 75 blockchains using cards, bank transfers, and other payment methods in 168 countries. Transak's X account recently tweeted that the platform now supports Apple Pay and 20 other payment methods to ease the transition from fiat to cryptocurrency.

 

The German government has completed the liquidation of Bitcoin, and the wallet balance has reached zero.

The German government's aggressive liquidation of more than 50,000 bitcoins seized from a pirate website and valued at billions of dollars has roiled cryptocurrency markets and contributed to recent price declines.

Latest data shows that the government's Bitcoin wallet is now empty, raising questions about the impact of such large-scale sell-offs on the volatile crypto landscape.

According to analytics platform Lookonchain, the German government sold a total of 50,179 BTC, worth approximately $3.3 billion, in just 24 days. In the last 24 hours alone, he has moved 9,594 BTC for a total of $553.7 million. Although they also received 500 BTC ($28.6 million) during this period, the government does not currently own any Bitcoin.

The massive government sell-off of Bitcoin began on June 19, 2024, with the movement of over $600 million worth of BTC. Initial reports indicated that the German Federal Criminal Police Office (BKA) had seized these bitcoins, approximately 50,000 BTC, worth $2.2 billion at the time.

 

The Dough Finance protocol was hacked for $1.8 million.

Decentralized finance (DeFi) protocol Dough Finance was hacked with a flash loan

According to Cyvers, as a result of the hack, the Dough Finance project lost $1.8 million in various cryptocurrencies.

On July 12, Cyvers analysts discovered several suspicious transactions and immediately contacted the Aave lending protocol to check the status of the pools. The latter cooperates with Dough Finance.

Suspicious transactions with Dough Finance. Source: X/Cyvers

It turned out that everything was fine with the pools and the funds of Aave users were not affected. The attackers used a flash loan obtained through the Railgun protocol to manipulate the data of the “ConnectorDeleverageParaswap” smart contract on the Dough Finance platform.