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Donald Trump floats making Elon Musk a Cabinet member

After a public endorsement from the Tesla CEO and an X Spaces discussion, Donald Trump said he would consider placing Elon Musk in a Cabinet position in 2025.

Bitcoin whales now add just 1% to their BTC holdings per month

Bitcoin large-volume investors have slowed their BTC accumulation to a crawl versus the run-up to all-time highs earlier this year.

Beat crypto airdrop bots, Illuvium’s new features coming, PGA Tour Rise: Web3 Gamer

Illuvium founder asks: Where are all the new Web3 Games? NFT allowlist to eliminate gaming bots, official PGA golf tour game. Web3 Gamer.

Nigerian SEC to issue crypto platform licenses as market size grows: Report

In June, the SEC updated its regulations to better oversee cryptocurrency platforms and exchanges and improve monitoring of digital asset trading.

Bitcoin mining expenses surge 168% amid capacity growth

BitFuFu expands its mining capacity by over 60% despite a dramatic rise in Bitcoin mining costs post-halving.

Binance’s return to India comes with $86M tax demand

While Indian AML agencies have given Binance the green light to resume operations, authorities are still seeking $86 million in tax liabilities from the firm.

Base hits 4M active addresses amid ‘Onchain Summer’ campaign

Base said it had allotted 600 ETH, worth $2 million, for developers who would build on the blockchain from June to August this year. 

Ledn secures industry-first $50M Bitcoin-backed syndicated loan

Ledn’s groundbreaking $50 million Bitcoin-backed loan, syndicated by Sygnum, is set to transform retail lending and institutional crypto finance.

Starknet set for first mainnet staking vote: What STRK holders need to know

Starknet’s inaugural staking vote introduces mechanisms for minting and parameter adjustments, paving the way for staking by October 2024.

Linea receives first contributor for open-source L2 rollup

Status partners with Linea, marking the beginning of a significant contribution to Linea’s zkEVM-powered L2 rollup as part of a broader decentralization effort.

State Street reveals digital asset platform for institutional clients

The firm revealed it has “$44.3 trillion in assets under custody and/or administration and $4.4 trillion in assets under management.”

Adobe rival Procreate bets against gen AI to support human creativity

In stark contrast to mainstream competitors, Procreate has said it would not use generative AI features in its products to protect artists.

Bitcoin seen following stocks as BTC price gains 2.5% to attack $61K

Bitcoin stands to gain from increasingly risk-on macro sentiment, but can it shift a stubborn BTC price range?

Tether mints another $1B USDT on Tron network

Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.

3 reasons why Bitcoin won’t be ‘boring’ in September

While Bitcoin failed to close above the $60K psychological level on the weekly chart, the long-term holders (LTHs) continue to adopt a bullish strategy in 2024.

$24M CryptoPunk NFT sold quietly as market interest fades

The actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss. 

Hong Kong issues generative AI guidelines for consumer protection

The HKMA has introduced new principles for using generative AI, emphasizing governance, transparency and data protection in consumer-facing applications.

Ether hits $2.6K as metrics suggest it’s in 'late stages’ of correction

Rising Open Interest of Ether and a “positive” taker-buy sell ratio has a crypto analyst optimistic that Ether’s lengthy correction is nearing its end. 

Mango Markets DAO mulls offering settlement with SEC

The proposed settlement involves Mango DAO neither admitting nor denying wrongdoing and paying a $223,228 fine. 

Unknown crypto whale has been scooping up WBTC amid controversy

According to Lookonchain, an unknown wallet address has accumulated more than $118 million worth of Wrapped Bitcoin in the last week.

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