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.

Join Matt and Nick as they discuss the crypto market sell-off; Mt. Gox starting to redistribute Bitcoin; Germany selling more Bitcoin; Circle becoming the first compliant stablecoin issuer in the EU; Ethereum ETFs; key altcoins updates; and more.

Key Takeaways

• Defunct exchange Mt. Gox started redistributing a portion of the ~142,000 BTC it owes creditors. The deadline for its rehabilitation creditor repayments is Oct. 31, 2024.
• German and U.S. authorities continued to move BTC to exchanges, presumably to sell. It is unclear how much they intend to sell and over what time frame. Long term, these sales are meaningless.
• The spot Ethereum ETFs are still tracking to launch in July. While estimates of the combined net inflows of these ETFs vary greatly, the long-term effect is undoubtedly positive for ETH.
• USDC stablecoin issuer Circle became the first compliant stablecoin issuer under the EU’s new crypto laws.
• Among the altcoin updates covered: Solana’s sliding stablecoin transfers; Polkdaot’s exorbitant marketing costs; and Bittensor’s blockchain issues.

Join Matt and Nick as they discuss the state of the market; Ethereum and Solana ETF updates; the SEC suing Consensys; the MegaETH funding round; altcoin updates; and more.

Key Takeaways

• Mt. Gox will start incrementally distributing its ~142,000 BTC to creditors this month. While some BTC will be instantly sold by recipients, the amount of sell pressure will likely not be as large as some may expect.
• Spot Ethereum ETFs are expected to go live slightly later than most expected. Still highly likely they launch in July.
• The SEC sued Consensys, alleging that it violated federal securities laws because some of its offerings are brokers of ‘crypto-asset securities’. In the lawsuit, the SEC alleged that Lido (LDO) and Rocket Pool (RPL) were securities, causing a sell-off.
• Among the altcoin updates covered: BLAST valuation opens at less than market expectations and Solana introduces blockchain links, or blinks.