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[Standard Chartered Bank predicts that Bitcoin may hit a record high in August and rise to $100,000 during the US presidential election in November]
"Bitcoin prices are likely to hit a new high in August before rising to $100,000 in November in time for the U.S. presidential election," Standard Chartered Bank said in a report released on Tuesday.
Standard Chartered analysts believe that Trump is "positive for Bitcoin," noting that the former president's chances of being elected are positively correlated with Bitcoin prices. "The logic here is that both regulation and mining will be treated more favorably under Trump."
Analysts at Standard Chartered Bank mentioned a “least likely” scenario in which Biden drops out of the presidential race in late July, saying that could cause Bitcoin prices to fall to $50,000-55,000.
[Data: 13 of the top 25 hedge funds in the United States already hold Bitcoin ETF exposure]
Data from investment firm River shows that as of the end of the first quarter of 2024, 13 of the top 25 hedge funds in the United States already have exposure to Bitcoin ETFs. Among them, Millennium Management , which owns 27,263 BTC worth $1.69 billion, accounts for about 2.5% of its total assets under management (valued at $67.7 billion).
Other significant players include Schonfeld Strategic Advisors (holding 6,734 BTC) and Point72 Asset Management (holding 1,089 BTC). In contrast, some top hedge funds, such as Bridgewater Associates , AQR Capital Management, and Balyasny Asset Management, have not yet invested in a Bitcoin ETF.
[Crypto mining company Genesis Digital Assets considers IPO in the U.S. and will seek pre-IPO financing as early as the next few weeks]
According to Bloomberg, people familiar with the matter revealed that as the recovery of the encryption industry accelerates, Genesis Digital Assets is considering an initial public offering (IPO) in the United States, and it is reported that it will seek pre-IPO financing as early as the next few weeks.
The cryptocurrency mining company, whose investors include Sam Bankman-Fried ’s former hedge fund Alameda Research , is working with advisers on a potential listing, the people said, asking not to be identified because the information isn’t public.
Ethereum Foundation emails hacked and used to promote Lido staking phishing scam
On June 23, the Ethereum Foundation’s “updates” email account was hacked and used to promote a phishing scam, according to a blog post published by the Ethereum Foundation on July 2. The Foundation has since restored the account, the malicious emails have been resolved, and no user funds have been lost.
The emails reportedly contain a fake announcement claiming that the Ethereum Foundation has partnered with the Lido Decentralized Autonomous Organization (LidoDAO) to offer a 6.8% yield on stETH, WETH, or ETH deposits. It tells subscribers that the pledge will be “protected and verified by the Ethereum Foundation.”
According to the post, the foundation’s official email address updates@blog.ethereum.org sent 35,794 scam emails to its subscribers and other individuals. The foundation’s investigation concluded that no victims lost cryptocurrency in this attack. However, the email addresses of 81 subscribers may have been obtained by the attackers.
[ Arkham : The current value of assets in Justin Sun public wallet is approximately US$1 billion]
Arkham published a post on the X platform saying that its research team analyzed Justin Sun’s on-chain assets on Ethereum and Tron in February this year, as well as the assets in his wallet marked on Arkham. At that time, the assets in Justin Sun’s public wallet were worth about US$1.4 billion, and now they are worth about US$1 billion.
[ Robinhood spokesperson: There are currently no plans to launch crypto derivatives]
Earlier, Bloomberg quoted people familiar with the matter as saying that Robinhood Markets is considering launching cryptocurrency futures in the United States and Europe. It is reported that Robinhood Markets may also use Bitstamp's license to provide perpetual futures for Bitcoin and other tokens in Europe.
However, a Robinhood spokesperson told Bloomberg that there are currently no plans to launch crypto derivatives.
BitPush previously reported that Robinhood's cryptocurrency business unit received a Wells notice from the U.S. Securities and Exchange Commission in early May.
[Court officials say the sentencing date for Trump's hush money case has been moved to September 18]
According to Jinshi, US court officials said that the sentencing date in the hush money case involving former US President Trump has been changed to September 18.
Author: BitpushNews Mary Liu
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