Bitpush weekend news review:
The U.S. House of Representatives will vote next week on overriding President Biden’s veto of SAB 121
The U.S. House of Representatives will vote next week on overriding President Biden's veto of SAB 121. House Majority Leader Steve Scalise said the resolution could be considered next Tuesday or Wednesday. To overturn a veto, a two-thirds majority in both houses of Congress is required. Alexander Grieve, who oversees government affairs at venture capital firm Paradigm , said it's not impossible.
Grayscale Survey: Nearly a Quarter of Potential Voters Would Be More Interested in Investing in Ethereum If an Ethereum ETF Is Approved
Grayscale published the results of a survey commissioned by Harris Poll on the X platform. The survey was conducted among 1,768 adults ( 18 years and older) who plan to vote in the 2024 presidential election. The results show that the growing attention to cryptocurrency is not limited to Bitcoin. Instead, it extends to a wider range of crypto assets, both in terms of general interest and willingness to invest. Nearly a third of voters ( 32% ) said they were more willing to learn about cryptocurrency investments since the beginning of the year. Compared to November 2023 , voters are also more likely to view cryptocurrency as a good long-term investment opportunity ( 23% vs. 19% ) and increasingly expect to include cryptocurrency in their portfolios ( 47% vs. 40% ).
Justin Sun: Plans to develop a stablecoin that can be transferred without paying gas fees
Tron founder Justin Sun posted on X , announcing plans to develop a stablecoin that users can transfer without paying gas fees, and the fees are entirely borne by the stablecoin itself. According to Justin Sun, the stablecoin will be launched on the Tron blockchain in the fourth quarter, and will be launched on other EVM- compatible chains and Ethereum later.
Biden 's odds on Polymarket remain little changed after ABC TV interview
U.S. President Joe Biden may have looked more coherent in a televised interview Friday night than he did in the debate a week ago, but his odds of reelection have not changed materially, according to data from cryptocurrency prediction market platform Polymarket . Shortly after the interview aired, the market gave the incumbent an 11% chance of winning, compared to 36% a month ago.
Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund ) has completely removed Polygon (MATIC) from its portfolio
Grayscale Investments ' latest announcement on July 6 shows that the GSCPxE fund has completely removed Polygon (MATIC) from its portfolio. Grayscale Investments is known for providing reliable digital asset management solutions, and it regularly reviews and adjusts the composition of its funds based on market conditions. This portfolio rebalancing boosted investments in Solana , Cardano , Avalanche , and Polkadot .
Technical Analysis: Bitcoin faces technical resistance at 200 -day moving average
Material Indicators LLC , a financial technology startup that provides algorithmic trading indicators and tools, said Bitcoin faces strong technical resistance at the 200- day moving average , and if bulls can break through that resistance by the close of Sunday, that should drive some short-term momentum. If Bitcoin fails to do that, be prepared for the market to test support in the $ 50,000 to $ 53,000 range.
