[Bitpush Daily News Selection] WSJ: Crypto donations accounted for about 1% of the $331 million raised by the Trump campaign last quarter; FTX and CFTC agreed to a $12.7 billion settlement; Worldcoin early investors and team members’ token lock-up period extended to 5 years

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Bitpush
07-17
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[WSJ: Cryptocurrency donations accounted for about 1% of the $331 million raised by the Trump campaign last quarter]

According to data disclosed by the Wall Street Journal (WSJ), of the $331 million raised by the Trump campaign last quarter, cryptocurrency donations amounted to $3 million, or about 1%, most of which were Bitcoin and Ethereum .

It is reported that between May and the end of June, about 100 people donated cryptocurrencies to Trump's campaign team, including well-known industry insiders such as the Winklevoss brothers and Kraken co-founder Jesse Powell , and more people donated to his campaign in more traditional ways such as credit cards.

[ FTX and CFTC agree to $12.7 billion settlement]

According to The Block, bankrupt cryptocurrency exchange FTX and the U.S. Commodity Futures Trading Commission ( CFTC ) have agreed to a $12.7 billion settlement, which is currently awaiting approval from a Delaware judge.

According to court documents filed with the U.S. Bankruptcy Court of Delaware on July 12, the two companies have been in negotiations for the past few months. As part of the settlement, the CFTC agreed not to collect any compensation as long as FTX complies with the restructuring plan. As a result, FTX will pay up to $12.7 billion in compensation to creditors, depending on available funds.

A hearing on the settlement motion will be held on August 6.

[The token lock-up period for Worldcoin early investors and team members is extended to 5 years]

“The unlocking schedule for 80% of WLD held by TFH (Tools for Humanity) team members and investors will be extended from 3 years to 5 years,” Worldcoin announced in a blog post. This means that the unlocking plan will be more gradual than originally planned, until 2029.

After the announcement, WLD surged 15% in the short term and is currently trading at $2.457, up more than 26% in the past 24 hours. The circulation of WLD is currently 275 million, of which 77% were initially claimed by World ID holders. According to the original plan, the circulation is expected to reach 400 million in September, not August.

[Cypherpunk Holdings' SOL holdings increased to 63,000, worth approximately $14 million]

Cypherpunk Holdings has significantly increased its holdings of Solana tokens, with the Toronto, Canada-based publicly traded investment firm now holding more than 63,000 SOL tokens in its wallet, worth nearly $14 million, up from 6,131 SOL last month, according to a statement on Tuesday.

In addition to purchasing SOL, the company also announced that it will run its own Solana validator and use its own Solana nodes to stake 49,917 tokens (worth about $11 million), which accounts for the majority of its token holdings. It is also implementing a SOL options trading strategy.

Last month, the company disclosed that it had begun investing in Solana, purchasing about $1 million worth of Solana at an average price of $163.11 per coin. Around the same time, Cypherpunk sold nearly $1 million worth of shares in Hong Kong-based metaverse company Animoca Brands , its second-largest holding.

[Trump's latest interview: He does not want to cut interest rates in the near future; JPMorgan Chase CEO Dimon "is a candidate he would consider for Treasury Secretary"]

Former US President Trump gave a 90-minute interview to Business Week, covering a wide range of topics including the US economy and his second presidential agenda if re-elected. Trump said that (if re-elected) he would allow Powell, the chairman of the Federal Reserve, to complete his term, including his term as a governor (expiring in 2028), especially if he thought the latter was doing the right thing.

On policy rates, he warned that the Fed should avoid cutting rates before the November election to prevent giving Biden a boost. On tax cuts, Trump wants to cut the corporate tax rate from the current 21% to as low as 15%. However, if that proves too difficult to achieve, he would be content with a reduction to 20%.

In addition, Trump also mentioned the issue of potential candidates for Treasury Secretary, saying that JPMorgan Chase CEO Jamie Dimon, who is said to be considering a political career, "is a candidate he would consider for Treasury Secretary." As for the issue of presidential pardons, Trump insisted that he would not pardon himself if he was found guilty of a federal crime in the pending case against him.

[ Craig Wright’s official website released a legal document stating that “Wright is not Satoshi Nakamoto ”, which may mean that he has admitted that he is not Satoshi Nakamoto]

The website craigwright.net has published a legal document titled “DR. CRAIG STEVEN WRIGHT IS NOT SATOSHINE NAKAMOTO,” which may represent his admission that he is not Satoshi Nakamoto, the creator of Bitcoin.

Bitpush previously reported that Craig Wright, an Australian who claims to be the inventor of Bitcoin, was handed over to British prosecutors on Tuesday on suspicion of perjury. A British High Court judge decided to refer the case to the Crown Prosecution Service, which is responsible for prosecuting criminal cases investigated by the police in England and Wales.

[Kraken has received creditor funds from the Mt.Gox custodian. It is expected to take 7-14 days to credit the funds to the creditor’s account]

According to an email Kraken sent to users, Kraken has successfully received creditor funds (BTC and BCH) from the Mt. Gox custodian. While Kraken will distribute these funds as quickly as possible, please expect it to take 7-14 days for the funds to be credited to the creditor's account. The amount that the creditor will receive is determined by the custodian, and Kraken will distribute it according to its instructions.


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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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