Bitpush weekend news review:
After Biden withdrew from the election, Harris concept meme coin KAMA soared to a record high
Kamala Harris-related meme coin KAMA hit an all-time high of 2.4 cents within minutes of U.S. President Joe Biden’s announcement that he would not run for reelection. With a market cap of $24 million, KAMA is currently four times the value of Biden-inspired meme coin BODEN, which fell nearly 50% after Biden’s announcement.
US President Biden announced that he would withdraw from the 2024 presidential election and support Vice President Harris as the 2024 Democratic presidential candidate
According to NBC News, current US President Biden announced that he will withdraw from the 2024 presidential election.
Biden wrote in a letter: "While I have always wanted to run for re-election, I believe that it is in the best interests of my party and country to resign and concentrate on fulfilling my remaining duties as president. I prefer Vice President Harris to become the Democratic presidential candidate in 2024, and later this week, I will explain my decision in more detail to the people of the country."
Five Ethereum spot ETFs from Fidelity, VanEck, and others will begin trading on Cboe on July 23
According to Cboe’s official website, five Ethereum spot ETFs from VanEck , Invesco , Fidelity , 21Shares , and Franklin Templeton will begin trading on July 23 (next Tuesday).
TON surpasses Near to become the fifth largest blockchain in terms of USDT issuance
Tether's official transparency page shows that the authorized issuance of USDT on theTON chain has surpassed Near and Celo , rising to fifth place in the USDT issuance blockchain ranking, second only to Tron , Ethereum, Avalanche and Solana .
As of 11:59:01 PM UTC on July 20, 2024, the authorized issuance of USDT on the TON chain is US$730,000,002.
Foreign media: BlackRock affiliates shorted 12 million shares of DJT the day before Trump was attacked
According to Decripto, BlackRock's affiliate Austin Private Wealth shorted 12 million shares of Trump Media & Technology Group (DJT.O) the day before Trump was attacked. Austin Private Wealth manages about $1 billion in assets, and its major shareholders include well-known investment institutions such as BlackRock and Vanguard. The coincidence of the short selling time has aroused market suspicion of insider trading. Austin Private Wealth explained that the short selling order was placed incorrectly due to a technical failure in the trading system. The company said the actual size of the order should be much smaller and should be for different securities.
Trump promises to defend Bitcoin mining, digital asset self-custody and free trading rights in the new US Republican Party platform
According to Cointelegraph , the Republican National Convention approved the new platform proposed by former President Donald Trump for the Republican Party. Most of the content is standard Republican platform, but there is a big exception: support for innovative encryption policies. It is reported that Trump's new platform promises to defend Americans' rights to Bitcoin mining, self-custody of digital assets, and free trade, and calls the Democratic Party's crackdown on cryptocurrencies illegal and inappropriate.
However, the crypto community believes that Trump’s new platform lacks a commitment to protect developers of decentralized projects from regulatory intervention and the threat of criminal prosecution. Although Trump has expressed his intention to support innovation, he must also be committed to defending the rights of those who create crypto tools.
