May 8: GOP or Dems Better for Crypto?

May 8: GOP or Dems Better for Crypto?

A significant development for former FTX users is that 98% of the creditors are set to receive about 118% of their claims, marking a notable step towards resolving the fallout from the FTX collapse. This payout is critical for restoring trust in the crypto exchange ecosystem. Meanwhile, the Japanese crypto exchange Coincheck has successfully completed its listing on Nasdaq, a move that highlights the growing integration of cryptocurrency businesses within mainstream financial markets and potentially opens up new avenues for investor engagement.


In other news, the privacy-focused Monero exchange, LocalMonero, is winding down its operations, signaling the challenges facing platforms that emphasize anonymity, especially amidst increasing regulatory scrutiny. In the realm of political betting, odds on platforms like Polymarket are showing an interesting shift with Michelle Obama and RFK Jr. emerging as significant figures in the presidential race speculation, reflecting public interest in diverse political outcomes and their potential impact on markets including cryptocurrencies. Additionally, a resolution in the U.S. House could affect how crypto custodians are regulated, pointing to ongoing legislative efforts to define and stabilize the crypto custody sector. Lastly, a report by Standard Chartered speculates that a Trump victory over Biden could be favorable for Bitcoin, indicating how presidential elections might influence cryptocurrency valuations. These varied events underscore the interplay between regulatory actions, market developments, and political landscapes in shaping the dynamics of the cryptocurrency markets.


________


https://substack.com/@dcndailycryptonews


News Links 👇


https://unchainedcrypto.com/98-of-ftx-creditors-to-receive-118-claims-payout/


https://www.coindesk.com/business/2024/05/08/japanese-crypto-exchange-coincheck-sees-nasdaq-listing-completion-in-second-third-quarters/


https://decrypt.co/229844/monero-exchange-localmonero-is-winding-down-its-operations


https://decrypt.co/229803/michelle-obama-rfk-jr-presidential-win-odds-polymarket


https://decrypt.co/229786/us-house-resolution-sec-bank-bulletin-crypto-custodians


https://decrypt.co/229761/trump-defeating-biden-good-bitcoin-standard-chartered


———


***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST EDUCATION & ENTERTAINMENT!


©Copyright 2024 Matthew Aaron Podcasts LLC



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Episoder(843)

Sept 4: Bitcoin Broke $80K, But I’m Still Waiting for $82,800

Sept 4: Bitcoin Broke $80K, But I’m Still Waiting for $82,800

Bitcoin briefly reached roughly $81,900 after spot Bitcoin ETFs attracted approximately $731 million in a single day, Treasury yields eased, and Fed Governor Christopher Waller suggested rates could p...

4 Sep 10min

Sept 3: Bitcoin’s Road to $90K Runs Through $82,700

Sept 3: Bitcoin’s Road to $90K Runs Through $82,700

itcoin is trading around $78K, and the price structure is much healthier than it was earlier this summer. The immediate support is roughly $75,674, the critical trend support is around $71,781-$72K, a...

3 Sep 8min

Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI

Sept 2: Wall Street Wants Its Own Stablecoin as Bitcoin Miners Keep Pivoting to AI

Podcast SummaryWall Street's largest banks are preparing their own stablecoin infrastructure while the London Stock Exchange Group and Kraken work toward tokenized UK stocks. Matt looks at whether ban...

2 Sep 12min

Sept 1: Bond Yields Are Squeezing Bitcoin as Strategy Keeps Buying

Sept 1: Bond Yields Are Squeezing Bitcoin as Strategy Keeps Buying

Bitcoin remains around $77,000 to $78,000 as rising global bond yields become the biggest macro story for crypto. U.S. Treasury yields are approaching 4.8%, energy prices remain elevated, and markets ...

1 Sep 10min

Bitcoin Holds Its Ground While Craig Hunts for Cleaner Trends

Bitcoin Holds Its Ground While Craig Hunts for Cleaner Trends

Bitcoin spent last week consolidating after its huge move higher, and Craig sees the lack of a major snapback as a positive sign. The weekly candle finished essentially flat, even after selling follow...

31 Aug 6min

August 31: Bitcoin Falls Back Below $78K as AI and Bitcoin Mining Become the Same Infrastructure Story

August 31: Bitcoin Falls Back Below $78K as AI and Bitcoin Mining Become the Same Infrastructure Story

itcoin is back below $78,000 after another failed attempt to establish $80K as support, while ETF inflows finally broke their winning streak and Kevin Warsh's Jackson Hole comments increased expectati...

31 Aug 15min

August 28: Bitcoin Still Can’t Hold $80K as AI Infrastructure Creates a New Investment Trade

August 28: Bitcoin Still Can’t Hold $80K as AI Infrastructure Creates a New Investment Trade

Bitcoin got as high as roughly $81,300 overnight and still couldn't maintain $80K. The battle is getting clearer. ETF demand remains strong, with another $242 million entering U.S. spot Bitcoin ETFs T...

28 Aug 17min

August 27: Bitcoin Is Still Fighting $80K, but the Fed Could Change the Story

August 27: Bitcoin Is Still Fighting $80K, but the Fed Could Change the Story

Bitcoin finally broke $80K, but it could not hold it. That makes today's price action a rejection, not a confirmed breakout. The good news is that Bitcoin has real demand underneath it: U.S. spot ETFs...

27 Aug 15min

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