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(742)

April 15: Tether Making Moves

April 15: Tether Making Moves

Bitcoin holds firmly above $74K after hitting a four-week high, supported by improving sentiment and strong ETF inflows of $1.1 billion last week. Tether launched its new self-custodial tether.wallet ...

15 Apr 8min

April 14: BTC @ $75k!

April 14: BTC @ $75k!

Bitcoin tests $75,000 with $200 million in shorts at liquidation risk as positive sentiment builds, while Tether rolls out a self-custodial wallet for easier USDT, BTC, and tokenized gold payments. Pa...

14 Apr 6min

April 13: World Liberty Financial Scam

April 13: World Liberty Financial Scam

Matt opens by cutting through the noise. Bitcoin is still sitting in the $70K range, Ethereum around $2,100, and the total market cap hovering near $2.4 trillion. In his view, the market itself hasn’t...

13 Apr 9min

April 10: Bittensor Faces Developer Drama

April 10: Bittensor Faces Developer Drama

Bitcoin trades flat near $72K with low volatility as markets await today's CPI inflation print, which could shape Fed expectations and trigger a breakout after three failed attempts above $73K since t...

10 Apr 8min

April 9: Bitcoin Consolidates Near $71K as Iran Ceasefire Frays

April 9: Bitcoin Consolidates Near $71K as Iran Ceasefire Frays

Bitcoin holds near $71K after a ceasefire-fueled surge to $72,800, but the truce showed early signs of fraying within 48 hours, keeping volatility high as oil rebounds and analysts clash on whether a ...

9 Apr 11min

April 8: US-Iran Two-Week Ceasefire Announcement, Oil Crashes, and Strong ETF Flows

April 8: US-Iran Two-Week Ceasefire Announcement, Oil Crashes, and Strong ETF Flows

Crypto markets rallied sharply as Bitcoin broke above $72,000 following President Trump’s announcement of a two-week US-Iran ceasefire, which eased geopolitical fears, crashed oil prices, and boosted ...

8 Apr 10min

CRAIG COBB: MACRO PRESSURE BUILDING — AND CRYPTO STILL LOOKS WEAK

CRAIG COBB: MACRO PRESSURE BUILDING — AND CRYPTO STILL LOOKS WEAK

Craig’s view hasn’t changed, but the macro backdrop is starting to catch up to it. With rising geopolitical tension tied to President Trump’s latest deadlines and threats, alongside crude oil ripping ...

7 Apr 6min

April 7: Quantum Threats Dominate Discussion, Solana Security Overhaul

April 7: Quantum Threats Dominate Discussion, Solana Security Overhaul

Bitcoin steadies near $68K with mixed moves as Iran ceasefire hopes clash with renewed Trump rhetoric and oil volatility, supported by strong Bitcoin ETF inflows ($471M on April 6). Quantum threats ta...

7 Apr 9min

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