The Block
Sen. Cynthia Lummis announces bill for US Treasury to buy 1 million bitcoin worth $68 billionHong Kong lawmaker advocates for including bitcoin in reserves following Trump’s speechThe spot Ethereum ETFs’ first week by the numbersThe following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Quick Take The government said it was “not aware of any person who qualifies as a victim” under certain laws except maybe Bitfinex, according to a recent filing. Lichtenstein, Morgan and Bitfinex parent company iFinex have asserted the crypto trading platform is the sole victim, the government said.
Quick Take Senate Agriculture Committee Chair Debbie Stabenow has been working on a crypto bill and planned to hold a markup hearing on Wednesday, but that has since been tossed. Work on the bill could start back up in September when lawmakers come back to Washington.
Quick Take A crypto wallet labeled as belonging to the U.S. Department of Justice appears to have sent $2 billion worth of confiscated bitcoin to an unidentified wallet, according to Arkham Intelligence data.
Ark Invest bought 12,944 Coinbase shares on Tuesday, worth $2.2 million, for the first time in nearly a month.Ark also sold over $36 million worth of Robinhood stock as the investment firm continued to rebalance its fund weightings.
Quick Take Former Bitcoin Core developer Gregory Maxwell pointed out an overlooked detail in the HBO documentary’s case for naming creator Satoshi Nakamoto as Peter Todd. If filmmaker Cullen Hoback “had actually wanted to find Satoshi, he would have presented his theories to Adam Back and I to see if there wasn’t some trivial flaw in them like this,” Todd said.
Quick Take Donald Trump was the keynote speaker Saturday at the Bitcoin 2024 conference in Nashville, Tennessee. “I’m not going to be promoting crypto — at most, in a joking way. If you see me pumping crypto, it’s not me,” Musk said Sunday.
The cryptocurrency market needs a more substantial catalyst than Donald Trump’s Bitcoin 2024 speech to achieve a major breakout, analysts said.Bitcoin will continue trading within a tight range, failing the appearance of a major catalyst, analysts added.
Quick Take A 29-year-old foreigner was murdered by four alleged assailants who stole 3 bitcoin — worth around $200,000 — in Kyiv, Ukraine. Experts like Jameson Lopp argue that physical safety, privacy and awareness should be considered a part of one’s security setup.
Quick Take Global asset manager VanEck has launched a ventures unit and hired two former Circle Ventures leaders to head the unit. It is raising $30 million for its first fund, which will invest in startups at the intersection of fintech, crypto and artificial intelligence.
