The Block
Bitcoin’s price, trading under $60,000 for much of the past 10 days, rebounded to break the $63,000 level.Cipher Mining’s stock closed up more than 27%, followed by big gains for Coinbase, Marathon Digital and more.
Quick Take Former President Donald Trump picked Ohio Sen. J.D. Vance to be his vice president on Monday. Vance has been favorable to the crypto industry and has been critical of the U.S. Securities and Exchange Commission.
Quick Take J.D. Vance, the venture capitalist turned politician tapped as running mate by former President Donald Trump, owns between $100,001 and $250,000 in bitcoin, as of 2022. The Ohio Senator disclosed he held those bitcoins on Coinbase in an annual report filed last year. Vance has an estimated net worth of $5 million.
Quick Take DEX to CEX Spot Trade Volume, the ratio of DEX to centralized exchange (CEX) spot trade volume, is on track to hit a new all-time high, sitting at 13.76%. The following is an excerpt from The Block’s Data and Insights newsletter.
Bitcoin breaks above $63,000 after Donald Trump survives assassination attempt.Bernstein says the “Goldilocks scenario” is emerging for bitcoin miners amid the “Trump factor.”South Korea proposes pushing back crypto gains taxation to 2028.The following is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The new spot ether ETFs will likely launch next week on Tuesday, July 23, Bloomberg Senior ETF Analyst Eric Balchunas said in a post on X.Sources familiar with the matter confirmed the information included in Balchunas’s post.
Quick Take Paul Brigner, founder of the crypto advocacy platform Pretty Good Policy for Crypto, is the new head of Coinbase Institute. Brigner will work under Coinbase’s chief policy officer Faryar Shirzad in his new role while still managing some operations for PGP for Crypto.
Quick Take South Korea-based Delabs Games has launched a Telegram clicker game called Giga Chad Bat. The developer hopes the baseball-themed tap-to-earn game will capitalize on the popularity of Telegram-based games like Hamster Kombat and Notcoin.
Quick Take Bima Labs has raised $2.25 million in a seed round led by Portal Ventures. The project has developed a Bitcoin-backed stablecoin called USBD.
Quick Take North Korean hackers are infiltrating crypto job postings, according to a DL News report. Security expert Taylor Monahan says exploiters use “social engineering” to worm their way into company servers and access sensitive information. North Korea is reportedly behind at least $3 billion in crypto losses to date.
