TL;DR

• After Trump chose JD Vance as his running mate, the prediction market's probability of his election victory surged to 72%.

• BlackRock and Fidelity Spot Bitcoin ETFs together hold 495,600 BTC.

• Fed Governor Coogler stated that if the unemployment rate continues to rise, it would be appropriate for the Fed to cut interest rates sooner.

• The US SEC has informed asset management firms that a spot Ethereum ETF could launch on July 23.

• Cryptocurrency donations made up around 1% of the Trump campaign’s total fundraising in the second quarter.

• Tools For Humanity’s WLD lock-in period has been extended to 5 years.

• Satoshi Omoto confessed that he isn't the mysterious Satoshi Nakamoto, the creator of Bitcoin.

• The U.S. Spot Bitcoin ETF boosted its holdings by 5,383 BTC today.

• Trump advised that the Fed should refrain from cutting interest rates before the November election.

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Alpha of the Day

Trump Picks Vance: Market Goes Wild

After Trump tapped JD Vance as his VP pick, prediction markets went bananas, shooting his election odds up to a solid 72%. It's like watching a reality TV show, but with higher stakes and less drama (well, maybe not). Apparently, Vance is the secret sauce that Trump needed, and now the market is convinced this dynamic duo is heading for a win. Whether you're a fan or a critic, it's hard not to be entertained by the sheer unpredictability of it all.

Bitcoin Giants: BlackRock and Fidelity

BlackRock and Fidelity's spot Bitcoin ETFs are now the proud owners of a whopping 495,600 BTC. That's more digital gold than you can shake a stick at! These financial powerhouses are clearly all-in on Bitcoin, stacking sats like it's going out of style. If Bitcoin were a pizza, they'd own the biggest slices, and everyone else would be left fighting for the crumbs.

Coogler’s Crystal Ball: Rate Cuts Incoming?

Fed Governor Coogler hinted that if the unemployment rate keeps climbing, the Fed might have to slash interest rates earlier than planned. It's like being told you can open your presents before Christmas if the weather gets worse. With the economy playing a game of "how low can you go," Coogler's comments are the equivalent of a preemptive strike against economic gloom.

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SEC’s Ethereum ETF Tease

The US SEC has whispered sweet nothings to asset managers, hinting that a spot Ethereum ETF might drop on July 23. Crypto enthusiasts are waiting with bated breath, as if the SEC is about to drop the hottest mixtape of the year. If this happens, it could be a game-changer, opening the floodgates for institutional money to pour into ETH like never before.

Crypto for Campaigns: Trump’s Digital Donations

In the second quarter, cryptocurrency donations accounted for about 1% of the Trump campaign’s total fundraising. It's not exactly a tidal wave, but it's a start. Imagine funding a political campaign with Dogecoin – the memes alone would be worth it. While it's a small slice of the pie, it's a sign that digital currencies are slowly but surely making their way into mainstream politics.

WLD’s Lock-In: Five More Years!

Tools For Humanity’s WLD has extended its lock-in period to five years. That's longer than most celebrity marriages! Investors will need the patience of a saint, but the payoff could be worth it. It’s like planting a tree and waiting half a decade for it to bear fruit – let's hope it’s something tastier than apples.

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Omoto’s Confession: Not the Bitcoin Creator

Satoshi Omoto has admitted he's not the elusive Satoshi Nakamoto. It’s like finding out Clark Kent isn’t Superman. The crypto world collectively shrugged, realizing their mystery man remains just that – a mystery. Omoto’s revelation might not change much, but it’s a fun twist in the ongoing saga of Bitcoin’s origin story.

Bitcoin ETF: Adding More BTC

The U.S. Spot Bitcoin ETF has boosted its holdings by 5,383 BTC today. It’s like adding a few more bars to an already impressive gold stash. As the ETF gobbles up more Bitcoin, it’s clear that institutional interest in the king of crypto is anything but waning. Investors are stacking BTC like it’s the new gold standard.

Trump’s Fed Advice: Hold Those Rates

Trump has advised the Fed to keep interest rates steady until after the November election. It's like telling your Uber driver to slow down so you can enjoy the scenic route. With an eye on the political clock, Trump is playing the long game, hoping stable rates will bolster his chances. Whether the Fed listens or not, it's classic Trump – always with a strategy in mind.

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