TL;DR

• Bitrue Ventures has introduced a $40 million investment fund.

• Rumors suggest that Trump may unveil the U.S. Bitcoin strategic policy reserve next week.

• Experts warn that unchecked growth in cryptocurrency mining could cause an energy crisis in Russia and highlight the digital ruble's utility.

• Grayscale announced that from July 18th, ETHE buyers won't receive ETH from donations.

• South Korea's inaugural cryptocurrency law is now fully enforced.

• Market makers like Wintermute have maintained stable prices when purchasing SHIB from DEX.

• U.S. President Biden might announce his withdrawal from the 2024 presidential race as early as this weekend.

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Alpha of the Day

Bitrue Ventures' $40 Million Fund: Bringing the Bling to Blockchain

Hold onto your digital wallets, because Bitrue Ventures just dropped a bombshell! They’ve launched a $40 million investment fund aimed at taking the crypto world by storm. Picture venture capitalists in sleek suits diving into the blockchain ocean, throwing cash at the next big decentralized dream. It’s like Shark Tank, but with way more crypto jargon and probably fewer tears. Whether you’re a crypto novice or a blockchain bigwig, this fund is about to shake things up and maybe even make a few lucky startups very rich.

Trump and the Bitcoin Bombshell: Policy Reserve Reveal?

Grab your popcorn, folks! Rumors are swirling that Trump might drop a bombshell next week, unveiling the U.S. Bitcoin strategic policy reserve. Imagine the drama: Trump standing at a podium, waving a Bitcoin flag, declaring America’s new crypto strategy. It’s like a reality show cliffhanger, but with potentially massive implications for the crypto market. Whether you love him or loathe him, this potential announcement is bound to make waves and give crypto enthusiasts something to tweet about for weeks.

Crypto Mining in Russia: Energy Crisis Incoming?

Warning lights are flashing in Russia, and no, it’s not a disco. Experts are sounding the alarm about the unchecked growth of cryptocurrency mining potentially sparking an energy crisis. It’s like a plot twist in a dystopian novel: too much mining, not enough electricity. But fear not, the digital ruble is here to save the day! Highlighted as a solution, the digital ruble might just be the hero Russia needs to balance out the energy demands of its crypto-hungry populace. Who knew mining Bitcoin could be such an energy hog?

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LI.FI's Compensation Plan: Fill Out Those Forms, Folks!

Good news for LI.FI users—there’s a voluntary compensation plan on the horizon! But hold your horses; you’ll need to fill out some forms first. It’s like filing your taxes, but hopefully with fewer headaches and more crypto rewards. LI.FI is stepping up to make things right, proving that even in the decentralized world, a bit of bureaucracy can go a long way. So grab your pens, or keyboards, and get those forms in. Who said paperwork can’t be exciting?

Grayscale’s Donation Shutdown: No More ETH for ETHE Buyers

Starting July 18th, ETHE buyers will no longer receive ETH from donations, says Grayscale. It’s like the end of an era, folks. No more bonus ETH for those snapping up ETHE shares. This move might shake up the investment strategy for many, but hey, at least it keeps things interesting in the crypto world. It’s a bit like Santa announcing he’s out of presents right before Christmas, but who knows? Maybe Grayscale has something else up its sleeve to keep investors on their toes.

South Korea's Crypto Law: The Rules are Real

South Korea just made crypto history with its inaugural cryptocurrency law now fully enforced. It’s like the Wild West days of crypto are officially over in the Land of the Morning Calm. Expect more regulation, more oversight, and hopefully, fewer scams. It’s a big move that could set the tone for other countries eyeing their own crypto regulations. So, if you’re trading or mining in South Korea, it’s time to play by the rules—or face the music.

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SHIB Prices Stay Steady: Wintermute's Cool Moves

Market makers like Wintermute are keeping things chill by maintaining stable prices when buying SHIB from DEX. It’s like they’re the cool kids at the crypto playground, ensuring that SHIB’s value doesn’t take a nosedive. For SHIB holders, this stability is a breath of fresh air in an otherwise volatile market. So, while the rest of the crypto world rides a rollercoaster, SHIB might just be the steady ship in a stormy sea, thanks to players like Wintermute.

Biden’s Potential Exit: Presidential Plot Twist?

Hold onto your campaign hats—rumor has it that President Biden might announce his withdrawal from the 2024 race as early as this weekend. It’s like a political plot twist no one saw coming. The speculation has everyone from pundits to voters on the edge of their seats. If Biden steps down, the Democratic Party’s strategy board is going to look like a game of musical chairs. Who will step up? Who will step out? Stay tuned, because this weekend might just redefine the race to the White House.

IMF’s Interest Rate Advice: Hold Your Horses, Fed!

The IMF is throwing shade at the idea of the Fed cutting interest rates before the end of 2024. They’re basically saying, “Chill out, Fed, and keep those rates steady.” It’s like the financial version of telling someone to pump the brakes. With the global economy in a delicate dance, the IMF’s advice is all about playing it safe and waiting for the right moment. So, while everyone else might be rushing to the finish line, the IMF is here to make sure the Fed takes its time.

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