TL;DR

• The Trump campaign collected $21 million during the 2024 Bitcoin Conference.

• The US SEC has published an investor information page impacted by Terraform.

• According to sources, Circle's pre-IPO valuation stands at around $5 billion.

• The US SEC has accused the BitClout founder of orchestrating a fraudulent crypto-asset scheme.

• WSJ states that using Bitcoin as a strategic reserve asset contradicts the idea of "breaking free from government control."

• The Bahamas introduces the Digital Asset DARE Act 2024.

• The United States aims to boost its Bitcoin reserves by revaluing gold.

• Harris hasn't yet selected a running mate.

• The Bank of Italy is creating a new licensing consensus protocol for its central bank's DLT system.

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Alpha of the Day

Trump’s Bitcoin Bonanza

The Trump campaign cashed in big time at the 2024 Bitcoin Conference, raking in a whopping $21 million. It's like he hit the crypto jackpot, and it seems the blockchain crowd is all in for his political comeback. Imagine a fundraising event where instead of passing the hat, they're passing around digital wallets. Trump's team is probably already thinking about which NFT to mint next as they ride this digital wave of donations.

SEC’s Terraform Trouble

The US SEC is playing watchdog again, this time releasing an investor information page about the chaos caused by Terraform. It's a digital mess that’s left many scratching their heads and wallets. The SEC’s guide is like a treasure map, but instead of gold, it’s about finding where all the trust and money went. So, if you're looking to navigate the crypto minefield, the SEC has just dropped some new breadcrumbs.

Circle's Pre-IPO Hype

Circle is gearing up for the big leagues with a pre-IPO valuation clocking in at a cool $5 billion. Sources are buzzing, and the hype train is full steam ahead. It's like Circle is getting ready for its Hollywood debut, with all the drama and excitement of a blockbuster. Investors are on the edge of their seats, wallets at the ready, waiting to see if this crypto star will shine or flop.

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BitClout Founder in SEC Crosshairs

The US SEC is bringing the hammer down on the BitClout founder, accusing him of running a fraudulent crypto-asset scheme. It's like a real-life episode of “Crypto Cops,” and this founder just got busted. The SEC is not playing around, and if these allegations stick, it could mean big trouble for BitClout and its mastermind. Grab your popcorn, because this crypto drama is just heating up.

WSJ vs. Bitcoin as Reserve

The Wall Street Journal has thrown shade on the idea of using Bitcoin as a strategic reserve asset, calling it out for contradicting the whole “freedom from government control” vibe. It’s like saying you’re going off the grid but bringing a Wi-Fi router with you. The WSJ’s take is a reality check for those dreaming of a government-backed crypto utopia, highlighting the irony in mixing state control with decentralized currency.

Bahamas Goes Digital with DARE Act

The Bahamas is diving into the digital deep end with the launch of the Digital Asset DARE Act 2024. This new legislation is their way of saying, “Hey, we’re open for crypto business!” It's like the Bahamas just put up a big neon sign for all digital nomads and crypto enthusiasts. They’re setting the stage for a tropical tech haven, where the sun isn’t the only thing that’s hot.

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US Eyes Gold Revaluation for Bitcoin Boost

The United States has a shiny new plan to beef up its Bitcoin reserves: revaluing gold. It’s a bold move, like swapping your old baseball cards for the latest holographic ones. The idea is to leverage gold's enduring value to stock up on the digital gold of the future. It's a financial strategy that’s part vintage, part cutting-edge, and all about staying ahead in the crypto game.

Harris’ Running Mate Mystery

Kamala Harris is playing the waiting game when it comes to picking a running mate, and the suspense is building. It's like the season finale of a political drama, and everyone’s speculating who will get the final rose. With so many potential candidates, the guessing game is on, and we’re all tuned in to see who’ll join Harris on her political journey.

Bank of Italy’s DLT Play

The Bank of Italy is getting its tech groove on by developing a new licensing consensus protocol for its central bank’s DLT system. Think of it as Italy’s way of saying, “Ciao!” to outdated financial systems and embracing the future. They’re cooking up something fresh in the fintech kitchen, aiming to blend tradition with technology in a true Italian style.

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