Spotlights of Today’s Crypto Market
Looking to catch up on today’s happenings in the crypto world? Here’s an in-depth look at the latest news and trends impacting the Bitcoin market, blockchain advancements, DeFi innovations, NFT movements, Web3 progress, and the latest in cryptocurrency regulation.
Stay informed with a comprehensive update on everything influencing the digital currency landscape today.
Elon Musk’s X Platform Removes Bitcoin Emojis
Elon Musk’s X platform has once again sparked controversy within the cryptocurrency community by removing cryptocurrency emojis that had been in use for over four years.
Members of the crypto community on X are baffled by the decision to eliminate several cryptocurrency emojis, including Bitcoin, from the platform.
The crypto community swiftly responded to the news, with many industry advocates expressing disappointment over the removal of these emojis.
Some observers speculated that the removal of the Bitcoin emoji from X could negatively affect Bitcoin’s price. However, the removals were not limited to Bitcoin.
According to multiple reports, X removed the Bitcoin hashtag emoji along with several other cryptocurrency emojis on July 25.
Trump’s Campaign Generates $3M in Crypto Donations for Q2
Donald Trump’s re-election campaign has secured approximately $3 Million in cryptocurrency donations since May 2024, as per the Q2 filings from the Federal Election Commission. The majority of these funds were contributed by Cameron and Tyler Winklevoss, the venture capitalists and founders of the Gemini cryptocurrency exchange, along with Jesse Powell, co-founder of Kraken. Each pledged to donate $1 million, but federal election regulations capped individual contributions at $844,600.
ChatGPT Unveils Prototype of AI-Driven Search Engine
OpenAI’s ChatGPT has unveiled a search engine, likely positioning it as a competitor to Google.
In a July 25 announcement, ChatGPT’s website introduced “SearchGPT,” a prototype designed to leverage AI models for providing quick answers with clear and relevant sources.
At the time of the announcement, SearchGPT was not accessible to all users, as the platform was gathering feedback from a select group before a wider release.
The platform claims that SearchGPT will deliver more visual results compared to Google and will enable follow-up questions to refine searches. For instance, SearchGPT has collaborated with publishers and creators to cite sources in relevant search results.
“Although this prototype is temporary, we aim to incorporate the best features directly into ChatGPT in the future,” stated OpenAI.
Privacy Email Firm Proton Introduces Self-Custody Bitcoin Wallet
Privacy and security-focused email firm Proton has launched the Proton Wallet, a Bitcoin-only self-custody wallet that enables users to securely hold their digital assets.
In a recent announcement, the Switzerland-based company stated that the introduction of Proton Wallet aims to simplify Bitcoin usage for newcomers, allowing them to adopt it as a payment method independent of centralized institutions.
Proton has integrated end-to-end encryption into Proton Mail to ensure secure email communications. The Bitcoin self-custody wallet is designed to be user-friendly for newcomers and includes features like Bitcoin via Email, with security ensured by Proton Sentinel.
Founded in 2014 by a team of scientists who met at the European Center for Nuclear Research (CERN), Proton developed an encrypted email service that now boasts over 100 million users.
Jersey City’s Municipal Pension Fund Set to Invest in Bitcoin ETFs
Jersey City’s municipal pension plan is poised to enter the Bitcoin market via exchange-traded funds (ETFs).
In a recent post on X, Mayor Steven Fulop announced the city’s plans to allocate a portion of its pension fund to cryptocurrency ETFs.
Fulop, a significant figure in Jersey City politics since 2013, highlighted the growing permanence of cryptocurrencies within the financial sector.
This move follows a gradual trend of public pension funds exploring cryptocurrencies, exemplified by the State of Wisconsin Investment Board’s substantial $160 million investment in spot Bitcoin ETFs earlier this year.
Ethereum Spot ETFs Experience $152M in Withdrawals on 3rd Day
US-based spot Ethereum exchange-traded funds (ETFs) saw varied flows on their third day of trading, largely due to substantial outflows from Grayscale’s Ethereum Trust.
According to SoSoValue data, seven of the eight newly launched spot Ether ETFs recorded combined outflows of $152 million on day 3.
Among the top performers were BlackRock’s iShares Ethereum Trust ETF and Grayscale’s Ethereum Mini Trust, which drew $70.93 million and $28.09 million, respectively.
Additionally, the Fidelity Ethereum Fund (FETH) and Bitwise’s Ethereum ETF (ETHW) attracted net inflows of $34.32 million and $16.34 million, respectively.
These developments highlight the dynamic nature of the cryptocurrency market, emphasizing the interplay between technological advancements, market sentiment, and regulatory changes. Staying informed on these spotlights is crucial for investors and enthusiasts alike as the landscape continues to evolve.
Stay tuned to CoinNewsNow for the latest insights and updates on the entire cryptocurrency market.
Author : Mr.OxBull
Article Published : July 26, 2024.