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In his keynote address, Trump promised to fire Gary Gensler on Day 1 of his administration, which was met with a roar of applause from the audience. He also proposed the creation of a Bitcoin Strategic Reserve using the 200,000 BTC seized by the Department of Justice. Trump told audience members Bitcoin is “going to the moon” and to never sell the digital asset, as it may one day surpass the market cap of gold. He hopes to make the United States the crypto capital of the planet and Bitcoin superpower of the world.
Various Democratic House and Congress members wrote a public letter to the chair of the DNC urging them to “take a forward-looking approach to digital assets and blockchain technology.” They call on the party to add pro-crypto language to the party platform, select a VP candidate with crypto knowledge, a pro-innovation SEC Chair, and lean on industry experts to create better policy.
Electric Capital's "Crypto Market Map" now features over 1,700 crypto projects, with significant contributions from 233 community members who added projects to the market map categories. The map categorizes projects across six layers from user-facing apps to foundational infrastructure, highlighting the role of regular community input to keep the database current and reflective of ongoing developments in the crypto space.
EigenLayer's Actively Validated Services will soon gain the ability to reward stakers and operators for securing their protocols. 4% of the EIGEN supply will go towards further rewarding stakers as a rewards boost. Details on EigenLayer's Season 2 stakedrop will be announced by the Eigen Foundation soon.
AAVE is revamping its staking mechanism and safety module to increase the appeal and sustainability of the AAVE token. The team is considering eliminating slashing risks, using borrowing activity revenue for rewards, and shifting from using staked AAVE for bad debts to using aTokens for added yields. These changes, still in the temperature check phase, aim to enhance token stability and attractiveness, although details on revenue allocation for stakers and incentives for restakers are yet to be determined.
If elected, Robert F. Kennedy Jr. promises to make Bitcoin non-taxable and direct the treasury to buy 4 million BTC, saying it would make Bitcoin worth “hundreds of trillions of dollars.” MicroStrategy's Michael Saylor explained that his 2045 bear case is $3M, base case is $13M, and bull case is $49M per coin.
The State of Michigan Retirement System has invested $6.6 million in the ARK 21Shares Bitcoin ETF, marking it as the second pension fund to invest in spot bitcoin ETFs, signaling a growing institutional interest in crypto assets. Previously, Wisconsin's investment board reported substantial holdings in BlackRock's iShares Bitcoin Trust and Grayscale Bitcoin Trust, indicating a trend towards longer-term institutional investments in bitcoin.
Successful prediction markets rely heavily on regularity. Both DraftKings and FanDuel have high customer acquisition costs and need to retain users who will consistently bet large amounts over time. Regular, recurring markets like sports events or economic indicators are most effective here, whereas less frequent events like elections, which don't encourage repetitive betting, will have lower long-term value.
Coinbase is planning a tokenized money-market fund in a push towards the real-world asset sector.
Helius is now the number one validator on Solana, surpassing both Galaxy and Coinbase.
30 celebrity tokens were launched on Solana by figures like Andrew Tate and Soulja Boy last month, sparking significant initial interest.