#4 Crypto Crib Newsletter
Bitcoin at 2Y Highs and President Biden Posts Laser Eyes
Welcome folks of crypto space, we are back with another fun and exciting newsletter. Past two weeks were a bit of a rollercoster with Gary continuing his "fud" against bitcoin long after the approval but Bitcoin still continued its march and breached 50k USD for the first time in 2 years, sitting at $51,700 at the time of writing.
President Biden posts laser eyes.
Probably the most chaotic of all was President Biden's twitter account tweeted a laser eyed picture of him, which is still on the account after 4 days that clears out any indication of it being a hacker.
Link to the tweet - https://x.com/JoeBiden/status/1756888470599967000?s=20
More than 25% of ETH Staked; Solana Goes Down Again
In the L1 wars, it didn't go too well for Solana as the chain faced severe outage for hours after an year of stable network. This does mean that the network is being used quite a lot now but on the other hand is also a worrying sign as new retail is yet to enter enmasse.
Ethereum on the other hand is fairing decent now as more than 25% of all ETH is now staked to keep the network secure and stable.
ENS Collabs with Godaddy; Binance announces $5m Bounty for reporting insider trading
Binance co-founder Hi Yi announced in a twitter post that Binance will be taking serious action against insider trading both from Binance employees or the teams which are pursuing listing of their tokens/coins. They have also announced a $5m bounty for reporting insider trading.
ENS however surprised most people with their collaboration with Godaddy which allows people to link their internet domains with their ENS Addresses for free.
Trump To Fire FED Chair Powell If He Is Elected
Donald Trump once again stirred the pot in an interview saying if he is elected President, he will fire the FED Chair Jerome Powell which is seen as a positive for crypto by some experts. What happens next is a matter of the future.
That was it from us, we hope to see you again next week with another spicy wrap up.