🗣Polymarket: Poor Bitcoin Forecast for August 2024

Participants on Polymarket predict a decline in Bitcoin's price for August 2024:

• 48% expect it to drop below $60,000;
• with 26% betting on a fall to $55,000;
• 12% to $50,000;
• and 4% to $45,000.

Historically, August and September are weak months for BTC.
In June 2024, Polymarket's trading volume hit a record $111.5 million, and the platform partnered with MoonPay while raising $70 million from Founders Fund and other VCs. Analysts at Jefferies note that Bitcoin's price correlates with the outcome of the U.S. presidential election on November 4, 2024.

🗣Solana Outperforms Ethereum in Trading Volume for the First Time

Crypto journalist WuBlockchain reported that in July 2024, the Solana ecosystem surpassed Ethereum in trading volumes on decentralized exchanges, with $55.8 billion compared to $53.8 billion.
Colin Wu attributes this growth to the hype around meme tokens based on Solana, particularly ten meme coins with market capitalizations of up to $100 million, competing for investors’ attention.

🗣Crypto Boss Backs Kamala Harris for President

J.P. Thieriot, a bigwig at the crypto exchange Uphold, is throwing his weight behind Kamala Harris’s run for president.
He wants to rally the crypto crowd to support Harris, making sure she gets plenty of backing and cash for her campaign.

Thieriot thinks Harris is a better bet for crypto than Trump, who’s been iffy about it but still managed to snag some supporters with vague promises. Thieriot’s setting up a website and starting a crypto fundraiser for Harris.

🗣Bybit Halts Services in France Due to MiCA Regulations

Bybit, a leading cryptocurrency exchange, announced it will cease services for French users from August 13 due to new EU regulations.

Starting August 2, French accounts will be limited to “close-only” mode, preventing new deposits, positions, or purchases.

From August 13, all remaining open positions will be liquidated, allowing only withdrawals. This decision follows the upcoming EU MiCA regulations set to tighten anti-money laundering and terrorism financing rules from December 30.

🗣Paul Krugman: "Most People Know Little About Bitcoin"

Nobel laureate Paul Krugman criticized crypto enthusiasts for supporting Donald Trump, noting that Trump and most people are poorly informed about Bitcoin. Trump once called Bitcoin a "fraud," but now accuses Democrats of attacking it.

Krugman believes that Bitcoin has weak economic potential and that predictions of its growth will not come true.

Do you agree with this view? 🤔

🗣Don’t Sell Your Bitcoins, Pass Them to Your Grandkids, Advises Anthony Pompliano

American investor Anthony Pompliano believes that bitcoins are not just assets but genuine family heirlooms. In his view, the value of the first cryptocurrency will only increase. Instead of selling bitcoins, he suggests passing them on to your grandchildren, as a legacy from the future.

Pompliano praised Senator Cynthia Lummis for her support of bitcoin and her initiative to make cryptocurrency a strategic reserve for the USA. The investor himself holds a significant portion of his portfolio in bitcoins and Solana, confidently predicting their continued growth.

He believes that Solana can surpass Ethereum and become the market leader. So, if you have a few extra bitcoins, don’t rush to sell them—your grandchildren might thank you for such an unusual gift.

Or live in the moment and let the grandkids take care of themselves. Your call 😂

🗣While everyone is waiting for the creation of the U.S. strategic BTC reserve, Trump has released “Trump Bitcoin” sneakers.
Each pair is numbered and can be purchased with Bitcoin or any other cryptocurrency.

The limited edition sold out in just 3 hours 🤨

About the crypto market 🤣

😱Sports Minister Calls Team Nigeria’s 2024 Olympics Performance a ‘Disaster’

Sports Minister John Enoh has labeled Team Nigeria’s performance at the 2024 Paris Olympics as a “disaster” after the team failed to secure any medals.

Key disappointments included the disqualification of the 4x400m relay team and Tobi Amusan’s failure to reach the 100m hurdles final. Enoh vowed to prevent such outcomes in the future, emphasizing the need for reform in sports federation leadership.

#olympics2024