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Trump Survives, TRUMP Pumps: Bitcoin.com Weekly Update
In this Weekly Update, Corbin Fraser dives into the biggest Bitcoin and crypto updates, including:
- Fallout from the Trump assassination attempt and its impact on the TRUMP meme coin.
- The German government selling its last batch of Bitcoin and how institutional players like B2C2, Flow Traders, and Cumberland DRW absorbed 88% of the sales.
- Mt. Gox estate transferring $3 billion in Bitcoin and $53 million in Bitcoin Cash ahead of a big distribution.
- The struggles of Bitcoin miners with earnings plummeting since mid-June.
A significant drop in Bitcoin transaction fees to below $2 for the first time in over 250 days.
- Justin Sun and Marc Andreessen backing Donald Trump for the 2024 presidential race, and Trump choosing crypto advocate Senator JD Vance as his running mate.
- A warning from Erik Voorhees about a looming financial apocalypse due to the U.S. national debt.
- A boost in liquid staking for Ethereum ahead of the spot ETF launch.
- Ripple's CEO and legal chief celebrating the one-year anniversary of their landmark victory against the SEC over XRP.
The launch of USDH, a Bitcoin-backed, yield-bearing synthetic dollar by Hermetica.
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