Crypto Roundup: Major Endorsements This Week
Trump Announces Bitcoin-Owner JD Vance as Running Mate
Donald Trump announced on Monday afternoon that Bitcoin-owning Ohio Senator JD Vance will be his running mate for the upcoming presidential election. This decision, made after “lengthy deliberation and thought,” was shared on his Truth Social network. If Trump wins, America will have its first crypto Vice President. Vance’s financial disclosure from last year reveals he owns between $100,000 and $250,000 in Bitcoin on Coinbase.
Craig Wright Denies Being Satoshi in Website Disclaimer
Craig Wright issued a legal disclaimer on his website today, emphatically stating that he is NOT the pseudonymous creator of Bitcoin, Satoshi Nakamoto. The disclaimer cited a recent UK High Court ruling and directed visitors to COPA’s summary of the findings, a consortium promoting innovation and open-source in crypto.
Mt. Gox Creditors Face Brute-Force Account Attacks
Mt. Gox creditors subreddit is buzzing with reports of multiple login attempts on their accounts over the last 24 hours, raising fears of a potential cyberattack. On ‘r/mtgoxinsolvency,’ Mt. Gox creditors report login issues and unauthorized login attempts on their accounts, sharing screenshots as evidence.
Elon Musk Endorses Donald Trump Following Assassination Attempt
Billionaire entrepreneur Elon Musk has formally endorsed Donald Trump for president in the upcoming U.S. election, following an assassination attempt on Trump. Musk expressed his support on X, wishing Trump a rapid recovery and comparing him to Theodore Roosevelt. This endorsement adds significant weight to Trump’s campaign as he prepares for the election.
Crypto Critic Senator Bob Menendez Found Guilty of Bribery
U.S. Senator Bob Menendez (Dem) from New Jersey, known for his strong criticism of cryptocurrency, was found guilty of accepting bribes, including gold bars and a luxury car, in exchange for his political influence. This verdict, delivered by a jury on Tuesday, has sparked irony within the crypto community. Menendez, who once claimed that bitcoin (BTC) “is an ideal choice for criminals,” now faces his own criminal conviction.
Peter Schiff Asserts Bitcoin’s Success Depends on Gold’s Failure
Renowned Bitcoin critic and gold investor Peter Schiff has postulated that gold and Bitcoin are financially mutually exclusive. Posting on his X account, he stated, “For Bitcoin to succeed, gold must fail.” Schiff’s comments come after Bitcoin and gold exhibited opposite movement paths in the last day
Hamster Kombat Introduces Card Featuring Iconic Trump Image
The Telegram tap-to-earn game Hamster Kombat has introduced a “Fight fight fight” special card on Wednesday, reimagining the iconic photo of a bloodied Donald Trump defiantly raising his fist, but featuring smiling cartoon hamsters. This innovative blend of real-world references and engaging gameplay continues to drive Hamster Kombat’s growing popularity.
WazirX Faces $230 Million in Withdrawals Following Security Breach
Crypto exchange WazirX experienced over $230 million in withdrawals during early European hours on Thursday due to a security breach affecting one of its wallets, resulting in the loss of user funds.
The exchange confirmed the incident in an X post, stating, “We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident.” To safeguard assets, WazirX has temporarily paused INR and crypto withdrawals.
Top Performing Cryptocurrencies of H1 2024
Forbes has identified the top ten cryptocurrencies with market caps over $1 billion and the best performance in the first half of 2024:
WIF: up 1,306%, market cap $2.1 billion
Pepe: up 815%, market cap $5 billion
FET: up 545%, market cap $3.6 billion
Floki: up 392%, market cap $1.6 billion
JASMY: up 343%, market cap $1.4 billion
AR: up 188%, market cap $1.8 billion
Core: up 152%, market cap $1.2 billion
Toncoin: up 135%, market cap $18.8 billion
BGB: up 100%, market cap $1.6 billion
Bonk: up 90%, market cap $1.5 billion
