Top Solana Experiments ($)
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- 🤔 Democrats stay mum on crypto. With the Democratic National Convention kicking off today, the party's newly released platform doesn't mention crypto.
- 🧑⚖️ Coin Center lawsuit reapproved. A U.S. court gave the crypto think tank the greenlight to restart its lawsuit against the IRS and the Treasury Department over a controversial 2022 crypto tax amendment.
- 🪙 Bitwise purchases ETC Group. Crypto asset manager Bitwise just acquired the London-based ETP provider, granting the firm a new foothold in Europe and another $1 billion worth of assets under management.
📸 Daily Market Snapshot: US stocks indexes compounded on two weeks of epic retracement today, placing the S&P 500 just shy of 1% away from all-time highs. In contrast, BTC remains below $60k, and many crypto assets — from the majors to mid-caps and memes — are slightly in the red. Select alt-L1s are experiencing modest gains, but only time will tell whether this rotation persists.
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.09t | ↘ 1.0% | ↗ 0.0% |
|
BTC $58,997.10 | ↘ 1.3% | ↘ 0.01% |
|
ETH $2,608.72 | ↘ 2.3% | ↘ 1.7% |
|
DRIFT $0.35 | ↗ 10.6% | ↗ 6.3% |
Solana has been the hot spot to transact this cycle with its low cost and high speed making it the premier onchain casino.
The network has also increasingly become a hub for experimentation with builders developing a new wave of applications that have expanded how we interact with and use blockchains.
While plenty have questioned how sustainable some of these new experiments are, the best of these projects have unequivocally pushed boundaries.
Let's take a look at some of the protocols showcasing where Solana's builder experimentation is on full display 👇
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How in the world did Trump pivot to being pro-crypto?
David Bailey is the CEO and co-founder of Bitcoin Media, which you might also know as Bitcoin Magazine. He has just finished throwing the Bitcoin 2024 Conference. He’s been in Bitcoin since its inception and he’s now at the forefront of the world of politics where Bitcoin has been meaningfully intersecting with Trump's presidential campaign.
We talk mostly about Trump and his crypto policies. We then contrast it with Kamala Harris and the Democrats. And we finish with why David is so damn bullish on Bitcoin.
Hear all of the analysis 👇