Crypto News Today – June 27th, 2024
Welcome to “Crypto News Today,” your daily summary of significant happenings in the Crypto Industry.
Crypto Giants Influence 2024 U.S. Elections with $169M Campaign Fund
Crypto giants, including Coinbase and Ripple, are investing heavily in political influence ahead of the 2024 elections, contributing significant funds to super PACs and lobbying efforts to shape future cryptocurrency regulation in the U.S. The aim is to bridge the gap between policymakers and the crypto community, which has been underrepresented in the political process. Read all about it on the TDR Website!
Bitcoin Bull Run Far from Over
Renowned analysts continue to assert that the current Bitcoin bull run is far from over, with the cryptocurrency expected to reach new heights. Following recent corrections, Bitcoin’s price remains strong, bolstered by the upcoming halving event which historically triggers significant price increases. CryptoQuant reports that the market’s fundamentals, such as low new investment flows and strong on-chain metrics, indicate sustained growth potential. Analysts from Standard Chartered and Bernstein predict Bitcoin could reach $150,000 by the end of 2025.
Crypto Super PAC Achieves Primary Wins
A crypto-focused Super PAC has made significant strides in the recent U.S. primaries, securing crucial wins and setting the stage for substantial spending in the general election. The PAC aims to influence policy decisions favoring the cryptocurrency industry, leveraging its success to advocate for regulatory clarity and favorable legislation. With their recent victories, the Super PAC plans to intensify its efforts and expand its influence leading up to the general elections.
Report Criticizes Crypto Airdrops
A new report has highlighted significant issues with the current model of crypto airdrops, suggesting they are inherently flawed. The findings indicate that airdrops often fail to achieve their intended goals of wide distribution and engagement. Instead, they tend to benefit a small group of insiders and experienced traders who are better positioned to capitalize on these distributions.
Ora Raises $20M for AI dApps
Ora, a company focused on enhancing the design space for AI-driven decentralized applications (dApps), has successfully raised $20 million in its latest funding round. This investment will support Ora’s efforts to develop innovative tools and platforms that integrate artificial intelligence with blockchain technology. The company aims to facilitate the creation of more advanced and efficient dApps, potentially transforming various sectors through its groundbreaking work.
Read more crypto news on the TDR Website!
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