FameEX Morning Crypto News Recap | August 2, 2024

YouHodler Analyst: Harris's Win Could Adversely Affect Bitcoin

YouHodler analyst Ruslan Lienkha stated that as the US election in November nears, if Kamala Harris's chances of defeating pro-cryptocurrency opponent Donald Trump increase, Bitcoin's price may be negatively affected. A Harris win would be bearish for Bitcoin as the regulatory environment would likely remain unchanged.

US Senator Introduces BITCOIN Act to Establish Strategic BTC Reserve

U.S. Senator Cynthia Lummis has introduced the BITCOIN Act to establish a strategic bitcoin reserve, aiming to strengthen America's balance sheet. The proposal includes purchasing 1 million bitcoins and implementing robust security measures to position the U.S. as a leader in financial innovation.

DeFi Market Recovery: Active Loans and TVL Indicators on the Rise

Token Terminal reported a DeFi recovery, with active loan volume returning to early 2022 highs at $13.3 billion, indicating increased leverage and a potential bull run. DeFi TVL, which fell 80% from its November 2021 peak of $180 billion to $37 billion in October 2023, now stands at $96.5 billion, doubling from $54 billion to $109 billion in early 2024.

Nigerian Crypto Advocates Push for Regulatory Reforms During Protests

Amid the #EndBadGovernanceInNigeria protests, Nigerian cryptocurrency advocates are pushing for industry-specific demands. They see this movement as a chance to promote regulatory reforms that could benefit the crypto sector and the broader economy, addressing governance issues and improving the regulatory landscape for digital assets.

Google's Gemini AI Model Surpasses GPT-4 and Claude-3 in Benchmarks

Google's Gemini 1.5 Pro has claimed the top spot in generative AI benchmarks, surpassing OpenAI's ChatGPT-4o for the first time. This achievement marks Google's debut at the top of the Chatbot Arena leaderboard and follows a quiet, experimental release of the model on August 1.

Trump's Bitcoin Sneakers Now Selling on eBay for $2,500

Trump’s Bitcoin-themed sneakers, available for pre-order on July 31 on the official Trump Sneakers website, featured a limited edition of 1,000 orange high-tops. They sold out within three hours. Scalpers are now listing these limited edition sneakers on eBay for $2,500.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.​