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- Ripple Co-Founder Chris Larsen Donates $1M in XRP to Kamala Harris
Ripple Co-Founder Chris Larsen Donates $1M in XRP to Kamala Harris
News on the Blockchain
October 12, 2024
@newsontheblockchain, 12/10/2024
Confidence in Knowledge. Providing daily news to make sure you're up to date!
🌍 Daily Crypto Market Overview
Global Stats:
Cryptocurrencies: 2.4M+
Exchanges: 752
Market Cap: $2.18T (+3.32%)
24h Volume: $67.01B (-3.30%)
Bitcoin Dominance: 56.76%
Ethereum Dominance: 13.4%
ETH Gas Price: 9.62 Gwei
Fear & Greed Index: 43/100 (Neutral)
🪙 Top 5 Cryptocurrencies by Market Cap:
Name | Price | 24h Change | Market Cap | 24h Volume |
|---|---|---|---|---|
Bitcoin (BTC) | $62,628.87 | +3.91% | $1,237.70B | $30.41B |
Ethereum (ETH) | $2,441.95 | +2.31% | $293.97B | $13.50B |
Tether (USDT) | $0.9998 | +0.06% | $119.71B | $51.65B |
BNB (BNB) | $574.60 | +1.84% | $83.85B | $1.62B |
Solana (SOL) | $146.01 | +4.65% | $68.58B | $1.80B |
💹 Market Highlights:
Total DeFi Volume: $3.87B (5.77% of total market volume)
Stablecoins Volume: $61.46B (91.72% of total market volume)
Coin with highest % change: Ethena $ENA +27.26
📈 Preview On Today’s News:
- Ripple Co-Founder Chris Larsen Donates $1M in XRP to Kamala Harris
- Crypto Investor Loses $36M in Permit Phishing Scheme Impacting DeFi Ecosystem
- BlackRock's Strategic Move: Selling Bitcoin, Buying Ethereum – Bullish Signal for Crypto?
🔥Heat Map:
Top 10 News for today:
1)
Ripple Co-Founder Chris Larsen Donates $1M in XRP to Kamala Harris
Ripple co-founder Chris Larsen has donated $1 million in XRP to Kamala Harris’s presidential campaign following his public endorsement of her candidacy in September. This donation is part of a larger contribution totaling more than $1.9 million from Larsen to Harris as she campaigns for the 2024 U.S. presidential election. Amid ongoing legal battles between Ripple and the U.S. Securities and Exchange Commission (SEC), Larsen’s support for Harris comes as the Vice President signals a more pro-crypto stance compared to her opponent, Donald Trump, who also supports cryptocurrency innovations.
Chris Larsen has donated $1 million in XRP to Kamala Harris’s 2024 presidential campaign, contributing a total of over $1.9 million.
The donation comes amid ongoing legal battles between Ripple and the SEC, with Harris showing increasing support for cryptocurrency technologies.
2)
Crypto Investor Loses $36M in Permit Phishing Scheme Impacting DeFi Ecosystem
A crypto investor fell victim to a permit phishing scheme, losing approximately $36 million worth of fwdETH. The attacker tricked the investor into signing a malicious transaction, giving full access to the funds, which were swiftly sold off. This event led to a crash in the price of dETH by over 90%, affecting multiple DeFi protocols, including PAC Finance and Orbit Finance. Permit phishing, a method where attackers deceive users into granting wallet access through fake transaction requests, continues to be a growing threat in the crypto space.
A crypto investor lost $36 million in a permit phishing attack, triggering a 90% crash in dETH and affecting key DeFi protocols.
Experts warn users to double-check transaction signatures and avoid unfamiliar links, as phishing schemes in DeFi continue to rise.
3)
BlackRock's Strategic Move: Selling Bitcoin, Buying Ethereum – Bullish Signal for Crypto?
BlackRock recently made headlines by selling 182 BTC worth $11.34 million while simultaneously purchasing 7,574 ETH worth $18.52 million, boosting their Ethereum holdings to 414,168 ETH valued at $1.01 billion. This strategic move has captured the attention of crypto enthusiasts, as it suggests BlackRock's bullish outlook on Ethereum despite a significant sell-off of 24,100 BTC by investors and whales at a loss. Bitcoin's price is currently trading around $62,650, showing a 4.45% surge, with technical analysis pointing to a potential rally to $67,500 if it breaks the $63,250 resistance. The double-bottom pattern and oversold RSI further indicate a positive trend for BTC in the short term.
BlackRock's Strategic Shift: The asset manager sold 182 BTC while purchasing 7,574 ETH, reflecting a bullish stance on Ethereum, despite the broader Bitcoin sell-off by other investors.
Bitcoin's Bullish Momentum: Technical analysis suggests a potential rally to $67,500 if BTC breaks the $63,250 resistance, supported by a double-bottom pattern and oversold RSI.
