Morning Minute: Trump To Meet Crypto, Prediction Market CEOs This Week
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Following the "end" of the US-Iran ceasefire, cryptocurrency and stock markets experienced widespread declines.
PANews reported on July 8th that, according to CoinDesk, the US launched airstrikes against Iranian Islamic Revolutionary Guard Corps ships, and Iran subsequently attacked Kuwait and Bahrain. US President Trump announced the "end" of the ceasefire with Iran, calling the negotiations "meaningless," causing a sharp drop in global risk appetite. Bitcoin and Ethereum fell by more than 2%, the CoinDesk 20 index fell by nearly 3%, and Nasdaq 100 and S&P 500 futures fell by about 1.5% at one point. In the crypto derivatives market, BTC futures open interest declined slightly, while ETH triggered approximately $90 million in long position liquidations during the price drop. Overall, the 24-hour crypto market saw approximately $450 million in liquidations, of which approximately $350 million came from Altcoin trading pairs. Altcoins generally fell, and Solana erased all gains since July.
Each version brings a new meta; ANSEM's market capitalization surpasses that of Trump.
BlockBeats reports on July 7th that the launch of Trump's namesake meme coin, Trump, in January of last year seemed to mark the end of an era. A year and a half later, crypto KOL Ansem appears poised to "make memes great again" single-handedly. According to GMGN data, as of press time, the circulating market capitalization of ANSEM tokens is $417 million, surpassing Trump's $395.8 million. It should be noted that 65% of ANSEM tokens were originally allocated to Ansem himself, but this portion was not locked. Ansem has been continuously using this share for airdrops and community incentives. Therefore, this 65% share is not considered locked. Currently, after several rounds of distribution, Ansem's share has decreased to 58.43%. BlockBeats Note: Meme coin trading is highly volatile, heavily reliant on market sentiment and hype, and lacks real value or use cases. Investors should be aware of the risks.
SEC cancels key crypto regulatory meeting
The SEC canceled a meeting on proposed crypto offering rules after the Senate left for recess without voting on the CLARITY Act.
City of Baltimore goes after prediction markets for sports betting
The city’s complaint over gambling laws and deceptive trade practices included Robinhood, Webull and Coinbase as partners with prediction market platform Kalshi.
CFTC to join SEC in exploring crypto regulations without CLARITY bill
The CFTC will hold a meeting for its Innovation Advisory Committee on Aug. 20 to address regulation related to crypto assets, artificial intelligence and prediction markets.
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