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Robinhood Chief Legal Officer Dan Gallagher is emerging as a leading contender to head the SEC if Donald Trump wins the 2024 election, according to Politico.QCP Capital analysts claim “Uptober” is back on track as bitcoin recovers from last week’s volatility.Ethereum proposal EIP-7781 calls for reducing the blockchain’s slot time from 12 to 8 seconds to boost transaction throughput.The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The next chair of the United States Securities and Exchange Commission could be much friendlier to crypto if Donald Trump gets into the Oval Office.
Quick Take U.S. publicly traded bitcoin miners have finished releasing their monthly mining updates for September. The total market cap of 14 U.S.-listed bitcoin miners tracked by JPMorgan rose 4% to $21 billion during the month.
Quick Take The crypto trading platform said it decided to sue the agency after receiving a Wells notice and said the SEC’s actions left them “with no other choice.” Crypto.com says its lawsuit asserts that the SEC has overexpanded its jurisdiction while also pushing back on the agency’s claim that most cryptocurrencies are securities.
- 19:08The US Dollar Index DXY was briefly higher by nearly 50 pips and is now at 107.71The US Dollar Index DXY briefly moved higher by nearly 50 pips and is now at 107.71.
- 18:06Jupiter: 50 per cent of agreement fee will be used to repurchase JUP and lock in position for three yearsJupiter posted on X that 50% of all agreement fees will be used to buy back JUP and lock it in for 3 years, with the buyback starting next Monday.
- 17:07Meme Coin Broccoli Developer Earns $6.7 Million in 30 MinutesAccording to ai_9684xtpa monitoring, Meme Coin Broccoli developer earned $6.7 million in 30 minutes, the operation includes:1, three minutes to pull up to 400 million to attract investors. 2, buy only 707 dollars to attract investors;2. Buying 11.5 per cent of the chips for just $707. 3;3, selling tokens in 12 tranches, emptying liquidity.Market capitalisation peaked at $418 million and is currently at $47.2 million, a 90% flash crash in half an hour.