FameEX Morning Crypto News Recap | July 24, 2024

Seven US Senators Set to Attend Bitcoin 2024 Conference

Alex Thorn, head of research at Galaxy Digital, revealed that at least seven current U.S. senators will attend the Bitcoin 2024 conference in Nashville this week, highlighting the increasing political interest in cryptocurrency.

Ethereum Long-Term Holders See Record Inflow of 714,000 ETH

CryptoQuant CEO Ki Young Ju reported a record inflow of 714,000 ETH, valued at $2.4 billion, to long-term Ethereum holders' addresses yesterday. This data includes custodial wallets but excludes trading platforms and miners, highlighting a significant accumulation by long-term investors.

Nine Ethereum ETFs in the U.S. Exceed $400 Million in Transaction Volume Within 2 Hours of Listing

In the U.S. stock market, the total transaction volume of nine Ethereum ETFs surpassed $400 million within two hours of listing, reaching approximately $436 million. Grayscale's ETHE led with $178 million, while BlackRock's ETHA ranked second with about $92.0145 million in transaction volume.

Tether CEO: USDT Emerging as Global Payment System, Surpassing Bitcoin and Ethereum in Transaction Volume

Tether CEO Paolo Ardoino highlighted that USDT is evolving into a global payment system, akin to a "digital dollar," decoupling from other cryptocurrencies. He noted its growing significance in high-inflation countries like Turkey, Argentina, and Brazil, with daily trading volumes often surpassing Bitcoin and Ethereum combined. USDT is increasingly used for purchasing raw materials like cotton and gold.

13 U.S. Politicians Agree to Accept Cryptocurrency Donations

The on-chain donation platform SupportCrypto enables American politicians to accept crypto donations on the Base chain. Supporters can choose from over 240 cryptocurrencies, including Bitcoin and Ethereum, or use credit cards. Thirteen U.S. politicians, including blockchain advocates Rep. Tom Emmer and Sen. Cynthia Lummis, have agreed to accept cryptocurrency donations.

Canada Becomes First G7 Nation to Cut Interest Rates, Prompting Quick Real Estate Market Response

Canada, the first G7 country to cut interest rates, has stimulated its real estate market. This has led to increased deals between buyers and sellers, resulting in benchmark house prices rising for the first time in 11 months in June, and sales increasing for the first time since January.

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