^{We offer many online products, including online courses, daily videos, live streams, and more. To get involved, check out our main website here. Use code ‘Bitcoin’ for 20% off EVERYTHING.}

Crypto News

Trump Coin Prices Surge Amid Assassination Attempt

Bitcoin and meme coins associated with Donald Trump surged on Saturday night following an attempted assassination of the former U.S. president at a rally in Pennsylvania. The Trump-themed meme coin, MAGA (Make America Great Again), experienced a 34% increase, while other coins like the Donald Trump Coin saw gains exceeding 200%. This surge coincided with predictions from Polymarket, a platform where cryptocurrency traders speculate on political events, which indicated a 70% likelihood of Trump winning the upcoming Presidential Election in November.

During the rally, Trump narrowly escaped injury when a lone assailant fired a bullet that grazed him, causing minor injuries and leading to a visible bloodied face. Soon after the incident, images and videos depicting Trump pumping his fist despite the blood circulated widely on social media platforms.

Inflation Rate Unexpectedly Falls As Fed Hint At Rate Cut

When released on Thursday, the June inflation report unexpectedly showed a decline, increasing the likelihood of a Federal Reserve interest rate cut in September. Following the report, stock markets and Bitcoin prices surged, with Bitcoin rising nearly 2% in the next 24 hours. Cryptocurrency markets also saw gains, while the yield on the 10-year Treasury Bond fell, and the price of Gold rose. Analysts had anticipated an increase in inflation for the month, so the 0.1% decrease was a surprise.

This lower-than-expected inflation figure is viewed positively across all asset classes, including Bitcoin, indicating a potentially weaker economy. Federal Reserve Chairman Jerome Powell hinted at the possibility of interest rate cuts if the job market weakens and economic risks materialize. This news buoyed market sentiment and contributed to the upward movement in Bitcoin and other assets following the release of the inflation data.

Coinbase To Launch New ‘All In One’ Wallet

Coinbase is launching a new web application to streamline managing and tracking on-chain cryptocurrency wallets. Available on both mobile and desktop, the app consolidates multiple wallets into one, offering a seamless experience for users. It aims to simplify the process for new investors and traders, allowing them to buy, swap, stake, and mint coins, all while viewing their assets in one place. This integrated platform will make it easier for users to manage their digital assets directly from one app and their linked wallets. Coinbase's long-term vision is to develop a 'super app' akin to China's WeChat, combining various functions into a user-friendly platform. This initiative reflects Coinbase's commitment to enhancing user experience and accessibility in cryptocurrency.