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Over the Weekend, the Cryptocurrency World Was Buzzing With News. Here's a Quick Recap of the Top Stories

Susan Sarandon
Susan SarandonOriginal
2024-09-23 00:08:17782browse

From Anthony Scaramucci‘s comments on former President Donald Trump‘s influence on the crypto industry to a lucky GameStop customer's Bitcoin windfall, there was no shortage of intriguing developments.

Over the Weekend, the Cryptocurrency World Was Buzzing With News. Here's a Quick Recap of the Top Stories

Anthony Scaramucci (L) and Donald Trump (R) spoke about cryptocurrency at separate events over the weekend.

Former President Donald Trump paid for his meal at a crypto-themed bar in New York using Bitcoin BTC/USD during a campaign stop in a move that appeared to be an attempt to garner support from the crypto community.

Meanwhile, Founder of SkyBridge Capital Anthony Scaramucci voiced his concerns about the potential impact of a Trump victory on the cryptocurrency industry at the Token2049 conference.

Scaramucci, who is known for his close ties to the Trump administration, highlighted Trump's polarizing effect, suggesting his support for crypto could trigger a backlash from those opposed to him.

A GameStop Corporation GME customer hit the jackpot, turning a small purchase into a Bitcoin that was last trading at over $60,000. The windfall came from a redemption code in the Cardsmiths Currency Series 1 trading card series, which features influential figures in the cryptocurrency sector.

The customer, who chose to remain anonymous, purchased a GameStop Currency Series 1 pack for $49.99 and found a code that, when scanned, revealed they had won 1.1009 BTC.

The lucky customer's windfall was part of a promotion by GameStop and Currency Smiths that began in December and included five redeemable codes for varying amounts of Bitcoin, ranging from 0.002 BTC to 10 BTC.

The promotion ended on March 12, with all five codes being claimed by customers, according to Currency Smiths.

The Shiba Inu team announced the launch of the K9 Finance liquid staking platform on the Shibarium network. The new platform is expected to boost SHIB by increasing the total value locked on Shibarium and the transaction volume on the network.

The launch of K9 Finance marks a significant step in the evolution of the SHIB ecosystem, as it will provide a new avenue for SHIB holders to generate passive income while simultaneously contributing to the overall health and vitality of the Shibarium network.

According to a recent announcement, SHIB焼(Shib Burn), a platform dedicated to tracking Shiba Inu burns, reported that a total of 13,333,933 SHIB tokens were burned over the past 24 hours.

This substantial amount of SHIB tokens were removed from circulation via seven transactions, bringing the total SHIB burned to date to 410,379,408,113,944.

Despite the best efforts of the SHIB community and the recent uptick in token burns, a vast quantity of SHIB tokens still remain in circulation.

Cointelegraph reported that Charles Hoskinson, co-founder of the Ethereum ETH/USD blockchain, expressed his preference for Donald Trump over Vice President Kamala Harris from a cryptocurrency perspective at the TOKEN2049 conference.

Hoskinson, who is also the founder of Input Output and Cardano ADA/USD, highlighted the importance of global regulatory frameworks for crypto, regardless of the U.S. stance.

“If I had to choose between the two candidates, I would vote for Trump because I think he will leave crypto alone. I don’t think he cares about it,” said Hoskinson.

“I think that a Harris administration would be very hostile to crypto. I think that the Biden administration is already hostile to crypto.”

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