In today’s Daily

Bitcoin, memecoins, and NFTs gain after Saturday’s failed Trump assassination attempt. Analysts suggest a “Goldilocks scenario” is emerging for bitcoin miners amid the “Trump factor” and more.

Meanwhile, TheBlockPro’s new report, “Evolution of Consumer Applications on Blockchains,” reveals how consumer apps are poised to change crypto.

Plus, BlackRock CEO Larry Fink calls bitcoin a “legitimate financial instrument.”

Bitcoin, memecoins and NFTs gain after failed Trump assassination attempt

Bitcoin (BTC) surged back above $63,000 on Monday, logging a 7% gain after pro-crypto former President Donald Trump survived an assassination attempt at a rally in Pennsylvania on Saturday.

• The broader cryptocurrency market rose, with commentators dubbing it the “Trump pump,” as Trump’s survival increases his chances of winning the election.
• Decentralized prediction market platform Polymarket shows a 72% chance for Trump to win the U.S. presidential election, up from about 60% around the time of the incident, while President Joe Biden’s odds fall to 18%.
• Existing Ethereum-based memecoin MAGA (TRUMP) jumped 50% to $9.51 after the attack, and the Solana-based Doland Tremp (TREMP) soared 85% to $0.73.
• A new set of Solana-based memecoins launched as Trump raised his fist in the air and shouted “fight” following the shooting.
• Fight (FIGHT) gained over 500% in 24 hours to a price of $0.018 and a market cap of $18.1 million, per DEX Screener.
• The floor price of Trump’s official Polygon-based NFT collection, Trump Digital Trading Cards, soared over 125% to 925 MATIC ($500) on Sunday, per NFT Price Floor.
• Despite the assassination attempt, Trump remains committed to speaking at the Bitcoin 2024 conference in Nashville later this month.

‘Goldilocks scenario’ emerging for bitcoin miners amid ‘Trump factor’

Analysts at brokerage firm Bernstein said a “Goldilocks scenario” is emerging for bitcoin miners amid the “Trump factor” after the assassination attempt.

• The crypto market interprets a Trump win as “more positive” for crypto, including advocating for self-custody and bitcoin mining.
• Analysts expect bitcoin’s price to correlate with the probability of a Trump presidency, affecting mining stocks.
• Additional tailwinds for miners include power access, AI diversification, and improved mining technology in the U.S., with Jack Dorsey’s Block agreeing to supply Core Scientific with its new 3nm mining chip.

South Korea proposes pushing back crypto gains taxation to 2028

South Korea’s People Power Party has proposed delaying cryptocurrency gains taxation from 2025 to 2028.

• A 20% tax on crypto gains was set for 2022 but postponed twice due to backlash.
• The proposed bill argues that taxing crypto gains could drive investors away.
• South Korea has one of the world’s largest cryptocurrency markets, with the Korean won being the most-used fiat currency for crypto trading in early 2024.

TOP invests in Akedo to build Telegram games in TON blockchain ecosystem

The Open Platform (TOP) has invested in Akedo Games to support developing Telegram games in TON’s blockchain ecosystem.

• Akedo’s first game, “Akedog,” launching July 18, is a “tap-to-earn” game allowing players to earn Akedog NFTs, targeting Telegram’s 900 million user base.
• Popular Telegram clicker games like Notcoin and Hamster Kombat allow players to earn TON tokens through simple tasks.
• TOP supports notable projects on TON, including Tonkeeper, GetGems, and Tonstakers.

Dormant address containing $60 million in bitcoin wakes up after nearly 12 years

A dormant Bitcoin address containing 1,000 BTC, worth over $60 million, made its first transaction in nearly 12 years, according to on-chain data.

• The wallet, identified by Whale Alert, received the bitcoin in 2012 for just $12,000, experiencing a 500,000% value increase.
• The reason for the transfer and the identity of the wallet’s owner remain unknown.

In the next 24 hours

U.S. FOMC member Adriana Kugler will speak at 2:45 p.m. ET tomorrow.

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