Web3🌕Monday Wrap-Up: Crypto Gains Momentum as Harris Backs Innovation and Major Developments Unfold!

Welcome to Your Monday Web3 Buzz! As the digital landscape continues to evolve, significant developments are shaping the future of cryptocurrency and blockchain technology. From political figures stepping into the crypto conversation to innovative wallet solutions enhancing user privacy, this week is packed with news that could impact the market. Join us as we unpack the latest updates, including Kamala Harris’s newfound support for crypto, the transformation of Samourai Wallet into Ashigaru, the SEC’s approval of options for BlackRock’s Bitcoin ETF, and the latest hurdles facing Dogecoin’s rally. Let’s dive in!

1. Kamala Harris Joins the Crypto Conversation

The US presidential race intensifies as Kamala Harris joins the cryptocurrency debate, vowing to promote innovation and economic growth through emerging tech like AI and crypto if elected. At a Wall Street fundraiser, Harris emphasized her plan to create an “opportunity economy” by partnering with businesses and innovators. Her stance directly challenges Trump, who has long supported cryptocurrency, including Bitcoin, as a key part of his campaign to make the US a crypto hub. Both candidates are vying for the crypto-savvy voter base, making digital assets a central topic in the 2024 election.

Cryptocurrency Domain Gains New Ally As Kamala Harris Steps In

Kamala Harris addresses the cryptocurrency domain for the first time in her speech, promising innovation in the field.

Watcher GuruJuhi Mirza

2. Samourai Wallet Transforms into Ashigaru, Enhancing Privacy with Decentralized Solutions

Ashigaru, a privacy-focused crypto wallet, has emerged as a hard fork of the Samourai Wallet. Launched by a mysterious group of developers, Ashigaru uses mechanisms like CoinJoin to protect users from tracking and surveillance. The project, under the "Ashigaru Open Source Project," promises easy-to-use, secure, and censorship-resistant software for private online transactions. Although the developers were former Samourai Wallet users, they have no ties to the original team. The Samourai founders, Keonne Rodriguez and William Hill, are currently facing legal issues, including money laundering charges, which led to the seizure of the Samourai Wallet’s website and app by the FBI.

Samourai Wallet forked into ‘Ashigaru’ Open Source Project

An anonymous developer group says it forked the Samourai Wallet project to build upon the original project’s privacy-enhancing and anti-censorship features.

CointelegraphVince Quill

3. SEC Approves Nasdaq Options for BlackRock’s Bitcoin ETF

The U.S. Securities and Exchange Commission (SEC) has approved Nasdaq’s listing of options on BlackRock’s iShares Bitcoin Trust (IBIT), further expanding Bitcoin-linked investment tools. This move provides investors with additional ways to manage their Bitcoin exposure while addressing concerns over market manipulation and excessive risk-taking. The options on IBIT will feature American-style exercise and be physically settled, offering a hedge against Bitcoin-related risks. Despite concerns about volatility and risks in the crypto market, BlackRock’s Bitcoin ETF has gained significant traction since its launch, becoming one of the most liquid Bitcoin-related products in the U.S. market.

SEC Greenlights Nasdaq Listing of Options for BlackRock’s Bitcoin ETF - Decrypt

BlackRock had been seeking approval for such a listing on the Nasdaq since March of this year following approval of multiple Bitcoin ETFs.

DecryptSebastian Sinclair

4. Dogecoin (DOGE) Rally Towards $0.13 Faces Another Challenge

Dogecoin is struggling to break free from its trading range of $0.09 to $0.11, facing resistance despite a broader market recovery. Although large holders, or whales, have significantly increased their accumulation, retail traders have been selling off their positions, leading to stagnant price movement. The weighted market sentiment for DOGE remains negative, which is impacting its ability to rally. For Dogecoin to successfully break above the $0.11 resistance, improved market sentiment and reduced selling from retail traders are essential. Without these changes, DOGE may continue to oscillate within its current range.

Dogecoin (DOGE) Rally Toward $0.13 Hits Another Setback

Dogecoin, a leading meme coin, has once again struggled to break out of its trading range. The crypto asset has tried to rally above its horizontal resistance line for the third time this month but co

InsightsBeincrypto

As we wrap up today’s Web3 Buzz, it’s clear that the landscape of cryptocurrency and blockchain technology is constantly evolving. With Kamala Harris stepping into the crypto arena and new developments like Ashigaru enhancing privacy, the momentum is building. The SEC’s approval for options on BlackRock’s Bitcoin ETF signals a growing acceptance of digital assets, while Dogecoin’s ongoing challenges remind us of the volatility in this space. Stay informed and engaged as these trends unfold, and be sure to join us for more insights in our upcoming updates. Here’s to a week of innovation and growth in the world of Web3!

WEB3 AI ML