#Bitcoin is nearing a new all-time high, driven by excitement among crypto traders over the potential of a second Trump administration. Meanwhile, stock futures are holding steady as investors prepare for a busy earnings season, and oil markets have found stability following Monday’s decline.

HBO documentary seeks to unveil Satoshi Nakamoto’s identity: “Money Electric: The Bitcoin Mystery,” on Tuesday that suggests an early #Bitcoin developer named Peter Todd invented the cryptocurrency.

Mt. Gox prepares to return $9 billion in crypto:
The Tokyo-based exchange, which shuttered a decade ago, has an October deadline to return the crypto it still holds to customers. This week, the court-appointed trustee administering the returns announced that around $9 billion in #crypto would begin moving back to customers by early July 2024.

Should #Biden have just ignored SAB 121, and not vetoed against it? There are Democrats with voters who support #crypto, a substantial voting block of between 44 and 50 million people participating in upcoming election.

Elon #Musk denies talking crypto with #Trump. But he added that he's "generally in favor of things that shift power from government to the people," which he said he believes cryptocurrency can do. Earlier, the Bloomberg report followed a Wall Street Journal story that said Trump and Musk have discussed a possible advisory role for the Tesla leader if Trump reclaims the White House.

Yes, we see that #Trump is all in #Crypto. If #Biden fails to map it on time, it might get counter productive for him to make this election. - Video curtsy: @LauraLoomer

This is quite interesting to know about the #crypto holders in a simple visual perspective:

The #US House Of Representatives is expected to vote this week on the Financial Innovation and Technology for the 21st Century Act (FIT21). Passing this bill would be a major victory for #Bitcoin and #crypto industry.

Bitcoin Dynamics:

Reduced Selling Pressure: Short-term holders are selling at low or negative profits, and traders have exhausted their unrealized profits, leading to decreased selling pressure.

Stabilized OTC Balances: Bitcoin balances at OTC desks have stabilized, indicating less supply entering the market.

Undervalued Miner Profitability: Bitcoin miners are experiencing extremely low profitability, which often correlates with price bottoms.

Demand Stabilization: Demand from permanent holders and large investors is stabilizing but needs to accelerate to sustain the price rally. - Curtsy CryptoQuant

Ripple calls for the #US SEC to reduce fine: Ripple has strongly opposed the SEC's proposed $2B fine for selling its #XRP token, and a contingent of crypto lobbyists have moved to sue the regulator for expanding the definition of a dealer.