Collective Shift
Welcome to the Collective Shift podcast, where we aim to help you save time and get ahead in the world of cryptocurrency. In each episode, we cover the latest crypto developments and trends, discussing important headlines and introducing exciting new projects. We understand that crypto can be overwhelming, which is why we strive to provide clear and concise information to help you make informed decisions. So join us as we delve into the intersection of finance and tech, and learn how you can use crypto to stay ahead of the curve.
Collective Shift
Crypto Rallies After Trump Shooting & Germany Finishes Dumping Bitcoin
Join Matt and Nick as they discuss why crypto prices rallied after Donald Trump survived an assassination attempt. They also break down Germany’s heavy selling of nearly 50,000 Bitcoin; upcoming cash payments to some FTX creditors; Ethereum ETFs; altcoin updates; and more.
Key Takeaways
- Cryptocurrency prices rallied after the attempted assassination of U.S. presidential candidate Donald Trump. In the hours after this event, Trump’s odds of winning November’s election jumped from 60% to 70%, according to Polymarket.
- Speaking of Trump, last week he was confirmed as a speaker at Bitcoin’s largest annual conference, Bitcoin 2024. His 30-minute speech is scheduled for 2pm CT (7pm UTC) on July 27. This event will likely generate plenty of mainstream attention for crypto.
- The German government seemingly finished selling its stash of nearly 50,000 BTC it seized in late January. While it’s unknown how much BTC was actually sold—and how much is left to be sold—the market will likely stop caring about this story.
- Certain FTX creditors are set to receive $12B–$16B later this year. While this will create some short-term buy pressure, it’s unrealistic to expect all of this to go straight back into the crypto market.
- Among the altcoin updates covered: Solana’s progress on ‘Firedancer’ client and Starknet’s proposal to add a staking functionality to STRK.