Donald Trump holds ~$500K in $ETH

Okay, we have something to address…

There’s some rumours that have been going around that blurtl isn’t the number one newsletter and the most efficient way to get your crypto news every day.

These rumours have been spreading like wildfire, but here we are again delivering the news on a Monday like a well-oiled machine.

That’s right! We’ll be back tomorrow as well, so make sure to subscribe if you want to stay ahead of the curve and get an edge over other investors.

WHAT’S HAPPENING TODAY

• What to look out for this week!?

• SBF back in jail!

• PayPal has officially launched it’s new crypto platform

• Donald Trump announced that he has ~$500K in $ETH

• Cardano is going through a “DeFi boom”

THE WEEK AHEAD

This week we have an array of content to cover, including product launches, token unlock and retail data.

Among other things:

• Shibarium which is the Shiba Inu ecosystem is set to launch this week on August 15-16

• $SEI token plans on going live on August 15

• THORChain is launching a new lending protocol which allows users to deposit collateral and acquire debt at a market-determined rate

• ~$200M worth of tokens are getting unlocked this week ($SAND, $APE, $INJ and more)

• There are a bunch of non-crypto related financial reports coming out this week that we will be covering in depth

  • Big fish earning reports (Walmart, Home Depot, etc…)

  • Retail sales data and job reports are also due this week

You’re in safe hands here at blurtl. We have a team of sophisticated researchers scouring the internet for information that might put you ahead of other investors.

SBF BACK IN JAIL?

The big man himself (SBF) is back in jail.

Why? Well, you see… His bail was revoked because he went against the terms of his condition.

Instead of sitting at home and being a good boy he may or may not have been trying to tamper with potential witnesses and tell the media things they shouldn’t have access to

Do we care? No.

But you better believe we will be covering every damn moment of his upcoming trial and providing some closure to the victims of his alleged ponzi scheme.

PAYPAL LAUNCHES $PYUSD

Technically they launched it last week, but today they updated their terms and conditions to reflect the offering,

You can now hold and trasact Bitcoin with a PayPal account.

It certainly is a momentous day for crypto-thusiasts around the globe and rightly so. Crypto has come a long way.

Unfortunately not all users of PayPal will have access to the feature as it will only be accessible to the users that PayPal deems to be “good enough”. (Sorry Hawaii residents, you don’t make the cut.)

DONALD TRUMP’S ETHEREUM WALLET

The former president submitted a filing to the Office of Government Ethics that claimed he holds between $250,000 and $500,000 worth of $ETH.

You heard it here first folks! Donald Trump is a certified DEGEN.

In the filing it lists the wallet he is claiming ownership of and it appears to be connected to a line of NFTs that were used as part of his most recent presidential campaign.

Historically, Trump has been skeptical about cryptocurrencies so the disclosure of his holdings has been seen as bullish news across social networks.

CARDANO DEFI BOOM AND HOW TO PROFIT OFF IT

Despite having seen a 35% decrease in market value since peaking four months ago, Cardano whales have doubled their holdings.

According to Santiment, the number of wallets holding 100K $ADA or more has reached 25,294.

This increase marks the highest number in the last 16 months and shows that there a committed group of whales involved in the project.

The market remains volatile and it is important to consider the risks when investing in speculative assets such as cryptocurrencies.

Stay safe out there.

– blurtl