Crypto Firms Spend $134M on 2024 US Elections, Raising Influence Concerns

Cryptocurrency companies spent a significant $134 million on the 2024 US elections, prompting concerns about their growing influence. Some industry insiders argue that these political donations are a necessary step to achieve greater regulatory clarity for cryptocurrencies in the future.

FIFA Unveils Plans for FIFA Coin

FIFA, the international governing body for association football, is reportedly set to launch a new digital currency, the FIFA Coin. According to the FIFA CEO, this initiative will help strengthen the organization’s global reach and tap into the vast market of over 5 billion soccer fans worldwide.

BRICS Alliance Sees Growing Interest from Global Nations

Several developing nations are actively pursuing membership in the BRICS alliance, a global bloc of major emerging economies. This development highlights the significant interest in the organization’s evolving role on the world stage.

Elon Musk’s Xthereum Bid: A Satirical Take on Ethereum

In a move likely intended as satire, a consortium led by Elon Musk has reportedly launched a bid to acquire the Ethereum network and rebrand it as Xthereum. Rumors suggest the bid values Ethereum at a significantly lower price than its current market cap. The deal is being presented as a “good deal” for Ethereum, though its long-term implications are yet to be seen.

Pump.fun’s Revenue Takes a Dive

Pump.fun, a platform popular in the cryptocurrency space, saw its revenue plummet to a seven-month low, falling to just over $100,000 daily. This decline continues the platform’s recent revenue struggles.