2024

Donald Trump

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<p class="is-style-lead">Last week, crypto exchange BitGo confirmed plans to distribute the final Mt. Gox creditor repayments; Kamala Harris overtook Donald Trump on Polymarket; and crypto startups secured $130 million in VC funding.</p> 
<h2 class="wp-block-heading" id="mt-gox-final-creditor-repayments">Mt. Gox final creditor repayments</h2> 
<ul class="wp-block-list"> 
 <li><a href="https://crypto.news/final-mt-gox-repayments-near-as-bitgo-moves-2b-in-bitcoin/">Reports</a> confirmed that BitGo, one of the five exchanges selected to distribute the Mt. Gox creditor repayments, moved $2 billion in Bitcoin (<a href="https://crypto.news/price/bitcoin/">BTC</a>) on Aug. 13.</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>Notably, crypto exchanges Bitstamp and Kraken carried out similar on-chain movements before their distributions. BitGo is likely the last exchange to distribute repayments to creditors.&nbsp;</li> 
</ul> 
<h2 class="wp-block-heading" id="harris-vs-trump">Harris vs. Trump</h2> 
<ul class="wp-block-list"> 
 <li>Vice President Kamala Harris’s chances of winning the 2024 presidential election on Polymarket <a href="https://crypto.news/polymarket-wagers-on-harris-defeating-trump/">soared</a> to 52%, surpassing former President Donald Trump, whose odds fell from a high of 72% to 46%. The trend continued throughout the week, with Harris’s odds <a href="https://crypto.news/kamala-harris-surges-ahead-on-polymarket-trump-falters-as-traders-bet-big/">climbing</a> to 54%, while Trump’s chances dropped to 44% on Aug. 16.</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>At last check Sunday, the two candidates were <a href="https://crypto.news/trump-meme-coins-crash-kamala-harris-polymarket-odds/" data-type="link" data-id="https://crypto.news/trump-meme-coins-crash-kamala-harris-polymarket-odds/">tied</a> at 49%.</li> 
</ul> 
<h2 class="wp-block-heading" id="us-crypto-regulatory-climate">US crypto regulatory climate</h2> 
<ul class="wp-block-list"> 
 <li>During a Crypto4Harris virtual meeting with industry leaders and Democratic lawmakers, Majority Leader Chuck Schumer <a href="https://crypto.news/senate-majority-leader-schumer-pushes-for-crypto-regulation-by-year-end/">announced</a> a goal to pass comprehensive crypto legislation by the end of 2024.</li> 
</ul> 
<h2 class="wp-block-heading" id="bitcoin-etfs-recover">Bitcoin ETFs recover</h2> 
<ul class="wp-block-list"> 
 <li>Spot Bitcoin ETFs recovered some losses from the past weeks. On Friday, the ETF products <a href="https://crypto.news/spot-bitcoin-etf-inflows-223-crypto-market-corrects/">recorded</a> $36 million in net inflows, a 223% surge from the previous day’s figure.</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>Spot Bitcoin ETFs saw $32.4 million in cumulative net inflows last week. The products had four green days out of five, with the only daily net outflow reaching $81.4 million on Aug. 14.</li> 
</ul> 
<h2 class="wp-block-heading" id="startups-secure-130-million-in-vc-funding">Startups secure $130 million in VC funding&nbsp;</h2> 
<ul class="wp-block-list"> 
 <li>Crypto startups collectively <a href="https://crypto.news/crypt-vc-funding-chaos-labs-sahara-ai-raise-capital/">raised</a> $130 million from venture capitalists last week. Chaos Labs, a risk management firm, secured the single largest funding worth $55 million.&nbsp;</li> 
</ul> 
<ul class="wp-block-list"> 
 <li>Meanwhile, AI protocol Sahara AI followed closely with a $43 million funding round led by Binance Labs. Sling Money’s Series A funding raised $15 million, while blockchain firm Essential secured $11 million.</li> 
</ul> 
<p> Read more: <a href="https://crypto.news/chart-of-the-week-heliums-158-rally-may-be-nearing-a-turning-point/"> Chart of the week: Helium’s 158% rally may be nearing a turning point </a> </p>

Mt. Gox final repayments, Harris overtakes Trump, spot Bitcoin ETFs recover | Weekly Recap

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