Hakan Ateşler 
While 2024 stands out as the ‘meme coin bull’, big gains in Solana-based meme tokens continue. When a dog named Neiro, which was taken instead of Kabosu, who gave Dogecoin its name, was announced by its owner, dozens of meme coins were issued under this name. A developer made a fortune in a short time in his own Neiro token.
Crypto funds closed last week in the plus, but the $245 million level was quite quiet compared to the $2.5 billion figure seen in the previous week. Bitcoin funds saw an inflow of $519 million, while Ether funds had an outflow of $285 million due to the Grayscale effect. Most of the altcoin funds also ended the week in the positive.
As the US presidential elections approach, the importance of cryptocurrencies is increasing. Donald Trump’s great support for the crypto world has also attracted the attention of the Kamala Harris group. It is stated that the Harris administration has contacted many companies, including 3 major crypto companies, ‘to restart relations with the crypto world’.
TRON founder Justin Sun called on the Chinese government to change its Bitcoin steps. Referring to Donald Trump’s words about Bitcoin, Sun said, ‘China also needs to enter this field and take steps.’ Sun also sent a ‘Bitcoin emoji’ message to Elon Musk.
After Donald Trump’s commitment to keep Bitcoin as a strategic reserve at the Bitcoin Conference on Saturday evening, similar voices began to rise from Hong Kong. Hong Kong Legislative Council Member Johnny Ng stated that they could take a similar step and said, ‘We should investigate including Bitcoin among strategic financial reserve assets.’
The mystery in the transfer of nearly 93 thousand Ether, which was initially thought to belong to the Ethereum Foundation, but this could not be verified, could not be solved. It is seen that the person who made the transfer received his first ETH in 2015.
Robert Mitchnick, BlackRock’s director of digital assets, said in an interview at the Bitcoin Conference that he disagrees with the idea that Bitcoin and Ether spot ETFs will pave the way for other cryptocurrencies. Mitchnick said, ‘If you think of bitcoin, today it represents about 55% of the market cap. ETH is at 18%. The next plausible investible asset is at, like, 3%. It’s just not close to being at that threshold or track record of maturity, liquidity, et cetera.’ he said.
It was stated that Donald Trump, the presidential candidate of the Republican Party in the USA, has received a crypto donation of $4 million so far. Among the cryptocurrencies sent, 4 coins stand out.
After the state of Wisconsin, which announced in May that it bought BlackRock and Grayscale’s Bitcoin spot ETF, the pension fund of the city of Jersey, which is affiliated with the state of New Jersey in the USA, will also buy from this ETF. The statement came from the mayor of the city.
Following Donald Trump’s claim at the Bitcoin Conference that he will announce the largest cryptocurrency as a reserve asset, another presidential candidate Kennedy also raised his hand. In an interview, Kennedy promised that if he becomes president, he will buy as much Bitcoin as the country’s gold reserve. The value of the total reserve in the USA, which is the largest country in the world in terms of gold reserves, is around $615 billion…