Key Points
- Bitcoin [BTC] consolidation near $64K, Ethereum [ETH] and Solana [SOL] also see quiet price action.
- Vice President Kamala Harris calls for US dominance in AI and blockchain technology.
Bitcoin [BTC] has been consolidating between $62K — $64K for the past few days with no macro catalyst to juice the markets.
This quiet price action was also observed across Ethereum [ETH] and Solana [SOL] as they stabilized near $2600 and $150, respectively.
Kamala Harris on Blockchain
Vice President Kamala Harris has spoken on blockchain and overall digital assets for the first time.
In her address at the Economic Club of Pittsburgh, Harris emphasized the need for the U.S. to ‘remain dominant’ in emerging technologies like AI and blockchain.
The crypto community welcomed her reaffirming support for digital assets.
PayPal Enables Crypto for U.S. Merchants
U.S. businesses can now buy, hold, or sell cryptocurrencies through their PayPal business account. This is a significant milestone for crypto adoption and utility.
Jose Fernandez da Ponte, vice president of blockchain at PayPal, said merchants demanded the service.
PayPal will join the growing list of providers offering crypto pay for businesses in the U.S., such as Coinbase Commerce and BitPay.
The Telegram-based Tap-to-Earn game, Hamster Combat, began its airdrop of 131 million HMSTR tokens to over 300 million users.
This was the largest airdrop in crypto and a huge stress test for the platform.
However, there were notable community concerns about low payouts during the campaign.
Given the listing across major exchanges and users’ concerns, Bitget Research analyst Ryan Lee said the HMSTR token could experience wild volatility.
In the meantime, the game has unveiled its 2025 roadmap, including integration with desktop games and new game titles.
