Crypto Pre-drink: July 16, 2024

KEYTAKEAWAYS

TABLE OF CONTENTS

• KEY TAKEAWAYS
• Meme Coins Surge in First Half of 2024
• J.D. Vance’s Bitcoin Holdings
• Craig Wright’s Legal Troubles
• Dormant Bitcoin Wallets Worth Millions
• DISCLAIMER
• WRITER’S INTRO

CONTENT

In the Crypto Pre-drink, we serve up a daily shot of the hottest crypto news and market insights to fuel your investment decisions.

Meme Coins Surge in First Half of 2024

Meme coins have significantly outperformed Bitcoin during the first half of 2024. Popular meme coins such as Dogecoin and Shiba Inu have seen their values skyrocket, driven by renewed investor interest and a series of high-profile endorsements. This surge has outpaced Bitcoin, which, despite remaining the market leader, has experienced comparatively modest gains.

J.D. Vance’s Bitcoin Holdings

U.S. Senator J.D. Vance recently revealed his substantial Bitcoin holdings, showcasing his support for the cryptocurrency. Vance’s disclosure adds to the growing list of politicians openly embracing digital assets, reflecting the increasing mainstream acceptance and potential regulatory impacts on the cryptocurrency market.

Craig Wright’s Legal Troubles

Craig Wright, who has long claimed to be Bitcoin’s creator, Satoshi Nakamoto, has been referred to UK prosecutors for perjury. This development marks another chapter in the ongoing controversy surrounding Wright’s claims and could have significant implications for his legal standing and the broader cryptocurrency community.

Dormant Bitcoin Wallets Worth Millions

Recent data indicates that Bitcoin’s top 100 dormant wallets hold over $88 million in BTC. These “dusty” wallets, inactive for extended periods, have sparked discussions about the potential market impact if these funds were to be moved or sold. The existence of such significant inactive holdings underscores the enduring value of Bitcoin and its holders’ long-term confidence.