The Top 5 #Crypto News Stories for the last 24 hours, as of July 10th 2024:    

👉 @elonmusk Raises Alarm on US Economy’s Future: His remarks coincide with reports highlighting the staggering burden of interest payments on national debt, which now exceeds defense spending. This revelation underscores the growing fiscal challenges and potential economic repercussions facing the nation. Musk’s perspective adds to ongoing debates about the sustainability of current fiscal policies and the need for responsible economic stewardship amid escalating debt levels.

👉 @Uniswap Urges SEC to Refrain From Adopting Proposed Amendments: Uniswap in the main argument cited the Supreme Court’s recent ruling in Loper Bright Enterprises v. Raimondo which changed the legal framework. This ruling overturned Chevron’s Deference, a long-standing practice that gives government agencies a lot of freedom in interpreting unclear laws.

👉 Bitwise Hit With a Lawsuit: Investors Demand $2 Million in Damages: Bitwise Asset Management is facing a lawsuit from Vandelay Industries, which is representing the Mukamal family. The suit accuses Bitwise and its top executives of significant financial misconduct and seeks $2 million in damages. The controversy began with the Mukamal family’s early 2018 investment of about $1.3 million in the Bitwise HOLD 10 Private Index Fund.

👉 Ronaldinho shills Solana-based meme coin on Instagram: Ronaldinho Gaúcho recently posted a story on his Instagram account promoting the Solana-based token Water Coin (WATER) to his 76.6 million followers. The move comes after Lionel Messi’s similar post sent WATER’s value soaring almost 400% on Monday

👉 Paper #Bitcoin On The Rise: Paper BTC refers to the derivatives products related to the cryptocurrency that don’t need ownership of any actual BTC tokens. In total, 140,000 extra paper BTC has been printed recently. “Now compare that to 10,000 BTC that Germany sold, and you see what caused the dump,” says Analyst Woo. Thus, it’s possible that derivatives would have to see a flush if the cryptocurrency had to make some solid recovery.
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