Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Kamala Harris Vs Crypto: U.S. Vice President Kamala Harris considered speaking at the Bitcoin 2024 conference to improve the Democratic Party's standing among cryptocurrency voters but ultimately did not proceed.

2. TON Smart Wallet: The TON Core team launched the W5 smart wallet, enabling gasless transactions on The Open Network (TON) blockchain by allowing users to pay fees with USDT and Notcoin instead of Toncoin.

3.  📈Technical Analysis Masterclass - The crypto market remains unpredictable, but with careful observation and quick decisions, profitable opportunities are abundant. Watch UseTheBitcoin’s latest Youtube video “Bitcoin Went to $63k, But I Still Earned Money!” to trade like a pro and join our Official Telegram Channel for more alpha!

4. Atari Onchain Retro Games: AtariX is bringing classic titles to the blockchain through a partnership with Base, Coinbase's Ethereum layer-2 scaling blockchain.

5. 💡Feature of the Day - New Jersey Bitcoin ETF Plans: Steven Fulop, the mayor of Jersey City, announced plans to invest part of the city's pension fund in Bitcoin ETFs.

   
   All this and more in today’s headlines!

📰 News Highlights:

Kamala Harris Vs Crypto [Source][Source][Source][Source]

U.S. Vice President Kamala Harris is aiming to improve the Democratic Party's standing among cryptocurrency voters. Reports indicated she was in discussions to speak at the Bitcoin 2024 conference in Nashville, joining a roster of speakers that includes Donald Trump and Robert F. Kennedy Jr.

However, the talks reportedly fell through, with critics suggesting it would have been a challenging environment given the Biden-Harris administration's previous anti-crypto stance.

Reaction to the potential appearance was mixed within the crypto community, with some viewing it as too little, too late.

Critics like Tyler Winklevoss argued that substantial actions, such as firing SEC Chair Gary Gensler and ending anti-crypto policies, are necessary to win back crypto supporters.

His brother, Cameron Winklevoss, echoed these sentiments, emphasizing that past actions by the administration have damaged trust within the community.

TON Smart Wallet [Source][Source][Source]

The TON Core team has launched the W5 smart wallet, a new standard designed to facilitate gasless transactions on The Open Network (TON) blockchain.

In collaboration with Tonkeeper, this innovation allows users to utilize USDT and Notcoin for transaction fees, eliminating the need for holding Toncoin.

The W5 smart wallet can execute up to 255 transactions simultaneously, streamlining the transaction process on TON. The network's total value locked (TVL) has surpassed $760 million, and its recent initiatives include partnering with 1inch and Sign to launch the Web3 startup accelerator Triangle, focusing on play-to-earn mini-games.

Additionally, the TON Foundation introduced a Bitcoin bridge, allowing BTC transfers to TON, further cementing its vision as a "blockchain of blockchains."

📈Technical Analysis Masterclass:

Bitcoin Went to $63k, But I Still Earned Money!

Last night, Bitcoin experienced a dramatic drop to the $63k-$64k range before quickly rebounding to $65k-$66k. It was a wild ride, but I managed to profit from the volatility. Here’s how:

The Drop and the Comeback

• Crash to $63k: Bitcoin plummeted, liquidating many traders and creating a chaotic market environment.

• Rebound to $66k: After the crash, Bitcoin swiftly recovered, presenting a trading opportunity.

My Trading Strategy

• Waiting for the Breakout: I watched for Bitcoin to break out of its consolidation box at $63k-$64k.

• Entry Point: I entered the market at $64,800, just before the price began to rise.

• Selling at Resistance: When Bitcoin reached $66k, a known resistance level, I sold my position to secure profits.

Market Signals

• Long Wick Candle: The quick move left a candle with a long wick, indicating a potential revisit to the $63k-$64k range.

Upcoming Event

• Trump at Bitcoin Conference: The upcoming Bitcoin conference in Nashville, featuring Trump, is creating market buzz. His potential endorsement could impact prices significantly from July 25 to July 27, 2024.

Atari Onchain Retro Games [Source][Source][Source]

AtariX, the Web3 initiative of video game pioneer Atari, is set to bring its classic titles to the blockchain through a partnership with Base, Coinbase’s Ethereum layer-2 scaling blockchain.

The first game to be featured is Asteroids, a popular arcade game from 1979. Players can mint a non-fungible token (NFT) access pass to play and compete on a global leaderboard, with the potential to win prizes like a $1,000 Atari gift card.

The NFT access pass costs 0.0015 Ether (approximately $5) and allows players to record their scores on the blockchain.

This initiative is part of a broader trend of integrating classic games into the blockchain ecosystem, providing both a nostalgic gaming experience and a new way to engage with digital assets.

💡 Feature of the Day: 

New Jersey Bitcoin ETF Plans [Source]

Steven Fulop, the mayor of Jersey City, has announced plans to invest part of the city’s pension fund in Bitcoin exchange-traded funds (ETFs).

While the exact percentage of the fund allocated to Bitcoin ETFs was not disclosed, Fulop mentioned that it would be similar to the 2% allocated by the Wisconsin Pension Fund.

This move aligns Jersey City with other progressive investment strategies in the public sector, recognizing the potential of digital assets.

Major financial institutions like Wells Fargo and JPMorgan Chase have also made modest investments in Bitcoin ETFs.

😂 Crypto Meme of the Day: 

And that’s it for this today.

With all of the recent hacks taking place, remember to protect your crypto assets with today’s sponsor Trezor hardware wallets.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com