The duo were reportedly in the country for a set of crypto policy talks with government officials and had been guaranteed “safe passage.” Following his sudden arrest, the crypto employee’s health quickly took a turn for the worse. In June, U.S. lawmakers French Hill (R-LA) and Cynthia Houlahan visited Gambaryan, where they found him to be suffering from both Malaria and double pneumonia.
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Bitcoin (BTC) has quickly recovered to nearly $60,000 after a debacle last week that saw prices drop below $50,000 at one point. The recovery may have legs, as the "exchange stablecoins ratio," which measures the number of BTC held in wallets tied to centralized exchanges relative to stablecoins, suggests reduced selling pressure. The ratio has dropped to its lowest since February 2023, extending a prolonged downtrend that began in June last year, according to data tracked by blockchain analytics firm CryptoQuant. "This could indicate reduced selling pressure on bitcoin as fewer traders are converting their BTC into stablecoins," CryptoQuant told CoinDesk in a Telegram chat. "Additionally, this could suggest a bullish market sentiment, where traders seem to be holding BTC in anticipation of future price increases," CryptoQuant added.
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According to David Bailey, Vice President Kamala Harris spoke very harshly about the crypto market during meetings with Democratic Party donors. “One major Democratic donor told me that Kamala personally told him: ‘Bitcoin is criminal money.’” In response to Bailey’s message, crypto businessman David Gokhshtein said that he is sure that Kamala Harris is not interested in Bitcoin, since she and the White House administration have been attacking the industry for more than three years, and all she needs is votes, David Bailey also reported that Kamala Harris will not speak at the Bitcoin 2024 conference, which will be held in Nashville from July 25 to 27, 2024. Although negotiations were held with the Vice President’s team about participation.
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