According to Cointelegraph, El Salvador's Bitcoin reserves have had a limited impact on the general population, and the country's loan agreement with the International Monetary Fund (IMF) may further complicate its Bitcoin strategy. Quentin Ehrenmann, general manager at My First Bitcoin, an NGO focused on Bitcoin adoption, highlighted these concerns. Ehrenmann explained to Reuters that the repeal of Bitcoin's legal tender status under the IMF agreement has left a gap in public education and state-led adoption initiatives. He noted that since the government entered into this contract with the IMF, Bitcoin is no longer legal tender, and there has been no significant effort to educate the public. While the government continues to accumulate Bitcoin, this strategy appears to benefit the government more than the people directly. The agreement with the IMF also stipulates that El Salvador will not purchase any new Bitcoin, a detail confirmed in a recent IMF report. This contradicts claims by El Salvador’s Bitcoin Office that the country is accumulating Bitcoin daily. In January, El Salvador's legislature reduced public sector involvement in Bitcoin to comply with the IMF loan deal, sparking debate over whether the country's Bitcoin experiment has failed. Cointelegraph's visit to El Salvador in 2023 provided insights into how small businesses and everyday Salvadorans are using Bitcoin. Joe Hall, a visitor, used Bitcoin to pay for his hostel stay through IBEX Pay, a company facilitating Bitcoin payments over the Lightning Network. The Lightning Network allows for almost instant Bitcoin transactions, making it suitable for small, everyday purchases like coffee or meals. Despite the convenience, a lack of education remains a barrier to widespread Bitcoin adoption in El Salvador. The reporter noted that they had to assist the hostel clerk in accepting a payment over the Lightning Network, highlighting the ongoing challenges in Bitcoin education and adoption in the country.

On Friday, President Donald Trump suggested he could allocate the extra revenue generated by increased tariffs toward issuing rebate payments to certain American households. Trump told reporters at the White House, shortly before embarking on his trip to Scotland, that “we have so much money coming in, we’re thinking about a little rebate. ” He added, […] source: https://www.cryptopolitan.com/trump-revisits-rebate-idea-with-tariff-revenue-after-doge-plan-got-shelved/

Tyler Winklevoss is accusing JPMorgan Chase of halting efforts to onboard his crypto company, Gemini, after he publicly criticized the bank on X. The comments came on July 19, shortly after Bloomberg reported that JPMorgan had decided to start charging fintech companies for access to their users’ banking data. Tyler said this new policy would […] source: https://www.cryptopolitan.com/tyler-winklevoss-jpmorgan-freezing-gemini/

Ether is showing renewed strength as tight supply, rising demand, and bullish technicals align, pushing ETH toward a possible $9,000 target. source: https://cointelegraph.com/news/eth-bulls-target-dollar9k-does-the-data-support-the-lofty-price-target?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

The crypto market is seeing Bitcoin and XRP as potential buy-low opportunities, according to on-chain analytics firm Santiment. Retail traders are showing far less excitement toward Bitcoin and XRP compared to Ethereum, seemingly more interested in the latter’s price movements heading into the weekend. Santiment feed shared a social data chart on X Friday that […] source: https://www.cryptopolitan.com/bitcoin-and-xrp-are-seeing-low-greed-levels/

An early Bitcoin investor has sold 80,000 BTC through Galaxy Digital, marking one of the largest crypto transactions ever, in a trading session marked by higher volatility. source: https://cointelegraph.com/news/early-bitcoin-investor-sells-80000-btc-galaxy-digital?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Galaxy has sold more than 80,000 BTC for a Satoshi-era investor, marking the largest ever notional sale of bitcoin, according to a press release. source: https://www.theblock.co/post/364332/galaxy-sells-more-than-80000-btc-for-a-satoshi-era-investor?utm_source=rss&utm_medium=rss

The third biggest digital coin has dropped since setting a record last week. source: https://decrypt.co/331930/xrp-erases-gains-following-new-record-does-it-still-have-room-to-run

The most critical week for Wall Street this summer starts Monday. A flood of second-quarter earnings from major players in tech, finance, and crypto will land just as the Federal Reserve holds its last meeting before September. According to CNBC, this tight window, filled with new data, political tension, and economic uncertainty, could expose cracks […] source: https://www.cryptopolitan.com/wall-streets-next-earnings-week/

null source: https://x.com/BTC_Archive/status/1948858231377293536

A phishing attack on a cryptocurrency investor led to the theft of 95.3 million GIGA tokens, worth over $6 million, through a fake Zoom link. The hacker quickly sold the stolen tokens, converted them into Solana and stablecoins, and moved the funds to obscure wallets, while the investor is now working with law enforcement to recover the assets.

Gigachad (GIGA) saw a significant increase in value after endorsements from fitness celebrities and the meme model himself, highlighting the powerful influence of internet culture on cryptocurrency markets.