Is Crypto The Financial Upgrade We’ve Been Waiting For?

What we’ll cover today:

😲 Is Crypto Fixing Traditional Finance? (Here’s how)

🪙 Americans lost $5.6 billion to cryptocurrency fraud

📉 Crypto Stocks Drop as Harris Gains After Debate

1. Is Crypto Fixing Traditional Finance?

What if crypto isn’t just the future—but the upgrade that could change everything in finance?

That’s how Robinhood CEO Vlad Tenev sees it, believing cryptocurrency is set to overhaul how we handle:

• Lending

• Trading

• Market-making

• Clearing and settlement

It could fix the long-standing issues in today’s financial systems.

While U.S. and U.K. crypto adoption rates have held steady at 21% and 18% since 2022, Tenev is thinking long-term.

He’s confident that as crypto products grow globally, the U.S. will fully embrace this shift.

Here’s the link to the tweet.

2. What if that amazing crypto opportunity you found online is a scam?

• In 2023, Americans lost $5.6 billion to cryptocurrency fraud—a 45% spike from last year.

• Scammers often build trust on dating apps or social media before pitching fake crypto investments.

• Some victims are even targeted twice by fake companies claiming to recover their lost funds.

The FBI warns that anyone can be a target. So, before investing online, double-check—it might save you from falling into a costly trap!

Here’s the whole article

3. Crypto Stocks Drop as Harris Gains After Debate

What do a heated debate and a Taylor Swift endorsement have to do with crypto? More than you think.

• Kamala Harris’ debate performance boosted her chances, dropping Trump’s odds and shaking up crypto markets.
  

• Bitcoin fell 2%, ether dropped 2.6%, as Trump’s pro-crypto stance faced a setback.
  

• Crypto stocks like Riot Platforms and MicroStrategy also saw notable declines as uncertainty looms.
  

With November’s election on the horizon, the crypto world is holding its breath for what comes next.

Here’s the whole article