The weekend saw muted price action in crypto, with $BTC and $ETH +0.47% and -0.15% from Friday’s close respectively.
President Trump spoke at the Bitcoin Conference on Saturday and said that if elected in November, he would: fire current SEC Chair Gensler, build a strategic Bitcoin reserve, and prevent the U.S. from selling its Bitcoin holdings. He said that cryptocurrency will probably overtake gold one day and is the steel industry of 100 years ago.
A $24 million Compound Finance proposal passed in what many are calling a DAO hijacking. Proposal 289 will allocate 5% of Compound's treasury, 499,000 COMP tokens, to a yield-bearing protocol designed by the "Golden Boys" for one year.
During the last 24 hours, the top three gainers were $AIOZ, $BCH, and $PRIME, while the top three losers were $COMP, $DYM, and $MEW.
