COINDESK DAILY: Kamala Harris Locks In Running Mate; Core Scientific Shares Spike
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 7 August 2024
⏱️ 3 minutes
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Summary
Host Jennifer Sanasie breaks down the news in the crypto industry from Kamala Harris' running mate pick to Core Scientific's soaring shares.
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"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines in the crypto industry today, as Vice President Kamala Harris has chosen Minnesota Governor Tim Walz, as her running mate for the upcoming election. Plus, Jump Trading allegedly moved $29 million in ether, and Core Scientific's shares surged on a new deal with CoreWeave.
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This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and Melissa Montañez and edited by Victor Chen.
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Transcript
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| 0:00.0 | Harris chooses her VP and core scientific shares soar. |
| 0:04.2 | This is Coin Desk Daily. I'm your host, Jen Sanassi. |
| 0:12.5 | Vice President Kamala Harris, the Democratic nominee for the U.S. president has chosen Minnesota |
| 0:17.8 | Governor Tim Walz as her running mate for the 2024 presidential election. |
| 0:22.6 | Walls has been the governor of Minnesota for five years after previously serving in the U.S. |
| 0:26.8 | House of Representatives. He does not appear to have made any public statements about crypto, |
| 0:31.3 | but he did receive and later return a $4,000 donation from former FTX engineering director, Nishad Singh, in the 2022 election cycle. |
| 0:41.1 | He also signed a law earlier this year targeting crypto kiosks, setting a $2,000 daily limit, and offering fraud protections. |
| 0:49.4 | A wallet tagged is belonging to trading giant jump trading moved large amounts of ether on chain as the second |
| 0:54.8 | largest crypto recovered from Monday's rut, according to blockchain sleuth spot on chain. The wallet |
| 0:59.7 | unstaked 11,500 ether worth $29 million from liquid staking service Lido finance to a wallet |
| 1:06.1 | labeled jump trading. The Chicago-based company has previously used that address to transfer coins to |
| 1:11.4 | centralized crypto exchanges, a move often associated with an intention to sell or liquidate. |
| 1:17.0 | On Sunday, a wallet said to belong to the firm moved $46 million worth of ether to centralized |
| 1:22.0 | exchanges, deepening ether's sell-off set in motion by macroeconomic developments. |
| 1:29.1 | As of 10 a.m. Eastern time, |
| 1:36.0 | Eath was at around $2,400 and $45 down almost 18% in the past five days. |
| 1:42.2 | And Bitcoin Minor Core Scientific's shares soared on Tuesday outperforming other crypto-linked stocks. After the company signed an extension of its earlier |
| 1:45.0 | high-performance computing contract with CoreWeave, the new contract is expected to add about |
| 1:49.8 | $2 billion of additional revenue, bringing the total to $6.7 billion, starting in the first half |
| 1:55.6 | of 2026. Corweave will be bearing the cost for all capital investments needed to get core scientific's existing mining infrastructure ready for HPC, according to a statement. |
| 2:06.3 | HPC and AI companies require energy-intensive data centers, sites, and infrastructure, which are expensive and time-consuming to secure. |
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