Former President Donald Trump has chosen Senator J.D. Vance of Ohio as his vice presidential candidate.

The hillbilly elegy author and venture capitalist was a favorable choice among the cryptospace,

given his friendliness towards the industry and previous efforts to bring clearer legislation.

According to a report from Politico, he most recently drafted a bill that would revamp

how the U.S. regulates digital assets. Vance has not disclosed buying or selling any

cryptocurrencies in his most recent Senate financial disclosure, though in 2022, he did disclose

that he held between $100,000 and $250,000 worth of Bitcoin.

Crypto is back in the game of sports sponsorships.

Cracken has become the sleeve sponsor of Tottenham Hotspur in a multi-season agreement.

Last week, the crypto exchange announced a similar deal with Spanish team,

Atlatico Madrid, meaning the company now has a presence in both England's Premier League

and Spain's La Liga. Crackin is said to be in talks to raise $100 million in funding by

the end of the year ahead of a potential IPO. Spurs and Atletico may boost its plans given

the visibility it will now enjoy in two of the most popular soccer leagues in the world.

And ether hedging activity picks up as the US ETF debut nears. The impending debut has

investors scrambling to the options market to hedge or protect existing market positions from

price swings. Implied volatility or options-derived market expectations for price turbulence

over a specific period has ticked higher across timeframes, that's according to data sources

Deribit and KICO. Now, that's a sign of increased demand for options or derivatives offering

protection against price swings. A call protects against price rallies, while a put offers insurance

against price slides. Kiko analysts said in a newsletter that the increase in implied volatility on

the July 19th contract suggests traders are willing to pay more to hedge existing positions and

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