It’s been a busy week in crypto, from payments processor Stripe’s acquisition of stablecoin platform Bridge to Ripple’s co-founder donating $10 million in XRP to Kamala Harris’ US election campaign to the Pennsylvania House passing a bipartisan Bitcoin bill. Let’s take a closer look at these and give you a recap on what happened this week in crypto. Stripe acquires stablecoin platform Bridge for $1.1 billion Payment processor Stripe completed its acquisition of Bridge, a stablecoin platform, in a deal valued at $1.1 billion. The deal, which is the biggest for Stripe, and was valued at $70 billion in July, comes after John Collision, Stripe’s co-founder, announced in April that the company would “start supporting global stablecoin payments this summer.”

This deal is done. $1.1b https://t.co/J7ppK4uHw0 — Michael Arrington 🏴‍☠️ (@arrington) October 20, 2024

It also follows after the payment processor teamed up with Paxos to launch a stablecoin payments platform. The collaboration aims to simplify how businesses accept stablecoin payments, offering a more efficient and cost-effective alternative to traditional payment methods. Ripple’s Chris Larsen donates $10 million in XRP to Kamala Harris Chris Larsen, Ripple’s co-founder, has become the crypto industry’s largest donor in the 2024 US election. Earlier this week, Larsen donated $10 million in XRP to Vice President Kamala Harris’ US election campaign. Larsen donated $9.9 million to the pro-Harris Future Forward political action committee (PAC) and $800,000 to the Harris Victory Fund. This latest amount follows a $1 million donation in XRP Larsen made to Harris in August. Speaking about his latest donation, Larsen said on X: “It’s time for the Democrats to have a new approach to tech innovation, including crypto.”

It's time for the Democrats to have a new approach to tech innovation, including crypto. I believe @KamalaHarris will ensure that American technology dominates the world, which is why I’m donating $10M in XRP in support of her. https://t.co/vb9KJA87JK — Chris Larsen (@chrislarsensf) October 21, 2024

The crypto industry has donated around $190 million in political donations so far in the 2024 US election cycle. This is a significant rise compared to the 2020 election when $15 million was donated. Of the $190 million, over $130 million has been spent in congressional races. Pennsylvania House passes Bitcoin bill The Bitcoin Rights Bill was passed in the Pennsylvania House, which is seeking regulatory clarity for the crypto industry. The new bill received bipartisan support with 176 votes to 26 and is a major step for the US in terms of regulatory clarity toward digital assets. The bill outlines protections for Bitcoin and crypto holders, including the right to self-custody and use for payments. The next stage will see the bill come up for debate and voting at the Pennsylvania Senate, which is Republican-led. If it passes, the final stage will be forwarded to Governor Josh Shapiro. However, these two steps will take place after the US presidential election. The topic of crypto has played a significant role during the US election campaign with Donald Trump and Kamala Harris making promises to support the crypto industry if elected as the next POTUS.

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Miami, Florida, October 25th, 2024, Chainwire Valhalla, Floki’s PlayToEarn Massively Multiplayer Online Role-Playing Game (MMORPG) blockchain game, has teamed up with the Hong Kong International Cricket Sixes as its official partner, marking the much-anticipated return of the tournament after a seven-year break. From November 1 to November 3, top international teams will face off in this fast-paced cricket format at the Tin Kwong Road Recreation Ground. The Cricket Sixes has been a celebrated event since its debut in 1992, with legendary players like Sachin Tendulkar, MS Dhoni, Shane Warne, and Sanath Jayasuriya gracing the field over the years. Valhalla’s partnership with the Sixes reflects the synergy between competitive sports and the blockchain gaming world. “We are thrilled to be part of the Hong Kong International Cricket Sixes. The excitement and energy of this iconic event resonate with our own commitment to innovation and community in gaming,” said Mr. Brown Whale, Valhalla’s lead. “This collaboration allows us to engage with cricket fans and show how PlayToEarn gaming can elevate both entertainment and the spirit of competition.” The matches will be broadcast across multiple regions by Star Sports Network, and in India, viewers can catch the action on Fancode, one of the country’s largest sports OTT platforms. On the ground, key branding assets will include ground perimeter boards, mid wicket logo mats, and the presentation backdrop, ensuring strong visibility for both Valhalla and the Sixes event. This year’s tournament will feature 12 teams divided into four groups. In Group C, India, led by stars like Robin Uthappa and Kedar Jadhav, will face off against Pakistan and the UAE. Group A includes South Africa, New Zealand, and host nation Hong Kong. Group B brings together Australia, England, and Nepal, while Sri Lanka, Bangladesh, and Oman make up Group D. The top two teams from each group will progress to the quarterfinals, with 29 matches set to take place over three action-packed days. About Hong Kong Sixes The Hong Kong Cricket Sixes is a six-a-side international cricket tournament held at the Kwong Road recreational ground from 1st to 3rd Nov. The 2024 edition will be conducted after a 7 year gap and 12 of the best cricketing nations will battle it out for top honors. Uses can learn more at www.hkcricket.org About Valhalla Valhalla is a blockchain-based MMORPG inspired by Norse mythology, offering players the chance to discover, tame, and battle with creatures called Veras. The game features a player-driven economy and a hexagonal battlefield designed for dynamic combat. Users can learn more at Valhalla.game. Website | YouTube | Telegram | Instagram | TikTok | Discord | Facebook | Reddit | Twitch   Contact Community Relations Officer Pedro Vidal FLOKI [email protected]

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