TL;DR XRP lagged behind other assets despite a market rally tied to Trump’s win. However, some analysts remain hopeful for a breakout if it clears key price levels. Ripple’s CEO Brad Garlinghouse welcomed the Trump victory, calling for changes like replacing SEC Chair Gensler and clarifying Ethereum’s regulatory status. XRP is Late for the Party… Again The cryptocurrency market has been on a tear in the past several hours, caused by Donald Trump’s triumph in the US...
Read More »10 Promises Donald Trump Has Made Regarding Bitcoin and Crypto
Throughout his election campaign, the new United States President, Donald Trump, remained vocal about his pro-crypto stance and made several promises regarding the development of the nascent industry. CryptoPotato has compiled a list of Trump’s declared promises, including pledges geared towards fostering innovation in the United States and continuing growth of the digital asset industry. Trump’s Promises Regarding Crypto Trump said he would commute the prison sentence of...
Read More »Bitcoin Poised for $100K, Trump Win May Be Short-Term Catalyst, Says Analyst
Bitcoin (BTC) could be gearing up for a historic $100,000 pump, and, according to crypto analysts, the upcoming U.S. presidential election may yet play a key role. According to experts, the cryptocurrency may achieve this price milestone regardless of who wins. However, they suggest a Trump victory could serve as a short-term catalyst, boosting its momentum much faster. Election’s Influence on Bitcoin Price Action The market watchers have noted that on previous occasions,...
Read More »Coinbase Chief Demands Accountability from Future SEC Chair Over ‘Frivolous’ Crypto Cases
Coinbase CEO Brian Armstrong has called for the next US Securities and Exchange Commission (SEC) chair to address the agency’s perceived inconsistencies in its approach to digital assets. Armstrong’s criticism stems from the securities regulator’s shifting stance throughout the years which has caused frustration within the community. SEC’s Contradictions on Crypto His tweet, which accompanied a compilation of conflicting SEC statements on the issue, argued that the new chair...
Read More »Ripple’s Larsen Explains Why He Donated $10M Worth of XRP to Harris’ Presidential Campaign
TL;DR Ripple co-founder Chris Larsen endorsed Kamala Harris, citing her pro-innovation stance and connections to the Bay Area tech scene. The US presidential candidate recently voiced support for a crypto regulatory framework aimed at protecting vulnerable groups but has yet to provide specific policy details. ‘Excited About Harris’ Economic Message’ The US presidential elections are less than a week away (scheduled for November 5), with Republican Donald Trump facing...
Read More »Bitcoin Inflows Hit $920M as US Political Momentum Fuels Digital Asset Investments
Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date. With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion. US Political Climate Drives Bitcoin Inflows According to the latest edition of CoinShares’ “Digital Asset Fund Flows Weekly Report,” the month’s inflows were overwhelmingly focused...
Read More »Optimism for Republican Win Drives $2.2 Billion in Weekly Inflows into BTC, ETH Products
As the US presidential race becomes more intense with less than a month away until Election Day, data from last week suggests that digital asset inflows have surged to $2.2 billion. This figure marked the highest level since July, spurred by optimism for a potential Republican success in the election. Inflows Surge Amid US Election Optimism According to the latest edition of CoinShares’ Digital Asset Fund Flows Weekly Report, the trading volumes of investment products have...
Read More »Meme Coin Madness: This Trader Turned $96 Into Over $3 Million in 1 Year
TL;DR A trader turned a $96 meme coin investment into a paper profit exceeding $3 million. However, investors should pay attention when jumping on the bandwagon due to the infamous volatility of memes, which could lead to devastating losses. What a Trade… Meme coins are an exciting part of the cryptocurrency world and have become quite trending during the latest bull cycle. They pop out quite frequently, with some witnessing astonishing price increases in a short period of...
Read More »Can Dogecoin (DOGE) Hit $1 if Elon Musk Is Appointed Under Trump’s Administration?
TL:DR; The largest meme coin has been on a roll lately, perhaps fueled by the most recent engagement by Tesla’s CEO, Elon Musk. The question arises whether DOGE could skyrocket to the coveted $1 level if Musk indeed takes a role under a potential Donald Trump administration. DOGE to $1? As mentioned multiple times in the past, Musk has played a crucial role in Dogecoin’s rising adoption and perhaps its price increases due to his continuous support. The landscape around the...
Read More »Kamala Harris Advocates for Pro-Crypto Regulations but Fails to Provide Details Again
U.S. Vice President Kamala Harris has pledged to support digital asset policies that protect crypto investors, especially black men participating in the sector. The promise was part of a wide-ranging agenda targeting men of color whom the Democratic flagbearer’s team believes could be pivotal in the November presidential elections. Securing Black Male Voters via Crypto In an October 14 release, the Harris campaign promised their candidate would create a conducive crypto...
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