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In a groundbreaking move, Bitcoin and cryptocurrency are set to play a pivotal role in the American Presidential Election cycle for the first time. Donald Trump's embrace of crypto marks a stark departure from his previous stance, positioning himself as the preferred candidate for digital asset enthusiasts. His outreach to the crypto community contrasts sharply with the Democrats' perceived opposition, highlighting a growing partisan divide over crypto regulation. Trump's endorsement and campaign strategies signal a shift in political dynamics, reshaping the conversation around cryptocurrency's role in governance and policy-making. #CryptoWatchMay2024 #ETHETFS #buythedip #Trump's
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South Korea Sells $800,000 in Seized Crypto from Tax Evaders South Korea cracks down on crypto tax evasion! Tax authorities sell over $800,000 in seized crypto from delinquents. This follows years of efforts to target tax evaders hiding income in crypto. The NTS holds $9 million more in frozen crypto assets, prepared for liquidation if necessary. They're serious - luxury cars, art, and even golf memberships are on the table! Tax evaders beware, South Korea is coming for your crypto. #SouthKorea #Crypto #cryptotax #Bitcoin $BTC
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Circle, a major stablecoin issuer, is ditching Ireland's tax haven status and moving to the US. This surprise shift comes as they prepare for a US IPO, despite potentially higher taxes. The decision follows a failed SPAC merger and highlights Circle's focus on USDC and its upcoming public offering. #Circle #IPO #USDC $USDC #Stablecoin
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El Salvador Mines 474 Bitcoin, Boosting Eco-Friendly Crypto Holdings El Salvador mined nearly 474 Bitcoin using volcanic power, adding $29 million to its national crypto stash. This eco-friendly approach brings their total holdings to 5,750 BTC, valued at $354 million. President Bukele, a Bitcoin champion, has been steadily accumulating Bitcoin through a DCA strategy, reportedly yielding over 43% in unrealized profits. El Salvador's commitment to transparency is evident in their new platform allowing public access to Bitcoin investment data. #ElSalvadorBitcoin $BTC #Bitcoin
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Ether Eyes $3,000: Can Bulls Break Through Resistance? Ethereum eyes a bullish breakout! The price looks to crack past $2,900, but faces resistance at $2,900, $2,940, and a bearish trend line. Overcoming these hurdles could send Ether towards $3,000 and beyond. Conversely, failing to break resistance could trigger a dip to $2,880. Key support levels to watch: $2,880, $2,925, $2,940, $3,000. Will the bulls regain control or will Ethereum fall back down? #Ether #Ethereum #bullsrun $ETH #ETH
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